I would like to know or take advantage of the increasing value of bitcoins that are held in cold storage?
Well, the most direct way to take advantage of any bitcoins you hold, in any type of storage, would be to sell them for fiat. Do you require instructions on how to bring your bitcoins out of cold storage so you can send them to an exchange?
If you’re looking to take advantage of the increased value of your bitcoins without selling them, you could sign a message proving ownership of them. That way people will know you control a certain amount of wealth, which could perhaps be useful in certain circumstances.
I’m not 100% sure what you want to do here. I sense some confusion about Bitcoin wallets…
If your bitcoins are in cold storage or in your online wallet, they’re worth the same price. All bitcoins are worth the same, wherever they’re kept. You won’t benefit financially from moving your bitcoins to a new wallet.
You will only profit from Bitcoin’s price increase if you exchange bitcoins you bought for less than the current price for fiat, goods or services.
Please login or Register to submit your answer