Crypto investors are turning to Military grade vaults to safeguard their Keys. While some prefer to know the Keys by heart, some have their crypto stash in physical dedicated crypto wallets like Trezor and pay big money to have them stored in Nuclear sheltered safe vaults. Take for instance Swiss Crypto Vault who offers Nuclear sheltered vaults to crypto investors. if you had 2000 bitcoins what options would you pick? I believe that is for those that have come out to publicly announce how much Bitcoins they are holding, hopefully, they might need that kind of place to store their keys  but if you do have such an amount of Bitcoin and no one knows about it and you just store your keys like the regular investors, write them down on some diary or some personal Hard drive, and lock in some private home safe, I do think that is still ok. |
|
|
|
It seems to me that it would be safer (and more convenient) to keep your crypto on an exchange (coinbase, blockfi etc) than cold wallet. Wouldn't the odds be greater that you mess up your cold storage than a large exchange being hacked or whatever (even if they are hacked, that wouldn't necessarily mean you would lose any coins, whereas if you are hacked that's a different story). I ordered a ledger nano X but it seems that the exchanges are still the way to go based on probabilities. What are your thoughts?
I don't think you really understand what having to Hold lots of Bitcoin means. We are not talking about owning a few satoshis in an exchange, but a major amount of Bitcoins. From this chart, you would realize that more Bitcoins are held outside the exchange. the white line is the price of BTC and the Blue line is the amount of BTC held in exchange wallets and it continues to drop meaning more people are storing their Bitcoin in other storage outside the exchange because they understand the risk with the exchange and for those that do this, they should understand the importance of keeping their private keys safe.  Source: Bitcoin Exchange Flows |
|
|
|
What's your reason for still holding the meme coin in your wallet, and when do you intend selling it all off to buy a more purposeful coin or token. Are you holding just because of the hype, or do you have any analysis be it technical or fundamental technique that is giving you a go ahead signal to hold more or the hype is doing the work for you.
Once I invest in meme coin it would be that I see it at the right time, that is if it has not already done a big upward movement and I might risk some affordable amount on that but we have seen Dogecoin come a long time in the crypto space and one of the meme coin I would invest in also even after it first big move upward is SHIB cos I believe it might have something more than just being a meme coin. |
|
|
|
All eyes are on the BNB due to the increase in Ethereum's gas fee. Thinking about the beginning, it can be understood that the BNB's gas free is increasing day by day. Although I don't know the exact reason behind it, the curiosity is there.
True that. If you know what the ethereum gas fees are now you would know that what we get from BSC thus far is still very good though we know it might continue to increase over time due to many factors. I did a transaction recently over at uniswap and my gas fees were well over $100 and that almost drove me crazy like why was that coin on the ethereum network but I didn't have any choice and there are others I still cannot trade now over at the same uniswap cos of this same gas fee. |
|
|
|
This is what I am thinking about. When I die, what happens to my bitcoin earned in trading and signature campaigns. Well, in order for me to solve this. I printed already my private keys and stored them where my mother knew. I told her the place where my keys to be found. But the problem is, she is not techy savvy because old people has gaps when it comes to technology (aside from jet cash). Well, it does not matter because I said to her that my money is stored in my keys.
I hear what you are saying but we are talking about death here and my Mum (RIP) wouldn't have been the person for me to entrust that to also even though Death doesn't come by age. However, my wife is not technically knowledgeable about the workings but she understands everything and knows where I save all my vital crypto information and can share it with a close family too that will be able to make good use of them should death happen and I believe this is a good step all should take with regards to this issue. |
|
|
|
you know, what am i afraid is when face with older, they will take more energy, need explain more, detail, slowly until reach what we want to tell. not all people have big brain, but in my place, they like 'ah, uh, ah, uh'. desperate come before i try, and after try convincing them i feel nothing, because they just dont understand what i want to say.
