Bitcoins purpose is to be used as a peer to peer currency and not to be deposited on a third party website which centralizes it, in the hope of earning passive income at a huge risk of losing your stash or getting your identity exposed.
If you wish to use Bitcoin effectively, use it for daily purchases a merchants that accepts it,
For it to be profitable, store it safely and speculate that the price would rise in the future.
But by saying bitcoin purpose is this one and not that one you are also centralizing its purpose. Can't bitcoin's purpose be to help each investor on what he most needs in his individuality?
Furthermore there are strategies to decrease the risks when investing, like splitting your coins among different investment programs as I mentioned. And since all kinds of investments are under constant risk, including investment in bitcoin for holding speculative reasons, why should we fear only generating passive income from bitcoin?
You make an excellent point. However, by dividing it into multiple investments, the total amount is still the same 2000 bitcoin, but it has been spread across a number of different investments. The problem with this is that you now have multiple wallets or keys to store on, which raises the question of how to keep it safe and secure. Here in our country, trezor is extremely well-known, and I believe that this is the best method of safeguarding the massive amount of bitcoin that we intend to store in a room that is not particularly large, but which has high levels of security, in my opinion. or a simple one that you can hide somewhere in your house that is fireproof in case of emergency and is also not visible to anyone else.
That is true. Imagine how many passwords, secret recovery phrases, google authenticator codes and disponible time would be needed to manage so many accounts in different sites.
Probably a financial manager should be hired as well! What would make sense for someone who has about 136$ million dollars in bitcoins.
