Quote from: virasog on Today at 08:15:15 PM

Quote from: Wind_FURY on March 14, 2022, 08:47:46 AM

Quote from: DrBeer on March 09, 2022, 04:32:51 PM

Not a ruble is going to hell. The whole country is going to hell, in which, in the near future, a real collapse and division into many independent states, and I hope with the control of the established authorities. After the new sanctions on hydrocarbons adopted yesterday, Russia no longer has a chance. What you are seeing now is agony. You know, like a person in the final stages of cancer - he seems to be alive and breathing, and even speaks and communicates, but - there is no way back, death is ahead, and there is nothing to help. Just waiting for the final...

That proves that HODLing Bitcoin is good as a hedge. HODLing Bitcoin is not only as a "financial hedge", but as a hedge against the people/leaders in your government in case they make a stupid decision. Cool

Bitcoin has never faced a war situation between the two superpowers before. This means that we cant say with conviction that it will act as a hedge in case this situation developed into a world war. Since bitcoin is currency pegged with the stocks, so if the stocks dump in the world war, then bitcoin will dump too. There is no value for fiat currencies, especially for the country in which the sanctions are proposed and applied. People of russia have no choice but to sell ruble and buy something better like bitcoin.

Of course bitcoin has never seen a war before, unlike gold who has proven itself to be a good hedge. However, bitcoin as digital gold could be the next great asset that could be used right now. Specially if you are in either of the two countries, when your money is worthless. So the best thing to do is this situation is to have your money hedge it to bitcoin, very simply if you wanted to protect your wealth during and after the war.