How exactly is this possible? I am a german citizen and resident, and after hours of reaearch a few months ago i couldn’t find ONE bank in the world I could open a bank account with. I always have to be at least a resident. Did anybody figure this out?
My partner is from Canada and I would love to park some money there, but I couldn’t figure out a way to do so.
One way is via the Perth Mint in Australia. They need a copy of your passport and take the money by wire to an American account, but as far as moving some money somewhere else you can do it.
Most Chinese banks will open an account even on an 24-hour transit stamp (it usually helps to speak some Mandarin). Hong Kong is another possibility and will probably get you better service. Same with Vietnam, Pakistan, and lot of others countries. Some US banks will open an account for non-residents as well.
I don't know what conditions they place on the residence location of their subscribers.
The price you can sell an asset for is whatever someone is willing to pay, on that day. If sentiment turns and everyone is selling bitcoin, the price will most definitely not be going up.
Bitcoin isn't liquid enough for me to trust it for emergencies. If I needed to pay for a hotel or a plane ticket, the process of translating that to cash, then a pre-paid VISA card is way to complicated and probably expensive.