Jack_Richi1
On-Chain Strategist
LEVEL 1
400 XP
Bitcurrency
Would you like it if you never had to pay taxes on purchases again? Would you like it if the world used the same currency? Bitcoin solves these problems. Bitcoin is an online currency that can be used and traded among any persons that owns bitcoin without bank or government control. This means there is no tax or regulations and this can allow for free movement among persons or companies that use bitcoin. Bitcoin the online currency should be accepted as a payment for any online service or product.
Thousands of companies that sell products or services online do not accept bitcoin as a payment. Many companies that do accept bitcoin think that it is the best choice they ever made. They have more freedom from the government than ever before and are able to make transactions quickly. “After a stunning rise in its value this year, the cryptocurrency has garnered attention from nearly every sector. New crypto hedge funds are popping up, with powerhouse firms like Andreessen Horowitz, Founders Fund, Sequoia Capital giving backing.†(https://cryptopotato.com). This is showing how many companies and hedge funds are starting to look for bitcoin because they see the possibilities that bitcoin has. They are opening up accounts and wallets for bitcoin because they want to be prepared for the future that bitcoin will bring to the financial industry. “People can send bitcoins to each other using mobile apps or their computers. It’s similar to sending cash digitally.†(
https://cryptopotato.com). Apps are already made for sending and selling bitcoin. This will make it much more accessible for people all over the world. This also benefits companies and their globalization, because if everyone uses the same currency then people from foreign countries can buy the same product as someone from the United States and pay with the same currency.
Companies all of the world could soon be accepting bitcoin as a currency. Many companies like amazon, ebay and walmart have set up websites and bitcoin wallets that can allow for bitcoin trading and holding. This means that the companies are setting up their online stores to accept bitcoin. “The company has not made an announcement regarding the reason for the registrations, but it could be preparing to accept the currencies as payment or launching an exchange for customers to purchase them.†(https://news.sky.com). They are announcing the acceptance of bitcoin but it is not a done deal yet, but this does show a commitment to the future currency. This shows how they agree with the currency and understand its potential. “Amazon has registered three new domains related to cryptocurrencyâ€(
https://news.sky.com). Amazon has made domains (URLs) regarding bitcoin. This shows their ability to accept bitcoin coming in the future and their support of this internet currency. Amazon will begin accepting the currency for purchases all around the world and any purchase on their website.
If bitcoin is not used as a currency for onlines transactions the world will continue to see the same financial problems. International sales will continue to be hard and our countries will continue to isolate themselves because of the difficulty of international trading. Bitcoin solves these problems by making it easy to buy and exchange bitcoin. “Many marketplaces called “bitcoin exchanges†allow people to buy or sell bitcoins using different currencies.†(http://money.cnn.com). These exchanges are getting people from all over the world involved in bitcoin by allowing more currencies to be used to buy bitcoin. This will get companies that wouldn’t normally sell internationally to move abroad and globalize. This can decrease prices and decrease demand. “People can send bitcoins to each other using mobile apps or their computers. It’s similar to sending cash digitally.†(
http://money.cnn.com). This makes banks and government obsolete in the money field. This will allow people to have complete control over the currency and more independence from the government.
The impact that bitcoin could make to the international finances is outstanding. This could open up international trade and continue the increase relationships among foreign countries and unify the world. Bitcoin is also a great investment for people around the world and would even make people around the world money by just holding onto bitcoin. “Compare that to some of the other places you could have parked your money. Investing in equities would have earned you a modest 9% through the S&P or 7% from the tech heavy. NASDAQ.â€(http://fortune.com). Investing in bitcoin by buying it would have made thousands of dollars and it still can. This is the increase in price of regular stocks, which isn’t a very high number and often lost investors money. These statistics show that bitcoin is the much smarter investment choice over regular stock. “Meanwhile, gold gave up most it gains from the year to finish up around 6% while oil was up about 50%. (The best performer of the year may have been chip stocks, which gained over 200%).†(
http://fortune.com). This shows the increase of price in gold and other stocks but bitcoin made over 500%! This shows that bitcoin would have made a much better investment for brokers and everyday people rather than regular stocks and gold.
Bitcoin is an up and coming currency already used and available by people all over the world. Bitcoin is great because it can't be taxed and it’s in the hands of the people instead of the government. Companies that sell products or services online should accept bitcoin as a currency to buy their products. Bitcoin is something that everyone should have. If everyone used bitcoin instead of dollars or any other physical currency we could hold all the power over the government and make purchases overseas much easier and faster.
Works Cited
Raviv, Pini. "Bitcoins As a Currency - Is It Possible To Really Use Bitcoins?" CryptoPotato. N.p., 22 Aug. 2017. Web. 30 Jan. 2018.
News, Sky. "Is Amazon Preparing to Accept Payments in Bitcoin?" Sky News. N.p., 02 Nov. 2017. Web. 30 Jan. 2018.
Yellin, Tal. “What Is Bitcoin?†CNNMoney, Cable News Network, money.cnn.com/infographic/technology/what-is-bitcoin/.
Roberts, Jeff John. “Bitcoin Ends 2016 as the Top Currency as It Nears $1,000.†Fortune, fortune.com/2016/12/28/bitcoin-2016-currency/.
