Good on you...you figured out that Bitcoin and other crypto-currencies are a huge scam.- Sir Isaac Newton, a pretty smart guy, got snookered by the South Sea Bubble for example. With everything digital being 'hackable' this Bitcoin thing is vulnerable, it also depends upon electricity and technology.- So, if a 'hacker' doesn't steal it, then the computer can electronically fart, and/or the power goes out and voila! Aaaaand it's gone. Some have already lost their wealth by being robbed, others due to technical glitches.- I'd not trust it over hard assets myself.
Wednesday, 6 December 2017
Not one..............from Rico
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If by hard assets, you mean things like silver & gold, I quite agree.
If you mean any of today's currencies, backed by nothing, real property, which you actually rent, not own (Try not paying your annual property tax.), I lean toward storing at least part of one's wealth as cryptocurrency.
As to everything digital being 'hackable', storing one's bitcoin in an external wallet or even generating a 'paper wallet' lessens the risk.
& on the other hand, everything non-digital is pretty much 'stealable'.
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