Are you ready to join the Bitcoin revolution? Before converting your cold cash assets into digital tokens, understanding the currency’s cyber obfuscations can better safeguard your capital gains without falling prey to hackers. Bitcoin, or cryptocurrency, is a digital token or placeholder (like a check or banknote) for tangible assets, primarily money. Bitcoin is an acceptable payment form worldwide. Although bitcoin mania is overhyping digital crusaders as the next “big thing” on the Internet, its cryptic moniker is also the digital currency’s greatest vulnerability. Bitcoin isn’t regulated nor impervious to hackers. Bitcoin is also highly speculative and volatile, but portfolio diversification will mitigate significant financial losses. Although bitcoin can secure digital assets, only a steel safe room can protect cash stockpiles, gold reserves, and priceless family heirlooms.
The Advantages of Bitcoin
Although bitcoins and other cryptocurrencies are never immune from hackers, digital tokens enjoy superior security, thanks to blockchains or public digital ledgers. These transactions are stored in blocks and cryptographically linked through blockchains for security, transparency, and accountability. No single entity, government, or regulatory agency manages blockchains. This secured information link engenders trust with users. Although digital currency might rival the almighty dollar in niche markets, it will never replace fiat currency. Electronic fund transfers are also not ideal for preppers or DIY’ers looking to go off the grid.
What is a Bitcoin Wallet?
A bitcoin wallet is a digital application that stores your cryptocurrency keys. You can think of a Bitcoin wallet as a digital bank account – it’s secure and easy to manage. Instead of cash, digital wallets store passkeys to authenticate transactions. Despite the labyrinthian security protocols, bitcoin wallets are less safe and secure than bank accounts. Bitcoin wallets can be lost if a server crashes or data becomes corrupted. Bitcoins are not FDIC-secured or federally protected. There’s no recourse for recovering lost crypto coins – once they are gone, they are unretrievable. The upside to a digital wallet is that no one can seize your assets because physical ownership doesn’t exist.
Safe Rooms are Steel Firewalls
We’re not warning you off cryptocurrencies. Digital tokens can help diversify your portfolio while exploring new investment options. Although understanding cyber money comes with a steep learning curve for the technology unsavvy, digital tokens provide discreet and anonymous protection, like a panelized safe room kit. Our easy-to-install steel tornado shelter kits can be quickly installed into any bedroom, office, closet, or basement with minimal disturbance to surrounding infrastructure. Unlike volatile cryptocurrency markets, our panelized safe room kits will neve depreciate. Fortified shelters could also add domical curb appeal should you sell your home. While digital tokens create needed streams of revenue allocation, there’s no substitute for protecting physical assets like coins, guns, gold, and much more! Contact us today for a free quote and consultation!
