In situations like this, crypto really stands out as the safest option. When missiles start flying, you won't have a chance to grab your gold if you're not some big institution or part of the government. Just think about it large gold reserves won’t help you then!
Fiat money is on the brink of a collapse, and there are whispers that the British pound could be the first to dive since the UK is kinda on the outskirts of the market right now. It’s not surprising that the elites are letting Putin rattle the UK and London.
With crypto, places like London and NYC don’t hold the same importance anymore. The entire economy might soon depend on digital currencies. You can't bomb crypto; buildings and banks are vulnerable but not cryptocurrencies.
And considering the potential for tactical nuclear conflict, crypto could be the only way to securely hold your wealth. Your investments in physical stuff like cars or houses are at risk of being wiped out.
Bottom line is, if you're not into crypto, you're seriously risking being broke and having no assets.
In times like these, crypto is the ultimate safe haven
19 replies 483 views
SilentYieldSenior Member
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#2Apr 9, 2022, 05:56 PM
In fact, if war breaks out, these highly volatile assets are far worse than you might expect. We're not even talking about assets, but about survival. What's being used is tangible goods that you can easily use or exchange.
Have you forgotten how the initial incident, when Russia invaded Ukraine, caused the crypto market to worsen, not improve. Everyone was afraid and moved to places they considered safe. So don't misunderstand, because if that rocket killed your internet power or your technological facilities, it would be a different story.
Until there is internet and Electricity atleast somewhere in the world you have wealth.
If Europe in chaos the servers and computers still good in far away like australia.
And what about volatility or Market crash ? That's not the problem use usdc and usdt and your wealth stable, even better when world in full chaos dollar and usd stablecoins purache power will increase.
Because when markets crashing and debt bomb ticking all the world debt has to be paid by dollars it will create dollar shortages
And dollar and stablecoins value increased and eur gbp and others ones falling big against dollar.
No Wonder why they don't have UK £ stablecoins like USA have usdc and usdt because they know UK will collapse anyways
Bitcoin was below $25,000 when Putin declared the start of the war against Ukraine, but bitcoin is above $100,000 now in price. This makes me not to understand what you mean.
Bitcoin fell when the war began in Ukraine but it took less than 24 hours before bitcoin increased back and get above the price it was falling from.
SilentYieldSenior Member
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#5Apr 10, 2022, 07:07 AM
That's possible, but we must consider a clearly verifiable answer. In practice, it's not as easy as you say. Regarding stablecoins, we see the world from many angles. The dollar also poses major threats, such as hyperinflation. This could be a factor in considering stablecoins as collateral. At times like these, gold becomes highly sought after, as FIAT is easily printed and manipulated.
I hope you can see multiple angles and perspectives to understand the global context when discussing this.
During wars, since bitcoin is not associated or connected to any state or government then you can be a bit more relaxed that your coins will not be touched by anything or anyone. You might not be able to access bitcoin at the time of a war breaking out but once everything is back to normal, you can still see your bitcoin secure and safe. That is a difference compared to if you just put your money on a bank or something. The bank might not be able to give you back the money you lost.
real_pixelSenior Member
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#7Apr 10, 2022, 02:13 PM
Most cars aren't investments but liabilities. And if the houses can be destroyed, the land where it is standing is where the actual investment growth is happening. So, there's still some money and profit that you can get from the actual land even there is no house anymore not unless, it's totally exploded and eroded.
Well, not all. There are still the traditional people that can still do well even without crypto like Warren Buffett.
CyberFalconFull Member
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#8Apr 10, 2022, 03:30 PM
We have a slogan about Bitcoin, 'Be your own bank.' It means when I am my own bank, then someone else can't destroy it unless I lose my seed. But to be your own bank, there are a few terms, definitely. Holding on to custodial wallets or on exchange doesn't make you your own bank. However, I understand what you want to say actually. Crypto can't be destroyed through physical attack or virtual attack if you just secure your seed phrase.
There is another benefit if you hold your Bitcoin. Besides being your own bank, your portfolio will increase in the meantime. If something happens like a nuclear attack, you will need to secure your seed phrase. Otherwise you might lose it as well.
