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Posted on 1/12/21 at 10:58 am to cgrand
Good Lord! I know they say to never write down passwords, but...
Posted on 1/12/21 at 11:24 am to AUHighPlainsDrifter
Thats my biggest fear and why I'm scared to hold all my coin in wallets I control. I have the paper password written and in my safe...but I haven't had to actually use it, so I'll be a nervous wreck when that day comes.
Posted on 1/12/21 at 11:27 am to AUHighPlainsDrifter
Why didn't that dude have a storage device with 24 word backup?? Idiot
Posted on 1/12/21 at 11:28 am to TigerTatorTots
boomers are spreading that fud around today
Posted on 1/12/21 at 11:30 am to Pendulum
I've done that twice once with an ECA wallet and once with another type of paper wallet
Posted on 1/12/21 at 11:37 am to tduecen
All instructions for crypto are locked away in a family members safe in case anything ever happens to me and my wife needs a way to access it all.
Posted on 1/12/21 at 12:06 pm to CE Tiger
how dare you take personal responsibility of your money!
Posted on 1/12/21 at 12:14 pm to CE Tiger
Relatively new to crypto here-
I have a few K worth of different coins all on coinbase. Got in about a year ago and it's been fun. Is it advisable to move these "coins" somewhere else or just leave on the coinbase platform like I would my vanguard funds with vanguard? Excuse the ignorance and thanks in advance.
I have a few K worth of different coins all on coinbase. Got in about a year ago and it's been fun. Is it advisable to move these "coins" somewhere else or just leave on the coinbase platform like I would my vanguard funds with vanguard? Excuse the ignorance and thanks in advance.
Posted on 1/12/21 at 12:22 pm to covtgr
if you plan to hold, I'd suggest earning interest and nexo and blockfi are two options for that
generally speaking coinbase is safer bc there's less chance of human error
all the options above are insured fwiw
generally speaking coinbase is safer bc there's less chance of human error
all the options above are insured fwiw
Posted on 1/12/21 at 12:25 pm to covtgr
quote:
I have a few K worth of different coins all on coinbase. Got in about a year ago and it's been fun. Is it advisable to move these "coins" somewhere else or just leave on the coinbase platform like I would my vanguard funds with vanguard? Excuse the ignorance and thanks in advance.
LINK
Posted on 1/12/21 at 1:03 pm to covtgr
My opinion:
I have like 15k in a blockfi account getting 6% interest, also have some eth there as well. I would recommend it. Doesn't seem too sketchy to me, but you dont technically have your own key's while its there, so if you are paranoid than maybe not for you . They hold the coin in gemini I believe which is very legit. I'm sure if it comes to the point where you are worrying about whether or not Blockfi has fdic like insurance (it doesnt) we are all fricked anyway though.
Kind of like if you ever had to actually worry about FDIC in your major bank account, The world is probably dropping nukes so GL.
The vault on Coinbase is also a valid place to park an amount like that because transfers are all delayed so you can see them before they happen if some frickery happens. I think if you start approaching 20k , you need to start looking at putting some in a hot or cold wallet. I wouldnt put 100% of my BTC in Blockfi or the like.
I have like 15k in a blockfi account getting 6% interest, also have some eth there as well. I would recommend it. Doesn't seem too sketchy to me, but you dont technically have your own key's while its there, so if you are paranoid than maybe not for you . They hold the coin in gemini I believe which is very legit. I'm sure if it comes to the point where you are worrying about whether or not Blockfi has fdic like insurance (it doesnt) we are all fricked anyway though.
Kind of like if you ever had to actually worry about FDIC in your major bank account, The world is probably dropping nukes so GL.
The vault on Coinbase is also a valid place to park an amount like that because transfers are all delayed so you can see them before they happen if some frickery happens. I think if you start approaching 20k , you need to start looking at putting some in a hot or cold wallet. I wouldnt put 100% of my BTC in Blockfi or the like.
This post was edited on 1/12/21 at 1:16 pm
Posted on 1/12/21 at 1:08 pm to Pendulum
Celsius wallet is a wallet I use. Pays out weekly with pretty good rates to allow for compound interest. Easy to use as Coinbase and can set coins to hodl mode where nothing can exit the wallet without that pass phrase
Eth and BTC are at 5.5% and 6.2% apy
Eth and BTC are at 5.5% and 6.2% apy
This post was edited on 1/12/21 at 1:10 pm
Posted on 1/12/21 at 4:12 pm to CE Tiger
the resident morons of the OT lounge had another hot take bitcoin thread today 
Posted on 1/12/21 at 4:13 pm to rocket31
quote:
A finite currency?
