Why investing in bitcoins is a bad idea
1. Bitcoin isn't really scarce · 2. It has a utility problem · 3. There's a low barrier to entry · 4. Few (if any) tangible means to value bitcoin. Bitcoin is a volatile investment. If you're looking for a “safe” investment with guaranteed returns, then don't invest in Bitcoin — or any. Since Bitcoin transactions are anonymous and unregulated, another disadvantage is the lack of security. Transactions done through Bitcoin are. CRYPTOCURRENCY COMPARED TO STOCKS
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IRS REPORTING CRYPTOCURRENCY SALES
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