![Edgar Fernandes [Jan/3➞₿TC ⚡️ ŁTC 🔑]](https://pbs.twimg.com/profile_images/978786040000499712/E_Xjgdtw_normal.jpg)
What do u recommended for emergency cash reserves? Assuming u were in the UK and your local currency might be about to go down the pan
Some things you shouldn't use Bitcoin for: * Emergency cash reserve * Save to buy a Lambo next year Some things it can be reasonable to use Bitcoin for: * Protection from political risks * As part of balanced portfolio, save for >4 year goals e.g. retirement, education, legacy
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I don't know why there would be a suddenly larger chance of that in UK than in the past, but if your local currency suddenly depreciates you are SOL for emergency cash reserves (i.e. reserves you may need to spend at any time & need intact then). Some places paper $ or gold work.
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seems to me the future of the pound depends how our central bank deal with Brexit (or no Brexit, whatever happens). But I'll defer to your expertise if you think its not especially larger, and look into gold. Thanks for replying!
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I'm not an expert on the pound or the euro, just going by the market signals in this case. If you have better information than the currency markets it's a profit opportunity for you, by all means figure out deal(s) you can do to profit from it.
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Where can price get to in 4 years Nick ? $50k ??
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There's a big range of possibilities, a few much higher than that. Bitcoin fundamentals as I have studied them suggest to me that the price is likely to be substantially higher than today. Greater return is however very likely to come with greater volatility.
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A 4-year Lambo plan is okay right?
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If that's your kick go for it.
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Does it come in vegan?
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Only comes In
$bynd cool
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Hmmm... Not sure if I agree with the lambo part.
And I personally use bitcoin as a savings account. 
What are you trying to say here -
I think he’s saying if you’ll be dipping into your savings in less than 12 months, might be better to keep it in fiat. I don’t know if I agree
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Fiat sucks and is guaranteed to depreciate, but in stable countries, it will be predictable and slow. While BTC appreciates over the long term, it is volatile and unpredictable; if you are caught having to pay bills from it when it is down you can lose big.
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Right. My advice in this thread is targeted towards countries with stable currencies, not at the Venezuela/Argentina/Nigerias of the world, where a currency stable enough to be suitable as an emergency cash reserve may simply not be available.
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+Turkey, we have already hit our Ath in June 2019.
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The first part was good, the second part was crap.
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Explain yourself.
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