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Subject The main takeaway from the ongoing crypto crash ...

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[quote:AscendedMaster:MV81MTYxMDQyXzU3NThFQUFE]
... is that crypto prices appear to follow stock prices, contrary to what the crypto evangelists used to claim. And when the world stock markets are crashing, even silver and gold don't appear to be a safe haven, contrary to what the precious metal evangelists used to claim. (Perhaps they still claim it.)

I think tangible assets (other than precious metals) are the way to go in this future we're heading into. Real estate, seeds, fertile land, quality hand tools, skills, survival literature, survival gear, etc. (Skills being the most important.) Oh, and the tools shouldn't require electricity to operate.

Cryptocurrencies are way too reliant on a functioning power grid, and they aren't a good store of wealth either, despite their reputation as "digital gold". (Who needs gold anyway? I, for one, sure don't.)

One bitcoin might be worth a million dollars five years from now. But what good does that do, if a million dollars can't buy you a loaf of bread?
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Original Message ... is that crypto prices appear to follow stock prices, contrary to what the crypto evangelists used to claim. And when the world stock markets are crashing, even silver and gold don't appear to be a safe haven, contrary to what the precious metal evangelists used to claim. (Perhaps they still claim it.)

I think tangible assets (other than precious metals) are the way to go in this future we're heading into. Real estate, seeds, fertile land, quality hand tools, skills, survival literature, survival gear, etc. (Skills being the most important.) Oh, and the tools shouldn't require electricity to operate.

Cryptocurrencies are way too reliant on a functioning power grid, and they aren't a good store of wealth either, despite their reputation as "digital gold". (Who needs gold anyway? I, for one, sure don't.)

One bitcoin might be worth a million dollars five years from now. But what good does that do, if a million dollars can't buy you a loaf of bread?

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