/biz/ - Business & Finance

Anonymous Thu Mar 8 23:35:48 2018 No.8219177 [View]
File: 946 KB, 1200x1520, 1516876426959.jpg [View same] [iqdb] [saucenao] [google]

>>8218621
>You buy bitcoin when it's $20k
>You put it in your hardware wallet
>You lock it in
That BTC is now locked at $20k. If the market crashes and exchanges are selling it for $10k, you haven't lost a cent.

However this can also be disadvantageous.
>You buy bitcoin when it's $20k
>You put it in your hardware wallet
>You lock it in
>BTC soars to $40k
Your locked in BTC is now worth half of what the open (unlocked) market is trading it at.

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