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re: Crypto holders - how do you hold it?

Posted on 12/5/23 at 8:47 pm to
Posted by keakdasneak
Member since Dec 2006
7137 posts
Posted on 12/5/23 at 8:47 pm to
quote:

Bitcoin only Get a coldcard, run a bitcoin node, then buy corn off anyone who sells it. Strike is easy and legit and integrates with lightning. Learn how to send a PSBT then you have something that never touches the internet. When I send utxsos from the node in my house they never touch any other service, they go form my signing device (hardware wallet) to the Bitcoin ledger. When you realize why you run your own node, then you will understand why bitcoin only. Ledgers need ledgers software to communicate which is another vector to have your coins swiped. Good luck. Coinkite.com for the cold card. btc_sessions on youtube to learn you some.


This guy fricks. What do you recommend for the simplest entry into running a node?
Posted by thelawnwranglers
Member since Sep 2007
38758 posts
Posted on 12/5/23 at 10:34 pm to
quote:

Buy from strike/coinbase send to ledger


Basically on off ramp?
Posted by thelawnwranglers
Member since Sep 2007
38758 posts
Posted on 12/5/23 at 10:35 pm to
quote:

hot wallets and Coinbase.


Dumb question coinbase is a hot wallet right
Posted by LordSaintly
Member since Dec 2005
38864 posts
Posted on 12/6/23 at 2:05 am to
quote:

Dumb question coinbase is a hot wallet right



By hot wallet I meant a non-custodial wallet connected to the internet. Coinbase is a centralized exchange that provides custodial wallets.

You don't technically own your crypto as long as it's on the exchange. Not your keys, not your crypto.

Posted by thelawnwranglers
Member since Sep 2007
38758 posts
Posted on 12/6/23 at 11:43 am to
quote:

By hot wallet I meant a non-custodial wallet connected to the internet. Coinbase is a centralized exchange that provides custodial wallets.

You don't technically own your crypto as long as it's on the exchange. Not your keys, not your crypto.


Thanks - I understand that
Posted by thelawnwranglers
Member since Sep 2007
38758 posts
Posted on 12/6/23 at 11:45 am to
In regards to custodial account if Coinbase became fraudulent like FTX I wonder if you have risk of clawback that happens in ponzi schemes?

Aka I bought and moved to cold wallet but come to find out it wasn't legit.
Posted by XanderCrews
Member since Mar 2009
774 posts
Posted on 12/7/23 at 10:59 am to
(no message)
This post was edited on 12/11/23 at 9:42 am
Posted by Lawyers_Guns_Money
Member since Apr 2015
393 posts
Posted on 12/7/23 at 12:21 pm to
Mine is split between a Ledger Nano and Trezor.

I'm 75% BTC and 25% ETH, trying to get more exposure into ETH in the near future.

The bulk of my BTC was purchased in the $3k-5k range and then DCA'd in weekly between $13k-25k range, so this is going to be house money for me from here on out. Would find it hard to justify adding more at this and future prices.
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 1/31/24 at 2:24 am to
quote:

This guy fricks. What do you recommend for the simplest entry into running a node?


That dude is on a different level.
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 1/31/24 at 6:00 pm to
you held from $69000 to $15000?

Tether is a good tool.
Posted by slackster
Houston
Member since Mar 2009
84753 posts
Posted on 1/31/24 at 6:37 pm to
quote:

That dude is on a different level.


That dude just went and wiped his entire posting history on all boards. I wonder what happened?
Posted by Art Blakey
Member since Aug 2023
87 posts
Posted on 1/31/24 at 9:02 pm to
Coldcard is the best, it's the most secure, air-gapped, and you can't sh1tcoin with it.
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