Does a rotation of a DCA HODLing account wallet, guarantee safety from hackers?

[Doan9269]

If a whale investor has done well to DCA Bitcoins and have accumulated enough for a while now, and is trying to keep such enormous amount of Bitcoin safe from hackers or scammers, is one of the best ways not to just rotate the DCA holdings annually or periodically between safer wallets, to keep it safe?
Does such kind of rotation of holdings guarantee it's safe from hackers or scammers?

If you acquire your bitcoin through an exchange or you earn it or take any procedures to make sure you have it, it's yours only if you don't use an exchange, expose your wallet security informations to the public or go to illegal sites to make illicit downloads or engage on other related activities that may be used as vulnerability to your security, such as malicious links, downloads, website, or social media groups where you can out of your own carelessness get loosed and give access to them to find a reason to attack you.

[Z-tight]

I casually thought most whale movements might have been not primarily for converting of BTC to fiat but for security reasons, of which one easy solution that popped up is to periodically or annually rotate the HODLing wallet account, just to be sure to keep intruders or hackers or scammers guessing.

Cold wallets sure does the trick, but I figure it might be too easy to discover, mostly when those around know of such DCA investment and live in proximity so as they can dicipher where the key phrases or cold wallet secret location is.

You are missing the point here, you cannot tell why someone moved their coins from one address to the other, except the person tells you the reason, you can only guess why, and you may be wrong.

Like i have already said, moving your funds from one address to another is important only if your device or wallet has been compromised, moving your funds around doesn't give you security of your funds, what you need to worry about is the device that stores your keys locally, that device must be used in a very safe enviroment. If your device is compromised, your funds would be stolen and it doesn't matter if you have sent it to > 10 different wallets in the last 10 days. For better security, add extra layers of security, like setting up a multisig wallet, extending your seed phrase with a passphrase or using your wallet in a completely airgapped device.

[Lanatsa]

I was thinking just how much resources and attention to detail the brokers of whale investors, get to give and dedicate to an investors account inorder not to loose the millions of cash in their care. Same also applies to those of us who would prefer to DCA on our own without the help or services of a crypto broker.

If a whale investor has done well to DCA Bitcoins and have accumulated enough for a while now, and is trying to keep such enormous amount of Bitcoin safe from hackers or scammers, is one of the best ways not to just rotate the DCA holdings annually or periodically between safer wallets, to keep it safe?
Does such kind of rotation of holdings guarantee it's safe from hackers or scammers?

Depends on you actually.

If you are a whale then holding up your coins on a single wallet would really be that creating that kind of doubt or fear but if you are really that pretty sure on where you have
stored up your private key or seed phrase then i dont see the need for those kind of transfers which it isnt really that necessary as long  you are aware on where those PK's been stored
up because this would really be that your main priority.

Also, there's some possible risks that you could really be able to encounter when you are passing up those funds into new wallet.
Possible malware infection could lead to hack or you would accidentally be able to typo those wallet address and other stuff which it would
really be causing for your coins to be lost forever. So it would be better that you should really be that stay put and be idle
in regarding to this matter.

[joniboini]

If you are a whale then holding up your coins on a single wallet would really be that creating that kind of doubt or fear but if you are really that pretty sure on where you have -snip-

I can't really tell what you're trying to say here, I'd suggest you use something like Grammarly to check your grammar. If you're suggesting that a whale would be anxious if they only use one wallet, why would you think so? I never heard any whale that said they want to use multiple wallets (unless maybe multi-sig) to store their coins and move them regularly.

Also, there's some possible risks -snip-

Those basically apply to almost any transaction. While it increases significantly if you make transactions regularly, you can reduce it as long as you have good security practices as mentioned above.

[yazher]

This will go back to the holders if what fits them well because others are not really a fan of constantly changing their wallet in order to firmly secure it. Of course, others are experienced users who know the risk and they just want to cut the hacker's progress whenever they change their wallet yearly. Because they might have some reliable sources their wallet is prone to cyber-attacks because of the amount they are currently holding. There might be some hackers out there who are using brute force just to get their seeds throughout these years.

[libert19]

I'm of opinion that such rotations cause more harm than safety. Have hardware wallet, keep it's seed offline and you will be fine. (While hardware wallets are safest option around, they are prone to clipboard hijacking, so one needs to careful when sending funds).

[BenCodie]

If I'm not wrong, I believe the OP means moving from one wallet/address to another periodically.

If you can practice proper security measures, you will not need to move your bitcoins from one wallet to another regularly. Moving bitcoins from place to place can be as dangerous as the danger you are trying to avoid.

With any slight mistake while moving the bitcoins around, they can get lost by being sent to a wrong address etc.

That's pretty much what I instructed in the rest of my post that was not quoted:

It is less about the address itself, and more about the precautions taken through how the coins are being stored. For anyone holding a significant amount in the long term, it should be a no brainer to use cold storage as opposed to wallets that are connected to a server or have access to the internet. A paper private key/seed, pk/seed on an encrypted external device or hardware wallets are probably the first options that could serve to be safe enough.

The step before a safe wallet however, is a safe system. Windows vs. Linux, Linux. A new account or system that is not a daily driver, one that is known to be safe. Next. The network level. Knowing that the network is free from vulnerability is another, more complex precaution to take.

