I have never used bitcoin as a means for payment of any illegal goods or services, and don’t plan on using it for that purpose. To me, I use BTC as a store of value. I bought in at around $230, and unfortunately have used it as a form of currency for the majority of my holdings. I’m finding that I now use Bitcoin Cash as currency, and hodl Bitcoin. I essentially compare Bitcoin to being my savings account, while altcoins act as my checkings account. Just like in fiat bank services, I’m able to transfer from my “savings” to my “checkings” account, but cryptocurrency to me is mainly a holdings.
Safe haven? Yes. Because I know that no governing agency can access my bitcoin, I also know that to be able to seize it is a near-impossible feat. Although I don’t rely solely on Bitcoin for everyday life, I do find myself buying more (at any price) with whatever excess fiat cash that I have.
I trust Bitcoin more than I do banks, so for me, it’s easy to call it a true safe haven.
Topic: Bitcoin being a Safe haven for who? (Read 117 times)
Drug dealers and gambling operators.
We already know that bitcoin was early mostly adopted by darknet market for trading illegal goods mainly due to the pseudo anonymous nature of bitcoin and they had no better choice at that time.But now,bitcoin is known to people in all parts of the world and its usage has also wide spread i hope.
I would say that bitcoin is the safe haven for people who suffer from governments which impose very high taxes,from inflationary currencies issued by governments.
But still,critics of bitcoin continuously say that it is still being used mostly for illegal trades like drugs.
I think that those traders of illegal goods would have found altcoins like monero,zcash which provide full anonymity of transactions unlike bitcoin to be best suiting for them.
But if still,such dark markets use bitcoin for transactions which is pseudo anonymous and transactions of which could be easily traced,then what would be the reason for such markets to still choose bitcoin.
I would say that bitcoin is the safe haven for people who suffer from governments which impose very high taxes,from inflationary currencies issued by governments.
But still,critics of bitcoin continuously say that it is still being used mostly for illegal trades like drugs.
I think that those traders of illegal goods would have found altcoins like monero,zcash which provide full anonymity of transactions unlike bitcoin to be best suiting for them.
But if still,such dark markets use bitcoin for transactions which is pseudo anonymous and transactions of which could be easily traced,then what would be the reason for such markets to still choose bitcoin.
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