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Author Topic: $1000  (Read 1204 times)
TrueCryptonaire
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January 01, 2017, 09:39:01 PM
 #21

In order to avoid hacking news ruining the rally, I advice storing coins in a safe and sound manner OUTSIDE of the EXCHANGE.

I could not stress enough the importance of not trusting in the exchanges, remember what has happened basically to all the exchanges, eventually they get hacked and there is a risk of loss of coins.
Please, do not put your trust in online wallets as well as they can be compromised.

If you are looking for selling bitcoins, consider also diversification into Monero along with fiat money.

Mine are on a paper wallet for 2 or 3 years now Tongue

+1000
The Sceptical Chymist
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January 01, 2017, 09:40:46 PM
 #22

In order to avoid hacking news ruining the rally, I advice storing coins in a safe and sound manner OUTSIDE of the EXCHANGE.

I could not stress enough the importance of not trusting in the exchanges, remember what has happened basically to all the exchanges, eventually they get hacked and there is a risk of loss of coins.
Please, do not put your trust in online wallets as well as they can be compromised.

If you are looking for selling bitcoins, consider also diversification into Monero along with fiat money.
Hell yeah, that should be a given for anyone who's been on the crypto scene for more than a few months.  Currently that's not a problem for me, as I'm not using any exchanges--not even Yobit.  I can't find a good place to buy bitcoin with USD that doesn't make you sign over your firstborn child to the devil.

$1000.  Whoop-whoop-whoop!!!  This is the highest it's been since I actually started owning bitcoin.  Pretty damn cool.


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..CASINO....SPORTS....RACING..
JimboToronto
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January 01, 2017, 09:47:38 PM
 #23

In order to avoid hacking news ruining the rally, I advice storing coins in a safe and sound manner OUTSIDE of the EXCHANGE.

I could not stress enough the importance of not trusting in the exchanges, remember what has happened basically to all the exchanges, eventually they get hacked and there is a risk of loss of coins.
Please, do not put your trust in online wallets as well as they can be compromised.

Absolutely. All my coins have been in offline paper wallets since I lost 50 coins to MtGox. Never again.

If your private keys have never been exposed to the internet, they can't possibly be hacked.

Trusting some exchange or wallet program runs against the very raison d'etre of Bitcoin, trustlessness.
oblomov
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January 01, 2017, 10:40:51 PM
 #24



$1000.  Whoop-whoop-whoop!!!  This is the highest it's been since I actually started owning bitcoin.  Pretty damn cool.



Same here.  It's a good feeling, both because of the unrealized profits and because it vindicates my investment thesis.

Vindication is a dangerous feeling in investing.  I'm still hodling, and don't think we are close to the top.  Institutional interest in BTC as an asset class is nearing an inflection point... 
 
error08
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January 05, 2017, 04:08:31 PM
 #25

In order to avoid hacking news ruining the rally, I advice storing coins in a safe and sound manner OUTSIDE of the EXCHANGE.

I could not stress enough the importance of not trusting in the exchanges, remember what has happened basically to all the exchanges, eventually they get hacked and there is a risk of loss of coins.
Please, do not put your trust in online wallets as well as they can be compromised.

Absolutely. All my coins have been in offline paper wallets since I lost 50 coins to MtGox. Never again.

If your private keys have never been exposed to the internet, they can't possibly be hacked.

Trusting some exchange or wallet program runs against the very raison d'etre of Bitcoin, trustlessness.

Wow, big loss of BTC50. You may be rich right now to have such amount.
Learn by experience, more > learning from others experiences.
How many times exchanges got hacked and the price fall to gorge?
I won't store my btc into any exchange as they are the first target of hackers. Cheesy
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