/biz/ - Business & Finance

>>59020757
If you could take life changing money off the table, why wouldn't you? Holding for long enough to get those gains it plenty of patience. He probably still holds some BTC for the end game.

>>59020757
Why would anyone keep $25MM in a bank? Insurance in the US only covers up to $250,000 for cash.

>>59020765
My grandparents and my parents each keep a couple million in the bank

They’ve always believed investing of any kind was too risky and it was just safer to earn interest keeping cash in bank

It worked for them all their life

>>59020757
he would've been a fiat maxi to begin with, which is why he would have had enough fiat to be risking that much on btc.

plenty of people bought btc many years ago, but they could never afford to let it go to zero, so they sold early.

captcha: GAYPE

>>59020765
where else would u keep it

>>59020765
>Insurance in the US only covers up to $250,000 for cash.
Per account.

You can have a ton of accounts at different institutions.

>>59020765
Apparently many Americans do. How would you even lose any?

>>59020757
You can't buy things with Bitcoin.
Sooner or later you have to convert it to monopoly money.

>>59020757
Imagine all your bags do a 1000x
Suddenly your 'all in crypto' of 100k is $100,000,000. Do you really need to keep going?

>>59020757
because you basically check-in to the kike cult if you turn it into fiat. if you have enough, you are set. its the smart thing to do, but i would keep holding some crypto just in case. based move by blessed anon

>>59020757
>hold a gigaton of fiat in an interest earning account?
If you have a mortgage, or any other long-term fixed-rate debt, then you're no longer concerned with the real value of that money. As long as its nominal value stays stable or safely grows enough that you can service that debt, that's all that matters.

>>59020757
When you're actually in REAL 8 figs (ie above 20M) you start to want to do 8fig things which you can't do if your money is in a highly volatile internet money that can lose over 50% of its value in a week. Sure you can get an ELOC but the interest is insane and if you get margin called you can lose everything you have tied to that ELOC.

Meanwhile in real (fiat) currency, you can pull down a small rate of return that more than covers your day to day expenses, and you don't have to worry about conversion costs to do 8fig things like buy a mansion, build a mansion, buy a boat, build a boat, start a rocket company, etc. And you can sleep easier at night.

Finally, most people don't really understand inflation so they see number stay the same, whew, good job me, and they see prices go up, they don't panic as much they just get mad at the government or whoever the TV tells them to be upset with.

Only the most supreme of autists will live like a broke loser holding 8figs worth of crypto selling sats piecemeal to stay alive because they honestly believe the fiat collapse is coming any day now and they want to be ready.

>>59020807
>>59020800
>>59020796
>>59020772
I was getting worried here for a bit. But after reading >>59020995 I get it now. I think I'm on the spectrum.