Reasons that motivate big money transfers

Thinking about moving 100 bucks? No biggie. What about 10k? Still pretty simple. But moving 100k? Now that’s a whole different story... you definitely need a solid reason for that. And if you're talking about shifting 10 million? Yeah, you better have a really good excuse. When it comes to a billion? Now we’re in the realm of geopolitical stuff. You can't just shift large amounts of cash without a strong justification. The bigger the money, the bigger the rationale. To move big bucks, geopolitical issues and shifts are crucial, and let’s be real, those situations often aren’t pretty. It’s all about understanding how to maneuver significant amounts of wealth in these complex scenarios, especially when some officials are just looking to line their own pockets with state funds.

You don't need reason if you are transferring your bitcoin to a non custodial wallet. So you have your privacy and no third party and that is the beauty of cryptocurrency, banks are not involved unlike fiat. If you are to move such amount using fiat then government will monitor it source and destination. Cronies awarding contracts to themselves and not supervising it because they get part of the meat. That makes most government inefficient.

That's when you have money in the bank. To take huge amount of money they don't care if you are the owner of the money or not you need to explain why you are moving such amount of money. Having money in the bank is like sharing ownership of your own money with the government and they have the biggest share to get financial freedom you need to start investing and having less Fiat.

Because the banks are in need of reasons and they have the secrecy that needs to be known to them. But moving that amount of money with Bitcoin won't be required any question. Because we're all our own banks and these transfers won't be stopped as long as you do it with your few clicks away without having to fill any kind of form for you to have it done. Even the fees, they're not that much if you do this transaction in Bitcoin. No need for clearing periods or what not as long as the network confirms it, the job gets done.

This shows that the government controls how you use your funds provided that you have put it in their custody. Keeping too much fiat in the bank is not my thing because fiat depreciates in value. Bitcoin has already given you the freedom to be your own bank and if you don't take advantage of that opportunity, you allow third party to do whatever they want with your funds and you don't have a say.

Here is the reason why is good to keep 80% of our savings into bitcoin, this way you have no explanation to make whenever you feel like pulling them out. sometimes it surprises me how someone will keep answering alot of quarry when you're about pulling your money from the bank. Even if you have been saving it for decade and it gets to a point where you feel that the amount you have saved is more than enough for you to use it in whatever thing you planned to use it for there is no way you will withdraw all the money peacefully without having a quarrel or fight with the Bank, they make it look as if you're stealing the money from them by making things difficult for you, they will force you to undergo some tasks sometimes they will ask you to provide some documents before you can make a successful withdrawal. Honestly bank can be very stressful some times.

Every country practice an indirect financial control system that regulates citizens  fund spending in as much as it is stored in any financial institution in the country and never give room for irrelevant spending except access was granted in an illegal part that does not have total dominance in issuing funds. although for a good country that has the interest of citizens at mind such control system is established to control citizens daily spending giving room for relevant spending at all time. so blaming any government that designed  such policy is never a good one

You are right bro when you view the post from the aspect of freedom because that was what Bitcoin was created to establish. Although the post is not explicit but if I want to understanding it from the angle of economics, I think the OP may be suggesting that one should ensure the reason to move money is justifiable (wise) before moving that money to avoid making a financial mistake. If you have money in your account and you are too eager to move it (make transfer for any flimsy reason) you might not be able to save money and put it to good use. One will even do better if the reason to move money is for it to make more money such as investment, then the money movement can be said to be justified.

That’s why we don’t need to put bigger amount of money and let it sleep on the bank. We should be the sole owner of that, but if we consider putting it all in the bank, it’s like we become partners with the bank. And they don’t deserve that because it’s our own hard-earned money. Invest your money into different assets, particularly in bitcoin. With bitcoin, at least you can be with your own bank, without those bank’s intervention. No need for bigger reasons, just those sufficient amount to keep hodling.

Even in bitcoin you're not entirely your own bank like you mentioned because I guess you are aware that many of us who are into crypto use centralized exchanges as our banks as many of us don't want to stress thinking about getting for ourselves our decentralized wallets. Now these centralized exchanges have become our banks in the digital currency world and I'm beginning to become worried about the number of people who are using them for their daily transactions instead of the decentralized wallets. Generally I'm happy with the competition these digital currencies are building up every day allowing people to have freedom of their funds and not tied to one controled system of people who wield their power against the financial system and freedom of the people.

It is true that money needs reason to move, even if not for others, but for oneself, else why move it. There's also the issue of tax remittance to the government if the money that wants to be moved is from a commercial bank. With Bitcoin and the Blockchain network however, the issues of tax is not really an issue and am sure the reasons that may be required to move large amounts may just be fee difference in the choice of network or second layer that has been developed to ease transactions.

