Topic: How are doomsday preppers using BTC in their plans? - page 3. (Read 4347 times)

Well well well.. this is good infor for me.

Here we go, potentially cheap bug out locations... http://www.cbc.ca/news/canada/montreal/caribou-hunt-industry-collapse-still-haunts-northern-quebec-1.2879442

This is the doomsday that I see most likely happening. When our debt bubble cannot pop, there will be consequences that are hard to predict.

As much as I love bitcoin I'm not sure it would do well in this scenario. Things like gold / precious metals and other physical items that can be traded will succeed. Even food would become the most expensive commodity so maybe that will become a currency.

It totally depends on what the "doomsday" is.  Doomsday implies the entire world takes a shit.. at that point guns and numbers become king to think other wise is just utterly silly.

If we are talking just the economic collapse of Merica BTC might be an amazing way to ensure you do not go broke..

Instead of BTC I would consider copper or gold.

Throughout history there are several cases of localized collapse of civilization. Can you point to an instance where all at once, the whole world was met by an event that affected every civilization?

I see the US on the verge of collapse so I got out of there. I am in Europe now just because that was not such an extreme transition from the US.

But my 5 year plan involves buying a catamaran sailboat living anywhere. Getting used to being mobile and figuring out the ins and outs of getting services without a residence will help.

Mogadishu.

From what I can glean from your average doomsday type is that they all tend to be basically anti-technology. They don't mind using it now for attention etc but they are expecting to live in a world where all the present systems have collapsed, aren't they?
I try not to listen to obvious crackpots (unless they're funny) but I've met a few survivalist types who intend to live off the land. Computers ain't comin' supposedly.

I'm not trying to be cheeky, but I'm really curious. Where would you go if we are faced with civilizational collapse? How would bitcoins help when bartering is probably the way to survive?

seriously? after a (proper) doomsday, you would probably suffer hunger and thirst for long time and maybe radiations and all kind of shit. btc (and any other currency) would be at that point worthless since all markets are not there anymore. In that scenario humanity would focus on basic things to survive.

seems like you never suffered hunger in your lives to know how it feels, how your mind change and how people become more close and helpful and fucking money suddenly have no sense anymore

Agreed. If the net goes down we're obviously screwed. It would be interesting to see what would be used as money in a scenario like this. I guess fiat would still be better but with complete economic collapse it would likely go back to a bartering system.

Yah god forbid you had any unpaid bills if society collapsed

I might want to buy a submarine with BTC but I dont think ill ever have that much.

I am somewhat a prepper.

Many people choose different approaches, some look to hunker down where they are so they can "wait things out", others have a bug out bag with a plan for where they will go if something happens.

I chose another approach, mobility. I have minimized my life to the point where I can carry everything I own in a carry on and backpack. I left the US and make sure that I am not tied down anywhere, my apartment has no lease, I have no utility contracts, my cell phone is prepaid. Sure, if something bad happened unexpectedly I would not be much better off than anyone else. But I think, just like MtGox, the signs will be there that I need to get out. With nothing holding me back I will be more likely to pick up and move and can do so at a moment's notice. I am becoming a global citizen where I can go to where there is the least amount of tyranny.

How does bitcoin help? I have all of my money with me, hardware encrypted, software encrypted with several passwords to go through before you can reach my bitcoins. No need to open bank accounts, establish a residence, etc.  With localbitcoins I can get cash to pay my rent and buy food/gas.

Some jews made it out of Germany before the SHTF, some Russians got out of the USSR before the rise of communism, I will be one of those people that gets out early.

Pfft, I don't think there will be a doomsday, chaos certainly, but the only people it will be a doomsday for is those who use this era of paper currency to maintain their current lifestyle

This is wrong in many aspects.

going to use btc to buy as much alcohol as i can

Bitcoin falls faster than fiat if global disaster occurs 

All currencies will lose value in a doomsday event. Paper money will only be worth as much as regular paper to light a fire with it.
BTC won't be important either, but would possibly when mankind starts rebuilding.