You are viewing a single comment's thread from:RE: How to profit in a drop in price without a crystal ball: Bitcoin Pulls back to 56kView the full contextView the direct parentlogiczombie (66)in #bitcoin • 3 years ago For myself, I hate leaving my money on an exchange. not your keys, not your coins.
Not your cash. Not your fiat.
I like now Jim Rickards says it.
You don't have $$$ in the bank, you have a bank statement.
The bank has $$$.
You have to ask the bank for permission to get those $$$.
You don't have $$$ in stocks and bonds, you have a brokerage statement.
The broker has stocks and bonds.
You have to ask the brokerage for permission to get those stocks and bonds converted to $$$.
And when everyone calls and wants their $$$ at the same time, what do you think those institutions are going to do?
And how much do you think those stocks and bonds are going to be worth when everyone wants $$$ at the same time?