Is Bitcoin a Good Investment During Crisis or Prosparity?

Do you believe we are going into a more stable world or a world in turmoil? This might sound radical – especially for those who have only experienced a relative stable life without extreme government measures, wars or famine. However, this is still a question that is very important to ask oneself to ensure that your investments are going in the same direction as your own view of the future.
If you take a look at history, it is full of war, extremism and death on all fronts. Stability — especially such stability that we are experiencing here in the West at the moment — is a rare and luxurious event; an event that usually is followed by violent times. This has been true for all times, independent of what continent you belonged to or what your beliefs were.
So how should you invest in the future? And should you invest in bitcoin and other cryptocurrencies? If we take a look at what is performing well during stability and what is performing well during instability, we should be able to shed some light on the matter.
What Performs Well During Stability?
In stable times people are generally more willing to take risks. This is because of the notion that if you take a big risk and lose it all during stable times, the government — if is actively helping its people — helps you to have a much greater chance to get back up on your feet. In stable times you can also generally trust that whatever is considered legal tender (such as a fiat currency like the US dollar or Chinese Renminbi) will be accepted as a form of payment.

This post was published at Crypto Coinnoisseur on September 10, 2014.