#6 Bitcoin’s 5 Cryptocurrency Rivals /\ long-held promise: to provide ample investment ideas in alternatives to Bitcoin.
5 Alternative Cryptocurrencies That Could One Day Rival Bitcoin
one concerned reader about Bitcoin, "just this time without the apparent backing (for whatever that may be worth) of a government or other similar entity."
contradiction, since what makes a currency fiat is the government backing itself. That's one of the key differences, and main attractions, of cyber-money.
One minor exception: various US government agencies during recent senate hearings said crypto-currencies aren't illegal in themselves. Other countries have mixed feelings…
How many Bitcoins for 100 tulip bulbs," our reader continues, referencing the Tulip Mania of 1637, "[could be] delivered next February [and] paid today… for deferred delivery?"
are we in one big bubble? Unfortunately, Bitcoin can't be shorted at the moment. In any case, as February approaches, that idea will be put to the test!
On the other side of the aisle are our optimistic friends and colleagues who believe that the U.S. dollar, the pound -- all global currencies, in fact -- will shift to Bitcoin. They believe it will be a virtual de facto gold standard that will one day dominate the global economy.
Whether that is the future or not, we don't know. Whatever the case, you need to understand what this means for your wealth, your investments and, frankly, America's economic future.
Bitcoin's meteoric rise could be far from over.
wow reading my friends,
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