Consider Bitcoin A Safe House

[Dreadboost]

Bitcoin is a decentralized digital currency which most individuals here are aware of, but are you also informed that bitcoin is also considered a safe house as well? Now most of us know what a safe house is, a dwelling used for taking shelter against external threats, how does this relate to bitcoin some may ask. One of the reasons why bitcoin was created is as a safeguard against inflation unlike other traditional financial assets that are vulnerable to devaluation. Yes it i an investment source but you can also consider the coin as a safe house against inflation of local currency. So rather than saving that your money in the bank as things increase the value of that saved money will reduced, but why not make good use of bitcoin, might not solidly be on investment purposes but also as a place to save your money and protect it against inflation, you will come to notice that it will actually add value instead of decrease in value,. Bitcoin is not all about investment the asset can be used for whey more different reasons we might not even know about, but the once we know about lets use it and use it to the fullest it will only benefit us.

[EluguHcman]

So rather than saving that your money in the bank as things increase the value of that saved money will reduced, but why not make good use of bitcoin, might not solidly be on investment purposes but also as a place to save your money and protect it against inflation

I think you don't know that investing on Bitcoin gives your funds the edge to hold values again inflation.
As long your money is save in Bitcoin automatically is an investment.

Bitcoin is a potential monetary value with utility use case which are worthwhile beyond having and edge against inflations but can also send funds across borders with less fee and fast transaction response.
You also keep self custody of your Bitcoin. It is much save haven with it digital system that secures values against physics threats and natural disasters.

[Doan9269]

Bitcoin is a safer opportunity in the financial economy today, but not everyone have come to the realization of this fact, we have to learn on how we could build more on the network and make it applicable for everyone to know and understand it relevance, so that we all can benefits together, in doing this, there are many things that needed to be learned, starting from the background history of bitcoin, it's wallet, security, privacy scam and other interesting areas that could encourage us for more active participation in it, because when we are well informed, it is going to be a smoothier experience to use bitcoin for all that we may want, the extent to which we are exposed in it determines our altitude in it.

[Itz-prisigold]

Yeah, I understand what you saying. For me ooo, I don’t really view Bitcoin only as an financial tool or a platform where I can make quick money, and come to think of it Bitcoin was also built to act as a shield against economic instability. Bitcoin is a very secure place to keep your wealth, when you can't really depend on all these local currencies to stay strong.

Rising prices of things keeps eating into people savings, and banks are not just helping issues at all, with their random principles and debiting people with unnecessary charges. But Bitcoin can really protect or even add value to your savings as time passes by. People just need to understand that using Bitcoin is not always about looking for quick gains, sometimes it's about protecting what you already have and that is the part a lot of people still don't fully get

[Agbamoni]

Yes it i an investment source but you can also consider the coin as a safe house against inflation of local currency.

The coin itself is not considered a safe house. Bitcoin becomes a store of value because we human see it that way due to the never ending deprecation of fiat value. Before now, people, especially Nigerians would value the US dollar as a way to store value.

There are several things you can do with Bitcoin. Transact, trade, invest or keep it as a store of value to have an edge against inflation.

[Marykeller]

Yes it i an investment source but you can also consider the coin as a safe house against inflation of local currency.

The coin itself is not considered a safe house. Bitcoin becomes a store of value because we human see it that way due to the never ending deprecation of fiat value. Before now, people, especially Nigerians would value the US dollar as a way to store value.

There are several things you can do with Bitcoin. Transact, trade, invest or keep it as a store of value to have an edge against inflation.

Exactly. Store of value, that's the main point people prefer Bitcoin over other investment tools or currency you can think of.

Bitcoin is that asset you can have, and you can think of a brighter future. Having other assets apart from Bitcoin means that either inflation hits it, making its value worth nothing in the present economy.

