Date: September 10th, 2018 9:58 PM
Author: Painfully honest crackhouse
I have bought BTC as a hedge in times of economic turmoil. I firmly believe people will recognize the value of decentralization when their currencies collapse in front of their eyes, but I'm worried about one thing.
Let's say the economy is doing really bad and BTC reaches a million dollar market price. We hit the jackpot. Nice. My question though is: how will we be able to sell crypto during those times? Will we be able to rely on wire transfers from exchanges? It doesn't have to be cash... I just want to be able to convert BTC into food, tools, etc. in case I would ever need to.
Credits to my wife who asked me this question which got me back to earth as I can be overly bullish on crypto at times.
https://old.reddit.com/r/BitcoinMarkets/comments/9et8xf/cryptocurrencies_during_economic_turmoil_how_to/
(http://www.autoadmit.com/thread.php?thread_id=4074374&forum_id=7#36784425)