Post
Topic
Board Trading Discussion
Re: Worries: can anyone advise?
by
thunderbitz2717
on 24/08/2017, 07:54:47 UTC
I am interested in buying around $100k of Bitcoin.

Is the best way to buy in small quantities on an exchange?

I read that some banks won't let you transfer money to a BTC exchange, and worse, may close your account.

I worry that the exchange may fail and I would lose all my Bitcoin

I worry that Bitcoins anonymity is not going to work, after all, my bank will know that I transferred funds to a particular BTC exchange, or to a block chain account.

I worry that if I manage to get money into Bitcoin, I may have trouble getting it back due to financial regulations.

I worry that I will lose my Bitcoin wallet due to an Internet problem.

I worry that my Bitcoin will be lost if I die.

By the way I have no worries about price changes.  I can take the financial loss if there is one.

Please tell me if there are solutions to these problems.

Wow! You know how much is that 100k$ in my coutry it equivalent of 5Millions here is a huge a amount dude. So my advice to you is if you have any knowledge in technical terms here in this industry use 20, 000$ to buy a bitcoin mining rig/mining equipment for you to have daily bitcoin profit. Especially if your palce is a cold area that will be good, then the rest of your capital invest them into bitcoin, and some altcoins that are potential and legit and always in top 20 listed in the coinmarketcap.