Checking these three boxes will limit vulnerabilities down to the end user. No mistakes, no loss. Quite a few community members and myself have been discussing and voting for the topic to be added to a separate board to help with improving security and privacy in the Meta board. I recommend those and others interested in the topic to check out the discussion here and if interested in voting, visiting the community vote here.

Rotating the wallet may improve privacy, or provide a level of protection in a world where bruteforcing actually becomes possible (not really a problem at the moment). Ultimately it is superseded by the precautions listed above.

The other kind of security is physical. Ensuring that the wallet can't be breached offline, or has offline risk, is also an important thing to consider.

To address the difference in what you've said, about there being a danger in transferring. There is only a danger if there is a vulnerability. There is no inherent danger with making a Bitcoin transfer. As long as you:
- Have confirmed you're sending to the correct address
- Are using a secure system and network to conduct your transactions
- Know generally what you're doing and where you're sending to
Then there really is no risk in making transactions.

[Ndabagi01]

If a whale investor has done well to DCA Bitcoins and have accumulated enough for a while now, and is trying to keep such enormous amount of Bitcoin safe from hackers or scammers, is one of the best ways not to just rotate the DCA holdings annually or periodically between safer wallets, to keep it safe?
Does such kind of rotation of holdings guarantee it's safe from hackers or scammers?

Moving from one wallet to another is a huge work to do, and if one of the wallet addresses is discovered, it can be linked back to one person who is only trying to circulate it within its wallets in cycles. When you have this much money to invest in bitcoin, you should have considered and addressed the issue of bitcoin security before proceeding with the investment. I believe whales' wallets should have the highest level of protection, and hackers will have a difficult time gaining access to such wallets in the future.

[Dunamisx]

If you wanted a safety means of having your bitcoin with the use of any kind of a reputable cold storage, the try as possible to maintain a good security practice along side as well, if you don't engage in anything that can give hackers route to attack you, they can't have access to you, but the way we do handle our wallet security isn't safe enough and this alone could be frustrating not to talk of when the hacker are targeting us.

[hugeblack]

DCA HODLing is an investment strategy and it is simple, as buying Bitcoin periodically reduces the impact of the time factor on the price and thus, in the long run, you will achieve profits. You can easily set up an air-gapped wallet, save the seeds and generate a new key for each transaction without the need to reveal your private keys or return them. Use the same address to purchase if you do not care about your privacy.

There is no relationship between investment strategies and how to secure your account.

[Z-tight]

I believe whales' wallets should have the highest level of protection, and hackers will have a difficult time gaining access to such wallets in the future.

Why do you believe so, i don't believe that you have to be a whale to secure your wallet, i am not a whale but i protect my BTC's well. The tools that you can use as extra layers of security is available to everyone. You can easily set up a multisig wallet in Electrum or extend your seed phrase with a passphrase. If you have an old laptop, you can easily convert it into an airgapped device, you must not have thousands of BTC's to do this.

[SquirrelJulietGarden]

Why do you believe so, i don't believe that you have to be a whale to secure your wallet, i am not a whale but i protect my BTC's well. The tools that you can use as extra layers of security is available to everyone. You can easily set up a multisig wallet in Electrum or extend your seed phrase with a passphrase. If you have an old laptop, you can easily convert it into an airgapped device, you must not have thousands of BTC's to do this.

Whales or not whales, if a wallet is not secured properly enough, it can be exploited and when exploitation, compromise happens, you will lose all bitcoins in that wallet.

No hacker will have sympathy to steal only part of your bitcoins in one wallet. If they successfully access to a victim's wallet, they will move all bitcoins in that wallet to their own wallet. To avoid risk to be detected by the victim, they will move all bitcoins with only one Bitcoin transaction and even will use very high transaction fee rate to get a quick first confirmation.

With Bitcoin blockchain, with one confirmation, your bitcoins will belong to the hacker.

[Ndabagi01]

I believe whales' wallets should have the highest level of protection, and hackers will have a difficult time gaining access to such wallets in the future.

Why do you believe so, i don't believe that you have to be a whale to secure your wallet, i am not a whale but i protect my BTC's well.

I'm not implying that; what I meant was that if an account had invested a substantial amount of money in bitcoin, they would have had very robust security in place for the wallet and would not be casual about anything that could affect the wallet. Some people are negligent with their personal finances when the amount in question is not large enough to attract attackers from stealing the money, and they keep the information of larger accounts more secure and out of reach of invaders.

[GreatArkansas]

(....)
If a whale investor has done well to DCA Bitcoins and have accumulated enough for a while now, and is trying to keep such enormous amount of Bitcoin safe from hackers or scammers, is one of the best ways not to just rotate the DCA holdings annually or periodically between safer wallets, to keep it safe?
Does such kind of rotation of holdings guarantee it's safe from hackers or scammers?

As most of the people above suggest, basic security is already enough for me, even if you are a whale or non-whale. Basic knowledge of not announcing to other people who have x amount of Bitcoin and staying lowkey is the first step for being safe at all even in hack or non-hack accidents.
Second is securing your private keys (offline is better), and using a personal wallet like a hardware wallet or is already enough for me.