Bitcoin Guides, Reviews & Tutorials for Newbies
Best Bitcoin Exchange
Find the best place to buy and sell Bitcoins from dozens of exchanges
Buy Bitcoin Instantly
Learn how to get your first Bitcoin online or in person safely
Best Bitcoin Wallet
Choose the most secure wallet for storing your coins
What’s important to understand about Bitcoin, is that it’s like cash. If you lose it – tough luck. Paypal, on the other hand, is just like any other credit card company that deals with fraud and customer complaints. This means, that theoretically, someone can buy BTC (Bitcoins) with Paypal, get the goods and complains of never receiving them.
The very reasons why Bitcoin has taken off today will be major reasons why its value is likely to collapse tomorrow. . . . [dramatic price instability] will cause the ultimate failure of the Bitcoin experiment. . . . Bitcoin will fail because a small number of hoarders control most of the supply.
At the height of its popularity, Bitcoin was trumpeted as a viable alternative currency for the internet age, a monetary system engineered to prevent theft, gaming, and criminalization. Then came the malware, the black market, the legal ambiguities and The Man. Today, you can’t even use it to buy Facebook stock.