Refusing to Adopt Bitcoin could put you in a "Venezuelan" like crisis!
Refusing to adopt Bitcoin (BTC) could cost you your life. I know that this seems like a radical statement but please hear me out. The chaos and free fall of Venezuela is staggering. Our lame stream media is not covering the true details. Black markets in food and currency swaps are exploding. Trips to neighboring Columbia are many which are trying to be thwarted. It is very difficult for the average Venezuelan to obtain Bitcoin now. In fact, many of the minors of BTC are in hiding since the Government has been confiscating all mining equipment. The time for Venezuelan's to have bought BTC was two or three years ago, way before the crisis began it's full swing.
The collapse of the Government and it's currency has effected everyone there. It takes over $107.64 to purchase Milk, Eggs and Bread in Venezuela. Do you have that kind of money? I sure do not.
But you are saying, Hey that is over there, that will never happen here in the U.S.A. Do not be so sure about that. The U.S. Dollar is loosing it's Global hegemony. Very soon, the U.S. Dollar will no longer be the world's reserve currency. When this happens, hold on to your hat. Life will change over night. The cognizant disconnect is great in the U.S. Too many people are economically illiterate and not paying attention to Geo Politics. The reset will be fast and deadly.
Now is the time to position yourself with a safety line by owning BTC. It is still affordable. Remember, you can buy portions of a BTC. People who own BTC in Venezuela are feeding their families, others are not. The best "insurance" you can have is to diversify against the Dollar. It is never a good idea to have all of your "eggs" in one basket. So why would you have 100% of your assets or wealth in one currency the U.S. Dollar?
Look, if nothing ever happens to the Dollar you can always sell your BTC. After all, it has been having fantastical gains. However, if there are troubled waters ahead for the Dollar, you and your family will be glad that you have a life raft called Bitcoin!
Great post. Needs to be seen and read. What's going on in Venezuela is not even in the main stream news. No surprises there!! full upvote and resteem!
Thank You very much. I am trying to help and educate people everyday. It is sometimes very frustrating. It is hard for me to get people to put down the Bud Light and the TV remote to listen to me. LOL
This post is dead on!
You have to one, diversify, and two, have some silver , gold, and especially cryptocurrency!
What's happening in Venezuela can happen anywhere, and the best bet right now is crypto currency.
You can hide it without walls, safes or anything.
They cannot confiscate it, and your wallet keys are yours.
At least I hope that's what everyone is doing!!
Great post!!!!
Thank You, I too have physical silver but yes, it is hard for them to confiscate crypto's . Glad you replied!
I recommend checking out Goldmoney also. You can purchase gold fractionally just like BTC. Also a debit card is available for liquidation as you need it.
Yes, that too is a good idea. Thanks for bringing that up
It takes a while to set it up, they just recently upgraded their infrastructure. It's great in the fact that you store gold in a vault of your choosing outside of the USA if you like. Talk about eggs in one basket.