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Honestly, if there's no need to use bitcoin there's no point buying it. It's no less secure than normal money, especially if you've given your ID to an exchange. And the fact it runs on a blockchain means it's easy to track down the holders of any amount of BTC previously transacted (i.e. recorded on the public ledger that anyone can access).
So unless you must use BTC, or see some value in it as an investment, i'd personally stick to cash. BTC is too volatile to be a good currency.
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Some exchanges don't request ID, however I agree theres no point in having an account unless your looking to use the currency. Investment is quite risky due to BTC volatility from day to day even.
Success!
To laugh often and much, to win the respect of intelligent people and the affection of children, to earn the appreciation of honest critics and endure the betrayal of false friends, to appreciate beauty, to find the best in others, to leave the world a bit better, to know even one life has breathed easier because you have lived.
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Any cryptowhales out there confident in the value of BTC as an investment? I'd love to hear your opinion. It's still anyone's guess where cryptos are headed.
Personally if the option's there i would use Monero. It's untraceable but isn't much adopted yet, definitely much more secure than using BTC as payment.
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How do I find which vendors that take bitcoin? Is there a list somewhere?
(I'm still new here so if this has been discussed here somewhere before please let me know)
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11-04-2018, 05:18 PM
(This post was last modified: 11-04-2018, 05:23 PM by quickfix.)
Don't discuss vendor p methods.
Success!
To laugh often and much, to win the respect of intelligent people and the affection of children, to earn the appreciation of honest critics and endure the betrayal of false friends, to appreciate beauty, to find the best in others, to leave the world a bit better, to know even one life has breathed easier because you have lived.
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This is my favorite payment method because there is no company in the middle to decline any transaction. I am relatively new to it and the biggest challenge I have is getting money into it quickly to make a payment. Do not let money sit in BTC right now because it is very unstable.
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I think it would be a last resort for me and I certainly agree that the money should never just sit there. The lack of traceability and no middle man is attractive though.
