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December 30, 2017, 04:52:23 PM |
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I have never used bitcoin as a means for payment of any illegal goods or services, and don’t plan on using it for that purpose. To me, I use BTC as a store of value. I bought in at around $230, and unfortunately have used it as a form of currency for the majority of my holdings. I’m finding that I now use Bitcoin Cash as currency, and hodl Bitcoin. I essentially compare Bitcoin to being my savings account, while altcoins act as my checkings account. Just like in fiat bank services, I’m able to transfer from my “savings” to my “checkings” account, but cryptocurrency to me is mainly a holdings.
Safe haven? Yes. Because I know that no governing agency can access my bitcoin, I also know that to be able to seize it is a near-impossible feat. Although I don’t rely solely on Bitcoin for everyday life, I do find myself buying more (at any price) with whatever excess fiat cash that I have.
I trust Bitcoin more than I do banks, so for me, it’s easy to call it a true safe haven.
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