hi all,
bit coins is a safe option, their was a dealing site on the net and you paid for what you wanted using bit coins then you would get your delivery, i cant give names on here but im a member of a hacking community and been reading up on bit coins, anyways this site got busted and the police confiscated so many million pounds worth of bit coins, these coins are now going to be auctioned off to the highest bidders,
so bit coins is clearly something that is taken seriously as these bit coins that was confiscated are being auctioned off so they do actually stand as a form of currency, chances are in the future we wont be using hard cash, it will all be a form of credit and we will pay for goods using finger prints or cards or even our mobile phones, but its clear the future will be with virtual money where we just own a number instead of cold hard cash, as long as its spendable and the amount is fully honoured then i dont see it being a problem.
its just a step up from cheques, after all a cheque is a piece of paper with numbers on it, its not actually cold hard cash, so bit coins is the exact same process apart from it being the currency for your country its a currency of bit coins, which can be exchanged for cash and spent as cash,
so cold hard cash will be a thing of the past, your best option is to invest in precious metals, if you wanted a long term investment then go out and buy gold/silver/platinum or paladium, silver is cheap to but at the minute, not talking silver jewelery which is only 92.5% pure im talking silver rounds or silver bars, i buy 1oz silver rounds which are 99.9999% pure which is as pure as you can get it, precious metals will keep getting more expensive as less and less is coming out the ground, if i could afford gold id buy gold but i cant so i invest in silver, at least then if the money market collapses like it has in some countries then you still have value in precious metals, so this will always hold its value where as a £20 note is only going to be worth £20 in 10 years time
if you buy an oz of silver for £20 then in 10 years time that £20 or 1oz of silver will be easily worth £30, so for a long term investment go with precious metals,
anyways enough of my financial advice, bit coins is legit and is as good as having cold hard cash, its like paypal, you dont actually have the cash but you can spend it or withdraw it if you really wanted to