Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin a safe haven?
by
bhooscream
on 20/08/2021, 23:54:25 UTC
We can't really tell an investment especially in crypto to be a safe haven. Even if we are talking bitcoin here, still the risk is there. Considering that its price is still very volatile.
Agree. No crypto investment is really secure and no risks. Bitcoin also has risk, although it is relatively quite safe if we compare it with new altcoins. Bitcoin price is unpredictable, it can increase and decrease masively in short time. If someone targets to take profits instantly or in a short time, he may be not patient and just sell the Bitcoin even he gets loses. So, Bitcoin investment is not a safe haven and no guarantee to earn profits.