Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is a “safe haven asset”
by
sad_miner
on 26/11/2023, 03:46:54 UTC
Bitcoin is still a little risky, but perhaps not as risky as it was ten years ago, now that it has entered mainstream consciousness.

It's risky because it's harder for average people to understand compared to stocks, actual gold, etc, and is still volatile.

It's risky because it's too low compared to its peak, and it's not a great store of value either, because it has shown that it may not appreciate in value in future. It certainly hasn't compared to its all time highs in 2021.  It's like risky stocks in a way.  It's so easy to buy at ATH and get burnt.  Whether we like it or not, we are all affected in a way by the hype cycles and positive sentiment, and equally by low sentiment and panic selling.

If Bitcoin had a more stable upward trend and didn't crash by such huge percentages, then we could call it a safe haven asset and a good store of value, if I understand those terms correctly.