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Bitcoin => Press => Topic started by: bitbouillion on June 13, 2014, 07:33:47 PM



Title: [2014-06-12] WSJ: Bitcoin's Place in Wealth Management
Post by: bitbouillion on June 13, 2014, 07:33:47 PM
http://online.wsj.com/articles/vonnegut-bitcoins-place-in-wealth-management-1402580519

Can somebody look behind their paywall?



Title: Re: [2014-06-12] WSJ: Bitcoin's Place in Wealth Management
Post by: wastedbit on June 13, 2014, 09:38:12 PM
Opinion piece......You should hold some mobile wealth because you  might need to send money overseas in middle of night (like to your kid, or business reason).  Piece of Mind = Cost of Volatity....

Author is financial adviser and says this happens with bigger clients.  Also discloses that he owns coins.


Title: Re: [2014-06-12] WSJ: Bitcoin's Place in Wealth Management
Post by: bitbouillion on June 13, 2014, 10:39:52 PM
Opinion piece......You should hold some mobile wealth because you  might need to send money overseas in middle of night

Thanks, this it was Marc Farber also said recently: You cant flee to Hong Kong with 10 Kilograms of gold (~half a million $$$) in a suitcase easily, but "with" bitcoins - no problem.


Title: Re: [2014-06-12] WSJ: Bitcoin's Place in Wealth Management
Post by: Chef Ramsay on June 14, 2014, 01:03:41 AM
Opinion piece......You should hold some mobile wealth because you  might need to send money overseas in middle of night

Thanks, this it was Marc Farber also said recently: You cant flee to Hong Kong with 10 Kilograms of gold (~half a million $$$) in a suitcase easily, but "with" bitcoins - no problem.
Yeah because customs would likely confiscate those metals but I imagine the big time metalheads will keep their loads buried and then ride out a terrible period. I like to stay mobile and flexible should the police state manifest itself even more so.


Title: Re: [2014-06-12] WSJ: Bitcoin's Place in Wealth Management
Post by: wastedbit on June 14, 2014, 02:01:32 AM
Sorry, but by "mobile", I meant the ability to send coins\money outside of bank hours.  Send coins and they can convert locally with changers.  Quotes attorney who says "Any strategy that relies on secrecy is a failure"...use reputable sites...