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“Could Bitcoin Prices Hit $100? This is Why Bitcoin is Doomed” – Profit Confidential | $449.79

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Although Bitcoin prices moved above $400.00 this week, another crash in the Bitcoin market is on the horizon. Investors are getting bullish on Bitcoin this week, but the reasons make no sense. In fact, the entire premise of Bitcoin mining is deeply flawed….

No merchant will risk accepting Bitcoin if it can’t be transferred back into their own currency. Even if they could pay their grocery bill, rent, and utilities using Bitcoin, there’s still the small matter of taxes. Ultimately, central banks need the authority to ease the pain of business cycles. That’s why Bitcoin is no more than a Libertarian pipe dream.

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Having delved into futures trading in the past, my intrigue in financial, economic, and political affairs eventually led me to a striking realization: the current debt-based fiat system is fundamentally flawed. This revelation prompted me to explore alternative avenues, including investments in gold and, since early 2013, Bitcoin. While not extensively tech-savvy, I've immersed myself in Bitcoin through dedicated study, persistent questioning, hands-on experience with ecommerce and marketing ventures, and my stint as a journalist. Writing has always been a passion of mine, and presently, I'm focused on crafting informative guides to shed light on the myriad advantages of Bitcoin, aiming to empower others to navigate the dynamic realm of digital currencies.

View all Posts by Alexander Reed

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