[Nightwalker(NW)]

That is also investment if you don't know, converting your NGN to bitcoin and hold it on your custody is regarded as investment since you are not making use of it any time or even move around for transaction and payment purposes. It is also regarded as investment, and again talking about safe house to me I would rather prefer it to be called a safe haven where you invest and after some specific period of years you could pull them out and make use of your invested amount to something else, with this you have been able to save your money.

But before investing in bitcoin and seeing it as safe haven you should also understand that there is risk in bitcoin investment because bitcoin volatility is much and if you aren't prepared for volatility you could regret putting your money into bitcoin as the price doesn't remain stable and static as you many have think, so before venturing into bitcoin investment seeing it as safe haven or house as you said you must accept all the risk associated with bitcoin and of course I strongly recommend you to stick only on bitcoin than any other digital asset out there.

[Odogwu-Blockchain]

Bitcoin is a decentralized digital currency which most individuals here are aware of, but are you also informed that bitcoin is also considered a safe house as well? Now most of us know what a safe house is, a dwelling used for taking shelter against external threats, how does this relate to bitcoin some may ask. One of the reasons why bitcoin was created is as a safeguard against inflation unlike other traditional financial assets that are vulnerable to devaluation. Yes it i an investment source but you can also consider the coin as a safe house against inflation of local currency. So rather than saving that your money in the bank as things increase the value of that saved money will reduced, but why not make good use of bitcoin, might not solidly be on investment purposes but also as a place to save your money and protect it against inflation, you will come to notice that it will actually add value instead of decrease in value,. Bitcoin is not all about investment the asset can be used for whey more different reasons we might not even know about, but the once we know about lets use it and use it to the fullest it will only benefit us.

There is another way i see bitcoin as a safe house when it comes to trading, using bitcoin to buy altcoin is one of the fastest growing mechanism than using usdt, the increase in quantity of bitcoin makes it more safer that it beats inflation over time.

Bitcoin creation also was for the purpose of escaping the rat race by the government and set every owner a step ahead to be able to fully control their financial lifestyle without the need of any external body, which the target is coming into reality gradually.

[Hatchy]

  saved money will reduced

Being a store of value rather than a safe house, bitcoin has a lot of good potentials that will be able to serve better than our regular fiat. For many reasons it's a better option regardless of it's volatility. Many people fails to see this and as a result, they prefer holding the local fiat whose value continues to depreciate with very little chances of regaining value. Sometimes it's due to their lack of knowledge about what bitcoin can do and I don't honestly blame anyone for that. Because it's normal to be afraid of what you don't know, but it will be a shame if you fail to understand what it can do and take a hold of that opportunity.

[Ambatman]

One of the characstersitic of money Is being a Store of value something Fiat has been failing in.
And not surprising Bitcoins strength.
When War and crisis are on the horizon in the past people first run to Gold
Not to be affected by the storm
Now there's a competitor to wave that storm and it's Bitcoin.

[osasshem]

Bitcoin is a decentralized digital currency which most individuals here are aware of, but are you also informed that bitcoin is also considered a safe house as well? Now most of us know what a safe house is, a dwelling used for taking shelter against external threats, how does this relate to bitcoin some may ask. One of the reasons why bitcoin was created is as a safeguard against inflation unlike other traditional financial assets that are vulnerable to devaluation. Yes it i an investment source but you can also consider the coin as a safe house against inflation of local currency. So rather than saving that your money in the bank as things increase the value of that saved money will reduced, but why not make good use of bitcoin, might not solidly be on investment purposes but also as a place to save your money and protect it against inflation, you will come to notice that it will actually add value instead of decrease in value,. Bitcoin is not all about investment the asset can be used for whey more different reasons we might not even know about, but the once we know about lets use it and use it to the fullest it will only benefit us.

A place to save your money to yield profit is nothing more than investment. Bitcoin as a decentralized digital currency has more valuable uses, but the bottom line of all forms of uses Bitcoin will have, the ability for it to continuously generate profit to the funds placed on it is one thing that makes it unique.

