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Winklevoss twins’ crypto exchange, has endured $485M of net withdrawals in the past 24 hrs
Posted on 11/16/22 at 6:03 pm
Posted on 11/16/22 at 6:03 pm
quote:
Gemini, the Winklevoss twins’ crypto exchange, has endured $485 million of net withdrawals in the past 24 hours, according to data by Nansen, as suspension of the yield program and a brief outage shook users’ confidence.
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Posted on 11/16/22 at 6:26 pm to iPadThai
That's where I have my only crypto stuff. I've thought about yanking it, but it's also down right now. Who knows what to think right now...
Posted on 11/16/22 at 6:29 pm to Chucktown_Badger
Bruh get a ledger and take it off or it could be gone tomorrow vs "being down"?
This post was edited on 11/16/22 at 6:29 pm
Posted on 11/16/22 at 6:39 pm to Chucktown_Badger
What to think right now is every custodial service in the crypto space is suffering massive contagion issues in the last few months from various types of irresponsible business practices, so if you want to keep some of your portfolio in crypto assets you really ought to buy a hardware wallet like Ledger and self custody, assuming it isn’t already too late to do so.
This post was edited on 11/16/22 at 6:42 pm
Posted on 11/16/22 at 6:49 pm to Chucktown_Badger
quote:
That's where I have my only crypto stuff. I've thought about yanking it, but it's also down right now. Who knows what to think right now...
Wouldn’t it be possible to just have those crypto assets transferred to you and you could store them on a local device?
The part about being down confused me.
Posted on 11/16/22 at 7:15 pm to iPadThai
I don't know if this is like a classic run on banks that are short of liquid, or the collapse of a Ponzi Scheme.
Posted on 11/16/22 at 7:20 pm to Chucktown_Badger
quote:SMH
That's where I have my only crypto stuff. I've thought about yanking it, but it's also down right now. Who knows what to think right now...
Posted on 11/16/22 at 9:04 pm to Auburn1968
Do yall think we could make a money board crypto exchange? Like the original bitcoin exchange was a magic the gathering forum
I'm not trying to save the world here I'm just tryna get paid. I'm sure there are enough of us with expertise with computers that we could throw together our own crypto exchange now that all the other ones are dead
I'm not trying to save the world here I'm just tryna get paid. I'm sure there are enough of us with expertise with computers that we could throw together our own crypto exchange now that all the other ones are dead
Posted on 11/16/22 at 9:19 pm to el Gaucho
quote:
Do yall think we could make a money board crypto exchange? Like the original bitcoin exchange was a magic the gathering forum
I think the boys at Gamecoin are look for partnerships for their next big project.
Posted on 11/17/22 at 8:35 am to 21JumpStreet
quote:
Bruh get a ledger and take it off or it could be gone tomorrow vs "being down"?
I don’t know how to do that but should look into it.
Posted on 11/17/22 at 9:08 am to 21JumpStreet
quote:
Bruh get a ledger and take it off
do you know who owns Ledger? I think youll be surprised
Posted on 11/17/22 at 9:32 am to iPadThai
Not sure why anyone would still have money on this exchange when they have continually lied about their exposure to both 3AC and FTX.
Coffeezilla on Genesis
Coffeezilla on Genesis
Posted on 11/17/22 at 9:36 am to UltimaParadox
Is it seriously as easy as buying an $80 ledger thing on Amazon and downloading my tokens directly to it? Doesn't look like they have a monthly fee for the app usage to trade.
Posted on 11/17/22 at 9:51 am to iPadThai
I remember a few years ago he was on Fox Business touting Crypto and you are basically an idiot by not investing in it. I am sure he banked well from all the investors, but to experience a cash out like that is poetic.
This post was edited on 11/17/22 at 9:54 am
Posted on 11/17/22 at 10:06 am to theRealJesseD
quote:Do you?
do you know who owns Ledger? I think youll be surprised
Posted on 11/17/22 at 10:08 am to Chucktown_Badger
quote:1.... do not buy from amazon, there are fakes out there. Buy directly from Ledger or Trezor. (I used Trezors.)
Is it seriously as easy as buying an $80 ledger thing on Amazon and downloading my tokens directly to it? Doesn't look like they have a monthly fee for the app usage to trade.
These are hardware wallets... basically a hard key that gives you access to use your wallet. Because BTC doesnt have an on chain exchange you still have to suck middleman D, to buy BTC, but yes, once you do, you can send it to your hardware wallet address for safe keeping.
I suggest you familiarize yourself with what is a hot wallet, cold wallet, and hardware wallet. Most people dont understand the difference but it is simple.
your seed phrase is your key to your wallet.... end all be all, no one in the world should know it but you.
A hot wallet (app on your phone, extension on your web browsers) has your seed saved in a dat file, but you can buy/sell move coins from your device. But if someone copies your data, they can extract your seed and steal your money.
A cold wallet is a wallet where you have the seed phrase written on a piece of paper, stamped on washers or titanium plate, etc and it is not in an active wallet on any device. you can not send from or buy anything with that wallet without turning it into a hot wallet BUT you can send coins TO that wallet. This could be for long term keeping where you are just buying constantly and sending coins to this wallet for safe keeping.
The middle of the 2 is a hardware wallet. It is a usb device which holds your seed phrase, encrypted, but allows you to plug it into a computer where you can buy/sell/send coins from that wallet.
This post was edited on 11/17/22 at 10:15 am
Posted on 11/17/22 at 10:34 am to CarRamrod
Thanks for the thoughtful response. Hardware wallet seems to be the way to go for me. I want it secure but want to be able to perhaps do some trading. And really good point on not buying from Amazon.
Posted on 11/17/22 at 10:45 am to Chucktown_Badger
You can download the Strike app and send the bitcoin you purchase directly to your hardware wallet for cents. Cash app can also do this but the fee to buy bitcoin itself is larger. You can also send it back to sell.
I have a weekly buy set up and then very once in a while send it onto my hardware wallet.
Ledger also has some options to buy directly on their app but I haven’t tried it before.
I have a weekly buy set up and then very once in a while send it onto my hardware wallet.
Ledger also has some options to buy directly on their app but I haven’t tried it before.
Posted on 11/17/22 at 10:56 am to lighter345
quote:most 2ndary companies that are not exchanges charge their own fees + the exchange fees. So find the cheapest fees on a reputable exchange (CB, Kracken) BUT only use these ad the middleman. buy then send to your wallet address.
You can download the Strike app and send the bitcoin you purchase directly to your hardware wallet for cents. Cash app can also do this but the fee to buy bitcoin itself is larger. You can also send it back to sell.
I have a weekly buy set up and then very once in a while send it onto my hardware wallet.
Ledger also has some options to buy directly on their app but I haven’t tried it before.
Posted on 11/17/22 at 11:10 am to CarRamrod
Strike is actually cheaper than anything I’ve found for weekly purchases.
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