Helped my friend to invest about €800 000 in Bitcoin

Ticker

1 BTC = $57998.18 USD  (via Coinbase)
1 ETH = $3949.76 USD  (via Coinbase)
1 LTC = $345.59 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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He's a top manager of a bank in Germany. Very excited about the concept of Bitcoin for political reasons, and wanted to make a long-term investment in it, but didn't have a first-hand experience with the exchanges, wallets etc. Asked me to help with the technical stuff.

So, signed-up on several major exchanges, waited for the dip (the current one), and bought the coins. We also bought a few anonymous coins (p2p), just in case.

To diversify, invested about 10{88c91daedd271a990a10650c05d769cae2765e0603edf30ca95f18704e5748e8} of it in some other promising crypto.

For the long-term storage, we distributed the coins among several hardware wallets (from 2 different companies) and several paper wallets.

I advised him to ignore the crazy price fluctuations and the regular shitstorms around Bitcoin, and basically forget about Bitcoin for the next 5 years.


If you're interesting in doing the same thing, but don't know how, I'll try to answer your questions in the comments.

submitted by /u/themetalfriend
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Kryptous

Crypto Coins News - Ratings - Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $57998.18 USD  (via Coinbase)
1 ETH = $3949.76 USD  (via Coinbase)
1 LTC = $345.59 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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