Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
kingcolex
on 14/02/2019, 01:12:33 UTC
[edited out]

Funny I was thinking this earlier in terms of fungibility.

The interest you get from the bank is so they can use your money while you aren't right?

If a service was made to centrally hold bitcoin securely so you don't have to worry, it wouldn't risk the fund at all just cold storage as a promise.

But then, what? no interest?? in fact the opposite, how much will you pay per year for bitcoin fort knox. With guaranteed 1 for 1 you own it coins?

Some percent a year?



Yes, good one, but imagine a situation where you are a middle class guy/gal with a bitcoin stash from 2012 (not me, I bought much later  Grin).
You suddenly got 5, 10, 20 mil $$ in 2021-2025 from your 20 btc that you bought for a couple of hundred $$.
You still got no cash...
The size of your stash would probably cause you to sell a large %%, then try to explain where the immense hoard of $$ come from.
Retain good records, lol.

I don't see how that is a problem.  You can easily sell a little bit.  You don't have to sell the whole stash.  You sell enough to cover your expenses for the next few years... or you sell a little bit at various stages on the way up...  Where is the problem, exactly?
I think the fallacy is that you're supposed to sell everything at the top or you lose out.