You can have many millions in the bank, yet starve with the daily limits, just ask any Venezuelan...
If it's easier to enter than to leave, think twice before entering. https://en.wikipedia.org/wiki/The_Fox_and_the_Sick_Lion …pic.twitter.com/HwNDW0Nwiu
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In the 21st century one should never have millions in a bank. Only enough to cover a month or two's expenses.
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in theory yes, but what do you suggest then to do with the money, buy real estate, buy gold, crypto ...
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Any of the above is likely to be increasingly safer than a bank account as the century "progresses".
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Nick what happens when a State allows us to buy BTC and then makes it illegal to withdrawal? I get that 'you don't need to withdrawal BTC' is a std reply but doesn't that scenario hold true here as well.
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You should withdraw it from the exchange you bought it from as soon as you've bought it. It's designed to be held personally not by a custodian.
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All my BTC (barring the ones I trade with) are held on a HW. In India, our FED (i.e RBI) has killed BTC liquidity by refusing banking services to exchanges. It isn't like I've been waiting to sell everything but liq tiny fractions to cover living expenses have become.....
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tough....So what goes in can't come out resonates here I think. It isn't like the BTC economy has timelocks, but bills & food that could have been paid with BTC has now been curbed due to regulation.
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Yes, it's tough unless you can find either an exchange or somebody who will supply such necessities for BTC, Tried localbitcoins?
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I'm grateful for localbitcoins & even
@WazirXIndia have been working their way around so the currency language between$INR and$BTC stays healthy. I'm sure as governments change the regulations will as well in time. -
BTW Nick, is it in theory possible for a trader to trade while holding their own private keys? I understand that active orders (orderbook) & open positions will be locked as it creates a double spending problem but what about available balance that is sitting on a exchange?
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I assume all stable coins may run into the same problem, unless they keep their funds in a full reserve bank. Are there any that do that?
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Not that I know of, and even if they didn't it would only reduce not eliminate counterparty risk.
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That's how you trap crustaceans
Thanks. Twitter will use this to make your timeline better. UndoUndo
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That's the only form of money banks let you actually have personal control over, you emotionally reactive moron. Blocked.
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