for everyone saying paypal is the only way to get (insert relative) to buy bitcoin..

so mom buys bitcoin on pp. the price goes up. way up. mom gets more interested, starts doing her own research. decides she wants to actually own her bitcoin, buys a hardware wallet.

now she’s gotta sell, wire that money to a real exchange, buy an actual bitcoin.. and she’s triggered a taxable event and owes the gov’t a fat sum despite still hodling!

if i was your mom.. id be pissed. friends dont let friends buy pp coin. they teach them about cashapp or any other easy to use service that lets you withdraw, and when they are ready, they teach them about not your keys, not your coins.

we all want adoption but its not worth letting people be scammed.

submitted by /u/uxeen
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from Bitcoin - The Currency of the Internet https://ift.tt/399OEVp

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