Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc.
I'm looking for real responses and ideas. Please keep the trolling to a minimum
The safest way I thought is offline wallet such as hardware wallet or paper wallet. Divide 100btc into several amounts such as 10-20btc in every wallet, but still I will store a part (maybe 10btc) in online wallet for daily transactions. As long as the owner of the wallet always cautious and be careful, the funds will be fine and secure.I'm looking for real responses and ideas. Please keep the trolling to a minimum
I think that, payout is the best. After payouts , we should store them in a bank, and let our money increases. Store it in a bank having interests with, if this case, we can have more investment. Storing it in Bitcoin wallet would be too much danger or very risky. We know that bitcoin is just only a virtual money that anyone can hack your own money. We still need some securities in bitcoin.
Really?? Anyone can do it? No one will have bitcoin in their wallets platform by now as you can hack them, right? Lol, you're out of logical thinking about that. Yes, bitcoin has security issues regarding exchanges wallet but consider less compared to banks robbery, I mean bitcoin wallet is the best way to diversify my wealth instead of store all of it as fiat money. Moreover, the value of bitcoin will increase over time, but fiat will decrease as time goes on.