Yes, You Can Buy Bitcoin with PayPal
Currently less than 1% of people use bitcoin or some other form of cryptocurrency. Traditionally it has been very difficult to purchase cryptocurrencies. Most countries don’t know what to think about cryptocurrencies and do you blame them? If you live in the US or Canada for instance, do you think those governments want you to use their useless fiat currency or a digital currency.
Think about it, their currency is made from paper and crypto currency is made from … well, nothing. However, you can’t just keep printing up cryptocurrency on a whim. You can’t get some dude in a suit to say, “We are going to increase lending percentage rates to stimulate our currency which ultimately effects the value of that pretty paper… I mean money.
You can print up as many pretty-colored fiat currency bills as you wish when ever you want, especially when one of our wonderful politicians make a faux pas or want to fund some stupid leftist program. They actually like to increase or decrease the value of the money YOU earn to ‘stimulate’ their economies for the good or worse accordingly.
Indeed, governments are trying to undermine cryptocurrency. The Recent devaluation of Bitcoin was caused when someone hacked an email account at the Hefei branch of the People’s Bank of China, which is China’s central bank, and sent a bogus email stating that the HKMA will announce a new anti-laundering cracking down on all virtual currency services February 14, 2018. No such event has been scheduled.
At the same time, starting December 12 2018 and thereafter every 5 to 7 days, amounts of MtGox’s 165,000 plus bitcoins have been systematically dumped on the Crypto markets with absolute disregard to cost and effects that it would cause. They sold bitcoin at a loss and continued to do so hoping the cost of Bitcoin would collapse to nothing. After all it was not their bitcoin, it was confiscated bitcoin.
Today, there are hundreds of cases where people are convicted of crimes for just selling Bitcoin. One person was convicted fore selling some other person bitcoin and that person sold the bitcoin to another person who purchased drugs with the bitcoin. Apparently, the government can get you for whatever reason they want.
Think about it, if a bank cashes your check from your employer and you take that money to go buy some drugs. Is the Bank responsible? Is your employee responsible? This is ridiculous. There are hundreds of cases like this.
The reality is this. They got rid of Napster, right? No. They didn’t. They made it worse and now it’s all peer to peer and impossible to stop the download of partial packets of data. Downloading music is normal now. That is what is happening with crypto. The only way they can stop it now is to undermine the price. They confiscate Bitcoin and dump it on the market to try and negatively influence the market.
The result is this. The price of Bitcoin and other alternative coins is plummeting creating the best time to purchase the coins. Yes, the price will need a bit of time to recover. What about your 401K or RRSP or social security? They need time to appreciate. But the government rewards the thieves that screw you over on your 401k. What little you get, they tax the hell out of you for it. Social security is a joke. They do not even save your contributions let alone invest it. Imagine if the government invested every penny you put into social security for your retirement throughout your life. You would be rich and carefree for your retirement.
Stocks are great if you are rich. Most of us are not rich. Stocks suck for us. They are great for the rich. However, the rich are … well, already rich. They don’t even need the stocks. There are so little options for the common man today. It appears whenever something comes a long that gives you real hope, they government quashes it stating they are protecting you and your money. They are protected themselves and your money that they consider theirs.
The government wants you to invest in something that yields less that 5% per year. Crypto can get you rich. Not over night. However, if you put $500 in an RRSP or 401k and even if your company contributed 100% what you contributed ($1000 total), your money is in the hands of greedy, unaccountable institutions that could not care less about you. That $500 you invest in crypto will turn in to unbelievable number in the next couple decades.
It is predicted that crypto is only going to gain momentum over the next few years as new coins emerge offering different and new functionality. If you were asked the question when would or when should you buy into crypto, when the price is $20,000 US or when the price is $7000 US, what would you answer?
Xcoins allow you to purchase Bitcoins with PayPal. Not many services allow you to purchase Bitcoins creadit cards let alone PayPal. Xcoins is worth a look at.