Would you invest in bitcoin or future online virtual currencies?

Would you invest in bitcoin or future online virtual currencies?
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1 Answer

Answer :

answer:Maybe when it’s more commonly accepted (probably not “universally”, but even credit cards aren’t universally accepted) as currency. I’ve long been in favor of “private” currency, especially considering the silent theft that governments universally accomplish via inflation. Silent, and tacitly accepted abetted by people who should know better.
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Related questions

Is it worth my time to invest in Bitcoin?

Description : Is it worth my time to invest in Bitcoin?

Last Answer : answer:I looked into this recently and decided: no, I missed the boat. The currency is valued pretty highly right now, so you're not likely to make money by waiting for it to gain value. Mining is ... up the guy who bought $27 in bitcoins 4 years ago and realized recently that he is a millionaire).

What is the best website to invest in bitcoin?

Description : What is the best website to invest in bitcoin?

Last Answer : There are investment sites accept bitcoin as a payment, but the problem is that most of those investment sites aren't 100% safe, some of them went scam after a few months and bring those bitcoins or cash with ... if you have funded bitcoin a year ago, and cash it out today you can even buy a car.

How to invest in Bitcoin mining in india?

Description : How to invest in Bitcoin mining in india?

Last Answer : Answers is the place to go to get the answers you need and to ask the questions you want

How to invest Bitcoin in cloud mining?

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How to invest in Bitcoin?

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What are your thoughts on Bitcoin?

Description : What are your thoughts on Bitcoin?

Last Answer : There was an article in the NY Times recently about how hackers can drain your entire bank account via Bitcoin. I’d never do something like Bitcoin for that reason. Not that any other type of banking is 100% safe but Bitcoin is one more way your info is out there waiting for you to get fucked.

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Did I invest wisely?

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What do you invest in with one million dollars?

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What are the best ways to invest money?

Description : What are the best ways to invest money?

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Description : I have $7,000, what should I invest it in?

Last Answer : Open a Roth IRA. Then continue to fund it.

I have $6,000 in my savings and want to invest it. Any ideas?

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What are the best stocks to invest in right now (for a beginner)?

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What's the best way to invest $20K ?

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Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

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Would it be wise to invest in FannieMae or FreddieMac while the stock is down?

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What should i invest in?

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A company wants to build a test environment to test software updates and new solutions. The environment should mirror the production environment and be secure and inaccessible from outside the company network. The company does not want to invest in infrastructure that may be idle for a significant amount of time. Which cloud computing model will satisfy all these requirements? A. Public Cloud B. Private Cloud C. External Cloud D. Virtual Private Cloud

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Do you think Bitcoin is the future?

Description : Do you think Bitcoin is the future?

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What will be the future of bitcoin and other cryptocurrencies?

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How do I set-up and/or invest for my future?

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What will be the format of money exchange with aliens in future?

Description : What will be the format of money exchange with aliens in future?

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When multiple husbands and wives become legal in the future, how will social security be affected?

Description : When multiple husbands and wives become legal in the future, how will social security be affected?

Last Answer : This will never happen.

What is the future outlook for an editor?

Description : What is the future outlook for an editor?

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I fantasize a lot about my future. I mean A LOT. Is it unhealthy?

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Last Answer : I think it’s healthy to think about the future…just don’t get too caught up thinking about the future and forget to live the current….

Why would anyone put even one cent into crypto-currencies when theft seems to be the main way to make money?

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Do you think the CCP attempt to crack down on crypto currencies must backfire in the end?

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Would it be beneficial to permit ATM'S to print currencies?

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Description : What is cross rate ? (A) A rate of exchange derived from central bank (B) A rate of exchange between two currencies, other than those that form a market's principal rates (C) A rate of ... for buying currencies (D) A rate of exchange quoted by a dealer in foreign exchange for selling currencies

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Description : Full convertibility of a rupeee means - (1) purchase of foreign exchange for rupees freely (2) payment for imports in terms of ruppes (3) repayment of loans in terms of rupees (4) determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

Last Answer : (4) determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply Explanation: The full convertibility of the Indian currency means ... governmental control. Presently, the issue of capital account convertibility is in the discussion stage.

Under flexible exchange rate system, the exchange rate is determined by - (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Description : Under flexible exchange rate system, the exchange rate is determined by - (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Last Answer : (2) the forces of demand and supply in the foreign exchange market Explanation: A floating exchange rate is a type of exchange rate regime wherein a currency's value is allowed to ... by the foreign-exchange market through supply and demand for that particular currency relative to other currencies.

Which two countries agreed to trade in their local currencies? (a) Saudi Arabia and Pakistan (b) China and Pakistan (c) Japan and China (d) None of These

Description : Which two countries agreed to trade in their local currencies? (a) Saudi Arabia and Pakistan (b) China and Pakistan (c) Japan and China (d) None of These

Last Answer : (b) China and Pakistan

____________ rate is the ratio for exchange of two currencies.

Description : ____________ rate is the ratio for exchange of two currencies.

