Is bitcoin Biblically acceptable?

JohnB445 said:

It cannot be tracked, and isn't controlled by a government. I think antichrist system would need control and tracking in order to work. And maybe Bitcoin will be the thing to help combat that.

What do you think about Bitcoin?

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• Like all currency trading, its value goes up and down. If you invest in Bitcoin, be prepared for that.
• If you want to mine, you're going to have to factor in not only the cost of hardware, but the cost of power consumed by that hardware as you mine it.
• The more Bitcoins are mined, the more computationally expensive it is to mine new ones. It has also been out for years now. This means that mining Bitcoins is always going to be somewhat expensive.

Michael Collum said:

Anything with value will be tracked and taxed eventually, it just takes a while to implement.

If there is minimum to zero government monitoring and regulation, then the risk to you is high. Treat it as a high risk investment, if you have room for that currently.

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Sketcher said:

In the US, cryptocurrency assets are taxed already. You have to report them when doing your taxes.

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