Quote from: pooya87 on November 02, 2024, 05:35:12 AM

Quote from: Waldorf77 on October 30, 2024, 09:29:41 AM

You hold your wealth in crypto you manage to save your wealth If not then your years of hard work could go just waste so people who don't have crypto will be in serious trouble get cryptocurrency and debit card to spend your crypto instantly.
People learn hard way that crypto is safe heaven.

Crypto is not safe haven and it will never be. Majority of cryptos aka the altcoins are completely useless and without any potential. Any money that enters these shitcoins is at an extremely high risk of dropping down to nothing.

Bitcoin has the potential to be but it still comes at a risk. Even though over the long run bitcoin always goes up, but it still has a volatile price. People who acquire bitcoin should take that into consideration, otherwise those who go crazy and suddenly "go all in" could end up losing a lot of money if we enter a long bear market (eg. like the 2018).

I suppose if anyone did want to go all-in it would be best to do so during a bear
market!

as to the "generalisation" of Crypto - NO
Forget about the word 'Crypto' because that
covers all the $hitcoins bar 2 or 3, In terms of safe haven there is only 1 option - Bitcoin
it has proven thus far to be a very good long term performer.