And then when the country you live in declares bitcoin as "outlawed" then what are you going to do? Leave the country?

Logically speaking to reduce the risks associated with speculative assets, one should not put their entire portfolio in one which seems to be safe. In that way in case the above scenario happens you still have other investments to look forward to. [1]

But then if the scenario happens in reality, free speech groups will start rallying - still depending on your country things might vary.

---

[1] Note that by other investments I do not mean Altcoins. Rather fiat markets of your choice.

Judging from your username, India I presume? Well I know the situation here, bitcoin is still a grey area but the exchanges are working with the government to make sure the bitcoin awareness increases among the youth here, which is a good thing.

Even if bitcoin has its own bulls and bears, i still think that bitcoin is a safe haven not just a currency but more of an asset. Its a good store of value that we can keep for long term even if we know volatility will always be present.

And bitcoin will never be safe of course if you can't be more responsible in keeping it. Once you have your private key, keep it in your hard storage. As long as never share the password, it'll always be safe. Safer than what we have experienced in banks.

BTC is a pretty good cryptocurrency that can be invested for a long time. In terms of technology as well as a very strong community, currently BTC is one of the most popular coins and is noticed by many big investors, in the future I believe that BTC will be the safest investment place.

Right, till now you will not get any other good way of investment which one is considered as safe haven. For bitcoin, it is super volatile if you compare it with well-known competitor Gold. if you can ignore this volatility problem then you will get bitcoin as the best safe haven in the world. Ignore the volatility then bitcoin is more profitable for long-term holding rather than Gold.

Bitcoin users have complete control over their transactions, it is impossible for sellers to make unwanted charges or get noticed as is the case with other payment methods. Payments with Bitcoin can be made without providing personal identification for the payment process. This provides strong protection from identity thieves. Bitcoin users can also protect their money with backup and encryption.

Bitcoin is extremely positive within the crypto market the worldwide blockchain project is presumably to eventually reach 1,000,000 dollars per bitcoin price because people are losing faith in government currency. Coronavirus is accelerating the decline in economic process there's no banking industry in bitcoin transactions. there's an immediate peer-to-peer exchange between two users online electronically. a way called cryptography is employed to secure transactions.

Bitcoin is already a safe haven for the banking system. The added scarcity, high-level of security, and censorship-resistance, makes Bitcoin the best sound money the world has ever seen. That is of course, if you use Bitcoin regardless of its price relative to Fiat. But most people measure Bitcoin's value relative to Fiat, greatly defeating its purpose as a safe-haven asset.

One thing for sure is that volatile prices on the market makes Bitcoin a terrible store of value. You'll never know when your Bitcoins will be worth zero if all goes down the drain in an instant. Not like Gold, where its price is relatively stable. If it wasn't by that, Bitcoin would've replaced Gold already. Volatility might no longer become an issue if the market becomes more regulated. Higher liquidity should stabilize crypto prices relative to Fiat. At least, Bitcoin works as intended by being a decentralized cryptocurrency anyone can use worldwide without any restrictions whatsoever. As long as we have an alternative to the current banking system, nothing else matters. Just my opinion

Bitcoins investment is risky and it was not safe at all due to its volatility. And you can never change that stance as there is no way also to stop its volatility. I'm sure you will disagree with me but it was not an issue nor I'm making this a big deal because some just realize it once they experience losses. And sadly, I'm on this bad experience. But I'd never have to blame the market as it was my decision to invest in crypto and in Bitcoin. So if we think it was a safe haven, that was your or their thinking, but for me, it was not.

So just invest the money that you can afford to lose so no more regrets to happen if ever there something wrong happen on you.

It would be safe if indeed the banking system could adapt to all the characteristics of Bitcoin, but here's the problem can banks do that? I think it still considering a lot of things related to Bitcoin decentralization and price fluctuations. What is clear is that Bitcoin is a safe haven for humans, when they want to make a profit, especially in terms of investing or just keep it with the aim of saving money so that it is not used excessively, because in the long term, of course, it can still promise opportunities at higher prices.

Why you should be worried? The impact lasts in a short time, maybe around a few weeks. After that, the Bitcoin price will be increasing again. It is normal if there are FUDs or more supply in the market, the price tends to drop a moment. But it won't last a long time (not for years), then the price will increase again gradually. Moreover, if there is positive news about Bitcoin, the price will increase easily.