In 2014, Bitcoin experienced a surge in value and users came to view the digital currency as a haven against fiat currency collapse. In January this year, the price of a single Bitcoin reached an all-time high of $1,200 (equivalent to about £800 at the time). Many people now see paying with bitcoins as easier, safer, and more convenient than using conventional payment methods such as credit cards or bank accounts.
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It seems like everyone is getting on board with Bitcoin these days: airlines are accepting payments in bitcoins; retail giants like PayPal and Starbucks have started enabling users to buy coffee with bitcoins, and even Hollywood is getting in on the act – several major movie studios have accepted Bitcoin payments for advertising services. So what do you say, folks? Have we convinced you yet? Here are some hilarious complaints about Bitcoins that you’ll find impossible to resist laughing at:
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You can’t use your credit card with Bitcoins!
Don’t worry – you can still use your credit card to pay for things with bitcoins, just be sure to use a virtual card that won’t show up on your bank statement.
You can’t withdraw your bitcoins from an exchange!
This one is a doozy. Many people are familiar with the idea of “withdrawing money” from a bank account, but they don’t realize that you can’t withdraw your bitcoins from an exchange! So even if you have a balance of bitcoins in your exchange account, you won’t be able to cash them out – you’ll have to store them somewhere until the next Bitcoin rally!
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You can’t buy real estate with your bitcoins!
One of the most common complaints about bitcoins is that you can’t buy real estate with them. This is because there is currently no legal way to do so. However, this isn’t the only problem with bitcoins – they can also be used to purchase a lot of other things such as drugs and pornography! One Reddit user was recently successful in purchasing an iPhone from a seller who advertised using bitcoins. So if you’re looking for a way to add some extra cash to your bank account, Bitcoins may not be the best option for you.
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You must verify your identity before using the Internet with Bitcoins!
Some people are worried about the security of bitcoins. They worry that someone might steal your bitcoins and use them to purchase something else than what you intended. However, this is a false worry. When you buy something with Bitcoin, you’re essentially paying more than you would if you were buying the product in physical currency. For example, let’s say you buy a pair of shoes with Bitcoin. You might be thinking, “Wow, I’m spending $30 on these shoes instead of the regular $20 I’d be spending in-store.” But this isn’t always the case. Sometimes, when you buy something with Bitcoin, the store may charge an additional fee for adding the Bitcoin to your account. This can add up quickly – especially if you’re buying a lot of items!
Bitcoin Doesn’t Work In The U.S.
Saying that Bitcoin doesn’t work in the United States is a lie! This is because the U.S. Dollar is the only global currency that’s legal tender in the United States.
Final Thoughts.
If you’re still not sure about Bitcoin, or you’re just curious about the currency and its history, we suggest checking out this video on how bitcoins work. After watching this video, you’ll be able to see why bitcoins are so popular and why they could be a valuable addition to your business.
