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Aug 02,  · At JM Bullion, you can use bitcoin to purchase gold coins and other precious metals or -- to put it another way -- you can use currency to buy currency. Read more to find out how bitcoin transactions are processed and how bitcoins are mined, what it can be used for, as well as how you can buy, sell and store your bitcoin. What Can You Buy with Bitcoin? Bitcoin’s volatility created a nightmare for most merchants. A 10% rise or drop in price in a single day was and is still common. For a merchant, this could lead to a $ loss on a $1, sale.

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