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If you're worried about Cyprus style theft happening in your country you need to start planning. Putting your life savings into Bitcoin given the volatility is
by yapcguy 13y ago
If you're worried about Cyprus style theft happening in your country you need to start planning. Putting your life savings into Bitcoin given the volatility is crazy. It's not (yet) a stable store of weath.
You should try to keep deposited funds below the insurance limit set for your country, consider acquiring hard assets and precious metals which could be held off-shore in a country with good financial and legal regulation, and consider depositing funds in countries which are creditor nations with rock-solid banks which have minimal exposure to derivatives and other toxic assets e.g. Hong Kong and Singapore.