Cryptocurrency is Less Than Vapor: Less than Fiat Money

If you're invested in cryptocurrency, you have more tolerance for risk than I. I'm super leery of cryptocurrency like bitcoin at this point. I'm leery of regular fiat currency already because it has no real value, except by decree. Now people are placing the fiat (worthless) currency into vapor.

Remember what I said about government control of the internet and phones to cause people to be unable to communicate during civil strife? What makes your digital currency any more safe than an internet communication platform? If the government can cause people to be unable to communicate electronically, they can most assuredly cause all the cryptocurrency in existence to vanish in a flash.

If that ever happened, there would be a lot of people singing the blues. I think a better investment would be precious metals like gold, platinum and silver. I would advise saving all 1981 and before cents for their copper content too. Each one is worth 2.1 cents as of this writing. The only way anyone can take it, is if someone breaks and steals, or holds you up at gun point. Crypto can be stolen with a hack. It can become nonexistent by government policy. I could see the latter happen too!

There used to be an outfit that made silver coins called "Liberty Dollars". People were using them to buy and sell. They were introduced by private parties in response to the fiat currency. People have always trusted real wealth over promissory notes. Then the US government came along and shut them down. The feds didn't like the competition.

Maybe you should cut and run when it comes to cryptocurrency. Sell high, then invest in all precious metals. Not the kind where someone else is holding it for you either. Real actual wealth you have in your possession.

People need to forget a bit of trickery when it comes to precious metals. People think that the value of precious metals have gone up. That is not really the case. What has really happened is the value of the dollar has gone down. It will continue to go down too. The only value it holds is due to government decree, which is really nothing but a promise.

Edit: I found it. It had been so long since I thought of it I had forgotten the name. Liberty Dollars were the private currency that the feds shut down.