It's real, even if it's not your ideal.
I can swap currency for food and eat it, doesn't get more real than that.
You can't eat a bitcoin, and you can't turn it into food unless you have electricity, internet, a seller that understands how to receive it, and you both agree on a value (in reference currency)
Can't ignore that if we have a blackout, you can't buy anything. If we have a solar storm, all your stored value is gone forever.
But, in those events, cash/metal/ammunition/water/food/etc will still have value. I can trade a box of ammo or a gram of gold for a tank of fuel, but no one is giving you anything for the promise of a bitcoin when the power comes back.
> Bitcoin isn't a safe haven
you sound like a weak hand. BTC is pretty shitty as a safe haven for people with weak hands.
For strong hands, Bitcoin is and has always been the best safe haven out there. Nothing has done better.
Loving the toxic 'Hodl or die' mentality coming through
I've been in BTC since 2017, buying and selling has been extremely profitable for me
Still doesn't make it a safe haven asset
> 'Hodl or die' mentality coming through
Its sound money 101, not even specific to bitcoin. Its an anti-fiat mentality.
> I've been in BTC since 2017, buying and selling has been extremely profitable for me
If thats even true, you are just lucky. Traders eventually get caught out.
> Still doesn't make it a safe haven asset
By the definition of those articles, nothing can be a "safe haven".
Its impossible to make an instrument that yields safe profit from broken windows.
Much like gold, bitcoin allows you to protect yourself from the reactions to an economic crash - nothing can be protected from an actual economic downturn when its happening.
Furthermore these safe haven assets help prevent economic crashes in the first place. A pandemic virus is bad enough - but complicating it with economic turmoil is the failure of fiat.
People keep doing this - trying to blow the trumpet on something that is this volatile.
It’s great that it pumped because it shows greater confidence even if it’s just for traders trying to stay busy, but trumpeting about ‘look at BTC!!!!!’ is silly because the people who are attracted by this headline and news will be deeply upset this evening when it drops again.