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Author Topic: Why do people not put their Bitcoins in Cold Storage?  (Read 1871 times)
nerobie
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January 10, 2014, 10:28:25 AM
 #21

you will win a lot of £ while doing that and probably  you will get much high price
probitcoiner (OP)
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January 10, 2014, 05:38:17 PM
 #22

you will win a lot of £ while doing that and probably  you will get much high price

I don't understand what your saying.
mjc
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January 10, 2014, 05:40:32 PM
 #23

They don't put all their Bitcoins in Cold storage for the same reason you don;t put all you money in a safe deposit box.  If you want to have access to it so you can use it, it only make sense that you would keep it out of cold storage.

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hilariousandco
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January 10, 2014, 05:42:49 PM
 #24

you will win a lot of £ while doing that and probably  you will get much high price

I don't understand what your saying.

This guy was either a spambot or posting jibberish and has now been banned. Just ignore his posts because they're nonsense.

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probitcoiner (OP)
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January 13, 2014, 01:51:01 AM
 #25

They don't put all their Bitcoins in Cold storage for the same reason you don;t put all you money in a safe deposit box.  If you want to have access to it so you can use it, it only make sense that you would keep it out of cold storage.

What I should say is, you don't need to put all of your bitcoins into cold storage. You can keep the coins that you want to use in a hot wallet. If you own 10+ bitcoins do you need them all out to use?
PolkRB
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January 13, 2014, 11:35:02 AM
 #26

cold storage = on a flash disk stored in a safe

This sounds a lot better than printing to paper. What if paper quality degrades and you won't be able to scan the QR...
guybrushthreepwood
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January 13, 2014, 11:50:47 AM
 #27

cold storage = on a flash disk stored in a safe

This sounds a lot better than printing to paper. What if paper quality degrades and you won't be able to scan the QR...

What if the USB breaks or becomes corrupted and you lose it?
PolkRB
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January 13, 2014, 12:01:46 PM
 #28

cold storage = on a flash disk stored in a safe

This sounds a lot better than printing to paper. What if paper quality degrades and you won't be able to scan the QR...

What if the USB breaks or becomes corrupted and you lose it?

Then just like paper the whole cold storage talk is not secure as well as hot storage if one can't secure the online wallet well enough.
Flashman
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January 13, 2014, 12:02:24 PM
 #29

Also remember to have a copy on another continent in case of major asteroid strike.

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