Would you like it if you never had to pay taxes on purchases again? Would you like it if the world used the same currency? Bitcoin solves these problems. Bitcoin is an online currency that can be used and traded among any persons that owns bitcoin without bank or government control. This means there is no tax or regulations and this can allow for free movement among persons or companies that use bitcoin. Bitcoin the online currency should be accepted as a payment for any online service or product.
Thousands of companies that sell products or services online do not accept bitcoin as a payment. Many companies that do accept bitcoin think that it is the best choice they ever made. They have more freedom from the government than ever before and are able to make transactions quickly. “After a stunning rise in its value this year, the cryptocurrency has garnered attention from nearly every sector. New crypto hedge funds are popping up, with powerhouse firms like Andreessen Horowitz, Founders Fund, Sequoia Capital giving backing.†(https://cryptopotato.com). This is showing how many companies and hedge funds are starting to look for bitcoin because they see the possibilities that bitcoin has. They are opening up accounts and wallets for bitcoin because they want to be prepared for the future that bitcoin will bring to the financial industry. “People can send bitcoins to each other using mobile apps or their computers. It’s similar to sending cash digitally.†(
https://cryptopotato.com). Apps are already made for sending and selling bitcoin. This will make it much more accessible for people all over the world. This also benefits companies and their globalization, because if everyone uses the same currency then people from foreign countries can buy the same product as someone from the United States and pay with the same currency.
Companies all of the world could soon be accepting bitcoin as a currency. Many companies like amazon, ebay and walmart have set up websites and bitcoin wallets that can allow for bitcoin trading and holding. This means that the companies are setting up their online stores to accept bitcoin. “The company has not made an announcement regarding the reason for the registrations, but it could be preparing to accept the currencies as payment or launching an exchange for customers to purchase them.†(https://news.sky.com). They are announcing the acceptance of bitcoin but it is not a done deal yet, but this does show a commitment to the future currency. This shows how they agree with the currency and understand its potential. “Amazon has registered three new domains related to cryptocurrencyâ€(
https://news.sky.com). Amazon has made domains (URLs) regarding bitcoin. This shows their ability to accept bitcoin coming in the future and their support of this internet currency. Amazon will begin accepting the currency for purchases all around the world and any purchase on their website.
If bitcoin is not used as a currency for onlines transactions the world will continue to see the same financial problems. International sales will continue to be hard and our countries will continue to isolate themselves because of the difficulty of international trading. Bitcoin solves these problems by making it easy to buy and exchange bitcoin. “Many marketplaces called “bitcoin exchanges†allow people to buy or sell bitcoins using different currencies.†(http://money.cnn.com). These exchanges are getting people from all over the world involved in bitcoin by allowing more currencies to be used to buy bitcoin. This will get companies that wouldn’t normally sell internationally to move abroad and globalize. This can decrease prices and decrease demand. “People can send bitcoins to each other using mobile apps or their computers. It’s similar to sending cash digitally.†(
http://money.cnn.com). This makes banks and government obsolete in the money field. This will allow people to have complete control over the currency and more independence from the government.
The impact that bitcoin could make to the international finances is outstanding. This could open up international trade and continue the increase relationships among foreign countries and unify the world. Bitcoin is also a great investment for people around the world and would even make people around the world money by just holding onto bitcoin. “Compare that to some of the other places you could have parked your money. Investing in equities would have earned you a modest 9% through the S&P or 7% from the tech heavy. NASDAQ.â€(http://fortune.com). Investing in bitcoin by buying it would have made thousands of dollars and it still can. This is the increase in price of regular stocks, which isn’t a very high number and often lost investors money. These statistics show that bitcoin is the much smarter investment choice over regular stock. “Meanwhile, gold gave up most it gains from the year to finish up around 6% while oil was up about 50%. (The best performer of the year may have been chip stocks, which gained over 200%).†(
http://fortune.com). This shows the increase of price in gold and other stocks but bitcoin made over 500%! This shows that bitcoin would have made a much better investment for brokers and everyday people rather than regular stocks and gold.
Bitcoin is an up and coming currency already used and available by people all over the world. Bitcoin is great because it can't be taxed and it’s in the hands of the people instead of the government. Companies that sell products or services online should accept bitcoin as a currency to buy their products. Bitcoin is something that everyone should have. If everyone used bitcoin instead of dollars or any other physical currency we could hold all the power over the government and make purchases overseas much easier and faster.
Works Cited
Raviv, Pini. "Bitcoins As a Currency - Is It Possible To Really Use Bitcoins?" CryptoPotato. N.p., 22 Aug. 2017. Web. 30 Jan. 2018.
News, Sky. "Is Amazon Preparing to Accept Payments in Bitcoin?" Sky News. N.p., 02 Nov. 2017. Web. 30 Jan. 2018.
Yellin, Tal. “What Is Bitcoin?†CNNMoney, Cable News Network, money.cnn.com/infographic/technology/what-is-bitcoin/.
Roberts, Jeff John. “Bitcoin Ends 2016 as the Top Currency as It Nears $1,000.†Fortune, fortune.com/2016/12/28/bitcoin-2016-currency/.