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Big Catch Animation

April 02, 2015

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What Can You Do With Bitcoins?

Join Now Join Now What Can You Do With Bitcoins? In most ways, using bitcoins works the same way as using paper money, but with some key differences. Bitcoins do not exist in its physical form, as their primary form of existence is digital. They reside on your wallet or with any online service provider. As bitcoins are currency, many businesses accept them. In fact, certain businesses accept only bitcoin as the mode of payment. That said, bitcoins are being used for multiple other purposes — and the rabbit hole goes pretty deep. Let’s dive into some of them. #1 — Long Term Investment The value of Bitcoins has soared up high in the last few years hitting many high records. In early May of this year (2017), the value of a single Bitcoin increased to almost $3000. However, many are hesitant to invest in bitcoins due to its high volatility — it tends to fluctuate a lot in price. Also because Bitcoins aren’t backed up by precious metals or bank...

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