Both. And don't forget AUS$, NZ$, Euros, Swiss Francs too.
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If he wanted to prove anything, he could simply just move one or two "Satoshis" from a few of the original bitcoin core addresses. Right now he's the equivalent of those folks who take photos of themselves with other people's luxury automobiles.
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It's simple but amazing how many people do not do 'both.' The options are NOT 'all in' or 'all out.' If you believe it will one day reach a much higher price range, then put away some to truly HOLD. Hold 1 btc and trade 19 btc if you feel it's a passing trend... or hold 100 btc and trade 2 btc if you think the long term gains will be better or 80/20 or 40/60....... whatever your philosophy or amounts you have. Everytime you want to invest in something you don't sell your house (hopefully) right? Everytime you make a gain you don't buy a new car and then sell it when the market is down.
BOTH is better.
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In and out has always worked best for me.
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Thanks for the replies. And I'm happy to do KYC anytime it's required, but prefer to preserve my privacy when it's not required.
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Yeah, thanks for the reply. I'm sure it's somewhere deep in their TOS, just haven't bothered to read it (very few people do... just like that IOS or Google Play terms page).
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Is the only limit for not getting verified with Binance the 2 BTC per day withdrawal limit?
For instance, are there any volume limits... as in can you withdraw say 100 BTC in 50 consecutive days? Or any limits in the amount of BTC you can deposit?
Asking because if that is the only limit, there isn't a reason for me to get verified.
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It's a more relevant and accurate comparison to use a basket of currencies, not just the USD, which is traditionally the default 'world' currency, but has so many behind the scenes problems (not to mention being issued by a country in the biggest hole of debt ever). It's comparing a questionable store of value system to a 'sick' store of value system. That said, I hold both, but of traditional currencies, the USD is the lowest ranked in my traditional currency portfolio (which is heavier in Euros, RMB/CNR, British Pounds, Singapore Dollars, AUS$, NZ$, etc).
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Came across a CoinMe atm today, but it required government issued ID (US), so I decided to pass on it. Are there brands out there that don't require ID? (to sell)
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Currently on a 8 day Hawaiian cruise, and despite being just 20 miles offshore from one of the most cellular intensive countries in the world (same for my Italy/Greece cruise this past winter), there is virtually no 4G/5G coverage, so that means no internet and no internet banking. You can log in, but your bank's server will typically kick you off any time the satellite internet drops for a few seconds. Not so for the blockchain fortunately.
Thank God and Satoshi that my finances aren't missing a beat because our various hardware bitcoin wallets don't log out and reset everytime the spotty ship/satellite internet drops. Aue, aue!
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I am Asahi Nakamoto. Satoshi is my cousin. The photo on my profile is up to date.
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What is needed are more banks that have bulletproof relationships with crypto exchanges and won't suddenly close the accounts of crypto exchanges.
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thanks for the suggestion. Will look into it. As far as you know, can Singapore bank accounts be used with them? (for both deposits and withdrawals)
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What are the current exchanges that still have viable banking relationships (to cash out and buy back in to the market). FYBSG had their banking relationship closed so they threw in the towel and ceased operations.
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Look up the story of the homeless Dutch bitcoin guy. That's how you should NOT do it.
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The more immediate question is what will happen to bitcoin if more and more banks sever all ties with exchanges.
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As long as you have no debts, have your home(s), cars, children's education paid for, it's not a risk to be in btc. I have all of that taken care of so there is no reason to sell my remaining coins. Of course, I've had the bulk of my coins for quite some time as well, so it's easy to say that. If you're in a situation like that Dutch guy who sold all of his assets and is hauling his wife and daughters around Europe like homeless people, then it's understandable how one would be nervous and worried.
It will only take a few ignition type events to really see btc adoption grow exponentially (more than what has already been seen). It's fairly obvious that the legacy financial system is a leaking ship with no hope of staying afloat. More failing banking system type situations like in Cyprus, Greece, and Venezuela, adoption in the real world casinos, more and more mentions in the media (it only takes a few positive mentions in 'near future' type films to profoundly affect the psyche of the average person).
There's no stopping it... like like there is no way to stop the melting glaciers. That said, btc might not be the surviving system either, but it certainly has more of a foundation and track record than its competitors.
Stay diversified and you'll be more than fine.
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Put away the same value: your 50 bitcoins or around 8 1/2 kilograms of gold away in a safe for 50 years... after 50 years, you can be fairly sure that your gold will be fairly valuable. For your bitcoins, either you'll have an extremely valuable (maybe even 1000X) amount of bitcoins or you'll have something that is worth nothing. There is very little chance that your gold will be worth nothing. So it depends on your goals and standards.
What most bitcoin proponents will usually say is... oh, it's the future and so good and so profitable, but then they ignore the possibility that it might be worth nothing.
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I do both, but my trading profits far outweigh my hodling profits.
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Build your canning factory when everyone else is learning how to fish.
-Dappercius
I guess the canning factories when related to the crypto industry are today's crypto exchanges or specialized mining hardware manufacturers. They always turn a profit regardless of the Bitcoin price. It's a sweet business venture. Work smart not hard as they say That would be one take on it, of course. I meant in general there is always another angle to take and for myself, it's not running down to the river to stand around holding fishing poles like everyone else. :-)
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