Quote from: D ltr on March 22, 2023, 10:01:05 PM

Quote from: bosede1 on March 13, 2023, 05:26:11 PM

It depends on where the crisis took place for instance if it is in a developed country, we can say bitcoin can be a saving grace but in a developing country like mine, I don't pray for any because if it happens to hold bitcoin can't have any advantage over fiat other than you are sure your investment is secure.

agree but a little adds to all depending on our management in managing finances, and investing, if our finances are good in any crisis our finances will be safe, without having to interfere with our BTC investment

Correct. as an example. if we are in a country that has hyper inflation then we will be really grateful to have moved our assets from our country's fiat currency into bitcoin before a hyperinflation occurred in our country. because when hyper inflation occurs in a country, the country's currency will experience a decline in value (a drastic decrease in value). even if you do a google search we can find several countries where the currency has become worthless. they even go to the market with a sack of money just to shop for their daily needs. well of course in a country like that holding fiat is really more risky. so that in countries like that people try to save their wealth by transferring it into gold. and if they are familiar with bitcoin then of course bitcoin will be the choice they make.