Quite the contrary, if countries do lose out as history tells us they will. The rich will always prevail leaving the least wealthy workers to foot the bill, this means anything that goes up in times of crisis ie crypto, gold or any precious metals to be fair will safeguard your future during these times.
Iām not saying buy and hold forever but as gold and silver more recently has proved you cant have a healthy portfolio without it.
Now that crypto currency has joined the party I think more of the same will apply.
Funny how the worldās debt has drastically gone up and gold and crypto has seen gains? What does this tell you?
Tbh I didnāt see this, both Gold and BTC proved they are not protecting wealth in downturn.
Check March 2020. Both touched lows. Heck even cash bonds sunk.
BTC does not have single proof to back it up for the claims made. Gold still has historical evidence, tho it did fail in 2020.(tho recovered very quickly)
Single asset in my portfolio that didnāt crash in March was 7-10 year US Treasuryā¦
Because nobody, again, absolutely nobody, can confiscate your Bitcoins.
For centuries people are suffering with corruption and politicians fighting for power.
In my home country, all saving accounts were confiscated once, many people never got anything back again. Before that, a military government got into people houses and got their belongings⦠how many times did you read about that in multiple different countries?
Itās not about Bitcoin itself, but about the decentralization of money.
In Argentina, people cannot even buy US$ by normal means to protect themselves and the government can just track the people and confiscate what they want to, when they want to.
In some countries you basically cannot move any money to/from outside, people doesnāt have any options.
We are here talking about investments and making money, but again, Bitcoin was not designed with that in mind, itās very important to understand why Bitcoin was created and what itās trying to achieve.
Well I am not verse in Crypto Technologies, but from some casual read, my thoughts are electronic transactions are logged in public ledger, meaning everything is traceable.
But anyway, with the story you tell, it gives plausibility, but what is the sensible allocation %, what amount of net worth does one put in such assets?
For Bitcoin, yes⦠but you can trace the blockchain addresses, not necessarily you can trace who holds them.
There are other projects completely untraceable, but this is another different topic.
as stocks, bonds, gold, cash⦠it varies from people to people, from needs, from timing.
two weeks ago I talked with a friend, he has 100% of his investments/savings on cryptos⦠I gonna raise my āpieā from 10% to 30% in 2021⦠if Bitcoin (and Ether) drops more than 30% again⦠I will do a big sell off on my stocks and jump heavily
An even better one under that thread. If looking at that chart isnāt enough to make somebody cash out and take profit, I donāt know what will. At least your principal to protect your capital.
I already have invested only half on December, might reduce it even more in January, just to have a better available cash to buy more Bitcoins (and Ether) soon.
you can buy bitcoin directly, or have a look at some of listed companies that specialise in bitcoin mining. One such company is Argo Blockchain (listed in the UK), but I am sure there will be others too