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It was at just under 30k like a month ago and it’s about to hit 50k. Speculators say it’ll go past 100k before the end of 2021.

I’m failing to see the value in holding the coin if the global economy tanks, but maybe one of you guys can enlighten me.

What’s going on? Am I dumb for putting most, (got a little crypto), of my money in assets and commodities instead?

It was at just under 30k like a month ago and it’s about to hit 50k. Speculators say it’ll go past 100k before the end of 2021. I’m failing to see the value in holding the coin if the global economy tanks, but maybe one of you guys can enlighten me. What’s going on? Am I dumb for putting most, (got a little crypto), of my money in assets and commodities instead?

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[–] • 0 pt

if that happens, we will be trading with bottle caps. :joy:

  • I do agree with you though. however for real life scenario, look at Venezuela again. they ARE using crypto instead of fiat, because it works for them.

Oh, and when I say BTC/Bitcoin, I mean any self sustaining crypto currency.

I do not have all the answers to all the questions, but like any investment, or hedging (for want of a better term) against future catastrophe, many eggs, many baskets.

if I were advising my child? I would say get some gold, get some land, get some crypto, get a gun, grow food, meat, self sufficiency and good security at the house that does not require power to run.

Do I follow this? no, it is hard.

Best thing would be to make a community of people that can do all of this now, and localize your economy. then there is no real reliance on external fiat or otherwise.

I do it now, where I need feed for my animals? local fodder store provides it free, while I provide him with services I provide.

[–] [deleted] • 0 pt

But Venezuela still has access to the internet right?

I agree, not a bad idea to diversify your portfolio, and crypto is a good way to do that. But its still gambling that the system doesnt collapse.

Becoming self sufficient is definitely the way to go...I just wonder how long our new communist government will allow it.