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RE: 2nd Feb The Cryptoverse LIVE - Q&A + So Much News On Bitcoin, Cryptocurrencies and Blockchains!

in #cryptocurrency7 years ago

Do you invest in bitcoin similar to how you would a stock i.e. buy in anticipation of a price increase then you sell the bitcoin and convert it back to <abbr rel="tooltip" title="Currency that a government has declared to be legal tender, but is not backed by a physical commodity. For example the US dollar, the Euro and almost any other country related currency you can think of. Or, if the idea is that bitcoin will eventually replace fiat currency then there would be no point of converting it back to say USD even though the price goes up. So here the idea would be to get some bitcoin now and then have it available in the future when it’s the main form of currency. How do people approach this?