And you know why? Just because more people know about cash, it is about the amount of people that believes in bitcoin, not about it uselessness just because.
While bitcoin can be used to buy things, at this time it isn't really suited for small transactions. Where bitcoin really shines is that it provides the holder with a store of value that's not tied to the financial system. If you have bitcoin in your possession, you still have it even if the bank is closed. It's always prudent to have some cash on hand in a disaster if the financial system goes down. Credit cards and ATM machines won't work. Holding some physical precious metals in your possession is also advisable in all circumstances. They provide good insurance.
And you know why? Just because more people know about cash, it is about the amount of people that believes in bitcoin, not about it uselessness just because.
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While bitcoin can be used to buy things, at this time it isn't really suited for small transactions. Where bitcoin really shines is that it provides the holder with a store of value that's not tied to the financial system. If you have bitcoin in your possession, you still have it even if the bank is closed. It's always prudent to have some cash on hand in a disaster if the financial system goes down. Credit cards and ATM machines won't work. Holding some physical precious metals in your possession is also advisable in all circumstances. They provide good insurance.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit