Iranial Rial collapses, Buy Bitcoin!

[N9_Ninja]

I think it’s pretty normal for people to ask about privacy in crypto — it’s always been a tension point between transparency and personal safety. Most users aren’t trying to hide wrongdoing, they just don’t want every transaction and holding visible to the entire public internet forever. That’s why conversations around privacy keep coming back, even if the tools people use and the risks they worry about change over time.

[Joy- maker]

Sincerely speaking I feel for Iran citizens and those from other countries who are living over there. Because they are currently in a big mess making me feel sympathetic for them over this chaos. I pray they survive this which I believe they will. And with this current situation in Iran even the digital currency are still worthless, because the source I read stated that there was partial or probably full internet shutdown in Iran do to this chaos. And this chaos in Iran should cite a very good example to those who are still holding their life saves in Fiat currency instead of bitcoin. Because after this chaos in Iran Those holding Bitcoin, or other altcoins will definitely have their money intact, since the collapse of Iran currency is not going to have any effect on the digital currency they are holding.

[krishnaverma]

If no one doesn't know the news[1] yet, just check this conversion of how much $1 in Iranian Rial and this is because of the protests happening there.

There's an absolute chaos there with the police against the protesters. And in result Iran's currency collapses that dictates its economy.

In terms of its currency and its value, we can learn from it that the fiat/currency of any country can collapse when chaos happens anytime.

This gives the idea of why people who doesn't hold Bitcoin yet needs to understand the importance of its scarcity and why people and even the biggest institutions are holding it now on.

While it's not global affection free, but we've seen on how it reacted with the global pandemic and other events that it doesn't have a center if chaos or wars happen.

I think we have forum members that are from Iran, I pray for your safety there guys.

[1] What’s Happening in Iran Right Now, Explained

I am more interested in how the situation will change once the protests are over. Will it come back to normal ? It is hard to survive in current situation but there are certainly lot of people with lot of money saved. All their savings will be lost now ? Or will day to day expenses be so much that all the savings will get ruined ?

[Faisal2202]

I think it’s pretty normal for people to ask about privacy in crypto — it’s always been a tension point between transparency and personal safety. Most users aren’t trying to hide wrongdoing, they just don’t want every transaction and holding visible to the entire public internet forever. That’s why conversations around privacy keep coming back, even if the tools people use and the risks they worry about change over time.

Sorry, but the topic is not about privacy but about the value of fiat vs the value of Bitcoin, and why we should invest in btc and convert our fiat into btc even if we are not planning to invest, we can do it to save our money from losing value.

Although privacy is another feature that we get from the bitcoin, and everyone loves it and wants it, but here OP compared the Iranian currency with BTC, and the collapse of the Iranian currency was not sudden but slow, so the government tried hard hide this and suppress the Iranian but it exploded.

[hero_the_bossman]

I am more interested in how the situation will change once the protests are over. Will it come back to normal ? It is hard to survive in current situation but there are certainly lot of people with lot of money saved. All their savings will be lost now ? Or will day to day expenses be so much that all the savings will get ruined ?

Think about it yourself or ask any LLm on the topic.

When did you see a country doing well after such a thing?

[8rch7]

I think it’s pretty normal for people to ask about privacy in crypto — it’s always been a tension point between transparency and personal safety. Most users aren’t trying to hide wrongdoing, they just don’t want every transaction and holding visible to the entire public internet forever. That’s why conversations around privacy keep coming back, even if the tools people use and the risks they worry about change over time.

Bitcoin most safety assets, transparent and actually can't controlling yet by the top influence countries how Iranial rial collapse after conflict with United State, I think not first time any local currency get collapse from Zimbabwe local currency and right now the Iranial rial get large collapse. Saving assets in cryptocurrency get secure position how to hidden our identity and keep safety although the government has bigger conflict or war.

Interested waiting the progress of Iranial rial will success break out again after dropping significant? let waiting how he Iran's government take decision for the future bring back their local currency raise up exactly at normal price before collapse . Sadly for Iranian people saving money fully in local currency assets how the values drop drastically.

[livingfree]

I am more interested in how the situation will change once the protests are over. Will it come back to normal ? It is hard to survive in current situation but there are certainly lot of people with lot of money saved. All their savings will be lost now ? Or will day to day expenses be so much that all the savings will get ruined ?

It will be back to normal after the protests but it will take time until they recover and go back to normal wholly.

Those who's got a lot of savings, they might not even use it yet for recovering because it has got no value at all. I haven't been into that situation but hopefully that with or without money.

Each of them will be able to survive and they'll back each other with the kind of help they'll provide to their fellow Iranians.