Discussion in 'Making Money' started by savax, Feb 5, 2017.
its an unstable currency thats for sure so its a bigger gamble than other currencies.
If you are looking to make money from it there are safer ways.
What factors are we talking about? Tax? Scammers? Actually holding all of the currency?
I regularly see transactions for millions of dollars over at Blockchain, so if you're legit it would be fine.
I wouldn't advise having it all in one wallet or buying from one person. I'd also probably go to a big company that deals with BtC direct.
Yes and No
Are you gonna invest this much money into BTC? Seriously?
If so then you need a trusted 3rd party. There was a good broker out of Canada, but they went out of business. Right now I have no idea who anyone would trust with that much money.
Do you have 6m to invest? My guess is no. People don't ask investing advice on a forum where the majority of users are begging for $5 a week method.
If u had that much dosh then make sure you go to a well known large party. I think some banks in Europe and the middle east trade bitcoin and are open to foreigners. I would use them.
BTC is a commodity. Not unlike grains and T-Bonds.
Putting your money into a commodity is more of a gamble/guess/hope and prayer if you are not invested in a way that includes a fair amount of study and knowledge.
Asking if it is safe makes me think that you have not invested the requisite energy into the knowledge aspect and for you it is probably not a good idea.
$6M possible based on his "Occupation:Human Traffic & Location: Russia, Emirates, Iran"
I recently heard from a trusted friend of someone who had undeclared money, he went to Antigua and Barbuda, talked to some banks there and they helped him move his money "legally" to Antigua and Barbuda. Plus he also got citizenship. Their citizenship is pretty decent, allowing visa-free travel to many countries including the EU.
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