You can't steal money with crypto. Small wonder the banksters hate it.
Yep. Why I drank the kool-aid back in 2013 on BTC/Crypto, sometimes I forget the 'dire' Plan B endgame of BTC/Crypto that may happen someday.
Why I HODL somewhat, probably more than I should, while currently, just maintaining my traditional investments and staying out of debt.
A world without decentralized BTC/Crypto and Banks and Governments and such having their 'own' blockchain crypto and still charging the same fees etc
under the old system. Ack!
Indeed such a scenario would mean that they could move BTC like that one whale of $1 Billion Dollars for 26 dollars. Yet keep the whole fee
structure the same/control the whole blockchain network as centralized/print more crypto to manipulate prices?
Yep, back to Trillionaires in 10-15 years and Feudalism. It would not take long, IMHO.
My fear would be the worst of both worlds, a good 30 to 40% recession according to some pundits, as well as those same pundits saying that it would
not like in the past take 7 years to recover but 12 years on such a future recession, stuff being so F*cked up these days.
So a world where I buckle and sell and not HODL and decentralized BTC/Crypto dies and is taken over by the established money/elite/upper 1/2 of 1% in the world? I mean
crypto dies just to be usurped by centralized government banker coin?
Well, if that is the trend, well before such a 'dismal' BladeRunner future, I will become a 'minimalist' consolidate what I can and be
damn mobile and travel in the world or something.
Sitting in one place watching such a slide with house/stuff/traditional investments/crypto/recession or depression slide bit
by bit..I'll bail and go full 'walk-about' in the world with what I can coral for my own needs and rent/lease and frigging travel.
Folks/Young People 40 years or much more younger than myself could well have the right idea on how to fight such a world of even more ramped up consumerism for getting stuff's sake.
Hell, that is probably what I should do now, come to think of such. It would be nice to go back to a time where everything fit in my car and I just rented. It is not like in 15-20 years
due to age, I'm not gonna go down that path anyway. Such a complete cluster for the next 4 years as the last 4 years or so, and I'll probably pull the whole downsize lifestyle much
earlier.
So yeah, a person should have a 'go to hell' plan on how to wrap stuff up.
I'm 65 years old on March 24th, 2020 and in 15-20 years I'd have to do such downsizing anyway...but if things really go to sh*t I'll do it a hell of a lot earlier!
(Best to have a get out of Hell plan, lowest BTC you'll keep HODL and stubbornly die with if that's what it takes, and of course, traditional investments cashed out and such.)
In such a world a lot of people would go 'screw this' and minimalize their life, especially clutter, and especially if you are retired and over 66 years retirement age.
Anyway, end of rant, but a likely plan, if things get worse.
(remember the days of 7 years ago, when everybody said things were gonna get better and working together was the plan)
I miss them newbie 2013 days when I got into BTC. The world was a lot more 'shiny' then! Hell, the world went to hell when they took 'Firefly' off the air!
We all have some kinda 'line in the sand' these days. In a 'rough' not quite figured out how/why/what, something like the above, is a 'way' to keep sanity if things go even more to sh*t.
Now if it is all 'unicorns and rainbows/fairy dust/and bunny farts" I'll probably continue to HODL too much BTC/Crypto, keep my big house and all my important 'stuff' (ie junk)
and blithely go along on my usual conspicuous consumption of dubious stuff that every American does for a lifestyle choice, self-centered though it may be.
But there will be a point I may just 'snap' and dump the works well, well before my days of assisted living downsizing., in 15-20 years.
There is more to a "Plan B" than just BTC/Crypto! Sometimes I forget these revolutionary aspects of why I HODL and drank the kool-aid back in 2013 when I started in BTC/Crypto!
later
Brad
Poll
