What would happen if I bought $10,000,000 of bitcoin and handed the keys to my next of kin before I died?
Seems a handy way to skirt estate taxes at the moment
Cryptos are not an investment. They are a mania, like tulip bulbs.
Many people became wealthy from tulip bulbs but many, many more became destitute. But at least tulip bulbs produce a pretty flower. Cryptos are what exactly?
And... back to $9800
can it be purchased in smaller units?
And... back to $9800
can it be purchased in smaller units?
can it be purchased in smaller units?
And back to $9300.......
For those interested here is a list https://coinmarketcap.com/all/views/all/
I decided to try it out and see what happens. Invested $100 while bitcoin was $9300. I've been watching and trying to fully understand this, which i still don't fully. I've seen Amazon may begin accepting it come February and i figure if there's gonna be another big spike, that would be it. Along for the ride at $100. See what happens i guess.
I decided to try it out and see what happens. Invested $100 while bitcoin was $9300. I've been watching and trying to fully understand this, which i still don't fully. I've seen Amazon may begin accepting it come February and i figure if there's gonna be another big spike, that would be it. Along for the ride at $100. See what happens i guess.
You've probably heard all the "decentralized crypto currency based on a blockchain, peer to peer, blah, blah blah." Right? Look at it from an application standpoint. Let's say you travel to another country, you can convert your BTC into the fiat of the local economy with no hassle. Or, lets say you needed to send a relative some money in Vegas. You could send that money, at any time, in any amount in minutes, at basically no cost. Further, it's essentially inflation proof. If you buy in at a certain amount, the value will be maintained, regardless of what happens to the fiat you originally purchased it in. I'll give you an example, if you buy $1 in BTC today (purchasing power), and tomorrow that $1 (fiat) has a purchasing power of 10 cents, that wouldn't effect you. You would still have the full purchasing power of that original dollar.
The original code can be designed to create a number of different things (through forks)... faster transactions, lower fees, smart contracts... it's just amazing.
And for the libertarian minded....ALL without govt intervention to manipulate markets. If anything is going to stop the technology, govt will have to get back on track with creating many that actually has a legitimate backing (i.e. gold standard).
BTW, VERY conservatively, I think you will double your money by the end of next year.
Im hoping to at least double my money, but i guess its more of an experiment for me. Like i said i really don't understand fully, but i figured what the heck, worse thing that can happen is im out $100. No worse than going to the boats, which i don't do. Not much of a gambler, but I'm thinking this might be a decent bet
Time will tell.