Comments by "Fumble_ Brewski" (@fumble_brewski5410) on "Why I Didn’t Close My Canadian Bank Accounts" video.

  1. It’s a good idea only if you don’t mind losing 100% of your investment. A far better (and safer) strategy would be to purchase a traveler’s card (or travelers cheques) denominated in Swiss francs. This can be done at your local US bank or online. You then have the advantage of a strong currency (almost 1 to 1 exchange rate), plus the potential to make a (paper) profit on currency fluctuations. As an added bonus, it makes travel to Switzerland easier—no foreign exchange issues. Cheers.
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  2.  @xrpfreak7881  BTC is no different than earlier asset bubbles, going all the way back to the “tulip mania” craze during the 1600’s, or the Florida real estate frenzy of the 1920’s. As far as BTC being the “best performing asset” of the past 10 years, so what? People can’t invest in the past, unless you somehow have access to a time machine. Regardless, 10 years is just a minuscule slice of market history.  BTC is merely a novel pyramid scheme, whereby greedy promoters try to artificially inflate otherwise worthless ideas, make a “profit” on paper, and then sell them to a greater fool before they collapse—as we’re witnessing now. A modern “Ponzi” scheme, if you will. An historically tried and true store of value—gold—cannot be created from thin air, like BTC or FRN’s. Gold has a 5,000 year track record of value, and will be around long after BTC has vanished back into cyberspace. My advice is only put into BTC what you can afford to lose, because you surely will lose it all. Wishing you health, long life and prosperity.
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