Surviving the Crash: 17 Hot Takes on Crypto in a Post-Collapse World

With recent global unrest and economic uncertainties, many people are starting to worry about the stability of our money. They’re looking for new options like cryptocurrencies. Using digital money might sound strange, but it’s becoming more common. Big names like Bitcoin and Ethereum are leading the way. This article will look at how cryptocurrency could change things in a shaky economy. We’ll discuss the good and bad sides of using digital money. Get ready to learn about the crypto world and how it might affect our financial future!

1. Global Advantage

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The fact that cryptocurrencies are digital makes them more appealing during a post-economy collapsed world. If our economy crashes and cash loses value, we will need a way to buy items internationally, and crypto is a worldwide currency.

2. Gold’s Competitor

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Many people view gold as the one currency that will hold value no matter what happens in the economy. However, the rise of cryptocurrencies has led many experts to think that gold may have some competition and is the way to store value in unstable times.

3. Not A Great Barter Tool

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If we don’t have electricity or access to the internet, then crypto is useless. We would unlikely be without electricity, but people would be more interested in basic goods than in cryptocurrencies.

4. Non-Government Control

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Since crypto is decentralized, there isn’t government control, which would make them unaffected by economic changes. This can be good and bad at the same time because, without government control, the value of cryptocurrencies can change significantly.

5. Limited Supply

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One advantage of cryptocurrencies is that they have a limited supply, unlike traditional currencies, which can print out as much as is needed. If you have crypto in an economy that collapses, it will likely rise in value due to scarcity, giving you the edge in buying or trading for goods.

6. Banks Are Gone

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If banks shut down during the economic crash, accessibility to cryptocurrency will be invaluable. Since you can access crypto anywhere with an internet connection, it will be a reliable way to access much-needed funds during a crisis.

7. Diversity

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Since there are so many different types of cryptocurrencies, users could choose the currency that works best in a post-collapsed economy. If the dollar doesn’t have value, some cryptos might work instead, so having several different cryptos could be beneficial.

8. Blockchain for Security

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Since crypto uses blockchain technology to ensure safe transactions, it is more secure than traditional currencies. In times of crisis, having a reliable way to handle financial transactions can give you peace of mind.

9. Trade Based Tool

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Crypto can also be useful for swapping and trading goods in a post-collapse society. With the option to transfer funds digitally, you can easily get resources from others without needing physical cash.

10. Community Cryptos

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Another reason for using crypto during an economic collapse is the ability to create community cryptos. These cryptocurrencies could be linked to certain goods in different towns, neighborhoods, or even within a group of people.

11. Less Legal Hoops

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Using crypto during an economic crisis can reduce red tape when making transactions. Since it doesn’t have the regulations and fees that traditional currencies have, it is a much quicker way to make transactions.

12. More Than Just Digital Cash

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Crypto isn’t just a digital version of cash; it also has many other potential uses that would be useful during an economic disaster. Smart contracts could be invaluable as a reliable way to ensure resources go where they should go.

13. Stable Value

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Unlike traditional currencies, another plus for storing and using crypto is its stable value during an economic crisis. In the middle of an economic mess and the unstable time following the crisis, cryptocurrencies could provide people with security during uncertain times.

14. Not As Widely Accepted

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One of the negative aspects of using cryptocurrencies is that they have yet to be widely accepted by merchants, especially when dealing with local businesses. However, if the dollar no longer had value, more businesses would be open to accepting crypto as payment.

15. Transitional

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During crises that could cause an economy to fail, many people can be displaced or forced to evacuate their homes and communities. In this situation, individuals would have a portable and secure way to carry their wealth during these transitional times.

16. Strategic Planning

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If a failing economy happened, individuals with cryptocurrency could still have a sense of control over their finances. They could access money and use it to make purchases and conduct transactions.

17. Diversify from Traditional Forms of Payment

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When planning for the possibility of an economic crash, it is essential to diversify your options, and crypto gives you that opportunity. By investing in cryptocurrency, you will not solely rely on traditional forms of payment and can have more flexibility in your finances.

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Financial Independence, Retire Early
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FIRE – Financial Independence, Retire Early. That’s the dream, right? Quit the rat race and live life on our own terms. It’s totally doable. Plenty of people join the FIRE movement and manage to retire pretty quickly. And there’s a LOT of advice out there on how to do it. Sadly, much of the advice is outdated or just plain bad.

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In times of uncertainty, financial stability is more crucial than ever. While prepping for physical emergencies is vital, don’t overlook financial prepping. Avoiding these common money mistakes can help make sure you’re in a stronger position to weather any storm.

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Preparing for a recession is more important than ever in these uncertain times. I understand the challenges and fears you might face, so I’ve compiled these 25 actionable tips to recession-proof your prepping plans. Each suggestion can help you stay ahead, ensuring that you’re surviving and thriving, even in tough economic times.

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