\u201cIt is money\u201d.
\nNo it is not. No one thinks of prices in terms of bitcoin. When people think of prices they think in dollars. Bitcoin has 30 to 40% price swings in a week. I assure you if the dollar ever had these price swings, over time, dollars would no longer be considered money.<\/p>\n
\u201cIt is a way to escape the government monopoly of fiat currencies\u201d
\nIt is not. If you think this is true please consult with Ross Ulbricht. We know nothing about the origin of bitcoin. It is entirely possible elements within a government have created bitcoin. There was always talk about eliminating cash and having it all digital completely ending privacy over all transitions. Bitcoin plays right into Ken Rogoff \u201cLets eliminate cash\u201d crowd.<\/p>\n
\u201cIt is limited in supply and not centrally managed\u201d
\nTrue but irrelevant. While Bitcoin is limited in supply there are hundreds of other cryptocurrencies popping up. Cryptocurrencies can be generated endlessly.<\/p>\n
This will not end well for those involved.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u201cIt is money\u201d. No it is not. No one thinks of prices in terms of bitcoin. When people think of prices they think in dollars. Bitcoin has 30 to 40% price swings in a week. I assure you if the dollar ever had these price swings, over time, dollars would no longer be considered money. … Continue reading Lies About Bitcoin<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-154","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9wXzO-2u","jetpack_likes_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/posts\/154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/comments?post=154"}],"version-history":[{"count":4,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/posts\/154\/revisions"}],"predecessor-version":[{"id":158,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/posts\/154\/revisions\/158"}],"wp:attachment":[{"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/media?parent=154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/categories?post=154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/tags?post=154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}