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A beginner’s guide to explain Crypto to friends and family

A beginner’s guide to explain Crypto to friends and family

https://reddit.com/r/<a title="" class="aalmanual" href="https://cryptonewmedia.press/category/bitcoin/">Bitcoin</a>/comments/pxtorr/a_beginners_guide_to_explain_crypto_to_friends/


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28 Comments

  1. After slamming BTC now do the same with the $US dollar:

    – Fed prints money digitally whenever they want
    – Treasury buys up the IOUs
    – nothing to back it (no standard like gold or finite amounts) just what the US says
    – $ value dropping as other countries move off our currency to others

  2. Which one does not belong?

    Assets that store value (categories):

    USD

    BTC

    Housing

    Land

    Commercial real estate

    Private businesses

    Very rare items (art, cars, collectibles, etc)

    Other financial instruments (Insurance, private equity funds, markets for accredited investors only, SPACs, credit default swaps, CDs, Bonds)

    You work, trading Time. You receive a store of value unit. You can choose where to store the value. Each unit carries different risks. Each unit can’t be as easily converted.

    Most importantly, all Units DO NOT store value equally.

What do you think?

Elon Musk Urged The US Government to Do Nothing with Crypto Regulations

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