Bitcoin is going up fast. I was reading about a report how terrorists are starting to use bitcoin now because of the ease of anonymity.
I am guessing as soon as a major terrorist attack is funded by bitcoin, countries will start banning its use in their countries and that will be the end of Bitcoin. I also read that the main reason the american government has not closed in on bitcoin is because they themselves are using bitcoin for many illegal transactions such as arming certain militia groups etc. Its only a matter of time before a major terrorist attack gets funded via bitcoin.
What can bitcoin do to avoid terrorists from using it? Probably nothing because if it won't bitcoin if they start making it more like fiat currency.
Bitcoin is great for day trading and for short term investing but I would never keep very large sum long term there.
I was very reluctant on getting into bitcoin but recently i got in to withdraw some of my balance from betcris. When i withddrew i cashed out right away. But when bitcoin fell earlier i withdrew $3500 in bitcoin when bitcoin was sinking earlier.....it came as 1 bitcoin at that time but soon after the withdrawal it fell as low as almost $3k. Now its $6400. I just left that bitcoin in my wallet account just to see what happens because i was reading about some bitcoin pushers saying how bitcoin can grow to million haha. I don't believe it but i never believed it will come this high, so i decided to leave 1 bitcoin in my wallet just in case, so far its good, almost doubled the value in less than a month.
But how do you keep terrorists fuk from using bitcoin? is that a concern for any of you big time bitcoin investors?