Cryptocurrency

DWQA QuestionsCryptocurrency
TonyTiger asked 8 years ago

So has anyone heard of CryptoCurrency? I have somewhat heard of it. I'm getting more info, but supposedly it is a discrete form of currency transfer through a bit coin type system. I saw this guy in my contacts post about it and I am looking into it more, just wondering what anyone's got on it. The following is what he posted. "Many of you have probably heard the term cryptocurrency floating around the internet. Well, what exactly is cryptocurrency? This digital money is basically a source code based monetary system that is seemingly worthless or some even think it's illegal. These conclusions couldn't be further from the truth. I have personally earned enough money last year to live extremely well by partaking in this amazing new form of currency. Not only is it simple to acquire. There is no real way to track this currency if you follow a few simple tips. Yes, that means you pay zero taxes LEGALLY on this "imaginary" currency. I can tell you this much. Learn to use cryptocurrency and boost your passive income within a few short weeks. Im booked for consultations today, but please DM me for a free 5 minute consultation in cryptocurrency on Friday! Do not miss your opportunity to become self made in this new world economy. Let me help you out of the matrix."

2 Answers
Best Answer
SFS Staff answered 8 years ago
Crypto currencies are most definitely legit, at least Bitcoin and Light Coin, although I stay away from the others. Understand though that not all processors are created equal so you better trust the one you are working with extremely well if you are going to use an intermediary for your exchanges. We would suggest Bitpay we have had only good experiences with them. There are issues with crypto currencies though as they are not tied to an intrinsic value like gold the amount each coin is worth can fluctuate rapidly making them a bad medium of long term wealth holding. For short term or private transactions they are superb though!

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