• HeneryHawk@thelemmy.club
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    1 year ago

    Prepper vibes? I’d say it’s just common sense. If you had a password to all your money wouldn’t you want to keep it safe from fire and water damage? Your bank does

    • FuckyWucky [none/use name]@hexbear.netOP
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      1 year ago

      Yea and banks too get robbed. Except that banks are insured and in the worst case they can ask the central bank.

      If you had a password to all your money wouldn’t you want to keep it safe from fire and water damage?

      I would simply won’t have all my money be reliant on a steel rod. Crypto is hot potato, buy drugs and throw it to someone else so its not your problem. Anyone holding it long term as an investment is a fool.

      • GaveUp [she/her]@hexbear.net
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        1 year ago

        Idk, if I had enough money storing a little emergency fund in a crypto wallet seems like a good idea tbh

        You can avoid the banks completely freezing on you at the request of the government/cops and you can easily take massive amounts of money across borders and untraced until you transfer back to fiat

        Definitely not useful for non wealthy people though

      • HeneryHawk@thelemmy.club
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        1 year ago

        I’ve had some for about the last 7 years. Honestly, I don’t feel so foolish when I look at they money I have in the bank VS the money I have in crypto and how much either has changed since back then

          • HeneryHawk@thelemmy.club
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            1 year ago

            This is true. I’m not advising anyone to do it. I’ve already taken a lot of my initial out and got myself some stuff

            I’m not rich, it was a modest investment that most would laugh at

    • ShranTheWaterPoloFan@startrek.website
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      1 year ago

      Why not just get a safety deposit box?

      And if you have a ton of money in crypto talk to your home/rental insurance and have it covered. You don’t have to do crazy etching.

      • HeneryHawk@thelemmy.club
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        1 year ago

        I’ve it done my way. It’s not the OPs way. I don’t have a ton of money

        All I’m saying is it’s not prepper vibes