If you bought a purebred cat like the Maine Coon, he’d cost around one fifteenth (.067) of a bitcoin as at the date of this post. You can deal in bitcoin fractions. As the value of bitcoins rises rapidly purebred cats get cheaper. However, I don’t know of any cat breeders selling cats for bitcoins but it might happen as individuals are selling items for payment in bitcoins only. A artist in London did it when selling his paintings for instance. And another man sold his home in bitcoins.
Note: I have valued a good quality Maine Coon at $1,000. The bitcoin is worth around $15,000 at the date of this post. That will change!
Update March 2023: the bitcoin is worth £24,000 sterling. Today a Maine Coon would cost around one twenty-fourth (1/24) of a bitcoin. That is 0.042 of a bitcoin if it cost £1,000.
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Although I’ve been investing in cryptocurrency for quite some time, I’ve never bought anything with it. Have I ever withdrawn into cash? Sure, but I’ve never bought anything with cryptocurrency. I think it’s highly volatile for that. That’s why I just trade cryptocurrency, by the way I’m trying to trade with cryptocurrency robots now, let’s see what comes out of it.
Is it worth investing in cryptocurrency? What would you recommend for me in this case?
I personally have no issue with crypto gains and losses being treated the same as stock gains and losses and we have been doing that at USV for quite a while now. But I do have concerns that the way “brokers” are defined in the context of crypto is very different than how it is defined in the traditional financial sector. The language in the initial draft is overly broad, infringing on privacy, and technically unworkable. Crypto industry participants like miners, wallets, smart contracts, and other kinds of hardware and software cannot carry the same obligations as “brokers” like Coinbase and Square Cash.
Good thread! I’m interested in cryptocurrency trading and now I trying to read a lot of information about this. I think it can be good source of income and maybe my future main job. What do you think about this?
Nice post. Thank you for sharing this information with people. In turn, I want to give you advice. I follow all the news and other information about new coins, because I think that now it is a good option for investing money. Many projects look very promising and their prices may be rising. But I still recommend visiting the special exchange https://godex.io/affiliate-program, here you will receive pleasant bonuses and you will always know the latest information here.
“Silver” crypto coins Litecoin are not yet a very expensive digital asset, but despite this, they already have a whole range of advantages. For Ethereum, a simpler mining algorithm.
To mine Bitcoins, you need to equip powerful farms. This is, to put it mildly, a costly exercise (today a competitive farm can cost from 4 to 70 thousand dollars).