I agree, I don't think I would use them as an investment either. If I was a small business or looking to sell drugs or something, I would accept them as payment though.
A lot of the point of having bitcoin is that it can be relatively hard to trace. A lot of it is used on the "dark web".
I understand that, but now it is becoming more popular just to trade/invest. Most people don't want to give up their bitcoins right now because of the recent price surge. I wonder if drug addicts are having a tough dilemma..haha
Also, people are attempting to steal bitcoins. Its better not to tell people you own a position in cryptocurrencies.
Yeah, I have been reading about paper wallets, hard wallets, etc to prevent hackers from stealing...just reading up on it. All of it fascinates me at this point. I'm not much for investing myself, but I feel it may be something useful to know about.
We sold Bitcoin on December 16th at a decent profit. Man, I think it's nearly doubled in price since then. Ahhh....well.
And it just keeps getting funner.. https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html Tesla buys $1.5 billion in bitcoin, plans to accept it as payment
Well, I'm sure in a couple of years we all will be using digital money, I mean, we're already doing that. We buy some things at online stores and pay for them, we even don't go to a store anymore because all the goods are delivered right to our door. Network digital money is destined only for those who want to stay safe and anonymous. I use a bitcoin mixer, there are no logs stored, I mean all my transactions are fully anonymous and they're deleted right after mixing. This service works great and effectively makes my funds untraceable. It's safe and easy to use.
