In many countries it’s much easier to get cash for btc than cash for gold. But Bitcoin is not as liquid as it could be. In 5-10 years Bitcoin’s market will be comparable with gold. But today Bitcoin’s market is still limited.
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Bitcoin has been around the fringes of financial markets for less than a decade, but is slowly gaining prominence as an alternative asset class. I belive it could be a new gold.
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I'm affraid sooner or later they will do it. For example the National Assembly of Ecuador banned bitcoins including other decentralized digital/crypto currencies, due to the establishment of a new state-run electronic money system.
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Most predictions are quite optimistic. I strongly belive that Bitcoin is going to reach near $100k before this bubble bursts.
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I don't have 100btc, but if I would - I would store them on a different physical electronic device, built for the sole purpose of securing bitcoins.
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I use a ledger wallet, which is a budget price product but still very secure, and have found it to be very user-friendly
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One of the hottest trends that the Bitcoin phenomenon has brought with it is the search for Bitcoin jobs. Many people got jobs in the Bitcoin industry.
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Because they serve different purposes and are built on different algorithms. Even Bitcoin core itself has been reinvented a couple of times so far to test a new idea or go in a different direction than originally designed.
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Some people love bitcoins because they are not controlled by one central authority. Traditional currencies, such as the U.S. dollar, are controlled by the government’s central bank. The bank can print more money as part of government policy.
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Just as bitcoin has increased in value and popularity, so has the attention given to the digital currency by law enforcement agencies, making it a less attractive method of payment in the criminal world.
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The Bitcoin system uses a pseudonym of sorts to represent you in the system. This is not linked to any personally identifiable information and makes transactions anonymous.
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The problem with security set up for an electronic product is that there can always be something you didn’t know about – some tiny detail you missed which leaves a remote chance that somebody could steal your coins, or even novel exploit which nobody thought possible until it happened. Securing a piece of paper is always much simpler that securing data on an electronic device.
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Bitcoin is untraceable. Anonymity may draw in criminals in the sense that it is ways easier to sell illegal items when you can’t be traced.
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If you take the writing route for btc and your blog or website is a success, there is potential to make money through btc affiliate marketing.
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Bitcoin’s technology can be trusted so long as you know how it works, or if you rely on the right people. All of the thefts in recent years have been the result of carelessness on the part of bitcoin owners, or else incompetency or dishonesty from the companies they used
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Speculation and buying other speculative cryptocurrencies. Some of the main clear uses: utility tokens, asset backed tokens, store of value tokens.
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By the way seeing how the value changes so fast, how can people start seeing bitcoin as a currency for everyday spends and not as an investment?
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I buy small amount of crypto every mounth. Because you cannot determine whether its the lowest, middle or at peak price, and research further for more informations.
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It's secure but you still need to be very careful how you use your bitcoins and how you use your private keys. As in fiat world where people were giving away their credit cards in fake websites. A lot of innovations in the Bitcoin security is coming in this year.
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I expect Bitcoin to become worth a lot in the long run, so in the meantime, it is both a currency and a speculative investment. And I don't like nor trust the banks, insurance companies, unions or any other thing like that.
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