Post
Topic
Board Nigeria (Naija)
Merits 1 from 1 user
Re: Investing in Bitcoin can save you in times of war
by
Bryan jessy
on 02/07/2024, 05:56:23 UTC
⭐ Merited by Showlove01 (1)
When COVID came and it became impossible to hold physical meetings, zoom gained relevance and became the solution to what would have caused major problems for most companies.

war can lead to a total shutdown of banks and all financial institutions causing even those that have money inability to use their money. We saw a slight fraction of it during the scarcity of the naira and we know how bad it was and that it can get worse should banks stop functioning totally due to war.

We don't pray for war but we can't assume it can never happen so we should prepare for the worst while hoping for the best and keeping part of our investment in Bitcoin will be a sure option.

If you have Bitcoin and banks stop functioning, it's just simple to make transactions through it pending when things will go back to normal and the Bitcoin can be converted back to cash. This is the reason why it's good that even people in the market environment know about Bitcoin so they know its numerous advantages and how it can come through for us in times when our banking system can't work again.




Yes that's very true, like you said earlier let us not wish for bad events to occur, because war to an extend can affect everything except this war is not globally, because if peradventure it happens globally it might interfere with the Internet connection and this will disrupt people from accessing the Internet  and for those using  Bitcoin  it will be difficult for them to access their Bitcoin  account, but if the war is just in one's country then any individual making use of Bitcoin has a huge advantage as they will still have something to fall back to after the war or disaster is over instead of start from scratch just like others who does not have any investment. So it is advisable to have a volatile asset like Bitcoin and an investment like Bitcoin.