Keeping one's money in Bitcoin is truly safer than keeping it in banks or on native fiat which are subject to devaluation and which are affected by inflation as well. Bitcoin is safe from all these, and that is a good reason to keep out funds that are not meant for immediate use in Bitcoin for safer and better profit yield. As much as keeping our funds in Bitcoin is safe, knowing how to protect the keys/seed phrase is another important thing to have in mind too.

[Y3shot]

Yes it i an investment source but you can also consider the coin as a safe house against inflation of local currency.

The coin itself is not considered a safe house. Bitcoin becomes a store of value because we human see it that way due to the never ending deprecation of fiat value. Before now, people, especially Nigerians would value the US dollar as a way to store value.

There are several things you can do with Bitcoin. Transact, trade, invest or keep it as a store of value to have an edge against inflation.

Bitcoin is a good store value and we can confirm this from the price of  Bitcoin if we compare now and previous years. The reason why some people dont really consider Bitcoin as a store of value is because they are not ready to hodl it for a longtime and they would prefer to hodl usdt. Usdt is still fiat and I dont see it as a store of value. The difference between the usft and our local currency is thst it is a valuable fiat, and if we have had good government usdt and our local currency should be the same I value , but fiat cant be better than Bitcoin in value fiat, usdt and others will remain the same but Bitcoin will always increase.

[Chinesebaby]

That is also investment if you don't know, converting your NGN to bitcoin and hold it on your custody is regarded as investment since you are not making use of it any time or even move around for transaction and payment purposes.

Yes, you are also right on the very statement you gave above, considering the high volatility of our Naira fiat currency that is always been affected by inflation due to bad policies of our government. Making Bitcoin a safe heaven for lots of investors who never had the immediate need for their funds and needed a better alternative where it will not lose its market value due to the weak Naira volatile nature. Because converting your money from Naira to dollar is invariably the best option as of today. And If I'm to be opportuned is to just tell everybody to do the same.

[Byebyebtc]

Its true that bitcoin its a place you can take your savings to rather than saving with your local currency, but dont forget That you still have to keep emergency savings as well, you dont have to put all your savings into bitcoin, because in case of emergency you will end up selling it.
And bitcoin is a long term investment, you are not supposed to if you seek good results you will have to wait longer, and you dont have to sale your coin early because of circumstance, so when investing also remember to keep your savings in your local currency for emergency,

[DYOR+BTC]

Its true that bitcoin its a place you can take your savings to rather than saving with your local currency, but dont forget That you still have to keep emergency savings as well, you dont have to put all your savings into bitcoin, because in case of emergency you will end up selling it.
And bitcoin is a long term investment, you are not supposed to if you seek good results you will have to wait longer, and you dont have to sale your coin early because of circumstance, so when investing also remember to keep your savings in your local currency for emergency,

Apart from having emergency savings, the need for not saving much in bitcoin should be properly considered because of the vulnerability of bitcoin, its a digital asset that could loss its value at any point In time if been influenced by political,economic and other factors capable of crashing its price.
Am not of the opinion that bitcoin may loss its value soon but the need for introducing full consciousness on every investment should be considered a necessity because bitcoin's vulnerability can be an architect of once source or failure depending of luck

[mustapha67]

As a newbie, I have little knowledge about Bitcoin. I am yet learning to understand the economic security of Bitcoin. Therefore, I will soon find out how safe it is, though for the few weeks I am here, I should believe that Bitcoin is a safe house.

However, I need to know more about it. I am seriously learning to understand the economic strategies, and principles necessary for investment. Afterwards, I should be able to invest more in Bitcoin.

[Yablee0]

Bitcoin has always been a safe place and a reliable hands in storing our funds right from  time of it invention, over the years many folks that consider bitcoin as one of their investment plan has seen beyond reasonable doubt how helpful and profitable it has been to their financial life, however saving them from the stink of inflation and the persistent disvalued of our local naira note.