Yeah, that might be a problem sometimes when you are trying to explain cryptocurrency investment to the elders but the good thing whit this one was, they heard on and came to seek assistance with the investment which most of us have all done at a point at the beginning of our crypto journey. Most older citizens still find it difficult to understand it when you try to explain Crypto to them but others are quick to catch up and it was most pleasant the OP was able to close their needs. |
|
|
|
Now a day hundreds of meme coins launching with too much supply and no use case so what do you think about meme coins and will some meme coins survive long or they will all runaway ?
Chances are very little for them to survive and in my opinion none of them will survive for a year or more than that, the only successful meme coin was DOGE which was good until Elon Musk started to manipulate the prices, I had good belief on that coin when it was in few cents but now the price were too mucked hiked which is what looks scarier to me about its future. Even though I agree with what you said about most of them not surviving long enough but I believe the one-year mark isn't so, Dogecoin has been around for a long time since 2013 and even Shiba Inu has even existed for more than a year now. I believe these two will continue to go further since Dogecoin has been here for that long and Shiba Inu even have more to offer as crypto than the Dogecoin that has survived this long and both have huge supporters too. |
|
|
|
Dear Members, I am planning to invest $1000 to buy few risky coins with a good possibility to grow. From your perspective, which of the above coins have better potential to grow. Would you split $200 between each of the coins or rather buy 1-2 projects? You may vote for few projects. Thanks
If I have $1000 to invest in cryptocurrency, It wouldn't be on any of the ones you have listed. I believe this is still the problem with some crypto investors just willing to throw away funds all in the name of making millions overnight. Even if you intend to risk some funds Investing in shit coins, I don't think it would be a $1000. |
|
|
|
Everyone see the goodness of Bitcoin which they embrace , Bitcoin is like the modern diamond (nobody hates diamond).
Not all people view it as a good thing. In reality, there are still many people claiming BTC is something not secure. We can say it is like a diamond because we are BTC lovers. While those people who don't know BTC, probably assume it as a worthless thing. You must know that many of my friends still don't believe that Bitcoin is secure to invest in. They think euphoria in BTC can be over any time. I agree with you. Even to the end of time, I don't believe that everyone will accept Bitcoin no matter the amount it gets to because there will always be those people that will continue to believe that the end for Bitcoin is near it is just a bubble and these people have been there since the beginning just like we have countries adopting Bitcoin and others outrightly banning Bitcoin. So not everyone will accept Bitcoin even in the future. |
|
|
|
40% of all Bitcoins are owned by just 1000 individuals.
This gives them a disproportionate amount of control over the market as they are able to dump them at anytime.
This is not to mention the high proportion of bitcoins held by miners and exchanges, who may have perverse incentives to ensure that as many people buy up bitcoin as possible and hold it for long enough for the price to rise.
Is there any way to deal with the high degree of centralisation that Bitcoin has?
I believe it is a natural life balance. Nothing will ever be equal in terms of ownership or distribution amongst everyone. Even with this 40% of all Bitcoins are owned by just 1000 individuals, this doesn't mean that the rest of the investors in Bitcoin have not been able to make profits from whatever amount they have been able to invest and if you have enough financial power to make you a whole, you can be that any time you want cos we still hear of people buy millions of $ worth of Bitcoins. |
|
|
|
Hi Friends, as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc. I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated  For me, it depends on what is available on the exchange that I am using at the time and since I am using Binance more, I just trade to BUSD or my local Fiat since that too is available on Binance. This means I don't have anyone preferred stablecoin since I believe that the entire crypto trading itself is risky and I try to move to personal wallets instead of exchange wallets. |
|
|
|
The sad part about this is that, "burning" became such a hyped buzzword that I see new projects starting with 1 trillion tokens and then burning 500 billion of them. Even if the coin worths literally 1 satoshi each, or even lower, that looks like they just burned millions or thousands of dollars at least. Which creates this amazing "marketing" for people who do not realize that starting with 1 trillion and burning 500 billion tokens is EXACTLY same as starting with 500 billion tokens, there is no difference.