Fiat currencies have been on the verge of collapse for a while now but I don't think we can predict when it is going to happen easily. For the time being there is no indication of collapse of any fiat currencies but we know that they are going to decline specially in Europe considering how US regime is pushing them into a proxy war with Russia as their original proxy (Ukraine) has been losing ground every day for the past 3 years despite full NATO support.
The numerous false flag operations by the US regime is a strong indication of war expanding in Europe which means their economy is going to go through a brand new crisis after enduring 3 years of extreme hardship and various crisis.
But despite that, I still say it is too soon to talk about collapse.
the_matrixSenior Member
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#10Apr 10, 2022, 10:23 PM
Yeah, it is too soon to talk about collapse. Centralized governments will keep running fiat currencies to the ground with bad policies, as they have been doing for a long time now (i.e. what Trump is doing with the U.S. economy), but we cannot start predicting its collapse. It does not even matter if fiat collapses or not, BTC is a safe haven asset, not at the level of gold, but it is. Its capped supply (scarcity), ever growing demand and decentralization makes it a great option for people or anyone who wants to save their funds from inflation caused by bad government policies.
All the internet in the world cannot shut down at once which means that bitcoin is safe from war. If the price dips, it will only be a temporary thing. Look back at history. If the world internet shuts down at once, it wouldn't affect only bitcoin but the entire financial institutions world wide , airports and almost everything in the world will be stagnant.
raven_maxiSenior Member
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#12Apr 11, 2022, 06:21 AM
Crypto-currency is not a safe heaven, as long as the financial sector is concerned there is no safe heaven. The fastest way to loose your funds is to drop you guard and just foolishly believe that Crypto-currency is your safe heaven.
Also crypto-currency is large, it includes Bitcoin and lots of other coins the level of unsafe investment increases as you move away from Bitcoin so to any newbie reading this you don't have sure profit when you invest In Crypto-currency you must have to do your own research and diligence.
Should I be surprised after Trump ask NATO to shoot down any Russian jet that enter their territory? No I'm not surprised because it is clear that the United States want Europe to go to war with Russia again so they can backout or act like they don't know what's happening. The same Trump that asked NATO to shoot down any Russia jet that enter their territory could not shoot down Russia jets that enter inside Alaska. This a signaling game Europe need to be cautious about.
Anything that makes NATO to go to war with Russia, that will be the end of Europe because Russia has everything in place to strike anywhere around the world. If China supports Russia, that will be the end of Europe and NATO at large. China has enough stockpile of modern ammunition that is sufficient enough to turn the world into ashes. I hope what NATO is looking for what will not come to them for a test of power.
I am so disappointed in the Ukrainian president because he was not wise enough to know that NATO is using his country as a place of ammunition testament. Any new ammunition they want to test, NATO will have to send it to Ukraine so that they can use it to fight Russia testing the capability of the ammunition. The Ukraine president needs to be wise and save his country from crumbling from the hands of Russia.
The US regime is trying to repeat the previous word wars that took place in Europe. They want the world to burn due to armed conflict while they stay far away intact whilst only selling them weapons to earn tremendous amount of money.
After both sides (East versus West) were exhausted and had their infrastructures were destroyed, the US regime hopes to only come in then and name themselves victorious and in the aftermath enjoy the spoils of war by controlling the carcass of what would be left of Europe or its other so called "allies" as well as dominance over the rest of the world that they call "enemy".
Pretty much repetition of WW2.
This is why over the past 5+ years I have been saying repeatedly that this strategy has to be neutralized.
A peaceful way is for Europe (and others US regime tries to use as proxy like Japan, Philippines, South Korea, Australia, Arab dictatorships,...) to not fall of this and to NOT become a US regime proxy to fight others for them. This seems to have worked in East Asia and a to some extend in West Asia but not in Europe considering these days the European forces have already been mobilized and have been deployed in Eastern Europe already and have even invaded places like Moldova and are intervening there. So the other option is that in case of any kind of conflict the US soil has to be the first and main target. That is the only way the World War can be avoided in my opinion because US regime has to be reminded that the days of proxy wars are over and they will not be allowed to stay back unharmed while inciting wars. The third option is of course is if we see the US regime is overthrown by the people to avoid being bombed out of existence. Something like the result of WW3 aka The Cold War where "union" known as US is dissolved like USSR did. This is also a likely scenario as well considering the unrest that is growing in the USA and how we are witnessing the beginning of a revolution. I wrote a short comment on the 7th wave of American awakening here.
