Post
Topic
Board Bitcoin Discussion
Re: Let's Talk Bitcoin | Why I Invest
by
Ron~Popeil
on 13/07/2014, 20:52:41 UTC
Question: What financial freedom do I get out off Bitcoin if im poor as fuck and live in a country with high unemployment?

It actually has the potential to enable people in developing countries. There's a huge percentage of people who are unbanked or live with rapidly inflating currencies who can now have a form of secure banking with bitcoin. There are companies developing apps that will allow people to send and receive bitcoin on "dumb phones."

As a store of value I think it has great potential. I will trust the free market to maintain my wealth over the inevitable decline of fiat currency. I don't want to take part in recessions or depressions.