I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?
If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?
why would I invest money in Bitcoins at the end of the day?
- Because bitcoin has volatility that can increase the value at any moment while money can't do.
why would I convert money into Bitcoins?
- It is simply because bitcoin its not just a virtual currency but also a kind of investment which can give you profit.
What's the difference between Bitcoins and dollars?
- There differences was Bitcoin is decentralize, and has volatility aggressiveness sometimes in the exchange market. While Dollars was centralized and being controlled by the government which is connected into a regulated industry and has taxes compared to Bitcoin no tax at all.
Currency is all about trust and users' perception of it. Looking back in history people didn't really trust paper checks and paper money which was introduced later on. At first fiat money was gold-backed but abolished later on. Bitcoin monetary system still needs to improve its stability mainly with market capitalisation increase. This should make it more trust-worthy and widely accepted. In the meantime BTC will be a highly profitable currency due to its price volatility.
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