According to Luke Graham of NBC, some banks are considering using bitcoins to encrypt their money. Should millenials do the same thing?

0
0
Marked as spam
Posted by Ryan Lockman (MONEY FORUMS: 4, Answers: 2)
Asked on April 5, 2016 9:06 pm
55 views
0
Private answer

FDIC/NCUA > Bitcoin

Bitcoin for safety’s sake doesn’t make much sense. And it’s generally not a wise idea to model one’s person finances after those of a financial institution. Things could get really wonky in a hurry.

Marked as spam
Posted by Will Lipovsky (MONEY FORUMS: 0, Answers: 35)
Answered: April 12, 2016 4:56 pm
0
Private answer

Bitcoins are an extremely volatile form of currency, and the history of bitcoins shows a trend of being pretty shaky. I personally stick to what I know – using conventional ways of spending money, sending money online, and saving money online. Putting it in a different currency, especially a digital currency that most people do not fully understand, is a risk I am not willing to take.

Marked as spam
Posted by Catherine Alford (MONEY FORUMS: 0, Answers: 23)
Answered: April 6, 2016 10:38 pm