Is it better to have a Lot of bitcoins compared to rather having a lot of paper money or savings at the bank ? Thoughts
#cryptocurrency #money #bank
Actually many people are using cryptos now to store the value of their money or assets. However, I think cryptos are not good always to store the value because of the volatility.
kindly see the the documentaries of (Plot) YouTube channel in the YouTube, they are talking more about this.
Bitcoin is one of the future currencies and a means of commercial exchange, especially electronic commerce
Sure, cryptocurrency is the way to go although many governments are against it. Power consumption is also another issue that has to be solved.
My answer is NO. However, do not ask me when the value of cripto will go to zero. As long as demand exceed supply the bubble will continue but there will certainly an end to this euphoria.
I believe this question deserves a yes and no answer. Why? Yes cause crypto is what most advanced countries use right now and it's making waves all around. No because the government may get greedy and decide to make crypto worthless cause they feel it's taking away the spot of paper money.
Just my opinion.
Yes, we need to take a risk and invest as wealth people are going for it.
Bitcoin (not asset backed cryptocurrencies) is nothing more and nothing less than unlicensed gambling. Instead, central bank cryptocurrencies -- digital regular money issued by government -- will lead change.
Details are in my book: Bitcoin: The Mother of all Scams. https://www.amazon.com/gp/product/B095NMLM2F
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