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re: Official CryptoTalk Thread
Posted on 7/18/22 at 9:32 pm to James11111
Posted on 7/18/22 at 9:32 pm to James11111
Are you talking yield percentages? I don't know how that matters in this case, but if so, their latest rates that you posted are indeed close.
0
Posted on 7/18/22 at 10:34 pm to James11111
quote:you just don't get it man. You are literally handing your keys to a centralized party. You don't own what you think you own. Good luck, but I think you should reconsider leaving your hard earned dollars on a cex.
Gemini isnt close to the same in yield as the platforms that have crashed.
Posted on 7/19/22 at 6:22 am to FnTigers
I took mine off coinbase 2 months ago. If you don’t think Gemini is at risk along with every other cex I don’t know what to tell you. Contagion is a real risk when everything is going down as far and fast as crypto declined this year.
Hell every major bank was at risk in 2008. Not all had bad risk management. And the government ain’t swooping in to save Gemini or coinbase.
Hell every major bank was at risk in 2008. Not all had bad risk management. And the government ain’t swooping in to save Gemini or coinbase.
Posted on 7/19/22 at 8:08 am to Pierre
Unfortunately I don’t trust it in on a cold storage device sitting around either.
But does anyone recommend a good one?
But does anyone recommend a good one?
This post was edited on 7/19/22 at 8:16 am
Posted on 7/19/22 at 8:46 am to James11111
quote:
I don’t trust it in on a cold storage device sitting around either.
Fair point. I bought a trezor about a year ago and didn't feel comfortable moving my stuff onto it. A few months back coinbase made some comments concerning ownership of the crypto, I don't remember exactly what they said, but it concerned me so I moved it to trezor.
I have my trezor and key codes stored in separate safe locations. Lose the trezor it's ok. Just make sure your codes are stored somewhere fireproof and safe. Never click on emails or answer phone calls from trezor customer service. Only deal directly with the trezor webpage.
I'm no pro. I only learned about this through this website. Maybe other people can chime in and let me know if I am wrong on this or should be doing anything else.
I am also not recommending trezor. It's just who I used after looking at my needs and comparing it to others.
Posted on 7/19/22 at 10:55 am to James11111
Ledger and Trezor basically have the market cornered. Trezor is more open source from what I understand, but both are highly regarded.
Posted on 7/19/22 at 7:36 pm to Ross
Man I thought I was bad with money trapped on Voyager but I get updates of the debtors filed in the bankruptcy hearing and people file claims losing hundreds of thousands
Posted on 7/20/22 at 9:45 am to James11111
quote:You don't trust it or your don't trust yourself? Because don't trust it means you haven't taken the time to learn about cold storage. Don't trust yourself? I can somewhat understand that, but given what we have seen happen over the past couple month, everyone should be practicing to make themselves comfortable with cold storage
Unfortunately I don’t trust it in on a cold storage device sitting around either.
Posted on 7/20/22 at 11:04 am to James11111
quote:
Unfortunately I don’t trust it in on a cold storage device sitting around either.
Anyone new reading this thread please do the opposite of this guy.
Get your money off centralized exchanges. Hold your own keys. Preferably a hardware wallet.
Posted on 7/20/22 at 11:09 am to FnTigers
Yes, the yield is not worth it. Take it from someone who learned the hard way. Get them off of exchanges!
Posted on 7/20/22 at 12:16 pm to 21JumpStreet
I’m still rolling with FTX hopefully I won’t regret this decision
Posted on 7/20/22 at 12:34 pm to CE Tiger
I trust DEX's over CEX's at this point.
Posted on 7/20/22 at 12:46 pm to CE Tiger
When does yield get deposited on ftx? Waiting on that to move that out.
This post was edited on 7/20/22 at 12:46 pm
Posted on 7/20/22 at 1:21 pm to CE Tiger
quote:
people file claims losing hundreds of thousands
It boggles my mind that someone would trust some faceless, unproven, unregulated entity with this amount of money.
Posted on 7/20/22 at 1:39 pm to 21JumpStreet
quote:
When does yield get deposited on ftx? Waiting on that to move that out.
I think it’s dropping yield like real time. FTX never just dumps a deposit on you
Posted on 7/20/22 at 1:40 pm to CE Tiger
I see it getting accumulated but never deposited into my wallet
Posted on 7/20/22 at 1:45 pm to 21JumpStreet
If you go to sell your value should be higher than what you deposited
I currently have about 4% more in my wallet than what I deposited
I currently have about 4% more in my wallet than what I deposited
This post was edited on 7/20/22 at 2:05 pm
Posted on 7/20/22 at 2:46 pm to CE Tiger
Ah ok, maybe I did get it all off + yield then.
Posted on 7/20/22 at 4:04 pm to 21JumpStreet
Elon buying high and selling low. Average buy in at 31,620 and sell at 28,888.
Posted on 7/20/22 at 6:21 pm to FnTigers
No need to freak out.
I dont trust having that much money sitting around, not that I don't trust the device.
I wouldn't want to keep a shitload of cash in a safe either, but that's just me.
I guess ill need to look into it.
I dont trust having that much money sitting around, not that I don't trust the device.
I wouldn't want to keep a shitload of cash in a safe either, but that's just me.
I guess ill need to look into it.
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