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After being worth only $30 in march.

Five years ago, I found myself in Buenos Aires, Argentina on a long-awaited vacation to the South American country. The country has a very European flavor with some 97% of its population having Euro roots. Specifically, there is a concentration of Italian and German surnames in that country. It was interesting to me as a native Central American how there were so many famous people from Argentina with Italian names (Manu Ginobili of NBA fame and Gabriela Sabatini from the world of tennis). This Italian heritage definitely comes into play in Argentine politics. Besides leaving a lot of unhappy drug users in the bust's wake, the bitcoin took a hit after the news of the federal bust was released online. The digital money went from a high of $141 to below $120 today. Why compare the progression of the Argentine economy to the that of the U.S. ? Certainly there are differences. Primarily, the existence of the USD as the currency of the world and the confidence it brings is the only thing that has separated the fate the U.S. from that of Argentina. One of the economic laws I postulated was that confidence = credit. Far easier, numerous and less complex are the ways to make payments in today's bill based society. Press a couple of buttons and what do you know, your payment goes through.electronically.now that was quite obvious without saying it. Disadvantages associated with Bit coins: 1.Since bit coins are also the way of private payment these currencies are also used for purchasing illegal things. 2. purchasing of bitcoins are usually not so easy. 3. There is also no refund when you buy bitcoins. 3. Since payment with bitcoins do not need name, address and information of purchaser, hence if any fraud happens then it is not easy to find that person. 4. In many countries bit coins are banned hence you cannot use it worldwide. https://bitcoin-qr-code.net/

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