Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin a safe haven?
by
RayBarK
on 10/09/2021, 22:17:51 UTC
~
Maybe you are right but the truth is that we can't consider the investment is a safe haven if we know how risky it was. if we just know that Bitcoin will reach $100k 1 or 2 years from now, that is absolutely we can consider it but we won't and that makes it so hard to think that we are totally safe plus the hackers around us.
This can be a heavily debatable topic because there is nothing like a safe heaven in any financial market. Everything works in a sine wave, you have the highs and you have the lows. The person who is able to manage these market movements will make money.

Lets say before the halving everyone had the opportunity to invest and it was certain that the market would go high and it was not rocket science either and if you invested well before that it was a safe heaven but right now you cannot invest and claim it to be a safe heaven as the entry is more important in any financial market.

When it comes to hackers, the hackers are not going to breach the blockchain technology, they can only manipulate the end user or steal the funds from exchanges, have you heard about any hacker cracking a wallet. So this worry for hackers is unnecessary. All you need is to learn how to safe guard your cryptocurrency and you are good to go.




Agreed, even in a black and white world where you can consider a crypto as a "safe haven" bitcoin would be one of the least safe options to invest in.