Bitcoin just sunk massively in value. It didn't maintain like many said it would, and has quite a few bigwigs jumping ship, which is only exacerbating the sell-off.
It's looking more likely that Bitcoin was a massive slush-fund operation to give bank embezzlers a backdoor out of the fiat currency system. After they liquidate, Bitcoin could literally just disappear like dust in the wind, and all the ill-gotten gains with it.
Don't let the enemy decide the value over anything truly valuable. They've been manipulating every market for centuries, metals will soon make a massive dips where they say it's worthless and you with your mentality is gonna panic sell.
What they don't tell you tho is the fact that this dip is just temporary, it's the event where metals return to it's true value, which is a lot higher than today's value. But because you let the enemy decide a fake value which you trust, you'll end up with worthless papers, in your pod, eating bugs and owning nothing.
I'm investing in neither precious metals nor crypto.
I've been putting my money in hand and power tools.
When shit hits the fan, and you need to buy a loaf of bread, you WILL NOT be able to buy it with a gold coin or crypto and get your money's worth back out of it.
Your average layman does not know what a crypto, gold or silver coin is worth.
They will, however, know the value of a box of nails when they need to board up their windows to protect from a crowd of crazed ANTIFA/BLM throwing bricks at their house.
That box of nails will be worth far more than crypto, gold, or silver coins.
I have saws, drill braces, portable miniature grinders and sawzalls, pocket knives, pencils, tape measurers, hatchets, tons of wrenches, PVC, wood boards, temporary shelving, containers like milk jugs and plastic boxes, tons of glassware, a stack of dried firewood, shovels, hoes, rakes -- I put all my money in these things.
No matter what happens, the above WILL maintain their value. All can be traded right now for what they're worth.
A gold, silver, or crypto coin? I can think of no merchant or even person outside a pawn shop who even has a narrowly close clue as to what their actual worth is.
When the game is rigged all to hell, the only thing that has value is what will put food on the table. Tools, hardware, and storage is the way to go in my book. All those are Great Depression proof assets.
I've been putting my money in hand and power tools.
I'm gonna stop right there, this is basic preparation for a SHTF situation, anyone with a brain should have that mindset. Question is, are you gonna let them rip you off while waiting for this SHTF situation that may or may never happen? Until then crypto and metals is just as relevant.
while waiting for this SHTF situation that may or may never happen
Everything I have still has the exact same resale value as if I purchased it any other time in history.
Go buy a loaf of bread with a crypto coin or a gold coin. Go, do it. Tell me how much value you can get out of it.
Until then crypto and metals is just as relevant.
Such assets have never been relevant in your lifetime. They're just fuzzy money no one has any idea the value of. Everyone I know who invested into crypto has lost a minimum of $5000. Some bought in on the ground floor. A guy today just told me Bitcoin is a third the value of its high.
Gold and Silver are paperweights right now. They may be useful if we go back on a gold standard, but they're worth less than eggs right now because you can't buy eggs with them right now.
I see things for their inherent value, not their assumed value. If I can fell a tree, hew a board, and trade the board, a hatchet, saw and plane have the value of hundreds of hewn boards.
I can do nothing with a USB loaded with crypto or a gold coin. Until they are transmuted into something of worth, they are paperweights, and bad ones at that.
At least Gold and Silver make good conduits if I need to melt them down for wires. I can't even do that with crypto.
As far as I'm concerned, crypto, whether it started legitimately or not, is nothing more than a Bank-run exit plan from fiat currency. And they just tapped out, as demonstrated by it's sudden and unexpected decline in value despite everyone's predictions. The "it can only go up" folks just showed their ass, and you're not gonna convince me to buy on a dip where the minecart rails end abruptly pointing into a pit.
I'm not "missing out" because I'd simply rather invest in what I can trade out any day of the week, zombie apocalypse or no. People will always need tools. The Capitalist in me knows you can buy a house starting with a traded paperclip. That's where I put my money.