If you have money in the bank, you will have to face all these problems. If you have money in the bank, then you will have to answer various questions when you want to withdraw money. You may not be asked to answer any questions to withdraw this amount of $10, $100, but whenever you go to deposit or withdraw $10k, $100k or more, you will definitely have to face various questions. If you can answer the questions given by them correctly with evidence, they will credit you. Moreover, the bank will never credit you, then they will check all your evidence, work type, how you earned money, everything. In short, the bank is not safe for you and the bank always shares the ownership of your own money with the government. But whenever you invest in Bitcoin, you are the owner of your Bitcoin. You can transact any amount of Bitcoin at any time and under any circumstances. No one will face any questions from you. So always think about investing in Bitcoin and try to keep cash less and also think very little about keeping it in the bank.

Well it depends on who you are and what your connections are. Also your established wealth. I certainly can’t move 10 million or 100 million or 1 billion as i do not have it to move. I can move 100k pretty much easy peasy because I have it. I also have it well established to how I got it. I would not need to give reasons as to why I am moving it. but if I am not sending it to myself in another kyc account there is an issue. I could send 100k to buy a tesla no questions asked because. both me and tesla are vetted. in fact tesla could send me 1 billion because he is kyc and I am kyc’d and he could simply  say he likes my posts here on bitcointalk.

This is exactly the reason why it is not advisable to put a hudge amount of money in the bank, because when you will need that money you will have to through some unnecessary process before you can be able to withdraw your own money which is not making sense to me, because I don see the reason why when you want to deposit hudge amount of in the bank it won't require some unnecessary process, but when you will want to withdraw the money unnecessary process will start. If not for that  bitcoin is very volatile in nature I should I advise each and everyone of us to keep our money in bitcoin not only as investment but also for easy access when you will need your money, at least when you will need your money you can withdraw it anytime without going through unnecessary processes like the ones in the bank.

Your money in the bank is given the utmost security, that is according to the bank staffs. That’s why every time you decide to move a significant amount, you have to provide valid and highly convincing reasons so they can give their full approval, that’s how they controlled the movement of your money. While if you prefer to have your own account with bitcoin, the full control is all yours. You don’t have to secure valid reasons because once you hold your keys, that means that’s your coins, and no one would have the chances to create access on it. Reliability, security and convenience are what we benefit the most from crypto, from bitcoin.

That is because you entrusted your money into banks and give them control over it. As long as you have given them power to control it, if their policy agrees that before you can take out $500 from your account that you must give a tangible reason, then that is going to be how it will work. most banks do not even allow you withdraw past a certain amount per day and even if you have a serious need, you have to take out only the amount they allow you access to. Those are the disadvantages of the centralized system because you don't generally have access to your funds. for the decentralized system like bitcoin, you spend your coin the way you want to, the time you want to and get access to it without being questioned about why you are spending your asset. that is what real ownership entails.

Yes, I support this, keeping money in the bank is like negotiating money with the government. You own your money, so you must invest it in a trusted Bitcoin. I believe that if you own Bitcoin, you own as much Bitcoin as you hold. But if you keep money in the bank, a third party has the power to control your money, so it would be best to keep your money to yourself and I support this.

That's the truth about what happens in the practice of putting money in the bank. It's true that we give them the authority to hold the money we worked hard for, money they didn't earn. But if we ourselves place our assets outside the bank, such as in non-custodial wallets, it is better and even good to do so because no one else has the right to control our assets but us and no one else.

There has to be a reason to move your money from your bank account and the bigger the amount the more attention that you will draw to yourself, your bank and government will want to know the reason why you have to move a huge amount of your own money. This is where Bitcoin is different from traditional currencies, it is decentralized and if you are doing peer to peer with a second party you can be sure of your privacy and freedom. Except when you use a centralized exchange to facilitate your Bitcoin transactions that is when your account can be flagged for suspicion of money laundering. Be in charge of your coins by using a none custodial wallet that you will be in total custody of it.

In reality, however, it's the ordinary people who find it hard to move money. You go to a remittance center, you're asked forms to fill in, questions to answer, and so on. You bring money via plane, you have to make reports, satisfy power-tripping staff's questions, erase their suspicions, and so on. In the banks, you have to prove your financial capacity, your source of funds, and so forth. Meanwhile, from where I am, government officials are moving billions not just within the country but also across international borders. Their stolen wealth easily reach their offshore accounts.