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Using bitcoin to hide money

Posted: Fri May 19, 2017 7:48 am
by hipcolumn
Is Bitcoin good for hiding currency?

Re: Using bitcoin to hide money

Posted: Sat May 20, 2017 6:29 am
by hendo
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.

Re: Using bitcoin to hide money

Posted: Tue Sep 12, 2017 8:23 am
by paranoidGlitch
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

Re: Using bitcoin to hide money

Posted: Tue Sep 12, 2017 8:24 am
by pual
it is easy for robbers to rob house by sneaking into houses but the bitcoins still can't be robbed like this.

Re: Using bitcoin to hide money

Posted: Tue Sep 12, 2017 8:24 am
by phil
there are pocket pickers but you bitcoins are save in your device and can't be accessed unless one knows the private key.

Re: Using bitcoin to hide money

Posted: Tue Sep 12, 2017 8:25 am
by Ray
yeah I have see people doing that.

Re: Using bitcoin to hide money

Posted: Tue Sep 12, 2017 8:25 am
by reebrilliant
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.

Re: Using bitcoin to hide money

Posted: Tue Sep 12, 2017 8:27 am
by Reyes
this is actually a very good way of saving money.

Re: Using bitcoin to hide money

Posted: Tue Sep 12, 2017 8:27 am
by Reynolds
money is something physical and is easy to be stolen but bitcoins is more secure.

Re: Using bitcoin to hide money

Posted: Tue Sep 12, 2017 8:32 am
by Reynolds
money is something physical and is easy to be stolen but bitcoins is more secure.

Re: Using bitcoin to hide money

Posted: Tue Sep 12, 2017 8:33 am
by richardson
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.

Re: Using bitcoin to hide money

Posted: Tue Sep 12, 2017 8:33 am
by rivera
it is a good way of hiding from your wife too :D

Re: Using bitcoin to hide money

Posted: Tue Sep 12, 2017 8:34 am
by robb
I think this is one of the great ways of hiding money, people know what you tell and they are secure too.