Hi everybody

I am intending to wait till I receive my Nano Ledger before buying a significant portion of Bitcoins

I have a few queries/concerns I hope I can get answers to

1.I am currently using CoinHako, I am afraid that while sending bitcoins from my Coinhako wallet to my ledger, that it is lost for some reason. How possible is such a scenario


2.Lets say I successfully transfer the coins to my ledger, I am concerned the same thing will happen if I transfer my BTC to an exchange. Again, how likely are such scenarios


3.In the event where bitcoin does reach 100K, and we intend to sell on an exchange, who can realistically buy these at such exhorbitant prices. No use having 1 million BTC if you can't sell it


4.I've read that transaction fees are going through the roof, could it scale to a level where transferring 1million BTC would result in fees amounting to 500K for example?


Appreciate if I can get your thoughts on these amatuer questions

A few queries coming from a first time believer/investor

While I have heard of bitcoin previously years ago, I did not pay too much heed to it.

Mainly due to lack of knowledge and interest

That being said, I have been reading up and watching videos with regards to bitcoin over the past half a year or so.

I have recently bought a very small amount of Bitcoin/Ethereum, and before I dive further, would like to seek your advice/expertise

My plan is roughly broken down as below

1 .Find a reliable/accessible exchange to purchase Bitcoins (currently I have bought some from coinhako, which charges 0.9% fee)

2 .Buy a Trevzor hardware wallet to transfer the Bitcoins to

1.Transfer Bitcoins from Trevzor wallet to another exchange (for example coinbase) to sell


2.Once I can confirm that withdrawals from Coinhako are reliable and that I can sell the bitcoins from my trevzor without hassle, I would be willing to invest in larger quantities


Concerns

a) My government restricts all bitcoin related fundings across my local banks:- If this happens, even if I manage to sell the bitcoins at an exchange, they would not be able to remit the money to my accounts

b) Trevzor wallet gets damaged and 10 years later Trevzor company is defunct. I am not sure how I can retreive my Bitcoins with my SEED. Would another similar device be able to restore them?

c) An issue I see with regards to depositing/withdrawing Bitcoins seems to be the transaction fees. While bitcoin is touted as virtually free, this does not seem to be the case. I have seen multiple complains where transactions do not get processed due to insufficient fees. What happens if one day miners ask for 50% fees just to process your bitcoins?

While I understand blockchain on a layman terms level, I am confused by the technical details

I'm pretty much just going on a gut feel that this may take off in a big way maybe 10 years later and hope to cash in on it

I'm not savvy with financial investments, so I'm thinking of buying Bitcoins/Ethereum with the average cost method

Given my above mindset, how dumb is it to spend money in this. Of course I will only be investing money I can afford to lose