You are viewing a single comment's thread from:

RE: Gold or Bitcoin as the currency of safe haven?

in #bitcoin • 7 years ago

Yep, I basically mean that when having a situation where AU truly acts as a safe haven, so does silver too. We still haven't seen an economic crisis like 2008 with era of cryptocurrencies. When that arrives, cryptos will be tested in a real crisis environment. The behavior can differ or equal that of precious metals.

Not a disagreement, just discussing! ;-)

7 years ago in #bitcoin by
$0.00
    Reply 3
    Sort:  
  • Trending
    • [-]
     7 years ago 

    @arpepa I welcome your comments as I'm not expert in this, but you have raised an interesting point where Cryptos have yet to be tested in a crisis. It's a day we all hope never arrives, but time will tell.

    $0.00
      Reply
      [-]
       7 years ago 

      I'm not an expert either. However, your opening was important and I've been into these questions a lot . There are different kind of situations to have safe havens:

      • "normal everyday life"
      • world of (economic) uncertainty (to which you were referring most?)
      • pre-crisis situation (economic or else)
      • full-blown panic (major stock crash? ; to which I was referring earlier)
      • post-crisis environment

      It strongly seems that Cryptos can work as safe havens at least for world of uncertainty. And yes, hopefully anything else won't be needed to test.

      Upvoted.

      $0.00
        Reply
        [-]
         7 years ago 

        Thanks for the upvote, I'll add you to my follow list.

        $0.00
          Reply