I’m an artist, and I use Bitcoin for payments, but I’m also a bit of a geek, so I’m more than happy to buy digital assets.
I’ll take a coin like Bitcoin, or even some other digital asset for a fraction of what I might pay for the real thing.
I’m not worried about losing my coins, but if they crash, I’ll probably be in a bit more trouble than usual.
What are the advantages of using virtual currencies?
Well, they are more anonymous than the real ones, so you don’t need to keep track of where your money is.
If you want an easy way to exchange money for something else, Bitcoin is the way to go.
If that sounds like something you might want to consider investing in, it’s worth considering this article from Business Insider: Why you should consider investing your money in digital currencies.
I used to think that digital currency was like gold or silver, but the fact that it’s also backed by a trustless blockchain makes it much more stable and secure than those assets.
If Bitcoin or any other digital currency ever went up in value, it would make sense to invest some of that digital money into it to protect yourself.
For instance, if Bitcoin fell by 50%, you could buy a few ounces of gold to hold onto until the next time you need it.