What are good investments outside of crypto?
It is very unfortunate what is happening in venezuela. I wish the united states would forget about north korea for a second and make some attempt to re-establish stability in south america.
As things stand there is nothing I could do to help venezuelans.
Looking at venezuela's currency devaluation there could be opportunities for profit there. Shorting the bolivar. Buying bolivar when its nearer to making a recovery could both yield decent gains if someone could get the timing right.
What are good opportunities for investment outside of crypto? Is it moral to profit off of the unfortunate conditions of people in venezuela and other countries? What do ppl think about this?
Well obviously there is a whole range of investments that are available. Stable monetary store of values outside of crypto include gold, silver, collectibles, etc. But none is as liquid and as easily obtained and traded as bitcoin.
venezuela is a great example because the whole country is in turmoil, politically and economically as you said and living there is super tough for everyone. I really feel for these poor people. But the good thing is that a lot of venezuelans are actually turning to bitcoin, just like people turn to gold and silver in the old days.
I think all this has proved that bitcoin is designed to be used in a SHTF situation. It's great for storing your wealth in when hyperinflation is all over the place. It has virtually no entry limit, and no exit limit. Silver and gold has a big spread, a high entry limit, and high exit minimum.