How did the kidnapper that you use bitcoin and you have 5000 Bitcoins. Well the first move would be to secretly contact the authorities/law enforcer to secretly device a plan to capture this guy cause transferring the ransom through bitcoin is really a bad move once you've sent the bitcoin therw is no guarantee that the kidnapper will free your love ones or worst he might already kill him/her. So the best way is to convert into your fiat currency and meet up with the kidnapper for money and hostage transfer.
exactly this. bitcoin is a revolution. it is new and it has been frighting a lot of people, people involved with banks and fiat and that old economy. it has been under heavy attack for 8 years and it still thrives. and to this day it is still the same decentralized money that nobody can control.Almost all of us will never ever stop buying bitcoin specially with the price that we are seeing right now,we can see a almost 20% dump at the price so this is the time that we must unleash all money on our wallets and buy more and more bitcoin!
Bitcoin is not entirely untraceable. Imagine your transaction history as an anonymous online profile. If you post enough personal information in the profile, it can still be tracked back to you even if it is anonymous. It's the same with tracking a chain of bitcoin transactions. Any type of currency is going to be used by people in the wrong ways. If we wanted to ban all currencies that were used by criminals, terroisits, for corruput purposes, and so on and so forth. We'd be back to the times of bartering cause we'd have ZERO currency.
All currencies are used for malicious acts. The MAJORITY of things that these currencies are used for (including bitcoin) aren't malicious/illegal and they're just being used for normal day to day transactions. It's really common sense when you think about it.
No, gold is a physical thing you can hold in your hand. Bitcoin is electronic data. It is stored on the blockchain for everyone to see. Everyone cannot see all the gold. The blockchain cannot be manipulated unless there is someone who controls over 51% of the mining power. Gold can be melted and turned into other material. Both are hard to change. Gold and Bitcoin are similar in some regards, but also very different.
There is always a war somewhere, but I don't believe it has any effect on whether people want gold or bitcoin.
yup you should invest on crypto currency.at 2009 one bitcoin price was equal to 0.3$.and nowadays it is more than 5000$.before you invest.please study 1st.