Post
Topic
Board Bitcoin Discussion
Re: A safty place to place all the money?
by
shorena
on 12/01/2016, 09:57:34 UTC
I'm thinking and thinking a lot about  following thinks, maby you will call me paranoid but i thinking still about it Smiley

1) whats happen if tomorrow all BTC is 1$ worth?

Thats not realistic. There are many people that would buy as much as they can at 100 USD or even 200 USD. It would if ever take a long time for bitcoin to fall to 1 USD.

2) what if all countries bills do crypto currency here in the mix bitcoins illegal?

Sorry can you rephrase that? I dont get the "in the mix bitcoins" part.

3) I can put my bitcoins in a physical product where I can graders me much better against the volatility that is bitcoin exchange rate?

No, you dont own bitcoin anyway. You just own (or know) a private key that allows you to spend certain coins. You can store the private key on a physical item (e.g. paper), but that does not attach value to the bitcoin.

4) The very best way to protect against a hacker attack or against a steal all your money from your wallet ?, are there any ways to choose a safe solution here?

I am a little worried about it and naturally want to protect myself as best as possible.

For most the safest solution is probably a hardware wallet.