Last Answer : Exchange,

Under the historic adjustable pegged exchange-rate system, member countries were permitted to correct persistent and sizable payment deficits (i.e., fundamental disequilibrium) by: A. Officially revaluing their currencies B. Officially devaluing their currencies C. Allowing their currencies to depreciate in the free market D. Allowing their currencies to appreciate in the free market

Description : Under the historic adjustable pegged exchange-rate system, member countries were permitted to correct persistent and sizable payment deficits (i.e., fundamental disequilibrium) by: A. Officially ... depreciate in the free market D. Allowing their currencies to appreciate in the free market

Last Answer : B. Officially devaluing their currencies

If the Japanese yen depreciates against other currencies in the exchange markets, this will: A. Have no effect on the Japanese balance of trade B. Tend to worsen the Japanese balance of trade C. Tend to improve the Japanese balance of trade D. None of the above

Description : If the Japanese yen depreciates against other currencies in the exchange markets, this will: A. Have no effect on the Japanese balance of trade B. Tend to worsen the Japanese balance of trade C. Tend to improve the Japanese balance of trade D. None of the above

Last Answer : A. Have no effect on the Japanese balance of trade

Given an initial equilibrium in the money market and foreign exchange market, suppose the Federal Reserve increases the money supply of the United States. Under a floating exchange-rate system, the dollar would: A. Appreciate in value relative to other currencies B. Depreciate in value relative to other currencies C. Be officially devalued by the government D. Be officially revalued by the government

Description : Given an initial equilibrium in the money market and foreign exchange market, suppose the Federal Reserve increases the money supply of the United States. Under a floating exchange-rate system, the ... C. Be officially devalued by the government D. Be officially revalued by the government

Last Answer : B. Depreciate in value relative to other currencies

Small nations (e.g., Tanzania) with more than one major trading partner tend to peg the value of their currencies to: A. Gold B. Silver C. A single currency D. A basket of currencies

Description : Small nations (e.g., Tanzania) with more than one major trading partner tend to peg the value of their currencies to: A. Gold B. Silver C. A single currency D. A basket of currencies

Last Answer : D. A basket of currencies

Rather than constructing their own currency baskets, many nations peg the value of their currencies to a currency basket defined by the International Monetary Fund. Which of the following illustrates this basket? A. IMF tranche B. Special Drawing Rights C. Primary reserve asset D. Swap facility

Description : Rather than constructing their own currency baskets, many nations peg the value of their currencies to a currency basket defined by the International Monetary Fund. Which of the following illustrates this ... . IMF tranche B. Special Drawing Rights C. Primary reserve asset D. Swap facility

Last Answer : B. Special Drawing Right

Under the historic adjustable pegged exchange-rate system, member countries were permitted to correct persistent and sizable payment deficits (i.e., fundamental disequilibrium) by: A. Officially revaluing their currencies B. Officially devaluing their currencies C. Allowing their currencies to depreciate in the free market D. Allowing their currencies to appreciate in the free market

Description : Under the historic adjustable pegged exchange-rate system, member countries were permitted to correct persistent and sizable payment deficits (i.e., fundamental disequilibrium) by: A. Officially ... depreciate in the free market D. Allowing their currencies to appreciate in the free market

Last Answer : B. Officially devaluing their currencies

Under a pegged exchange-rate system, which does not explain why a country would have a balance-of payments deficit? A. Very high rates of inflation occur domestically B. Foreigners discriminate against domestic products C. Technological advance is superior abroad D. The domestic currency is undervalued relative to other currencies

Description : Under a pegged exchange-rate system, which does not explain why a country would have a balance-of payments deficit? A. Very high rates of inflation occur domestically B. Foreigners ... . Technological advance is superior abroad D. The domestic currency is undervalued relative to other currencies

Last Answer : The domestic currency is undervalued relative to other currencies

Under managed floating exchange rates, if the rate of inflation in the United States is less than the rate of inflation pf its trading partners, the dollar will likely: A. Appreciate against foreign currencies B. Depreciate against foreign currencies C. Be officially revalued by the government D. Be officially devalued by the government

Description : Under managed floating exchange rates, if the rate of inflation in the United States is less than the rate of inflation pf its trading partners, the dollar will likely: A. Appreciate against ... currencies C. Be officially revalued by the government D. Be officially devalued by the government

Last Answer : A. Appreciate against foreign currencies

Which of these is not the function of IMF? (a) It provides mechanism for orderly adjustment of exchange rate (b) It provides mechanism for international consultation (c) It provides forum for settlement of international trade disputes (d) It is a reservoir of the currencies of all the member countries

Description : Which of these is not the function of IMF? (a) It provides mechanism for orderly adjustment of exchange rate (b) It provides mechanism for international consultation (c) It provides forum for ... of international trade disputes (d) It is a reservoir of the currencies of all the member countries

Last Answer : (c) It provides forum for settlement of international trade disputes  

COUNTRIES AND CURRENCIES

Description : COUNTRIES AND CURRENCIES

Last Answer : Brazil ................................................:Cruzeiro Real Bulgaria ....................................................... ... are: Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain.