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33
Tesla Suspends Bitcoin Payments Over "Concerns About Environmental Impact" (www.zerohedge.com)
posted 5 years ago by onetruephilosoraptor 5 years ago by onetruephilosoraptor +33 / -0
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– ThatYellowBastard 15 points 5 years ago +15 / -0

The key takeaway is Tesla isn't liquidating any of their Bitcoin. It seems like they're trying to cause a panic to add more to their portfolio if anything. What bull to say mining is an environmental hazard when their own batteries in their cars cause much more pollution, but I digress.

Have some fiat, with at least three months pay in savings, because being able to pay bills and eat today is just as important as having wealth tomorrow.

Buy physical gold and silver.

Invest in Bitcoin, and maybe Etherium if you have the means to and forget all the other coins. These cryptos aren't guarantees, and I'd never tell someone to put their life savings into it, but with inflation hitting Zimbabwe levels I would treat it as an investment; nothing ventured, nothing gained after all. So hold off on any frivolous purchases and put like 10 dollars a day, or 100 a week, or month, whatever, into it. That way you don't have your eggs all in one basket. Could it be a bubble or scam? Sure, but if you bought one coin a year ago you'd be around $51,000 richer.

Finally, buy canned food, bottled water, medical supplies and ammo and maybe body armor. No, I'm not thinking you'll need it, but if gets bad, especially if you're in a big city, you'll want it.

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– JiggsawCalrissian 8 points 5 years ago +8 / -0

This is an important post

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– ThatYellowBastard 8 points 5 years ago +8 / -0

As the saying goes, this is not financial advice, but I will say that my relatively small investment in ETH doubled in the last month. With inflation, there's a good chance that money invested now will keep pace. We all might be too late to make money, but you might be able to keep what you have, because lord knows the bank interest rates are fucking garbage and if it gets real bad, stocks will be worthless.

Additionally, with the big hammer of inflation coming down, it is a good time to buy physical assets before prices surge (more).

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