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Question: What is a better long term investment? 0.8 BTC in a cold wallet or a .5 BTC Brass Casascius?
0.8 BTC on paper/trezor - 13 (100%)
.5 BTC Casascius - 0 (0%)
Different coin - explain - 0 (0%)
Total Voters: 13

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Author Topic: Cold wallet or physical bitcoin..  (Read 1161 times)
lemipawa
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August 10, 2016, 03:44:24 PM
 #21

Cold wallet your Bitcoin stays as it is, if its 2BTC today, its still 2BTC next year nothing will changd, while physical bitcoins, you may buy one of those today at 0.1BTC after a few years price may double base on the condition and you can also put in in display so others can see and envy.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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August 10, 2016, 03:58:00 PM
 #22

physical bitcoin looks way much better than a trezor wallet though if it comes to safety i would definitely choose a trezor wallet because it is pretty much impossible to hack

 
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eddie13 (OP)
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August 10, 2016, 04:33:37 PM
 #23

the thing that you forgot to mentions is that what is your purpose for doing this?

To force myself into cold storage and get my coins out of polo lending before they get goxxed..
And get them away from my fingers (computer) so I can't easily change my mind later..

I bought a 2013 .5 BTC Brass Casascius for .8BTC to accomplish this goal and I wanted to know what others thought about this kind of investment decision..

I guess the overwhelming majority, 100%, think I would be better off to just have put .8BTC on a paper wallet to avoid the value of an object connected to my cold BTC ...

I really believe in BTC and want to stick myself in a long term investment that can't easily be undone..

It's a pretty cool token of all that effort it took to earn all that BTC. Earning BTC is getting harder and harder all the time..

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August 10, 2016, 04:40:55 PM
 #24

Cold wallet your Bitcoin stays as it is, if its 2BTC today, its still 2BTC next year nothing will changd, while physical bitcoins, you may buy one of those today at 0.1BTC after a few years price may double base on the condition and you can also put in in display so others can see and envy.
thats true, i believe that physical bitcoins are way cheaper so i would definitely go with it because it can still be a really reasonable cold storage

 
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utkarshm
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August 10, 2016, 04:54:10 PM
 #25

I would also choose keep those coins in cold wallet will be better option like all others.First of all buying a physical coin like .5 BTC Casascius will be difficult.You have to buy it from a person who will deliver you and there is no way whether its genuine or not and still storing them will be better as we expect bitcoin price to increase in the future so better investement.
lemipawa
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August 11, 2016, 03:33:55 AM
 #26

I would also choose keep those coins in cold wallet will be better option like all others.First of all buying a physical coin like .5 BTC Casascius will be difficult.You have to buy it from a person who will deliver you and there is no way whether its genuine or not and still storing them will be better as we expect bitcoin price to increase in the future so better investement.
I don't know whats difficult with buying a Casascius physical coin with 0.5 BTC face value, you can visit the collectibles section and ask around, theres a lot of trusted sellers out there who might change their mind and sell some of their spare to those who wants to start collecting physical coin. I have some physical coins that come from the Netherlands shipped all the way here in the Philippines with no problem.
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September 12, 2017, 11:40:30 AM
 #27

I read somewhere that a paper wallet is only safe if the program generating it comes from a trustworthy source. Something to do with a dodgy paper wallet generator being "preloaded" with a bunch of known addresses and private keys. Any ideas?

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September 12, 2017, 01:02:02 PM
 #28

I prefer cold wallet instead of physical bitcoin as it is more costly and also hard to keep it safe, but cold wallet is very easy to store in any removable media and also we can make multiple copies of that wallet too.
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September 12, 2017, 06:03:43 PM
 #29

I prefer storing my bitcoins in a cold wallet as if I have to redeem my bitcoins then it is pretty easy to do so from a cold wallet and if I have to peel a physical bitcoin then I would not be able to do so as they are such a nice piece of art and I would never be pleased to destroy one, so I just use cold wallets for storing my bitcoins.
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