nope. in a truly survivalist situation the internet will be toast. no one will want anything virtual.
and the same goes for gold. gold's valuation is an abstraction possible due to a functioning society so all these survivalists are morons for holding it. it has no intrinsic value. there won't be any industry using it. who the hell wants jewellery if you can't feed yourself?
the only currency anyone will accept is food, mediciine or weapons and ammuntion - the stuff you actually need to stay alive.
Topic: Bitcoin for Survivalists - page 2. (Read 245 times)
Bitcoin can be compared to the digital asset which real purpose is still not recognized by the many people. It has brought new technology that is utterly neglected because the investors are looking at this supreme coin only as a mean for their desired profit. Right now the fluctuations that are destroying the main purpose of the Bitcoin and also the high transactions are ruining the reputation in slight moves.
Gold, on the other hand, is a reputable currency which is tax-free. It has made the standards as a physical currency Although it is traded online the physical asset of gold cannot be taken or destroyed in the process of some harder damage that could delete the online cryptos.
There are no rules in the market world and the Bitcoin can achieve the value (in the different measurement and not in the pounds) that the gold has now. Gold is safer for your investment but the Bitcoin is good as the asset which can pump your invested bankroll and we can call that an antecedence right now.
Gold, on the other hand, is a reputable currency which is tax-free. It has made the standards as a physical currency Although it is traded online the physical asset of gold cannot be taken or destroyed in the process of some harder damage that could delete the online cryptos.
There are no rules in the market world and the Bitcoin can achieve the value (in the different measurement and not in the pounds) that the gold has now. Gold is safer for your investment but the Bitcoin is good as the asset which can pump your invested bankroll and we can call that an antecedence right now.
The only person I have ever met who invested in physical gold (coins) on an ongoing basis was a survivalist who basically kept them under his bed with the aim of bartering them when the system broke down.
It is possible to invest in gold funds etc., but many people like to physically possess it.
Could Bitcoin overtake gold on this basis i.e. an asset you alone control without having to keep it under your bed?
It is possible to invest in gold funds etc., but many people like to physically possess it.
Could Bitcoin overtake gold on this basis i.e. an asset you alone control without having to keep it under your bed?
Actually, invest in gold are really worth to do, its just need a long time just for a profit.
Meanwhile here, bitcoin become a celeb just because its bubble, and people prefer a more faster way of getting a profit right ?
Bitcoin couldn't overtake the gold. It never be. Actually still too much worst case of bitcoin that could be happen in future
In real world BTC isn't able to compete with gold, but in digital world BTC constantly overtakes gold.
Today gold bar of 1 Kg costs about 44000$, and I'm pretty sure that 1 BTC will reach this peak in less than two years.
Easily could and my view is we are heading towards this everyday. Bitcoin needs to have roughly a 400k market cap to have the same market cap as gold and many in the industry think that is achievable long term. Let say this happens and in 10 years bitcoin is worth more than that then at that point people may tuck some under their beds for "safe haven". However, I would also argue that Bitcoin doesn't need to reach 400k for people to believe in it as a safe haven as little as $25 dollars may be your safe haven if you are in a country like Venezuela you will likely have a paper wallet or just remember your 12 word seed in your brain.
The only person I have ever met who invested in physical gold (coins) on an ongoing basis was a survivalist who basically kept them under his bed with the aim of bartering them when the system broke down.
It is possible to invest in gold funds etc., but many people like to physically possess it.
Could Bitcoin overtake gold on this basis i.e. an asset you alone control without having to keep it under your bed?
It is possible to invest in gold funds etc., but many people like to physically possess it.
Could Bitcoin overtake gold on this basis i.e. an asset you alone control without having to keep it under your bed?
Actually, invest in gold are really worth to do, its just need a long time just for a profit.
Meanwhile here, bitcoin become a celeb just because its bubble, and people prefer a more faster way of getting a profit right ?
Bitcoin couldn't overtake the gold. It never be. Actually still too much worst case of bitcoin that could be happen in future
The only person I have ever met who invested in physical gold (coins) on an ongoing basis was a survivalist who basically kept them under his bed with the aim of bartering them when the system broke down.
It is possible to invest in gold funds etc., but many people like to physically possess it.
Could Bitcoin overtake gold on this basis i.e. an asset you alone control without having to keep it under your bed?
It is possible to invest in gold funds etc., but many people like to physically possess it.
Could Bitcoin overtake gold on this basis i.e. an asset you alone control without having to keep it under your bed?
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