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RE: Cryptocurrencies crash!? Don't worries. Let me tell you what will happen next.

in #hot7 years ago

Glad to see a prepping user, I will be following!
In a grid-down scenario, digital anything would definitely be a problem.
However, in 2018, in a bank run, being able to digitally zero out your bank account into a digital currency from your laptop might just save it from being lost if the bank closes or confiscated by the government. And would save you from joining other rioters in the street trying to get their cash out of the bank, which will not be possible (banks only have about 10% of all deposits on hand in cash). What do you think?

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We must always remember that the grid is quickly become less reliant and will have less vulnerabilities. Always back up your wallets on ext device or cloud. And do not worry about grids.. Coinbase actually insures your currency.. So go with it.

I think you are spot on as it pertains to bank runs and rioters in the streets trying to get their cash out. The key is diversifying your assets so all the eggs aren't in one basket!