Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin a safe haven???
by
kawetsriyanto
on 08/06/2022, 23:01:28 UTC
Bitcoin is indeed a safe heaven in my opinion when you take account the performance of Bitcoin and other asset in the last couples of years and differciate them, BTC have had an astonishing performance when compared with other asset like Gold, Stocks, bonds. Until people begin to realize the value of BTC and its problem solving and stop pricing it with the dollar,  that's when I think they're going to fully realize that BTC is a safe heaven.
But not all people know well how to invest in Bitcoin properly, dude. Although it has an astonishing performance compared to other assets, it also has a bigger risk as well. People who don't understand the nature of Bitcoin price and its price history, may buy Bitcoin at the wrong time. Then, they do panicking sell when they hear some FUDs and realize the value of Bitcoin decreasing significantly. So, this can't be categorized as a safe haven asset for all people. Bitcoin is a proper asset for people who have a great mentality and know well what Bitcoin is!!

Volatility will be a big risk if you are not ready with crypto.
That's why before having a Bitcoin investment, we must have sufficient knowledge about crypto and its nature.
Most crypto coins have high volatility, including Bitcoin. So, be careful to choose the time for buying!!