Sure that makes sense.
Posted on 1/12/21 at 4:24 pm to rocket31
The thread with that guy locked out of his wallet?
That meme is a bitcoin hitpiece.
"BUT HOW CAN IT BE SO HARD TO BE RESPONSIBLE FOR YOUR OWN MONEY'S SAFE KEEPING, WAAAHHHH"
Today on CNBC (I have a long commute to and from work and listen to it most of the day at my desk, so sorry I always bring it up) they had some guy who was part of some african american investment advising group pleading with african americans to buy btc or else be left out the next economic system as well. Was pretty radical, and the anchors were fighting with him about the volatility and he kept being like, "well the fact that youre bringing up volatility tells me you know nothing about btc, theres only been 5 days in the history of bitcoin from which you wouldnt be up"
Then they also ran some story later where Goldman Sachs is saying bitcoin is becoming legit but still has very very little institutional money.
Feels like they talk about BTC for 10% of the day nowadays, and very little of the coverage is skeptical. The floor has gotta be getting real, wonder where it truly is now; feel like we never see sub 20k again.
That meme is a bitcoin hitpiece.
"BUT HOW CAN IT BE SO HARD TO BE RESPONSIBLE FOR YOUR OWN MONEY'S SAFE KEEPING, WAAAHHHH"
Today on CNBC (I have a long commute to and from work and listen to it most of the day at my desk, so sorry I always bring it up) they had some guy who was part of some african american investment advising group pleading with african americans to buy btc or else be left out the next economic system as well. Was pretty radical, and the anchors were fighting with him about the volatility and he kept being like, "well the fact that youre bringing up volatility tells me you know nothing about btc, theres only been 5 days in the history of bitcoin from which you wouldnt be up"
Then they also ran some story later where Goldman Sachs is saying bitcoin is becoming legit but still has very very little institutional money.
Feels like they talk about BTC for 10% of the day nowadays, and very little of the coverage is skeptical. The floor has gotta be getting real, wonder where it truly is now; feel like we never see sub 20k again.
This post was edited on 1/12/21 at 4:27 pm
Posted on 1/12/21 at 6:12 pm to rocket31
I love how the concept of that was mind blowing to some, like the guy talking about the theft and kept saying...why can't they out it back lol
You would think after a decade and growth of over 32 thousand percent they would be more receptive or atleast learn a little about the shite.
But fuxk all of them. Those guys and the old frickers on here at the time are the reason I was so nervous back then.
frick em in da neck.
BTW found the recovery phrase for one of my old wallets in my email. Gonna try and recover it tomorrow. Hopefully it's not one of the empty ones.
You would think after a decade and growth of over 32 thousand percent they would be more receptive or atleast learn a little about the shite.
But fuxk all of them. Those guys and the old frickers on here at the time are the reason I was so nervous back then.
frick em in da neck.
BTW found the recovery phrase for one of my old wallets in my email. Gonna try and recover it tomorrow. Hopefully it's not one of the empty ones.
Posted on 1/12/21 at 9:20 pm to lsu777
Good luck! Would be a nice surprise to run across $20k you didn’t know you had
Posted on 1/13/21 at 7:26 am to TigerTatorTots
Just getting back into Crypto and it’s depressing looking at my final (sell) transactions from 2017, 2018. Haha
Anyway, is GDAX no longer an exchange to watc? I had it saved as a favorite in Chrome and it won’t pull up now. Anywhere else to watch charts?
Edit: oh I figured it out. It’s on Coinbase Pro now.
Anyway, is GDAX no longer an exchange to watc? I had it saved as a favorite in Chrome and it won’t pull up now. Anywhere else to watch charts?
Edit: oh I figured it out. It’s on Coinbase Pro now.
This post was edited on 1/13/21 at 7:27 am
Posted on 1/13/21 at 8:10 am to TigeRoots
Man the 1 month bitcoin chart is starting to form a textbook head and shoulders pattern. Eeeek
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