which is why they are so popular in Argentina:
...A German customer had paid the musician in Bitcoin for some freelance compositions, and the musician needed to turn them into dollars. Castiglione joked about the corruption of Argentine politics as he peeled off five $100 bills, which he was trading for a little more than 1.5 Bitcoins, and gave them to his client. The musician did not hand over anything in return; before showing up, he had transferred the Bitcoins — in essence, digital tokens that exist only as entries in a digital ledger — from his Bitcoin address to Castiglione’s.
Had the German client instead sent euros to a bank in Argentina, the musician would have been required to fill out a form to receive payment and, as a result of the country’s currency controls, sacrificed roughly 30 percent of his earnings to change his euros into pesos.
Bitcoin makes it easier to move money the other way too. The day before, the owner of a small manufacturing company bought $20,000 worth of Bitcoin from Castiglione in order to get his money to the United States, where he needed to pay a vendor, a transaction far easier and less expensive than moving funds through Argentine banks.
Frankly speaking Bitcoin is a huge risk, as we are well aware how badly it went down, so I don’t think one can trust this. I am lucky that I don’t use it at all since I prefer to work with other stuff like EUROS, I am currently working with OctaFX broker where they allow us to trade on everything yet I prefer currency trading where the charges are extremely low with just 0.2 pips, so that’s very handy to have!
ReplyDeleteWhat's a problem for lawmakers is definitely a win for regular citizens. I recommend taking you right of privacy seriously and use coins like Bitcoin and Litecoin with mixing websites, for example https://bitmix.biz/en if you're looking for a reliable one. Don't let banks and analysis companies gather your data.
ReplyDeleteMillions of new users enter the cryptocurrency market every year as a result of its growing mainstream adoption. As you start building your portfolio, you’ll need a place to store your cryptocurrency. With hundreds of different cryptocurrency exchanges in the market today, let’s explore some of the best Coinbase alternatives.
ReplyDeleteCrypto exchanges are a vital part of the crypto ecosystem. (Source: Pixabay)
However, Coinbase is not without its drawbacks. These are a few reasons investors often look toward the best Coinbase alternatives:
I completely agree with people who say that you can make good money on cryptocurrencies. If you have the necessary knowledge and experience, you can really get a good stable income from this business. Of course, you will need to spend some time learning, but it will be worth it! When you're ready to get started, visit and check Bitcoin price, where you will be up to date on the prices of all popular coins.
ReplyDelete