ARE YOU DIVERSIFIED? Prepare for Wealth Transfer – Prophetic Money

ARE YOU DIVERSIFIED? Here are practical tips/examples on how to diversify in preparation for the coming Wealth Transfer. — Prophetic Money

This is Not Financial Advice. For Entertainment purposes only.

The Bible warns us that we should NOT Fear, but be prepared, take precaution, and Not be afraid to take calculated risks.

Here are the problems we need to address with our diversification, and questions you need to ask yourself:

1. Failing Stable coins
   1. Are you prepared for a USDC collapse? What about a USDT collapse? Do you have your buy/sell limit orders split up among USDT, USDC, USD, so that if either or both stablecoins collapse, you at least still have 30% of your investments still safe.
      
2. Do you have sell/buy limit orders set up, or are you trying to time the market, and hoping you can quickly log in during the crash, to sell everything? What if the exchanges don’t let you log in, as has happened many times before, when too many people tried to log in all at once.
   
3. Failing Fiat money (US Dollar)
   1. Have you invested in precious Metals? Physical or ETF (PSLV – physical silver in Canadian vault), or both? ETF could fail, but even physical may not be any better if you show up at a bullion dealer and they say they don’t have the money to buy back your gold/silver – and you are stuck with an unusable brick/coins. What if the price of precious metals starts crashing (Christopher Harris prophesied a Gold price crash from $35,000 to $300)? Will you pack your car with gold bricks and run to the precious metals dealer to try to sell it all? Will the precious metals dealer have enough cash on hand/bank to be able to buy back all your precious metals? Typically an ETF is a better solution in this scenario, as you can sell with one click. But what if the ETF is mismanaged, or the vault company/country holding your precious metals confiscates them for their own use? For example, what if Canada declared war on America (not likely, but you never know), and says we are confiscating all American citizen’s gold/silver held in Canadian vaults. There have been many news articles about Canada not having any precious metals because they sold them all years ago. So this is a very valid concern.
      
4. Failing or Hacked Crypto Exchanges
   1. How many different exchanges are you using? What if 2 or 3 of the exchanges you use fail or get hacked all at once, or are under investigation and all the crypto/assets become frozen indefinitely?
      
5. Failing Banks
   1. Do you have cash at home, in case your bank fails, and you lose the money in your bank account?
   2. Do you have accounts at more than one bank? Best to use multiple banks, in case one or more get shut down.
      
6. Hacked Crypto Wallets
   1. Is your hardware wallet hidden? Hardware wallets like ledger can be hacked if the hacker has physical access to the wallet. There are companies out there that actually do this for crypto owners who lost/forgot their seed phrase.
   2. 5/18/22 – Cryptocurrency Hardware Wallets Can Get Hacked Too
      https://www.wired.com/story/cryptocurrency-hardware-wallets-can-get-hacked-too/
      1/31/22 – Trezor responds after YouTuber hacks its hardware wallet recovering $2 million in crypto
      https://finbold.com/trezor-responds-after-youtuber-hacks-its-hardware-wallet-recovering-2-million-in-crypto/
      1/24/22 – Cracking a $2 million crypto wallet
      https://www.theverge.com/2022/1/24/22898712/crypto-hardware-wallet-hacking-lost-bitcoin-ethereum-nft
      Is your software wallet only used on devices free of viruses/malware? Do you have pincode security set on the wallet to make sure someone doesn’t maliciously use your finger print to access it on your phone while you’re sleeping. If your phone gets stolen, can your software wallet be easily accessed?
      Do you use multiple crypto wallets in case one or more of your wallets is stolen/hacked and your crypto is lost forever?
      Are you prepared for a crypto wallet maintenance – temporarily not working? Using multiple different wallet providers – not just 3 ledgers, or 3 trezors, or 3 exodus; but one of each… This happened to Ledger few months back when too many people started withdrawing crypto off centralized exchanges and sending to ledger, and the entire ledger system crashed. After a few hours, Ledger company was able to fix the problem.
      11/11/22 – A wave of panic: the FTX crash temporarily left Ledger users without crypto. Owners of Ledger’s popular hardware wallets for securely storing digital assets offline ran into problems connecting, authenticating and processing their deposits yesterday. All of this happened amid problems with the FTX crash, causing another wave of panic. The Ledger creators confirmed the temporary glitches.
      https://web.archive.org/web/20221111171130/https://buidlbee.com/panic-the-ftx-crash-ledger-crypto-crisis/
      11/11/22 – ​The FTX collapse crashed Ledger’s servers
      https://web.archive.org/web/20250110084703/https:/www.web3daily.co/articles/the-ftx-collapse-crashed-ledgers-servers
      11/10/22 – Ledger Experiences Outage Following FTX Collapse. Some users were unable to execute any transactions using Ledger Live due to outages, including withdrawals. Ledger announced its server outage has been resolved, and all systems are operational after about an hour.
      https://web.archive.org/web/20230526221503/https://www.cryptotimes.io/ledger-experiences-outage-following-ftx-collapse/
      