Bitcoin just sunk massively in value. It didn't maintain like many said it would, and has quite a few bigwigs jumping ship, which is only exacerbating the sell-off.
It's looking more likely that Bitcoin was a massive slush-fund operation to give bank embezzlers a backdoor out of the fiat currency system. After they liquidate, Bitcoin could literally just disappear like dust in the wind, and all the ill-gotten gains with it.
Or it won't.. and it will go up again.. just like every other 'bitcoin crash' before it. It's amazing technology and it is not going to go away.
Don't let the enemy decide the value over anything truly valuable. They've been manipulating every market for centuries, metals will soon make a massive dips where they say it's worthless and you with your mentality is gonna panic sell.
What they don't tell you tho is the fact that this dip is just temporary, it's the event where metals return to it's true value, which is a lot higher than today's value. But because you let the enemy decide a fake value which you trust, you'll end up with worthless papers, in your pod, eating bugs and owning nothing.
I'm investing in neither precious metals nor crypto.
I've been putting my money in hand and power tools.
When shit hits the fan, and you need to buy a loaf of bread, you WILL NOT be able to buy it with a gold coin or crypto and get your money's worth back out of it.
Your average layman does not know what a crypto, gold or silver coin is worth.
They will, however, know the value of a box of nails when they need to board up their windows to protect from a crowd of crazed ANTIFA/BLM throwing bricks at their house.
That box of nails will be worth far more than crypto, gold, or silver coins.
I have saws, drill braces, portable miniature grinders and sawzalls, pocket knives, pencils, tape measurers, hatchets, tons of wrenches, PVC, wood boards, temporary shelving, containers like milk jugs and plastic boxes, tons of glassware, a stack of dried firewood, shovels, hoes, rakes -- I put all my money in these things.
No matter what happens, the above WILL maintain their value. All can be traded right now for what they're worth.
A gold, silver, or crypto coin? I can think of no merchant or even person outside a pawn shop who even has a narrowly close clue as to what their actual worth is.
When the game is rigged all to hell, the only thing that has value is what will put food on the table. Tools, hardware, and storage is the way to go in my book. All those are Great Depression proof assets.
I'm gonna stop right there, this is basic preparation for a SHTF situation, anyone with a brain should have that mindset. Question is, are you gonna let them rip you off while waiting for this SHTF situation that may or may never happen? Until then crypto and metals is just as relevant.
Everything I have still has the exact same resale value as if I purchased it any other time in history.
Go buy a loaf of bread with a crypto coin or a gold coin. Go, do it. Tell me how much value you can get out of it.
Such assets have never been relevant in your lifetime. They're just fuzzy money no one has any idea the value of. Everyone I know who invested into crypto has lost a minimum of $5000. Some bought in on the ground floor. A guy today just told me Bitcoin is a third the value of its high.
Gold and Silver are paperweights right now. They may be useful if we go back on a gold standard, but they're worth less than eggs right now because you can't buy eggs with them right now.
I see things for their inherent value, not their assumed value. If I can fell a tree, hew a board, and trade the board, a hatchet, saw and plane have the value of hundreds of hewn boards.
I can do nothing with a USB loaded with crypto or a gold coin. Until they are transmuted into something of worth, they are paperweights, and bad ones at that.
At least Gold and Silver make good conduits if I need to melt them down for wires. I can't even do that with crypto.
As far as I'm concerned, crypto, whether it started legitimately or not, is nothing more than a Bank-run exit plan from fiat currency. And they just tapped out, as demonstrated by it's sudden and unexpected decline in value despite everyone's predictions. The "it can only go up" folks just showed their ass, and you're not gonna convince me to buy on a dip where the minecart rails end abruptly pointing into a pit.
I'm not "missing out" because I'd simply rather invest in what I can trade out any day of the week, zombie apocalypse or no. People will always need tools. The Capitalist in me knows you can buy a house starting with a traded paperclip. That's where I put my money.