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re: Official CryptoTalk Thread
Posted on 3/9/21 at 9:33 am to Camp Randall
Posted on 3/9/21 at 9:33 am to Camp Randall
is there some kind of strategy here? or is it just "not your keys..." mentality?
0
Posted on 3/9/21 at 9:33 am to finchmeister08
big buyers like Ross are taking their coins off the exchange and into cold storage
ie: theyre not planning to sell
ie: theyre not planning to sell
Posted on 3/9/21 at 9:33 am to TigerTatorTots
I never used to have an issue leaving everything I own on the exchanges, but the phrase “not your key, not your BTC” never stopped ringing in my head.
Network fee was pretty low too. Like three thousand satoshis.
Network fee was pretty low too. Like three thousand satoshis.
This post was edited on 3/9/21 at 9:35 am
Posted on 3/9/21 at 9:48 am to Ross
quote:
It only took around five minutes and you can see the transaction is in the mempool but that shite is nerve wracking
No doubt. Even after double and triple checking that address I still get nervous clicking send.
Posted on 3/9/21 at 9:49 am to rocket31
quote:
bitcoins leaving coinbase in droves
Lots of bull signs right now. I was hoping for a big clean out down to high 20s to really juice a big run, but this isn't bad either.
Posted on 3/9/21 at 10:21 am to ChuckO1975
if this run had any more juice it would kill his wife and a waiter
Posted on 3/9/21 at 10:27 am to ronricks
quote:
Of course after I sell it goes up almost 15%
it was pretty much graphed to do that. Coming down somenow though.
pay attnetion to the graphs
Posted on 3/9/21 at 10:39 am to rocket31
There have been so many huge buys on coinbase on this dip. I think a monster wave of public announcements is about to drop. Im guessing at least 5 large companies announce something over the next month
Posted on 3/9/21 at 10:48 am to DallasTiger11
Apple
Posted on 3/9/21 at 10:49 am to DallasTiger11
lord i hope not, id like more time to accumulate
Posted on 3/9/21 at 11:04 am to rocket31
Are y’all familiar with Voyager?
Posted on 3/9/21 at 11:08 am to Ross
Exchanges have been hacked before.
Posted on 3/9/21 at 11:10 am to finchmeister08
quote:Yes, but I will use whatever exchange has the coin I want. Then add it to my wallet. I do not have a cold storage wallet yet but I will get one soon. My holdings are minimal but if I had over a certain amount no way I leave that n an exchange.
Are y’all familiar with Voyager?
Posted on 3/9/21 at 11:18 am to ninthward
So voyager is just another exchange?
Posted on 3/9/21 at 11:20 am to finchmeister08
yea i got off the waitlist and then never went through the KYC process so no real experience. the interest rates were not as high as i currently get so i didnt mess with it.
i only have 3 coins right now, mostly just HODLing,but i feel like voyager would be great for active traders
i only have 3 coins right now, mostly just HODLing,but i feel like voyager would be great for active traders
Posted on 3/9/21 at 12:14 pm to rocket31
I understand the sense of having your coin in you’re own personal wallet, but I feel more uncomfortable with them on my computer that could also crash and fry at any moment. It’d be a rare occurrence, but it could still happen. It’s kinda why I don’t keep my current normal fiat savings in my back pocket with my normal wallet. Me losing it seems more probable in my pocket than it does at a bank.
Posted on 3/9/21 at 12:20 pm to finchmeister08
quote:
I understand the sense of having your coin in you’re own personal wallet, but I feel more uncomfortable with them on my computer that could also crash and fry at any moment. It’d be a rare occurrence, but it could still happen. It’s kinda why I don’t keep my current normal fiat savings in my back pocket with my normal wallet. Me losing it seems more probable in my pocket than it does at a bank.
Coins in a wallet are not on your computer. Not negating your basic idea though. Everyone should decide what's best for them but the idea that you can't keep coins on an exchange are a bit overstated in my opinion.
Posted on 3/9/21 at 12:33 pm to keakdasneak
Here is Real Vision co-founder Raoul Pal with a slightly bullish take on the future of crypto...
Raoul Pal Says Bitcoin and Crypto Will Soar to $100 Trillion
Raoul Pal Says Bitcoin and Crypto Will Soar to $100 Trillion
quote:
Pal believes that the market cap of Bitcoin and crypto can soar at least 100x from its current valuation of about $1.7 trillion.
quote:
“I’m finding it fascinating to see traditional finance and business people first trying to get their heads around BTC, then other crypto protocols, then DeFi (decentralized finance) and now NFTs (non-fungible tokens). At every single stage in the rapidly evolving ecosystem, they have used mean-revertionist thinking as opposed to exponential network effects analysis and therefore everything looks like a bubble or a misallocation of capital.”
quote:
This space will not be a $1.7 trillion ecosystem as it is today but a multi-hundred trillion dollar ecosystem eventually. You can embrace change or fight it, but you owe it to yourself to understand it as the pace of innovation is going exponential too.”
Posted on 3/9/21 at 12:34 pm to keakdasneak
quote:
Coins in a wallet are not on your computer.
can you elaborate? that's how i understood it. i guess it depends the wallet? i've read a few reddit comments that some wallets are web based that are still prone to hacks. like the exodus wallet for example. i haven't researched wallets as much as i should have though so i really don't know how the work behind the scenes.
Posted on 3/9/21 at 12:44 pm to finchmeister08
He means they’re on a drive, not a computer. Your point still stands valid though. You have to protect the hardware on which hour coins reside.
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