Cryptocurrency trading strategy 3 how to convert bitcoin to usd or fiat currency
Bitcoin is the most revolutionary technology in human history. Bitcoin crosses language, technological, governmental, political and financial exchange barriers. Anyone with a smart phone can send or receive bitcoin in a matter of seconds. It's like the world's first universal currency. It has properties like gold, yet it's stealthier.
There are multiple attributes of money dancing in harmony with one another. The level of harmony depends on the asset, currency or value being used and exchanged.
No form cryptocurrency trading strategy 3 how to convert bitcoin to usd or fiat currency money can simultaneously have the best of all attributes, however bitcoin comes very close to achieving this. With a few lightning fast tricks, the price of bitcoin can be hedged like magic. Money has three attributes, medium of exchange, unit of account and store of value. Everyone gets the medium of exchange concept but rarely understand the other two attributes.
The US dollar is a good unit of account because we buy things in dollars and use it for reporting on financial statements. People don't think of a dollar going up and down in value like precious metals, securities and commodities so it works well to report things in US dollars or Japanese Yen and so on.
Bitcoin is hands down the best medium of exchange in the world. Read my blog the definition of bitcoin explained by 4 opposites. Its also a great store of value resulting from a predictable programmed monetary policy of 21, bitcoins. If the value goes up while the number of bitcoins stay constant, then the price of bitcoin has to go up.
Bitcoin prices fluctuate over the short term while the store of value is a play for the long term. Your strategy and use of bitcoin determines how and where you store bitcoin. Merchants may accept bitcoin but prefer to hedge from price fluctuation. Others may want to benefit from bitcoin price fluctuation or hedge against high deflationary currencies by holding bitcoin. There are many countries in the world where fiat currency is very unstable so holding bitcoin is very stable.
Bitcoin can be used as a hedge or bitcoin can be hedged against. It's just a matter of choice. Gold has been viewed as the best store of value worldwide for more than 5, years. Bitcoin is like digital gold but better. It's divisible to 8 decimal places and can be exchanged halfway around the world in seconds. You obviously can't do magic tricks like that with gold.
You can do this magic with Vaultorothe bank independent way to trade gold and bitcoin. The old and the new are best financial dynamic duo of all time. Get up cryptocurrency trading strategy 3 how to convert bitcoin to usd or fiat currency speed as fast as possible by getting The Ultimate Bitcoin Business Guide so you cryptocurrency trading strategy 3 how to convert bitcoin to usd or fiat currency confidently store you bitcoin and use cool platforms like Vautoro.
There are hundred of other cryptocurrencies besides bitcoin BTC some of which are clones while others are completely redesigned robut protocols. Any cryptocurrency can be frictionlessly exchanged for another in seconds shattering the rusty old rail model of banks and credit cards. You can get in and out of an asset in the blink of an eye for the first time in world history. Once you have bitcoin you can slip it into Tether and hold it just like US dollars, but without using banks or bearing the related risk.
You can slip back into bitcoin or any other crytocurrency at any time. Upholdformerly bitreserve. Uphold calls it a card, but card is simply another unique bitcoin address.
You can hold your bitcoin in any of these currencies or commodities as long as you want. It's a bitcoin hedging tool similar to Tether with a wide range of asset hedging choices. Uphold is a centralized platform and bitcoin is bought and sold when exchanged for another asset. Conversely, Tether is a cryptocurrency with the attributes of a US dollar. All 3 lightning fast ways to hedge the price of bitcoin can be used at one time.
We highly recommend having multiple platforms ready at a cryptocurrency trading strategy 3 how to convert bitcoin to usd or fiat currency notice to solve your execution of strategy needs.
It's required reading or listening so you and your business can start playing with and benefiting from 21st century money. Three Attributes of Money Money has three attributes, medium of exchange, unit of account and store of value. World Champion Medium of Exchange Bitcoin is hands down the best medium of exchange in the world.
What is Bitcoin Used For? Lighting Fast Hedge 1 Gold has been viewed as the best store of value worldwide for more than 5, years. Lightning Fast Hedge 2 There are hundred of other cryptocurrencies besides bitcoin BTC some of which are clones while others are completely redesigned robut protocols. Lightning Fast Hedge 3 Upholdformerly bitreserve. Up to Speed in No Time All 3 lightning fast ways to hedge the price of bitcoin can be used at one time.