Furthermore, Any crypto investors that haven't invested yet in bitcoin is missing out alot because their are more in stock to benefit from it, and it better you do the needful now that their is still time than to be a procrastinator that will always want to place blame on someone for is own actions.

[Princess Leah]

 OP, your point is very valid, we all know how safe and secured it is so store our Bitcoin in a good wallet and secure our keys and phrases, I want to also add that Bitcoin is a store of value for generational wealth since it has the ability to multiply whatever amount is being stored in it over time, but it's only for those who can be patient enough to save their money in it and hold for a longer period.

 Although some people mistake it for a get rich quick scheme whereby they can invest money in it over a short period and take profits quickly, yes most people get lucky to invest when it's down and quickly take profit after some pump but it comes with lots of regrets  because with time they'll realise that the little profits they rushed to collect would've given them more money in the future. Bitcoin has proven be very safe and more profitable for long-term investment so people shouldn't be scared of securing their money with it, it's like carrying your own bank of investment in your pocket just by having a device.

[sotelorene]

Bitcoin is a decentralized digital currency which most individuals here are aware of, but are you also informed that bitcoin is also considered a safe house as well? Now most of us know what a safe house is, a dwelling used for taking shelter against external threats, how does this relate to bitcoin some may ask. One of the reasons why bitcoin was created is as a safeguard against inflation unlike other traditional financial assets that are vulnerable to devaluation. Yes it i an investment source but you can also consider the coin as a safe house against inflation of local currency. So rather than saving that your money in the bank as things increase the value of that saved money will reduced, but why not make good use of bitcoin, might not solidly be on investment purposes but also as a place to save your money and protect it against inflation, you will come to notice that it will actually add value instead of decrease in value,. Bitcoin is not all about investment the asset can be used for whey more different reasons we might not even know about, but the once we know about lets use it and use it to the fullest it will only benefit us.

You are absolutely correct Bitcoin is a place we can save our money but op no be every money dem dey save for Bitcoin and I believe this advise to save our money for Bitcoin no dey apply to everybody because e get people wey no get enough to save for Bitcoin and mind you the money wey person fit put for Bitcoin na the money them no go need use or touch for some period of time and so e get people wey their money na just from hand to mouth and e get people wey get small to use eat and keep small for bank and these kind of people no go fit save anything for Bitcoin because if they try am, them go so much regret am because them go need the money anytime and Bitcoin no dey only go one direction rather e dey go up and down and imagine they need when e don go down.

[AmaGold70]

Bitcoin is a decentralized digital currency which most individuals here are aware of, but are you also informed that bitcoin is also considered a safe house as well? Now most of us know what a safe house is, a dwelling used for taking shelter against external threats, how does this relate to bitcoin some may ask. One of the reasons why bitcoin was created is as a safeguard against inflation unlike other traditional financial assets that are vulnerable to devaluation. Yes it i an investment source but you can also consider the coin as a safe house against inflation of local currency. So rather than saving that your money in the bank as things increase the value of that saved money will reduced, but why not make good use of bitcoin, might not solidly be on investment purposes but also as a place to save your money and protect it against inflation, you will come to notice that it will actually add value instead of decrease in value,. Bitcoin is not all about investment the asset can be used for whey more different reasons we might not even know about, but the once we know about lets use it and use it to the fullest it will only benefit us.

Everything you have said still boils down to Bitcoin investment if you ask me, I don't advice anyone to save money in money just in the name of saving your money from devaluation because you go cry blood as we all know how the price of Bitcoin goes down dramatically sometimes and you are bound to be at lost if that happens. Bitcoin may be a decentralized currency but it also volatile in nature and if you are putting your money in Bitcoin just because you feel it's a safe house to store money rather than investing then I suggest you leave your money in Fiat currency because you can't compare both when it comes to inflation and if you choose Bitcoin just be ready to watch your money go down most times and up some times.