The problem with narrative is that bitcoin hasn't been tested for this situation. Right now we see that if there is any war news anywhere in the world (that has globally a big impact), we see people taking money out from stocks and bitcoin too. Bitcoin usually follow the stocks and haven't proved to be a safe heaven in these circumstances.
However I understand your logic as gold is different to carry but still people have more trust in Gold. I think with awareness the stocks and crypto will be decoupled and then we may see this narrative building that you are talking about.
In rocket, missile attacks to your house, I really can not believe that Bitcoin wallets can help you too much even they are portable wallets. It is more easily and conveniently to bring your Bitcoin wallets around but it does not mean you will be aware of rocket or missile attacks to your house for any excavation at all.
Like a tsunami in Japan, Beirut explosion in Syria, illegal immigrants deportations in the US, you less likely have enough time for doing anything and even can not save your life so Bitcoin wallets are not your main concern.
In such catastrophes, it is best to prioritize your life than anything else but it is always important to know how and practice your wallet backup well.
How to backup a seed phrase.
don't talk about wars as though they are simple thing just because you want to paint bitcoin as the best asset, if war breaks out and really affects you to a degree that your physical asset can be endangered, believe me that you will get frustrated to a point where the amount of bitcoin you are holding will not matter much to you compared to staying alive.
Crypto especially bitcoin is a safe haven and a good asset for investment but it worth is not defined only when you downgrade other asset to the point of wishing those holding it bad. when there is ever an international crisis, it hits almost all the asset be it those that are digital asset as well as those that are physical assets. war is a bad thing no one should wish for because when it comes, nothing else maters apart from thriving to stay alive.
SilentYieldSenior Member
Posts: 145 · Reputation: 1003
#18Apr 14, 2022, 10:34 PM
What do you say is true, and the reality will definitely decline, even though you consider it while at least one year of war occurs, will you still hold your bitcoin? Things that are difficult to do to think of holding, especially large countries that have conflicts, your hands will be burned and continue to feel panic.
Just look at what happens in its history, only a few people talk to continue to buy, most people are scared and sell from buying when the world is in a chaotic state, after all stabilized again, people go back to Bitcoin, and that is a definite thing.
The market reacted negatively because the oil price went high due to supply disruptions. But the market recovered after some weeks. The internet is not accessible from one source; it is highly unlikely that there will be a global internet shutdown due to rockets.
If you compare Bitcoin with other assets during wartime, it is clear that Bitcoin is far safer. See what is happening in Gaza and Ukraine. Buildings that cost millions to build a levelled down within seconds. But you can keep millions in a Bitcoin wallet, and all you need is just the seed phrase written on any safe material. And you can flee with it to a safer area, which is unlikely with others.
The 7 waves of American you wrote about was like an eye opening to me and this shows that there will be switch of power soon.
The America we know before at the time of Lincoln is not what we are seeing now, corruption and lust for money had turned good people to money freaking generations. The quest to maintain power has become the order of the day but greeds of the politicians is becoming a catastrophy calling for unexpected turbulence. I hope these waves do not affect the innocent ones.
I hope people will not forget that their was great past empires that had ruled the world with large dominance but are no more in power.
The rotation of power is what had been going on since the ancient time till today. There was a time countries/States like British, Rome, Greece etc was excessively powerful with no rivalry but now, there influence had collapsed. If the United States is not smart enough to see the future and what is yet to come, the same thing could happens to the new generation. The world is not at peace like the way it used to be.
We are in the age of Decadence when there is heavy corruption, debt, disagreement, and heavy technology to prove dominance and many still don't know that we are in the end of time. Once we are done with this wave of time, we shall be heading to total destruction where the last war will commence that could destroy the whole world. Trump, and Putin need to talk to end this war. If the United States and NATO is not sponsoring the war in Ukraine, this delimma might have ended before now.
China is a fast rising action coming onboard that could take the position of the United States if the power dominance is not resolved.