From my last post about Bitcoin investment, following the valuable contributions of members of the forum, I learnt that Bitcoin investment is not just something that blossoms in a few days, rather it takes patience.
That gave rise to my new topic.
Bitcoin isn't just an investment, but it is the future...
Let's all share our thoughts about this, in order to encourage ourselves and build a stronger community of users.
if you use bitcoin, you are trusting your money to a complex system you dont understand, people you know nothing about, and an environment where you have no legal recourse. In the traditional world of investing, this would raise enough red flags to make it a bad idea. On the other hand, the European Central Bank reports that Bitcoin is just one of over 500 digital currencies now in circulation around the world. Even it Bitcoin ultimately fails or is relegated a minor role on the world stage, one of its successors could radically alter the way the world thinks of currency.
So what does the future hold for Bitcoin and other virtual currencies? It is safe to say that they are here to stay. You can use the virtual currency to make purchases in a wide variety of video games and some retailers like overstock.com and tigerdirect.com. You can also use bitcoin to safely purchase gift cards for hundreds of business like Home Depot, KMart, and amazon.com. However, the Bitcoin website notes that Bitcoin is not a fiat currency with legal tender status in any jurisdiction. And based on the regulatory and enforcement actions of major governments, including the United States and Russia, that status is unlikely to change anytime soon.