Subnostr

might be a stupid question... i am asking to the #bitcoin gurus and the whales and the dolphins if any here.

given the troubles with the banking system and the crackdown to exchanges and stablecoins companies... if it happens that like jasse olson says i sell at 68k ...10 orn15 btc or even 1 only... WHERE DO YOU KEEP THE #FIAT #MONEY #SAFE ? waiting 2 years to rebuy at 16k...

i dont trust exchanges and banks with fiat... i dont trust the commercial banks with fiat and/or gold in in their volts.

so... i would like some intelligent answer... PLEASE 🙏

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Discussion

ben 2y ago

I don’t really have an answer to your question. That’s exactly the problem with selling your bitcoin.

Also nobody is smart enough to predict what the price will be. You could lose your stack waiting for the price to drop so that’s a terrible idea. Would you keep your 1 BTC or risk losing it? Don’t let greed blind you. At future bitcoin prices, you won’t be disappointed with the 1 BTC that you stacked.

This is exactly why people preach simply staying humble and stacking sats.

bomboriver 2y ago

that is exactly my point. i dont want to loose my #bitcoin or my physical gold. waiting for years in the next cycle and worry every minute that my cbdc gets seized or programmed to off-ramp only or the banks go bust 🤔...

the only ever reason i would exchange a few for cbdc centralized fiat is if i really need the fiat to fund something very urgent that i cannot fund with just my daily salary. otherwise i am happy to stack bitcoin every month at every price...

bomboriver 2y ago

to add on this... banks... and crypto stablecoins companies... and exchanges ... I DONT TRUST THEM

i think that at some point they will only allow legally the exposure through the ETF... IOUs basically

ben 2y ago

Yup we can agree on this. They are not to be trusted. Cold storage and they can’t touch us.

And I wouldn’t be able to sleep if I sold my bitcoin to buy back later haha

bomboriver 2y ago

yes i believe if you exchange to GBP or EUR or USD , is a one way ticket. the banks will not allow you to buy it back in one go, maybe in 900€at a time or most probably nada de nada!! or ... maybe they will allow you to buy the ETF so they can control the keys

if you go to usdc or usdt on your wallet still is like having money in a bank if not even worse.

that is why i recommend if you have to sell buy gold bullions fron the royal mint and keep it with you in your own safe. that is the closest thing to #bitcoin