Post
Topic
Board Bitcoin Discussion
Re: How would you store >100 Bitcoins?
by
Muhammed Zakir
on 26/06/2017, 19:48:00 UTC
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 Tongue
store the half of the 100 bitcoin in a trading site or a bitcoin wallet to wait until the bitcoin price increases to a high price and then the half of the bitcoin i will invest in bitcoin mining to earn a profit monthly so that i will have a regular profit until and at the same time a passive income.

If you want to sell bitcoins, send bitcoins to exchanges at the time of selling! Don't *ever* store bitcoins, especially such a large sum in an online walllet or an exchange. Store it in an offline/hardware wallet and/or paper wallet(s).