Bitcoin is mostly untraceable and mostly secure. Bitcoin is good in the sense that it's decentralized, and the network of bitcoin users keeps tabs on itself, knowing the location of every bitcoin. This prevents people from making counterfeit bitcoins.
You can buy real stuff with Bitcoin and you can also, believe it or not, buy illegal drugs with them, without a serious risk of being caught.
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Bitcoin exists outside of the IRS, the Federal Government, banks and basically every other authority. As long as you can access the internet, you have access to your Bitcoins.
At this stage, in fact until the year 2140, meaning until then at least they won't be inflated away.
Here is why Bitcoiners are laughing at everyone who thinks it's just a bubble.
Prices may rise 2-fold, 4-fold, 8-fold, no-one knows by how much. Why? Because there's no real way to find out what a fair price for Bitcoin is.
Until 2140, you'll be fine.