BTC is the international or the universal abbreviation for bitcoin. As you all know, bitcoin is an online currency that you can use on selected transactions that are accepting it. Way back there are only very selective transactions that one can use it with, but now thanks to its growing popularity, there are more products and services that are accepting bitcoin. What makes bitcoin unique?
For starters, it’s shrouded in mystery and it’s a self-sustaining currency, meaning no ones making it manually. Everything is automated. Today it has been estimated that 1 bitcoin equals to USD $ 7,749.91, so if you invested in bitcoins on its heyday, surely you got a really big paycheck because of it. But what made people switch to bitcoins anyway?
Being anonymous: The best thing about bitcoin is that you’re anonymous. Sure, you might be thinking that blockchain is a big ledger where people can find various transactions and you can. But the question is, do you have a tool to decrypt it? For the most part, it does its job well in hiding your identity. So you can speak soundly at night knowing that your wife won’t be able to trace any transaction (unless your wife is a master hacker and she has the tools to decrypt it) yikes!
One of the best things about paying with bitcoin is that it’s tax-free. Unless there are laws in your country that taxes it. But if it doesn’t then it doesn’t have a tax. No one can regulate it and that has been one of the reasons why its very hard to make a law to tax it, because no one is claiming responsibility for it. That’s why some people are seeing it as revolutionary money. Because you don’t pay anything for it. Its truly a free currency since it helps you save on taxes, and it’s a good investment as well.
Bitcoin is an online currency that many people are taking notice. Way back. Bitcoin was still used by a very few, there were very select products and services that accepts it. Now that it has become mainstream, it has now become a popular currency. How can you say that it’s popular now? Simple, because even online casinos are accepting it. If you want to play in online casinos using bitcoin, click the link.
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