7. Unknown sequence of events (Shib first, XRP first, LUNC first?, Crypto Crash then XRP?)
   1. Are you trying to time the market by guessing which crypto will go up first, so that you can reinvest the profits into the remaining cryptos? Yes, we would all like to do this. But the reality is, some prophecies can change, so don’t have all your eggs in one basket and invest everything into one crypto, assuming, that specific crypto will definitely be the first crypto to go up.
      1. I believe, the main theory is that Shib should go up first, then LUNC, then XRP loses lawsuit, and causes a Bitcoin flash crash, causing all cryptos to crash. But then SEC lawsuit is reversed, and all cryptos go on a bull run. However, lately some people had dreams that XRP might go up first. Are you prepared if it does and the sequence of events changes? Some have said that Shib and LUNC together will go up first. Are you prepared if Ripple actually wins the lawsuit and is the first one to skyrocket, contrary to the main theory? In this scenario, if you were all invested in Shib only, you may miss out on the major part of the initial wealth transfer. So diversification is always best.
      2. Some people are waiting to buy XRP after the crypto crash. But what if XRP doesn’t crash lower than current price? What if there is a crash, but no one is able to buy, because crypto exchange not letting people log in, or all xrp supply is gone? What if the day SEC announces the XRP settlement, all XRP is pulled off the exchanges and no one is able to buy anymore ever again?

Here are some good bible verses about being prepared and planning ahead and about taking some calculated risk.

Being Prepared:

Proverbs 22:3 — The prudent sees danger and hides himself, but the simple go on and suffer for it.

Hebrews 11:7 — By faith Noah, being warned by God concerning events as yet unseen, in reverent fear constructed an ark for the saving of his household.

Luke 12:47 — “And that servant who knew his master’s will but did not get ready or act according to his will, will receive a severe beating.”

Luke 14:28 — “Is there anyone here who, planning to build a new house, doesn’t first sit down and figure the cost so you’ll know if you can complete it? If you only get the foundation laid and then run out of money, you’re going to look pretty foolish. Everyone passing by will poke fun at you: ‘He started something he couldn’t finish.’

Risk vs Reward:

2 Timothy 1:7 — For God hath not given us the spirit of fear; but of power, and of love, and of a sound mind (judgment).

Ecclesiastes 11:2 — But divide your investments among many places, for you do not know what risks might lie ahead.

Ecclesiastes 11:6 — Sow your seed in the morning, and at evening let your hands not be idle, for you do not know which will succeed, whether this or that, or whether both will do equally well.

Matthew 25:28–30 NIV — “‘So take the bag of gold from him and give it to the one who has ten bags. 29 For whoever has will be given more, and they will have an abundance. Whoever does not have, even what they have will be taken from them. 30 And throw that worthless servant outside, into the darkness, where there will be weeping and gnashing of teeth.’

Matthew 25:28–30 MSG — “‘Take the thousand and give it to the one who risked the most. And get rid of this “play-it-safe” who won’t go out on a limb. Throw him out into utter darkness