You are viewing a single comment's thread from:
RE: Cryptocurrencies crash!? Don't worries. Let me tell you what will happen next.
Welcome to the Steemit community. I joined yesterday. The picture of the nuclear blast caught my attention. I think cryptocurrencies are very intriguing and although some would say they would be worthless after a cataclysmic event where there were power failures and internet disruptions, I believe they are worth a second look and wisely investing into them. I upvoted your post and will follow you to learn more about this revolutionary technology and how it can benefit me, my family, and friends.
Glad to see a prepping user, I will be following!
In a grid-down scenario, digital anything would definitely be a problem.
However, in 2018, in a bank run, being able to digitally zero out your bank account into a digital currency from your laptop might just save it from being lost if the bank closes or confiscated by the government. And would save you from joining other rioters in the street trying to get their cash out of the bank, which will not be possible (banks only have about 10% of all deposits on hand in cash). What do you think?
We must always remember that the grid is quickly become less reliant and will have less vulnerabilities. Always back up your wallets on ext device or cloud. And do not worry about grids.. Coinbase actually insures your currency.. So go with it.
I think you are spot on as it pertains to bank runs and rioters in the streets trying to get their cash out. The key is diversifying your assets so all the eggs aren't in one basket!
Plan for the worst and hope for the best! I agree that we all should be able to take care of ourselves in the event of an emergency. Look at Bitcoin in the same fashion: If there is good 'ole fashion run on the banks to withdrawl their money and the banks freeze all transactions (Greece). Or hyperinflation makes a $20 dollar bill (or $100 Bolivar if you live in Venezuela) worthless..
Your bitcoin is an instant bank account in which you can send your 'value' anywhere or to any currency you deem 'valuable'! I'm still in awe at the possibilities!!!
True that. Some experts are calling for a deflation followed by hyperinflation. Time to diversify the portfolio! Haha.
Remember you can put your bitcoins on paper and put them in your safe. That's even EMP proof.