BTCurious, I think your best bet is to diversify diversity diversify. My thought would be 25% cash, 25% bank euro, 25% bank USD, 25% bitcoin. If one or two fail, you won't be wiped out, and if USD or BTC shoot up relative EUR, you might come out ahead.
But also, keep in mind that currency "failure" is a loose term: if EUR drops by 50% vs. USD, people will consider it to have "failed", but it will still be useful paper to own.
Sounds reasonable. "25% cash" would still have to be cash in a certain currency though, and as such would only prevent against bank collapse. But in the event of a bank collapse my government ensures my savings up to a certain amount far above my current savings. So it might protect against a bank
and government collapse, but the Netherlands seems rather unphased in the euro crisis, based on some graph that floated in front of my eyes (I haven't read up on economics).
Then there's also the thing where I have no idea how to properly "invest in USD" or whatever, and it seems scary to do
anything with more than half of my money.
The best thing you can invest in is INDEPENDENCE. In knowledge, growing your own food, producing own energy, thinking without ait, being prepared for the worse.
Growing your own food etc…? I thought I lived in a Western country. Investing a large portion of my time in things like that seems so… pointless. Maybe that's my habits speaking.
No effect. People aren't gonna turn to bitcoins after whats happened to it.
I'm considering at least investing more. I don't have a lot of money, but maybe people with more money would consider it too.
Another sure consequence is that with a hypothetical return of national currencies in Europe, Bitcoin would immediately gain usefulness.
I'd hate to go back to this misshapen quilt blanket of currencies… From a regular civilian point of view, the euro has been really convenient. Mark, Drachma, Guilder, Francs… Thanks but no thanks.
