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Personal Finance and Investing

In reply to the discussion: Bitcoin [View all]

question everything

(47,271 posts)
11. Thank you. Interesting. I really don't understand it
Sat Aug 1, 2020, 12:53 PM
Aug 2020

It was said that one does not need a bank account to use it but... in my too rational mind: say I use my VISA card to purchase some. But then the VISA statements arrive and I have to use my... checking account to pay for it..

Or, I suppose, I can purchase some through a broker but from where did the funds in the brokerage house come? From my deposits. Unless, I just turn around and deposit all my income there? Not savvy enough, I suppose.

And then... we've heard about ransomware demands that want payment in bitcoin. And, of course, the recent hacking to the twitter accounts of Obama and other telling followers to send bitcoins, and many did..

Latest Discussions»Culture Forums»Personal Finance and Investing»Bitcoin»Reply #11