I'm no case a great finacial guru, but I know how things works.
Playing all that exchange games is not the only way to use and make profit from crypto. In any case all BTC-like coins have limited total amount of coins, so they will deflate in long term if it will stay popular.
Use crypto as a mean to avoid taxes. If you are some kind of freelancer, from time to time you could take your reward as crypto. Eventually you will have some reserve in crypto along others.
From the other side, putting all eggs in one busket is a bad idea. Don't fall into one idea that right now looks very attractive, always do something else, completely different.
There are much more profitable (in total meaning) ways to invest money.
Buy tools and machinery, means of production. Even cheap welding invertor is much more profitable than any coins. You spend $100 and could easily earn $200 for the first job you will do with it. Hardly you will earn millions doing welding jobs, but that's not the point. Your millions easliy could become nothing but welder will always be welder that could give you means of livehood at any time, even if money will not exist at all.
Invest in your skills. Useful skills can't be confiscated and no crisis could lessen their value. Learn to do something that is always in demand but not many people have that skill. You will get not just money to exchange for goods and food you need, but an ability to get that goods and food in any circumstances.
Invest in land and grow your own food. People around will always need food.
Don't account your investments as a mean to make more money, account them as a mean for survival in any situation.
When everything you have is a some money, you always in
anxiety about them. If you have a backup in the form of things like means of production and skills, you don't have to worry about them and have a strong knowledge that in any case you will be able to support yourself and your family. Diverse your investments not only in different types of money, but in real stuff too.
get an old style rotary phone... it will work still, most likely. Also, if you have the old style phone lines, they run on 48v. If you can get a grounded 48v inverter in a makeshift faraday cage, you may still be able to get electricty.
I'm no case a great finacial guru, but I know how things works.
Playing all that exchange games is not the only way to use and make profit from crypto. In any case all BTC-like coins have limited total amount of coins, so they will deflate in long term if it will stay popular.
Use crypto as a mean to avoid taxes. If you are some kind of freelancer, from time to time you could take your reward as crypto. Eventually you will have some reserve in crypto along others.
From the other side, putting all eggs in one busket is a bad idea. Don't fall into one idea that right now looks very attractive, always do something else, completely different.
There are much more profitable (in total meaning) ways to invest money.
Buy tools and machinery, means of production. Even cheap welding invertor is much more profitable than any coins. You spend $100 and could easily earn $200 for the first job you will do with it. Hardly you will earn millions doing welding jobs, but that's not the point. Your millions easliy could become nothing but welder will always be welder that could give you means of livehood at any time, even if money will not exist at all.
Invest in your skills. Useful skills can't be confiscated and no crisis could lessen their value. Learn to do something that is always in demand but not many people have that skill. You will get not just money to exchange for goods and food you need, but an ability to get that goods and food in any circumstances.
Invest in land and grow your own food. People around will always need food.
Don't account your investments as a mean to make more money, account them as a mean for survival in any situation.
When everything you have is a some money, you always in anxiety about them. If you have a backup in the form of things like means of production and skills, you don't have to worry about them and have a strong knowledge that in any case you will be able to support yourself and your family. Diverse your investments not only in different types of money, but in real stuff too.
Exactly! I have a sneaky feeling they will cause widespread EMP to eradicate crypto and communication.
get an old style rotary phone... it will work still, most likely. Also, if you have the old style phone lines, they run on 48v. If you can get a grounded 48v inverter in a makeshift faraday cage, you may still be able to get electricty.
I think it depends on the company... a neighbor had to ask specifically for rotary usage service