This, this, and even more, this.
Whatever your reservations about cryptocurrency, the technology does exist now that you can send the lion's share of your wealth overseas to a more stable country should your country become volatile and your currency crash. Just think about white South African Farmers and what a tool this is to them.
Admittedly, it's not everyday your government tries to confiscate currency or implement currency controls on your country, but there's a chance, and thus why cryptocurrencies play more of a role like insurance than it does speculation or commodities.
You don't need a lot. You just need some, much like I recommend every person should have 200 ounces of silver. The only problem is just what an infernal pain in the ass it is to buy and sell bitcoin or other cryptocurrencies.
Still, a lot less calories of energy than it would be if you had to rebuild your entire life time wealth.
On a related note - I also said this years ago, but went even further saying paying off debt should be a qualified "contribution" to your 401k or IRA.
I don't know Captain. Some governments have been cracking down on these currencies. Remember the Liberty Dollar? The feds shut him down by declaring his stuff counterfeit when it was no such thing. Can't have us serfs competing with the system.ReplyDelete
Im a big fan of Caps. Got two bumper stickers of his on my truck. I have to agree with A Texan here though. In my locale Bitcoin is tracked and requires some serious technical conscientiousness to avoid getting your cryptocurrency taxed or taken. One mistake can lead to a tax evasion/fraud charge from the state and federal authorities. That means hite collar jail time.Delete
P.s. Its also illegal to be caught working for Academic Compositions as well here.
P.p.s. A positive of this is understanding a 100 IQ Normies behaviour better.
Got any skin in the game, Cap?ReplyDelete
It can be a great tool even for father that are facing divorce. You just need to play it smart and wait.ReplyDelete
Here we diverge. I have BTC but only for transactional purposes. But I would not 'hold' BTC as a storage of long term value. Way too many 'whales' still in the BTC waters.ReplyDelete