Bitcoin and Bible Prophecy ended with Bitcoin making daily headlines. If you're not familiar with Bitcoin, it's a specific type of cryptocurrency (a secure digital currency). A A Bitcoin is a form of digital currency. It uses the Internet instead of regular paper money and the transactions can be done at a fraction of the cost. Some Bible prophecy advocates consequently interpret Scripture's Book of Revelation as having predicted — . The Bitcoin Bible is probably the most comprehensive book on Bitocins on the market. In over pages the book describes easy to understand, but in depth all the wide-ranging aspects of Bitcoins/5(14).
Bitcoin biblicalWhat Does The Bible Say About Cryptocurrency And Bitcoin? – Crypto Guide Pro
There are those who are in for the excitement fueled by the news and social media. Some are playing the market like they do the tables in Vegas. To be balanced in my analysis, I have some friends who have purchased small amounts of bitcoin to better understand it as a potential investment. They have made fantastic returns. As they tell me their stories, it is hard not to feel left out of such incredible returns.
Should I have gotten in early? Is it too late now to jump in? First, they had to make their login information to their bank accounts accessible to buy or sell their bitcoin. They do not like this and feel a sense of vulnerability or exposure. Second, they are concerned that the program is a prime target to be hacked.
One successful hack and all confidence in the cryptocurrency frenzy could evaporate. This could cause a flood of sellers to want out and the price to fall rapidly. Finally, there is a growing risk, in spite of denials by bitcoin fans to the contrary, that governments will step in and attempt to regulate cryptocurrencies and thus remove some of its current appeal as an alternative to traditional, central bank regulated currency. The bitcoin frenzy is attracting a high percentage of gamblers, not serious investors.
I consider the purchase of bitcoin a wager not an investment. It has similarities to gambling and wild speculation versus a measured approach to wise investing.
Is it possible that it turns out to be a very profitable wager? Yes, it already has for many. We know that Solomon also warned, Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.
Proverbs ESV. I am watching and waiting to see what happens. Do I suggest that you buy bitcoin? I only give Biblical advice and let you determine what the Bible is speaking to you. It has spoken to me that I should not wager on bitcoin. Dear Chuck, It seems like everyday I see a new headline about Bitcoin. What is it? Why the Fervor? Bitcoin and a Biblical Caution The bitcoin frenzy is attracting a high percentage of gamblers, not serious investors.
Originally published on the Christian Post, December 22, And with many different types of cryptocurrencies , you can indeed put your investments in several different places.
Money is great to have to benefit your family and help you when you have bad luck, but if you get addicted to it, well, then it becomes the root of all evil. The Book of Revelation : And he causes all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: and that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
In a few decades times — maybe even a few years — the whole world will be transacting in this way. Here are a few excerpts from the Bible that describe the current investor sentiments in the cryptocurrency markets. Now, the masses have heard of the potential for huge sums of money, and are now are flocking into the space.
As a Christian, if you are going to get involved in the cryptocurrency market, do not do so out of greed. And with the majority of people getting into crypto for this very reason, it is not looking too good for them. Bitcoin has a limited supply and the inflation rate is agreed upon previously by all participants and cannot be changed.
As a Christian, if you believe this case to be true, then it is probably a good idea to get involved in the cryptocurrency space. However, because bitcoin is essentially a new form of money, we can take what the Bible says about money and apply it in this case. Michael Harrington has used his expertise to build a following of tens of thousands of loyal monthly readers and prides himself on providing the highest-quality articles in the cryptocurrency space with Crypto Guide Pro.