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re: Official CryptoTalk Thread

Posted on 3/17/23 at 4:35 pm to
Posted by CE Tiger
Metairie
Member since Jan 2008
41784 posts
Posted on 3/17/23 at 4:35 pm to
I stake thru Staking.Chain.Link its thru metamask and my ledger

Pool is filled.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
44349 posts
Posted on 3/17/23 at 7:48 pm to
HYPE [ON] OFF

30k here we come
Posted by LordSaintly
Member since Dec 2005
40595 posts
Posted on 3/17/23 at 7:58 pm to
I love seeing a token pull a 4x and not being able to sell because my ledger isn't with me.
Posted by kpop1
Member since Jan 2018
1662 posts
Posted on 3/18/23 at 10:59 am to
New to this board. So do most here save on cold wallets?

Posted by I Love Bama
Alabama
Member since Nov 2007
38305 posts
Posted on 3/18/23 at 11:17 am to
quote:

So do most here save on cold wallets?


Say this phrase over and over again because its the most important in crypto...

"Not your keys, not your coin" If you don't have "your" crypto in cold storage, you do not have any crypto.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81692 posts
Posted on 3/18/23 at 11:23 am to
quote:

New to this board. So do most here save on cold wallets?

Yes, at least most of us heavily advocate for that. Given what we saw in 2022, there is no reason for anyone to not take time to learn how to store on cold wallet
Posted by kpop1
Member since Jan 2018
1662 posts
Posted on 3/18/23 at 11:25 am to
I have heard it. And I am one of the ones that got royally screwed.

Had a lot of money in Voyager, Celsius, Blockfi (not a lot) and in Luna.

I use a Trust wallet now. Still have some in Coinbase, Crypto.com, and Binance. So Ledger and Metamask are the names I hear most.

I am really trying to get educated. I have lost so much money because of treachery and deceit.

This post was edited on 3/18/23 at 11:26 am
Posted by LordSaintly
Member since Dec 2005
40595 posts
Posted on 3/18/23 at 11:26 am to
quote:

New to this board. So do most here save on cold wallets?



I held out until last year when the Solana wallet hack happened. Thankfully I didn't lose anything in that, but even non-custodial hot wallets are risky since your private keys are internet-accessible.

Keeping your money on exchanges is also dangerous because if they have a liquidity crisis (like FTX) or get hacked (like Mt. Gox), your money is gone.

The only downside is that cold wallets are not as convenient, but it's a small sacrifice to make.

Edit: It seems you've already dealt with the problems of centralized exchanges. It would not have helped with Luna, but yes, I highly recommend getting a cold wallet.
This post was edited on 3/19/23 at 2:01 am
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 3/18/23 at 3:41 pm to
Excited about this arbitrum stimulus. Thinking 1-2 dollars.
Posted by CoyoteSong
Colorado
Member since Aug 2021
2603 posts
Posted on 3/19/23 at 11:12 pm to
“you’ll own nothing & be happy”


The Great Reset


Posted by finchmeister08
Member since Mar 2011
37939 posts
Posted on 3/19/23 at 11:52 pm to
quote:

I love seeing a token pull a 4x and not being able to sell because my ledger isn't with me.


It’s almost like it’s worth it to some people to have some crypto on an exchange.

Posted by HottyToddy7
Member since Sep 2010
15247 posts
Posted on 3/20/23 at 12:18 pm to
I wonder if this being tax return season, and banking issues are causing this little bump.

$28,600 held as support from January 2021 all the way until June 2022. It will be a tough wall to push through and hold. But if it does and it becomes another major support again, it could be a great jumping off point and we could be back towards a bull market. But I still have doubts in the current market in general.
Posted by Pierre
Baton Rouge
Member since Nov 2005
5382 posts
Posted on 3/20/23 at 12:58 pm to
Haven’t followed the shite coins lately but anybody has thoughts on shib? Any potential runs upcoming
Posted by HottyToddy7
Member since Sep 2010
15247 posts
Posted on 3/22/23 at 10:59 am to
There goes $28,600. Need to hold $25,300 now on the pull back.
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 3/25/23 at 7:58 am to
Is crypto really a safe haven during recession? They have no fundamental value so nothing to lose in recession, right?

Thinking about adding BTC. It needs a pull back to $25k in the next few days and if that holds as support, could be a good time to add for a rally to 40k in the coming months.

Think it's largely dependent on the USD continuing to weaken so once Fed pivots to rate cuts, we'll see if that sets off the BTC rally.
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
69131 posts
Posted on 3/25/23 at 8:34 am to
I think my new strategy is going to be buying when this thread is not on the first page of money talk, and hold/do nothing when it's on the 1st.
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 3/25/23 at 8:38 am to
Sorry for the bump then
Posted by I Love Bama
Alabama
Member since Nov 2007
38305 posts
Posted on 3/25/23 at 8:55 am to
quote:

Is crypto really a safe haven during recession?


No.

quote:

Thinking about adding BTC.


Smart.
Posted by FnTigers
Member since Sep 2021
1913 posts
Posted on 3/25/23 at 9:37 am to
quote:

It’s almost like it’s worth it to some people to have some crypto on an exchange
No, it's not. Not using a hardware wallet is 1000x better than using a CEX. Or, use your hardware wallet and bring it with you.

I have my hardware wallets stashed away and they are rarely pulled out. I have a hot wallet (proper security...locked sim..protected seeds) that I'll use for convenience.

I'll send crypto to my trezor addresses to chill for the long haul.
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 3/25/23 at 10:15 am to
Well, if the bond market is correct, we only have a few months before recession and the regional banking crisis isn't over.

ETA: I won't touch the shite coins, but BTC looks attractive to me at this point. Hope it plays out how I see it for a nice profit opportunity.
This post was edited on 3/25/23 at 10:18 am
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