Why you should buy Bitcoin (and crypto) for times of crises or armed conflicts

in #bitcoin6 years ago

Let's start with why I use Bitcoin in the headline and not crypto in general. It's simple, there is nothing this decentralized in Governance structure except Bitcoin - that is at least my point of view. If you disagree with me, feel free to interpret the following for crypto in general and see whether it works or not.

Bitcoin is not appreciating in value - wait what?

This is something I don't want to go into too much detail. However, you can either believe that the value (quantified in the price) of bitcoin increase or you turn this idea around.

There are people that view the world differently saying that the value of FIAT is decreasing. You notice this in the way they talk as if Bitcoin is the new "stable" index with 21 Million coins. There statement is actually true, because our world currencies are and were printing money like crazy over the past decade.

Yes, there are also other factors playing into account as ease of use, fees and "branding" etc., but I believe the depreciation of FIAT is a key factor.

** Not for the lambo - but security for emergencies and crises**

Now this is the reason why I believe everyone should own some Bitcoin (if not for yourself at least for your families safety). All of us in western countries have lived through stability and prosperity over the past decades. However, this does not need to stay like this at all, and history taught us this.

What I mean by this is not necessarily a (world) war or tsunami on the west coast, but rather the collapse of a currency or regional turmoils.

1. Collapse of currencies

Over the past decades e.g. Argentina's economy faced years of depression which lead to turmoil and alternative currencies as the Peso lost most of its value. Someone HODLING Peso during this time lost big time, while someone owning bitcoin wouldn't but actuallt wuite the opposite increase value. The larger a currency in turmoil is, Bitcoin gains more value in return.

Yes, you can also own different global currencies for security reasons, but what happens when the dollar collapses to which most currencies are linked?

Bildschirmfoto 2018-04-20 um 22.21.12.png

2. Regional turmoil/crises

In 1992, Serbs and Croatian troops began the genocide in Bosnia & Herzegovina. After decades of Serbian, Croatian and Bosnian citizens living peacefully doorto door, suddenly neighbors were attacking each other. As Bosnia was never allowed to have it's own military during the time of Yugoslavia, this was nothing else but a genocide. Everyone tried to flee the country…

Now, imagine this scenario from your perspective currently:

You lose your home, most of your stuff stays behind, your car might have to stay as well, your money/saving lost all it's value, and so on and so on.

The only thing that helps you in such a situation is food, warm cloth (tent) and alternative currencies as gold or bitcoin.

Don't only dream of the lambos, think of your family and being prepared for every possible scenario.

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