Are Bitcoins Safe to Invest In?
It has been a pretty good day for me, I finally sold my grandmother’s house and I made a good deal for me and my sister. The big thing turned out to be the land around the house though. The people who bought it seem not to care about the house in the least. They said we could keep it if we moved it and I think that seems like an okay deal for us. At any rate I have been looking at the bitcoin evolution lately, looking for a good place to put the money I earned. The big thing is really to avoid paying taxes in as far as this can be done without ending up in jail. I said this to a friend of mine and he seemed not to be thinking about the part where I wanted to avoid going to jail. At any rate he started talking about bitcoin and it was obvious to me that he saw it as a way to hide taxable income from the IRS. I wondered if that could be done in a practical way, again it was a big thing to stay out of jail.
At any rate I looked at bitcoin and I started to notice that the stuff has gone up year after year, albeit with wild swings in every direction as well. Of course so long as it goes up significantly, then there is not much reason to worry about the zig zags that it takes on the way there. In fact it has gone up a lot and it seems like the rate of increase is probably higher than any other investment I could get involved in. I do worry about the government, which obviously seems interested in people like my friend who want to hide their money from them.