Post
Topic
Board Nigeria (Naija)
Re: Investing in Bitcoin can save you in times of war
by
Hewlet
on 05/07/2024, 07:43:58 UTC

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.

omo eh! War no be wetin you fit tell wetin go fit help you or not when e finally burst out oh. E get as e go even happen self you no go reason anything about your Bitcoin because at that time, Bitcoin or no Bitcoin no go even matter. You don de were casala burst out when people even run leave thier children because them no de in the right state of mind? E get some wars when go even happen when even though you get your Bitcoin or fiat e no go even matter because you no go see food buy or wetin you fit exchange your Bitcoin for. Everybody go de reason how him wan take survive and the least thing to think of na thier digital asset.

But see the aspect when I think say this matter fit help well. Let's assume that during the war it led you to leaving all your possession in your country and you're forced into a strange country where you don't have their currency and have to transact and start up life afresh. If you've stored a portion of your wealth in Bitcoin, it's going to be just easy to do a P2P transaction into the countries local currency and start up your life from there. Such kind of previledges isn't possible for someone that's dependent on the banking system in storing his wealth.