nnnIn the event of a sudden increase in the money market, the profitability and the curiosity of the money market, which is dominated by Bitcoin and Taisha, have led to more people joining the field. In addition to investors and enthusiasts, personal pension accounts have begun to pay attention to Bitcoin, because the use of Bitcoin can get some benefits. The current position and volatility of Bitcoin in the legal field are both negative factors, but once these problems are resolved, their market potential will be enormous.n
nnTranslation: Annie_Xun
nBitcoin prices have grown steadily and reached the latest historical highs. Its successful development has attracted more and more people, curiosity prompted many people to participate in the field of encrypted money.n
nDay traders and encrypted money lovers are not the only groups that are addicted to this change.n
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nBit currency in an individual pension accountn
nThe Individual Retirement Accounts (IRA) are a tool for tax incentives, and people can prepare for retirement savings. Beginning in 2016, some companies used Bitcoil IRA to add Bitcoin to the US pension account, expanding the scope of the account.n
nInvestment in special currency with speculative. However, if the future development to the public to accept Bitcoin, get positive public opinion, Bitcoin prices are likely to reach $ 100,000 in ten years or even less time. This is an amazing investment project and an extension of the diversified portfolio.n
nDespite the volatility of Bitcoin prices, more and more people consider using Bitcoin as part of a portfolio insurance strategy for the following reasons:n
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nChanged the way we traden
nOnline payment is not a new concept: credit cards, Paypal, Payoneer and trading services have all been more convenient. But the currency provided by the currency can cross the border and become a bridge between the currencies. Convenience and security is conducive to the transaction, compared with the competitors, the advantages of Bitcoin undeniable.n
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nBeyond national regulatorsn
nJapan has recently approved a special currency for the legitimate way of payment, the Fed is clearly not in accordance with their own laws to regulate or define Bitcoin. The global central bank institutions are not authorized to monitor Bitcoin, thereby increasing the credibility and transparency of Bitcoin.n
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nAdvantage technologyn
nBitcoin is the “new gold” of the virtual world. Google CEO Eric Schmidt said, “Bitcoin is a great achievement of encryption technology, it is in the digital world to create the ability to copy things with great value.”n
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nContinue to add valuen
nThe world is adapting to Bitcoin, and some important global forums and institutions are increasingly recognizing the global virtual currency status of Bitcoin.n
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nIRS is a currencyn
nThe IRS sees it as a currency and says:n
nn”IRS knows that ‘virtual currency’ may be used to pay for goods and services, or to speculate. Virtual currency is a numerical representation of the value of the trading medium, accounting unit, value storage. In some circumstances it is like ‘real’ Money, such as the United States or any country of paper money and coins, is the legal currency, can be circulated, habitual use, recognized as a currency issuing country trading intermediaries, but it does not have any legal system in the legal status.n
nnBitcoin is an example of a convertible virtual currency. Users can be digitized between the bit currency transactions, you can buy, you can exchange the dollar, the euro and other real currencies and virtual currency. In the federal tax system, the virtual currency is a property.n
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nFine tunen
nAlthough the price of Bitcoin is still fluctuating, its potential benefits are still huge. So you must consider the use of block-chain technology when doing a good job: your risk appetite may be able to measure your investment will.n
nYou can choose to hit the iron, or succumb to the fear of uncertainty.n