The Government Tries To Explain Bitcoin To Normal People – Time

Why Bitcoin’s Growth Should Explode – Yahoo Finance

Rather, the ATMs allow you to insert cash to be transferred into bitcoin to be moved into your digital wallet. The ATMs transaction fees may run as high as 7% and exchange fees $50 more than what youd get elsewhere and perhaps even more given bitcoins high volatility , the warning said. The CFPB additionally warned customers of scams enticing users to invest bitcoin on the promise of high interest rates and no risk. In actuality, their bitcoin may be funneled into something else entirely, like someones food, shopping and gambling habits.

Dear John: Retire later for more security | New York Post

Gox suddenly disappeared. The exchange had lost $460 million to hackers, and collapsed into bankruptcy. Customers have yet to recover any money. Some virtual currency exchanges do not identify their owners, their phone numbers and addresses, or even the countries where they are located, Mondays advisory warned.

4 Risks Bitcoin Must Overcome – Yahoo Finance

Why penalize the rest of the working public by continuously raising the wage ceiling? I am retired now and paid into Social Security for 43 years. Based on my benefit, I will get my money back in approximately 11 or 12 years.

That explosive growth will ensure a critical mass of people. One of the great things about bitcoin is that unlike WhatsApp, Facebook and other rapidly growing companies, retail investors have the same opportunity as big venture capital firms to invest and benefit from the expected explosion in usage and, therefore, price. Disclosure: At the time of this writing, David Smith has a long bitcoin position and owns So Whats Bitcoin?

WASHINGTON: Digital currencies such as bitcoin carry ‘significant risks,’ feds warn | Economy | McClatchy DC

Every honest bitcoin proponent will tell potential investors that bitcoin is high risk and not to invest a persons life savings. But exactly what are those risks? Regulatory The biggest is regulatory risk. Bitcoin makes value transfers more efficient by allowing transfers to go directly between two people instead of involving a payment processor. For example, when one swipes Visa to pay for gas or to buy an airline ticket, Visa facilitates the transaction. Visa takes on the risk of fraud and also incur expenses to process the transaction and provide customer support, among other things.

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