@ShadenLines well, in america you guys got a little more of freedom, while here in brazil we are basically communists, so higher taxes and/or confiscation are little more likely to happen here, so we better stick with bitcoins. And also i don't believe such things are enough to stop bitcoin, a nuclear war with mass destruction destroying every single bitcoin node in earth would be, but if such thing happen bitcoin money would be the last of the things we would be worrying since earth would be destroyed lol
Artist in various media (mostly traditional), craftsman & general DIYer. I make no guarantee of regular posting--work will go up as circumstances permit.
Pablo ''Neckbone'' Washington
@ShadenLines
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TheMiamiDeSantos
at first i wanted to put some money in gold etf, but then i found out bitcoin is better, after some research i found out gold ain't a very good value store to a normal civilian like me, sp500 is better to store value for a brazilian like me rather than gold. In my opinion gold is more for a big bank, country, or rich dude
ShadenLines
There are plenty of people who buy gold (or gold-backed ETFs--they're an excellent option) whose surnames are not Gates, Soros or Trump. You do have a point in that it's easier when one is at a certain financial level to invest in it. You don't have to be on the Fortune 500 list but it definitely helps when you're well-to-do. There's always silver...tons of people stack silver, & not only Americans. It's called "the poor man's gold" for a reason. The problem with silver is that it has weight & takes up space, especially once you have a few hundred bucks'+ worth.
The thing about Bitcoin (& cryptos in general) is that they depend on the Internet & associated technologies to exist. That's no problem most of the time, but a solar flare or an EMP from a nuke would take out most modern communications tech...always a possibility, especially solar flares. I'm not throwing shade, just pointing out its one weakness. Personally I'm all for cryptocurrency in general. If we can eventually free ourselves from fiat currencies, that would be fantastic.