[Cementjungle]

Lol, well it might be you and the others who come running to crytocurrencies instead, once the world’s fiats all begin to collapse in earnest. Unlike other recent currency collapses, numerous economist have warned the one big problem with a collapse of the US dollar is nothing is available to take its place or that can be used as a substitute. Well, maybe there is... ;)

So, are people putting portions of their life savings into Bitcoins.. in case of a collapse? What percentage do most put it? 50%? 90%?

[Errant]

So, are people putting portions of their life savings into Bitcoins.. in case of a collapse? What percentage do most put it? 50%? 90%?

I would feel very uncomfortable investing over say 5% of net worth in crypto at this point. I bounce between 1 - 3%, depending upon it's value and what I have in a wallet at the time. Pretty sure I'm close to the norm... ;)

Folks think nothing of giving up 3% to some CC company for the utility of using their payment method and think nothing of paying 10%+ interest on top of that, while the thought of putting a few hundred or thousand dollars into something they don't understand with an easier and cheaper use and potential for increased value, drives them crazy. :)

Go figure...