Bitcoin is just a currency like any other except instead of pretending to be back with something like (gold) there is just a finite amount of them. This however isn't backed by anything other than faith.
Not only that but all these big banks can and have already bought of a lot of this currency encase the world were to switch.
So do your self a favor a buy gold. They say "Gold Standard" for a reason. Gold is the best way for a currency to represent value, and it's a physical substance.
If things begging to collapse to the point where people don't trust the federal reserve then don't expect people to blindly trust a cryptocurrency that could be move, and manipulated much easier than gold.
Not to say these people don't own a ton of gold, but it's still more difficult to manipulate and it does have many important uses that will be coming up in this new era of technology.
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snooooze ago
This is a terrible idea...why?
Bitcoin is just a currency like any other except instead of pretending to be back with something like (gold) there is just a finite amount of them. This however isn't backed by anything other than faith.
Not only that but all these big banks can and have already bought of a lot of this currency encase the world were to switch.
So do your self a favor a buy gold. They say "Gold Standard" for a reason. Gold is the best way for a currency to represent value, and it's a physical substance.
If things begging to collapse to the point where people don't trust the federal reserve then don't expect people to blindly trust a cryptocurrency that could be move, and manipulated much easier than gold.
Not to say these people don't own a ton of gold, but it's still more difficult to manipulate and it does have many important uses that will be coming up in this new era of technology.