This can happen to all of us ??
(media.greatawakening.win)
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I know most of y’all are anti crypto but THIS is exactly its purpose....(and don’t go off saying it’s fake built on nothing.... imho you’re talking about fiat since we left the gold standard and at least crypto has set rules can’t be inflated etc etc) - and most importantly no centralized “trust” authority where you have to hope won’t screw you over....
Another example.... no matter what your opinion on wiki leaks.... I’d assume we are all on the same page that the government shouldn’t have the power to attempt to shut down financial donations to the org in an attempt to shut them down... (something that bitcoin was able to circumvent)
Don't forget about physical Gold/Silver. No one can take your physical precious metals in your own possession from you.
Finite assets like bitcoin and precious metals are safer than savings accounts in the event of the economy crashing, which is highly likely under Pedo Joe, and they also protect against being financially deplatformed.
For practical day to day living though, we still need a checking account as well.
^^^???^^^
You have to go with the average with crypto, yes there are a few disadvantages but we're going to kick the enemy's ass with it. It will naturally fluctuate wildly on its way up because the people getting involved are getting bigger and bigger. Huge buy ups and sell offs scare the herd one way and the other but it still outperforms gold on average. El Salvador just replaced their Central Bank with Bitcoin. The tug of war will be wild but we will smash the centralized banking system.
https://www.reuters.com/world/americas/el-salvador-approves-first-law-bitcoin-legal-tender-2021-06-09/
My bank account was frozen how much of my stable USD can I spend? ?
There are tether coins out there that are pinned to the USD value
I am not sure however if they are in anyway resilient to censorship like Bitcoin
Some companies are working on a debit card that links to your crypto wallet so you never have to be beholden to a bank account again.
Venezuela (i believe) just made bitcoin legal tender And cardano has an agreement with the African government that is worth checking out.
LOL!
USD stable?!
Isn't inflation up 6.6% across everything?
That said, Tether, DAI, and other stable coins that are linked to the dollar would be your best bet.
Also even though BTC dropped 30k, it's still up. Especially if you invested in it awhile ago.
There are 'stablecoins' out there which are linked to the value of the dollar. USD Coin (USDC) and Biance Coin (BUSD) are two options.
Anything linked to the dollar is inherently unstable while Pedo Joe is in charge. The dollar will crash under Pedo Joe. The first signs are already showing.
Still takes $30k to buy ONE bitcoin though doesn’t it? Now back up to $40k-right about true value of physical gold.
You dont have to buy a whole bitcoin, you can buy .1 and less im quite sure
Correct, I never implied that. Only stating how devalued the dollar is by how much gold is actually worth. I own a percentage of one bitcoin myself.
Not to mention the transaction fees that can vary. I think I lost about $300 in fees and another $1000 due to volatility. Though, the u.s. dollar is rapidly losing its value.