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Well I’ll be sheep dipped. Thanks for all that. Although those who buy the miners or in stocks would face the same problems, just not as complicated.

So if it is complicated for someone like you who knows what their doing, if  I chose to buy any it would probably be better to go through Simon option instead. I agree about the tax implications so not a great idea for everyday expenses or sending money to someone but like I mentioned to you back then you could buy phyzz or other tangibles with it and go from there. Since they want to make all currency digital your explanation is a good reason why it shouldn’t happen and worse, it’s controlled by the swamp.

There’s another thing I can only sense might going on since the swamp has weaponized currency like the dollar and swift to control or destroy other countries.  Bitcoin, but no sense bringing that up and bigger and more complicated picture than I can imagine but I feel it’s coming and any power outs would affect any kind of electronic money and sometimes even cash exchanges like gas stations and stores since old time registers are gone.  Maybe future wars will be digital wars.

First…. I do NOT recommend bitcoin.  When I did it my cost was under $10.  Mt.Gox was the exchange then, and I did not trust them.  But I sent funds to the exchange… I guess now it is coinbase.  The exchange deposits BTC into your account.  If you leave it there you are vulnerable… as was proven when Mt.Gox went closed.  Anyway, I transferred my BTC into my home ‘wallet’ which was a bitcoin network node that had to be kept on line to keep synced with the network.  Then I took my node/wallet offline.  It was all on a thumb drive and I put it to sleep and stored the thumb drive.     By keeping it offline, it gets out of sync with the verification network, and when you put it back online it can take a long, long, LONG time for the network to recalculate the chain of verifications on your BTC before they are ‘sync’ with the network and available for transactions or moves.  Depending upon how long it was offline, it can take days or weeks before coming back into sync with the network.    I do not know if more recent software wallets that store off line have solved this problem or not.

But definitely get your funds & BTC off the exchange as soon as you can.  The exchange is the vulnerable spot and I haven’t seen one that wasn’t crooked yet.  I got into and out of Mt.Gox before they went belly up.

I saw the inception of Bitcoin at the beginning and figured it would form some nice Elliot waves as it grew.  I hung on until I saw a good 5-wave Elliot wave pattern and then I moved out of it in groups.   In all, I made a 50-bagger on BTC.  This was before the reporting requirements on IRS 1040 forms as you must now do.   But I would never touch BTC again.  Despite the hype, it is too vulnerable to scams and the exchanges all seem dishonest to some degree, and with reporting requirement the IRS wants to know if you got some… so they will come after you later.  I don’t buy into the hype that it will be good for transactions in the future.  If the network goes down, if you lose the grid, or power at your location, you will be helpless with an offline wallet and no way to transact.  Again… I do NOT recommend Bitcoin.  I could have been a multi millionaire if I had the gutz to hold on to what I had back then, but greed slaughters pigs, too.  I’m happy with the 50 bags I pulled out of it at the start.  Now I view it as toxic waste and won’t touch it.

Ps brainstorming kinda remember like PMs they can have tax implications so keep track of your sells and buys. Your purchases can be tracked this way. Another friend who wanted to buy it a long time ago not trusting online banking or gov couldn’t find away to buy them without a debit or credit card because she didn’t use them either.

I suppose you could find other wallets and transfer the coin out of one to another and get it out of a track system and diversify.

I remember many years ago Maya and correct me if I’m wrong Maya if your reading this saying something about keeping it off line as internet. Perhaps a separate computer away from hackers I’m guessing. Maybe he didn’t have wallets then I don’t remember. addendum oh now I remember. It was something about that one holding place Gox was around then where the bitcoins vanished. Actually Simon was part of getting the money at least for the coins reimbursed but coins were gone.

Keep track of your passwords that will likely be names. Put it in more than one place. You can scramble it but just remember what order you did it in and don’t put pass word on it.

I haven’t done this yet due to constant family unforeseen events and priorities so cant give you any feed back.

Here is how you can buy Bitcoin.

I was given these instructions from someone affiliated with Simon Dixon.

Before I copy most of it that’s relevant I must warn at last glance Bitcoin could be nearing a top of target but what it does after I don’t know. He said I could pass this on to anyone interested in Bitcoin.

– Open a Coinbase account and follow their guidance on how to deposit & buy Bitcoin, Ethereum etc (other providers e.g Kraken are also good)
– Buy a hardware like a Ledger or Trezor Wallet from their official websites online
– You can then transfer the Btc or Eth `keys` or ownership of the Btc & Eth to your hardware wallet for self storage and back again if you need to sell for dollars/pounds etc on Coinbase.
N.B If you don`t possess the keys then your not your coins to own.`Digital Asset News` on Youtube with Rob who`s a long standing contact & friend of Simons has pages where it explains exactly how to use a hardware wallet by video.
Also `Every Little Bit Helps` on Youtube has simple explanatory videos on how to set up and use Coinbase as well.
Go on each of the above youtube channels then search key words in the search box (of their own site) to find the particular video that will help you.**Very Important **
Never click on any links from anyone unless your 100% sure of it
ie Its a link that you`ve created yourself. It is is the safest method of going forward.
That`s why I won`t leave any links here.Be very careful and double check every step you make as its the wild west out there.
Do Not Trust Anyone that approaches you online by email, text Direct message (DM) or otherwise.
ALWAYS REMEMBER
**Scammers will try and impersonate people you may trust like Simon.
You will not be speaking to people you think your speaking to.
Simon or anyone else you follow Will Never Follow Your profile online or try and get you to Contact them. Its not them, there ALL Impersonating Scammers ! **Also it`s worthy of mention that in my opinion after much due diligence that Bnktothefuture for Non-US customers is at the Vanguard of digital asset investment. It`s possibly the most innovative, safest & best companies out there for people wishing to invest in staking, non-self storage (custody) or converting & selling of digital assets.
I hope this helpsGood luck
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