006 Bitcoin vs Stocks: Both

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4y ago 13:31

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Both have their place, Bitcoin is not as good nor bad as people think.

Written post: http://stockpickinginsights.com/bitcoin-vs-stocks-both-again/

I prefer to invest my money in individual companies everytime. Low interest rates and Fiat supply increases are in part pushing stock prices higher, leaving me personally with no choices at the moment.

The first use of Bitcoin is buying and cold storing it. This protects your portefolio against Fiat currency headwinds (inflation).

The second use of Bitcoin is for everyday purchases. Exchanges such as Binance (not a paid endorsement) offer free Visa debit cards for you to use where Visa network payments are allowed. Buy bitcoin, wait for enough appreciation to cover up spread and other roundtrip fees and use the card to pay for things such as groceries and fuel. Binance charges a spread both in Euro to Bitcoin conversion (0.3 – 1%) and Visa card payments (1 – 2.5%).

Read the first of the accidental ‘both’ series here.

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