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

in #hot7 years ago

Plan for the worst and hope for the best! I agree that we all should be able to take care of ourselves in the event of an emergency. Look at Bitcoin in the same fashion: If there is good 'ole fashion run on the banks to withdrawl their money and the banks freeze all transactions (Greece). Or hyperinflation makes a $20 dollar bill (or $100 Bolivar if you live in Venezuela) worthless..

Your bitcoin is an instant bank account in which you can send your 'value' anywhere or to any currency you deem 'valuable'! I'm still in awe at the possibilities!!!

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True that. Some experts are calling for a deflation followed by hyperinflation. Time to diversify the portfolio! Haha.