K, K, no video. I cry uncle on this one. I am not versed in the public/private key thingy. When I see talk about keys, all I think about is Pretty Good Privacy and try to remember how THAT all works. I found it fascinating back then.
I think you already got it. The private key has to be hidden because if it wasn't, anyone can take a picture and steal the 1000 bitcoins
And that is why they put the private key under a tamper-proof seal. How about..."Possibly void if removed"?
Of course, but as I've posted several times now, the current owner should redeem the 1000 bitcoins now and transfer to multiple addresses. See my posts for my reasoning
similarly / conversely, kept in a drawer for many years, a few million Lehman Brothers / Barings Bank shares, now zero.
Yes. Because the guy has a little coin worth 50 million + 1oz. gold value of like 1800 bux. (So 50,001,800 bux), and there are mufasas out there that would kill him for it.
I just realized who it is. The timing in impeccable, yes? https://www.elitetrader.com/et/threads/barons-crypto-trading-journal.361987/ Dude! Doesn't @Baron look like the type of guy who would just toss a coin in his drawer 10 years ago and say screw it man, let's go surfing!? Hahha
In 2021 Bitcoin has also been growing with solid rates.The demand for bitcoin from investors is growing due to the increase in the money supply by the USA and the depreciation of the dollar and other world currencies. So if you still want to deal with it - go for it. The main thing is to read a bunch of information about bitcoin fundamental analysis before investing your effort and cash into it. It is very important to look into as much statistics and experience of other inverstors, as you possibly can so that you can predict the future graphics.
I think that the person who kept such a large amount of bitcoins probably already sells them and becomes a millionaire little by little. Yes, it's cool, of course, that bitcoin has grown so much, and this guy is lucky, but I have one question: how to cash out all this money? Does he have to pay taxes to the bank to get this money? It's good that I haven't been involved in cryptocurrency for a year because I knew that sooner or later, this financial bubble would explode, and that's what happened. Now I'm reading articles on Young and Thrifty about trading and how to find a good broker. That's what can bring me money in the future.
I think that the person who kept such a large amount of bitcoins probably already sells them and becomes a millionaire little by little. Yes, it's cool, of course, that bitcoin has grown so much, and this guy is lucky, but I have one question: how to cash out all this money? Does he have to pay taxes to the bank to get this money? It's good that I haven't been involved in cryptocurrency for a year because I knew that sooner or later, this financial bubble would explode, and that's what happened. Now I'm reading articles on Young and Thrifty about trading and how to find a good broker. That's what can bring me money in the future.