Exactly what wakeupworld said, if the power is out world wide then worries about bitcoin is pointless as there will be much larger problems. Problems shift to survival and not whether a currency is available.
Electricity has only been a thing for 120 years. However did we survive as a species prior to that? 🙄
Assuming you were raised properly, survival in a non electric world is dead simple, especially if you have money that doesn’t need electricity or the internet to be used.
No one in the west alive today has lived without electricity, and you think things would be hunky dory because people 100 years ago lived without power?
Yes for some it would be ok, maybe even for many, but mostly it would devolve into a huge problem in the short term. All the city dwellers would leave to the rural areas looking for food and it would literally be a fight for survival. People today are not equipped to live without electricity.
I hear your argument for precious metals and I have them as well. Metals would come into use a bit later after the initial shock. Sure then it would be ok, but the first few months would be mayhem and I don't think people would be that concerned with bitcoin. I have bitcoin, and I know exactly where my focus would be in a grid down scenario. BTC would be very low on my priority list. Defense of my family and property would be #1.
The thing is, once the power is out it is gonna be too late to use money, in any form, to save you. You are supposed to be making those preparations now.
Right? That argument of power outage is stupid...
How is it stupid? Can you access your crypto without power?
Exactly what wakeupworld said, if the power is out world wide then worries about bitcoin is pointless as there will be much larger problems. Problems shift to survival and not whether a currency is available.
Electricity has only been a thing for 120 years. However did we survive as a species prior to that? 🙄
Assuming you were raised properly, survival in a non electric world is dead simple, especially if you have money that doesn’t need electricity or the internet to be used.
No one in the west alive today has lived without electricity, and you think things would be hunky dory because people 100 years ago lived without power?
Yes for some it would be ok, maybe even for many, but mostly it would devolve into a huge problem in the short term. All the city dwellers would leave to the rural areas looking for food and it would literally be a fight for survival. People today are not equipped to live without electricity.
I hear your argument for precious metals and I have them as well. Metals would come into use a bit later after the initial shock. Sure then it would be ok, but the first few months would be mayhem and I don't think people would be that concerned with bitcoin. I have bitcoin, and I know exactly where my focus would be in a grid down scenario. BTC would be very low on my priority list. Defense of my family and property would be #1.
The thing is, once the power is out it is gonna be too late to use money, in any form, to save you. You are supposed to be making those preparations now.