All in all burning needs to stop being a buzzword and start being something great again. BNB is the most famous one, very very recently the other day Binance burned literally millions of dollars in a single day, that is the proof that burning could be good, they are actually making it very scarce with this method and the value goes up thanks to it, that is how burning should be done.
I totally agree with what you said in terms of, I too believe that this is the new marketing strategy for the cryptocurrency Projects. I have always thought about it too, why don't they just print/mint the specific number of coins/tokens that the projects needs and roll from there, but I soon realized that this is the new marketing tool because those coins/token burned are actually valued based on the current price of the project and at the end of the day, they make the investors see that they are reducing $x total amount and making the project more valuable. |
|
|
|
Regulatory issues for cryptocurrency have actually been around for a long time. In fact, it was several years ago. But it seems, in the past year or so, it has become a serious topic of discussion in several countries. And it seems, some countries will soon implement it. What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized? What do your friends think here? Please share, hopefully this can add insight for all of us 😊🙏
I believe it will come off as a good thing considering what we have seen from counties where the government has chosen to accept and regulate the trading of cryptocurrencies and from the experience from my own country where the Government have chosen not to and have gone ahead to even Freeze bank accounts "suspected" of dealing in crypto trade even without proof until the account holder is able to prove that the monies are not from crypto trading. So, Government acceptance/regulations can actually bring some sanity to the system. |
|
|
|
My question is: is there some token on bsc that isn' t pumped for bull trap?
I don't see this as a stand-alone question to BSChain, we have had these same problems with projects on Ethereum networks too in the past and I believe there will still be all these scam projects on different cryptocurrency chains/networks till now but it now depends on the investors, but we know most investors are looking to invest in what will make them huge profits in a short term instead of investing on what is a validated solid project. |
|
|
|
|
Bitcointalk Username: KaliLinux
Current post count: 874
Merit earned in last 120 days: 4
Your BTC Address: bc1qt96p7638a67wk6xjcf8t8ze8q5tlgzl69f2j8h
|
|
|
|
Accepted: Kindly update your Avatar & signature if you're not wearing them. Forum Username: blatchcorn Forum profile link: https://bitcointalk.org/index.php?action=profile;u=260800Current amount of posts (including this one): 1447 Amount of merits EARNED in the last 120 days: 5 SegWit BTC Address for Payouts: bc1q9mks3l560y3tsauc0n4w4ym4nr0v6450tv6x7e Are you wearing signature code: Yes
Available slots: 3x Snr members (higher ranks are welcomed to apply as well). Signature/Avater updated. |
|
|
|
Forum Username: KaliLinux Forum profile link: https://bitcointalk.org/index.php?action=profile;u=442362Current amount of posts (including this one): 838 Amount of merits EARNED in the last 120 days:8 SegWit BTC Address for Payouts: bc1qt96p7638a67wk6xjcf8t8ze8q5tlgzl69f2j8h Are you wearing signature code: Yes |
|
|
|
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=442362Rank: Hero Member Current post count (including this one):836 bech32 BTC Address: bc1qt96p7638a67wk6xjcf8t8ze8q5tlgzl69f2j8h Merit EARNED in the last 120 days: 8 Do you apply for a specific region/language? yes/no and language (NO) Telegram Handle (optional): @Nicecrypto |
|
|
|
Isn't speculation and volatility a problem for Bitcoin?
Quite the contrary in my opinion. If the price or there is no volatility like it is with Bitcoin, do you really think it will be this widely adopted and traded within the few years that it has existed? I believe that this is what makes Bitcoin what is today and like @Yogee said here Isn't speculation and volatility a problem for Bitcoin?
Are you asking bitcoin the cryptocurrency or Bitcoin blockchain? It depends on who you're asking if it's the cryptocurrency. A day trader would probably think the volatility is a great opportunity to earn money. A long term investor probably wouldn't care about the short term ups and downs. A merchant accepting BTC could choose to be either of the two or both. People will choose how they see BTC even though I also believe the even the long-term investors still believe in the volatility even if they don't care about it in the short term. |
|
|
|
|
Show Posts
