If inflation is quickly rising should you be rushing to swap your money to another currency?

If inflation is quickly rising should you be rushing to swap your money to another currency?

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Yeah to bullets

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Buy TIPS, gold or property. Don't fall for the crypto memes.

Lets just think through this for a second anons.

If hyperinflation where to occur.
The price of a crypto would soar because of everyone dumping money into it.
Unless people start pulling money out of crypto to pay for baskets to hold their bread in then the price would plummet.

But the problem is people need to be able to buy things with said crypto, so it needs to have a fast transaction speed.
That rules bitcoin out.
So unironically Tron? But even then its not fast enough to support the entire world.
This makes me think people will go with whatever is shilled to them, so basically the top 10 on coinmarket cap and you're probably safe to make it.

Let me conclude this.
>The price of a crypto would soar because of everyone dumping money into it.
However, since fiats worth has plummeted, just because the price of a crypto has risen still means is onl worth as much as the fiat.
Then the gov introduces a new currency, everyone will dump their crpyto into the new currency and /makeit/ or will they
This would only transfer the problem of inflation from one currency to another, assuming everyone dumps into crpyto.
So basically, one countries hyperinflation could make a few rich, but if the world hyperinflated then we would just fuck ourselves over.

This leads me to conclude that you should invest in crypto on the assumption that when it happens everyone else is too retarded to invest.
But learning from Christmas 2017 people are sheep and will jump on the band wagon. So should everyone seek to /preserve/ their /wealth/ it would literally leave the world in an endless cycle of hyperinflation. Are we fucked?

So what I'm hearing from a crypto person is, "bitcoin is useless even if fiat fails."

Interesting.

Sh..shut up

is that satan?

Ask a Venezuelan

>"bitcoin is useless."
Anything that a normie cant easily trade is useless
bitcoin is literal neetbux

The only reason btc was successful in Venezuela when their currency crashed was because the dollar is still a viable currency and most Venezuelans were using that instead. They had an alternate fiat currency they could use. If the dollar fails we don't have a one world fiat currency to fall back on.

they use Dash, masternode system allowes for fast transactions

there are literally bitomats out there

Do the opposite of the majority of what biz/MSM/normies tell you to do.

Riddle me this annons. In a hyperinflation scenario where bread is $1000 how the fuck do you suppose people will afford electricity let alome internet? How will people transact a digital currency when they cant even access the infrastructure?

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The only thing to prevent a total catastrophe would be to outlaw cryptos....

Ever heard of Bitcoin satellites? How about sending transactions through SMS and radio waves. Shit you guys are out of touch.

They would go to libraries where you can access a computer connected to the internet for free.

Thats funny. Radio waves...

When people are scrambling to find food and water while avoiding roving gangs of mad maxes you think people are going to figure out how to send a transaction over radio waves?

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>everything is in chaos
>people are starving and jobless
>for some reason libraries are still open providing free internet

Was Germany in chaos during the great depression?

Ok here's a drop of philosophy:
(Disclaimer: not talking about blockchain tech, but btc specifically)
You have this thing called bitcoin. It's not a standout player in any category, in fact it's second or third in all standard exchange commodity fields, and doesn't even show up to play for store of value. Moreover, after almost 15 years, and billions of dollars jettisoned, there hasn't been a specialized use found for it.

But... it still does some stuff ok, and could probably become a true player in store of value, if the speculators would fuck off forever, and let it even try to fill that role.

This leads me to hypothesize quickly, bitcoin isn't the problem; the people that bitcoin attracts are the problem.

Bitcoin will forever be the little engine that couldn't as long as it remains the perceived magical cure to getting a job and engaging in life for the modern internet savvy underclass.

If you love something, let it go. YOU, Jow Forums, ARE KILLING BITCOIN.

1, 2, 3... commence with calling me a fag, retard, Russian bot, transexual, etc.

Chinks ruin everything

What is this Jow Forums you speak of?

Germany isn’t America. We have more crazy people, degenerates, and guns.

Weimar Germany was Mad Max? Venezuela is Mad Max? Out of fucking touch

Ther german currency wasnt a global currency. In modern day hyperinflation scenarios in other countries they can smuggle US dollars to transact with. Now take that currency and hyperinflate it and you have chaos.

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>the past dictates the future

user I...

Venezuela is rioting in the streets you think crininals arent taking advantsge of the situation? You think people arent sucking dick to feed their family? Wake up.

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Won't happen, there has never been a collapse of civilisation in the way you're suggesting throughout then entirety of history.

>less than 2000 in America
>~300 in EU
too late and too way little

good thing the dollar is one of the fundamentally strongest currencies and functionally the world reserve currency. that doesn't mean it's not a piece of shit or that bitcoin won't go up when priced in dollars, but other currencies will fail before it does.

exactly. and what does that action do? reduces the supply of dollars in the USA allowing the fed to print en masse without much inflation.

lol

They disarmed their citizens in Venezuela. That's why Maduro isn't hanging from a tree.

Localbitcoins and bartering for material goods -- this includes pussy

what vidya is that?

Gold is good.

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Pretty much