You're mixing use-cases and because of that, your end goals are a moving target. Here's the thing, if your intentions are nefarious, don't use bitcoin, or better yet, don't be a criminal if you were not one to begin with. You'll get caught as you're not an expert in being one. If you're a normal citizen that wants to store wealth in bitcoin, then buy bitcoins from a regulated exchange. If you wish to be more active and don't trust the exchange, withdraw to a local wallet and make sure you know how to handle backups, and disaster recovery planning, i.e. if you die or if your house goes on fire, make sure the backups are also stored offsite and you have instructions for your heirs to recover your wealth stored in bitcoins. With the latter scenario, you've solved all your concerns about being able to travel anywhere and also to transfer wealth almost instantly to anyone or anywhere in the world. It's that superior to gold. And with certain options now, you can use bitcoin to earn yields/interest but that involves trusting a centralized party, so only do that for a small portion of your holding. It's a true digital investment asset. And one other thing on gold, you don't have to worry about buying a fake gold bar with bitcoin or you would not have to travel with it in your *** and get caught anyway. Saw that in the news recently.
A little bit of perspective is in order. How much worth of bitcoins do you guys think you will be buying? Paul Tudor Jones put 5% of his net worth several months ago into bitcoin futures so about $250M at the time probably doubled in value now. He trusts the exchange to hold that much for him. Microstrategy bought $425M worth of bitcoins. I'm very confident they are not holding that in their local wallet(s) and instead using a custodial service, probably Bitgo. They're not worried about that exchange getting hacked.
Actually, MSTR is a software company so they are capable of handling their own bitcoin private keys with disaster recovery and backup strategies in-place. Michael Saylor also bought millions of $ worth of bitcoin for himself.
Tell that to the North Korean ransomware hackers. There's a reason they went with Bitcoin. https://www.pcmag.com/news/north-korea-hackers-ransomware-vhd-lazarus-kaspersky If you want to store wealth legally, Bitcoin is not the best instrument for that. It is a highly volatile, highly speculative product for gamblers and people optimistic that a real world use case will eventually emerge. If you want to store wealth, store it in real assets, not something that could collapse at any second. Just look at how it held up in March. That's not what a good store of value should do. That's how a highly speculative product would be expected to perform. I was simply pointing out one area where Bitcoin could be used that would have an advantage over other alternatives. Point is, if you buy Bitcoin through a party that holds your bitcoin for you, then either they could be forced to give it away or it could be taken away from them. If you're fine with others holding your wealth, then no need to try to hide it in the first place.
You're just playing mind games, bro. You keep trying to associate bitcoin for illegal use. Dude, that argument is many years old, stop it already. Next thing you're going to say is bitcoin is a Tulip bubble, a ponzi, a scam. What else? You're just rehashing the same old tired lines. Just please, stop with the mind games. You missed out on investing in bitcoin, keep buying gold bars and know that when you travel with those things in your ***, you can still get caught and make sure you check the center could be lead or something else. Plenty of people are investing in bitcoin to diversify their portfolio and there you go again with the manipulation and fud, suggesting bitcoin will go to 0, ok, we get it, any investment can go to 0, so only invest what you can afford. Disney can go to 0, but plenty of people buy it. Invest in government bonds, you'll be fine, I think Argentina or some place like that will give you good yields. I already said you can buy from regulated exchanges and you can withdraw to local wallet(s), but make sure you know what you're doing.
I don't even remember this exchange. Oh well, I guess old dog can't learn new tricks. Don't worry about bitcoin, it's not an investment asset you'll ever feel comfortable buying. Soon, bitcoin will be above $20K but it won't matter much to you... How's Peter Schiff nowadays? Say hi from the bitcoin hodlers...
Mind games, lol? I'm pointing out fact. Facts that you cannot dispute so you accuse me of saying things I never said in this thread. If anyone is playing "mind games" it's you. No where in this thread did I say Bitcoin was going to 0 or call it a ponzi scheme or compare it to Tulip bulbs. My first post here began with: "Honestly, the most appealing part of bitcoin (where it is actually superior to gold and hard assets) is the transportability." That's a compliment. Disney is a safer investment than Bitcoin because it produces earnings. Disney has a long track record of making money. The use case for Bitcoin is highly speculative, but I acknowledge that it does have use cases...most just happen to be illegal. And yes, Bitcoin still trades like a hot penny stock. When I made that post over 3 years ago, Oct 20, 2017, Bitcoin was around $5800 USD. According to TradingView, it traded below $3900 on March 12, 2020. It went from $10,400 Feb 10, 2020, down to $3900 in a month? A good store of value would not do that. A highly speculative asset would.
It's cool. Here's the thing, that's exactly how it is, you pretended to be interested or "compliment" bitcoin, but with an agenda, to create a narrative that bitcoin is for illegal use. I fell for it and responded encouraging you to invest your wealth without the "illegal" stuff" but you responded again that hiding wealth is the only use. See that, an agenda. You used the word crash, and cited March of this year. Crash to me means like 0 or very close to 0, but hey, whatever. Did you look at the price of AAPL or TSLA on March 16 compared to today? AAPL just so happens to be the biggest company in the US and is on many indices and part of most retirement portfolios. You should do research on the volatility of bitcoin this year compared to other investments. Perception is different than reality. I started in 2013 and one of the arguments of the naysayers is bitcoin is for illegal use. I won't repeat the other things since you have not brought them up, yet. Back then, there was no CME, Fidelity, Square, PayPal, Microstrategy, Stone Ridge, Paul Tudor Jones, JP Morgan research bitcoin involvement. So are you saying those companies and PTJ are all involved in bitcoin because "use cases...most just happen to be illegal."? You're trying to diminish the bitcoin adoption, acceptance, and growth... What's your purpose? Naaah, don't answer that. I don't care. I'll let you have the last word. I fell for your trojan reply "compliment" when I should have known what you were trying to do, you are a "sheep in wolf's clothing". i don't suffer fools gladly