Post
Topic
Board Economics
Re: How safe is Bitcoin in the world's economic turmoil?
by
davis196
on 22/06/2025, 10:50:33 UTC
How safe is Bitcoin in the world's economic turmoil?
Bitcoin has opened a new chapter in the economy. When the current world economy is gradually surrounded by uncertainty, people have considered Bitcoin as a safe investment as a means of investing in their safe place. Especially those who have lost fiat currency in long-term investments. Inflation, bank crises, moral standing, trade wars - all of them have become popular in the currency investment business. The price of Bitcoin fluctuates by 10 to 20% in a day, which is very risky or frustrating. Moreover, digital and currency or blockchain is still difficult for the common man and lacks technical knowledge. So if you are suffering from investment, I think that since Bitcoin is not controlled by any government or any central bank, if you keep the Bitcoin keys with yourself, you can safely invest in Bitcoin without the need for a third party. You must consider the profit or loss calculation period before investing in Bitcoin without risk with each investment. The meaning of establishing yourself is not only about how much you have earned and how much you have invested, but also about accumulating your principal or wealth. Financial security of investment is a prudent solution, so Bitcoin investment can be a long-term, i.e., a well-balanced approach that can provide a sure solution to your future success.

1.Bitcoin is not considered a "safe heaven" asset. Gold is the ultimate "safe heaven" asset and this won't change anytime soon.
2.Price fluctuations are risky and frustrating only for the day traders and the crypto noobs. The hardcore long term BTC HODLers cannot be bothered by the BTC price going up or down by 10% or 20%. Maybe you are a Bitcoin noob right now, but will gain experience for sure.
3.There's a learning curve, when the ordinary man wants to setup a crypto wallet and use cryptocurrencies, but it's not rocket science.
The "average Joe" doesn't have to know anything about cryptography or how blockchain technology works in order to use Bitcoin(or any altcoin).