Bitcoin should I Invest? (credit, dividend, income, stocks)
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The best thing to do is to take all of your saved up money and invest it in a bitcoin exchange. Just buy bitcoins like you would a stock at a discount broker. I think you can just print a copy that includes your account number and balance (coins and value) to put in a physical safe deposit box or home fire safe and it will be backed up.
It's easy to convert bitcoin into anything you desire.
You should buy now before they go even higher, they can only go up with political instability.
Mining is hard now since all the easy code has been mined, but bitcoin is at a minimum to buy into with cash. Especially with US dollars.
I don't think it's something you invest in; I think it's more of an alternate form of exchange currency.
It sounds like a scam to me, especially the part about them being created by the solving of complex mathematical computations.
On the other hand, there used to be a similar alternative currency system where I live (not sure if it is still around, it was called "Metro Dollars" I think). Basically business would buy products and services from each other using these Metro Dollars. Since it was all "off the books" they avoided paying taxes on all transactions. It worked basically like a credit system, there were no actual Metro Dollars.
Problem due to his high volatility, it s too risky to invest. you can win but you can lose too.
and I have read many have seen their wallet stolen online with no way to get their money back.
Problem due to his high volatility, it s too risky to invest. you can win but you can lose too.
Sounds like every investment I have ever made. You can always win, and you can always lose. That's why it isn't insured. If you want that go to the US and get a savings account.
Without the risk of the investment going down, there will be no chance the investment will go up.
Quote:
Originally Posted by cheapcharly
and I have read many have seen their wallet stolen online with no way to get their money back.
People can get their money stolen, their identity stolen, their account ID's/passwords stolen with no way to get the money back...why is it different with Bitcoin?
Things get stolen if you are not careful. That is life. Why is it okay with your dividend income from US stocks, but not okay with Bitcoin?
I don't think it's something you invest in; I think it's more of an alternate form of exchange currency.
It sounds like a scam to me, especially the part about them being created by the solving of complex mathematical computations.
On the other hand, there used to be a similar alternative currency system where I live (not sure if it is still around, it was called "Metro Dollars" I think). Basically business would buy products and services from each other using these Metro Dollars. Since it was all "off the books" they avoided paying taxes on all transactions. It worked basically like a credit system, there were no actual Metro Dollars.
It's gambling, not investing.
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