Why Crypto Will Take Over: Banks and Governments will prevent you from taking your money out!steemCreated with Sketch.

in money •  7 years ago  (edited)

Yes, folks. Get ready for it.....

Wish I was making it up.... but they are passing laws to stop you even being able to get your money out, once your bank fails.

Get your crypto, gold, silver... and NEVER keep money in your bank.....

http://www.zerohedge.com/news/2017-07-29/its-your-money-you-can%E2%80%99t-have-it-eu-proposes-account-freezes-halt-bank-runs

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After 2008 they just made it legal to bail in the banks with everyone's deposits and 401ks. When everything starts to implode of course they will stop withdrawals, thats their final bonus.

I don't have a single penny in my bank account nor in crypto. Oh wait I'm poor!

If you want some crypto you can sell a service or product and get paid in Bitcoin or whatever you want.

Don't keep your crypto in your exchange, either. BTC-e...yikes!

You said it ... bad idea!