111 posted 3 years ago by koalakingdom 3 years ago by koalakingdom +111 / -0 96 comments share 96 comments share save hide report block hide replies
I am a very old school person and I do not believe in cryptocurrency, personally. If all the computer systems crash, how would you get that back? I know it's all the rage and I'm probably missing out but I can't help feeling uncomfortable about it.
At this point, how do you get dollars back if the system crashes?
You don't which is why I keep telling my hubby, "silver, silver, silver"!
That's what emergency cash funds are for. You should always have a minimum of $5000 in cash available.
The problem is if all systems go down for an extended period of time, no one will be able to accept credit or crypto, but they may still accept cash.
That's as silly as saying the same thing about the stockmarket. You think your stocks and 401k are printed off anywhere?
I don't think you'd be able to, but at least the banks are insured lol as if that really matters when they world is collapsing around us.