Are you taking any steps because of the Ukraine situation?

[DetailMouse]

The situation for those in the country is heartbreaking, I've sobbed at several news stories this morning and my heart aches for a Ukrainian friend whose family is still there.

On a far more selfish, practical level have you "done" anything to protect yourself and your own situation? If nothing else I can see an impending deepening of the financial crisis. A friend has taken all her money out of the bank, for example, but it's true she's prone to a bit of drama. Gas supply worries me a lot.

Is there anything we should be doing now to help a bit if the situation is prolonged or worsens?

The Bank of England says it is a cryptocurrency. www.bankofengland.co.uk/knowledgebank/what-are-cryptocurrencies

Prices will go up, they were anyway but this will make it worse. So I’ll try to be less wasteful with money.

Also trying to keep the car tank always half full cos last time we ran out of petrol I was nearly empty 🤦‍♀️

First, a bit of forward planning is not the same as panic buying.

Of course it's not. I forward plan and take sensible precautions. You panic buy!

Cash is useless in a total war situation. Appears no one has any idea what it’s really like.

Erm no, especially hard currency like dollars. A lot of people's lives have been saved by having the means to flee. Or to trade for food, drugs etc on the black market.

@DrSbaitso in a nutshell!

There we are, a sensible practical solution we could all do fairly easily with no effect on anyone else. Why the hysteria at the idea people might think about these things.?

Because you mentioned withdrawing life savings and runs on the banks?? (voice of sweet reason).

Of course life would be easier if we had a currency with some real backing and a financial system that hadn’t jumped on everything new, shiny, untested, requiring massive power input, ideologically deregulated and very vulnerable, abandoning reality to make a quick buck, instead of planning things properly.

@Wintersbone

Our international FA has advised us to more money into various international accounts. It's not true that people aren't doing anything. High worth individuals are doing quite a lot shifting around.

What else are they doing please?

Bitcoin is not a crypto currency, I don’t trade in bitcoin, it’s an asset. It’s decentralised, no one can control it.

It very much is a cryptocurrency that people hold as an asset - a very volatile one at that.

Bitcoin as a cryptocurrency is an anomaly of mathematical purity and impossible to be copied. Whereas all other crypocurrencies have thousands of competitors due to the fact they are structurally carbon copies 1) pre-mined 2) have owners 3) Proof of stake

It’s still a cryptocurrency though.

Bitcoin is a digital asset[1] designed by its inventor, Satoshi Nakamoto, to work as a currency.[2][3] It is commonly referred to with terms like: digital currency,[4]: 1  digital cash,[5] virtual currency,[6] electronic currency,[7] digital gold,[8] or cryptocurrency.[9][a]

@MissyB1

There’s nothing for us to do except pray for peace, and perhaps donate money for the inevitable refugee crisis.

Yes, praying and aiding refugees.

@NoddyMcdoddy

*Bitcoin is not a crypto currency, I don’t trade in bitcoin, it’s an asset. It’s decentralised, no one can control it.*

It very much is a cryptocurrency that people hold as an asset - a very volatile one at that.

There is no reward without Volatility, it’s currently trading as Apple, Facebook, google, Amazon traded in the same time line as it has existed.

Yes I know all this - I work in the industry and anyone would tell it is not advisable to hold all your assets in Bitcoin.

@NoddyMcdoddy

It’s still a cryptocurrency though.

Bitcoin is a digital asset[1] designed by its inventor, Satoshi Nakamoto, to work as a currency.[2][3] It is commonly referred to with terms like: digital currency,[4]: 1  digital cash,[5] virtual currency,[6] electronic currency,[7] digital gold,[8] or cryptocurrency.[9][a]

I would guess you have sourced your quote from google?

@NoddyMcdoddy

Yes I know all this - I work in the industry and anyone would tell it is not advisable to hold all your assets in Bitcoin.

What industry do you work in?

I remember someone taking all their money out if the bank during the Iraq war 🙄

Yes that from Wikipedia obviously.

It was the first ever cryptocurrency fact. It is a cryptocurrency.

Have taken out some cash to keep in the house

@NoddyMcdoddy

Yes that from Wikipedia obviously.

It was the first ever cryptocurrency fact. It is a cryptocurrency.

Your so sweet, bitcoin has become more than a crypto currency and no longer widely known as a crypto currency. It’s an asset.

She’s prob thinking cyber crime throwing banks into crisis more than a run in banks.

@DetailMouse why are you telling fibs about the stock market? It has not crashed. Please stop fear mongering.

@Rollonspring1111

What steps will I be taking? I'll be focusing on protecting my own mental health in order to deal with my own personal heartbreak. I will be focusing on staying strong and shutting down from the world's problems so I can deal with my own without having a complete breakdown. It doesn't mean I don't care. I just have a lot to deal with right now and don't have the emotional capacity to take on anything else.

This

The idiocy has started.
As I said earlier in the thread I needed to go to Costco today, so I'd let my car run lower than usual to top up there as it's cheaper. The queue to get on to the petrol station at the store was half a mile long and back to the dual carriageway. I had to get to the store as I'd booked in for tyre fitting so ended up sat for twenty minutes in it just to get to the service centre.

Drove home, still needing petrol and both our local Tesco's are now empty of both petrol and diesel. Fortunately our local independent who's a bit of a well kept secret was open and I managed to fill up.

Madness.

Disgraceful that Mumsnet is allowing these threads…I can see no good coming from them. Haven’t we learnt from early 2020.

Yes, still walking briskly.
The only difference I made to my 'routine' as it were, is to take £1k in cash out of a bank in case of the remote chance that financial systems, broadband and mobile calls are compromised/hacked and cards not accepted.
If nothing happens I can put it back.