Using bitcoin to hide money

hipcolumn
Posts: 112
Joined: Wed Apr 26, 2017 8:49 am

Using bitcoin to hide money

Postby hipcolumn » Fri May 19, 2017 7:48 am

Is Bitcoin good for hiding currency?

hendo
Posts: 105
Joined: Thu Apr 06, 2017 10:48 am

Re: Using bitcoin to hide money

Postby hendo » Sat May 20, 2017 6:29 am

It's better than any conventional banking solution as they are equivalent to handing over the keys to your money to another party. The bank can take your money, lock you out your account and give the government the access to your account to confiscate your money.

On the other hand, Bitcoin is decentralized and is autonomous to all the third party influence, so, it's pretty safe to say that bitcoin is a secure option to hide your money.

paranoidGlitch
Posts: 143
Joined: Wed May 03, 2017 7:38 am

Re: Using bitcoin to hide money

Postby paranoidGlitch » Tue Sep 12, 2017 8:23 am

people buy bitcoins from their money and save them cz this benefits them in both ways that is their money is saved bcz it is very secure and they can earn profits on it in future

pual
Posts: 77
Joined: Tue Sep 05, 2017 5:59 am

Re: Using bitcoin to hide money

Postby pual » Tue Sep 12, 2017 8:24 am

it is easy for robbers to rob house by sneaking into houses but the bitcoins still can't be robbed like this.

phil
Posts: 111
Joined: Thu Apr 06, 2017 8:52 am

Re: Using bitcoin to hide money

Postby phil » Tue Sep 12, 2017 8:24 am

there are pocket pickers but you bitcoins are save in your device and can't be accessed unless one knows the private key.

Ray
Posts: 103
Joined: Sat Apr 08, 2017 8:23 am

Re: Using bitcoin to hide money

Postby Ray » Tue Sep 12, 2017 8:25 am

yeah I have see people doing that.

reebrilliant
Posts: 135
Joined: Wed Apr 26, 2017 8:37 am

Re: Using bitcoin to hide money

Postby reebrilliant » Tue Sep 12, 2017 8:25 am

once I came across a funny image, a man in the picture was tired of saving his gold so he bought bitcoins instead and saved it in digital form.

Reyes
Posts: 93
Joined: Sat Apr 08, 2017 6:13 am

Re: Using bitcoin to hide money

Postby Reyes » Tue Sep 12, 2017 8:27 am

this is actually a very good way of saving money.

Reynolds
Posts: 86
Joined: Fri Apr 07, 2017 10:44 am

Re: Using bitcoin to hide money

Postby Reynolds » Tue Sep 12, 2017 8:27 am

money is something physical and is easy to be stolen but bitcoins is more secure.

Reynolds
Posts: 86
Joined: Fri Apr 07, 2017 10:44 am

Re: Using bitcoin to hide money

Postby Reynolds » Tue Sep 12, 2017 8:32 am

money is something physical and is easy to be stolen but bitcoins is more secure.

richardson
Posts: 70
Joined: Fri Apr 07, 2017 5:54 am

Re: Using bitcoin to hide money

Postby richardson » Tue Sep 12, 2017 8:33 am

money is considered what you have saved in banks and taxes apply to some limit but then you have bitcoins option, you can buy bitcoins and get yourself free from taxes.

rivera
Posts: 91
Joined: Fri Apr 07, 2017 5:45 am

Re: Using bitcoin to hide money

Postby rivera » Tue Sep 12, 2017 8:33 am

it is a good way of hiding from your wife too :D

robb
Posts: 73
Joined: Sat Apr 08, 2017 11:25 am

Re: Using bitcoin to hide money

Postby robb » Tue Sep 12, 2017 8:34 am

I think this is one of the great ways of hiding money, people know what you tell and they are secure too.

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