/biz/ - Business & Finance

>I don't care.

>>53578845
It's an unsustainable bubble that will go to 33k Q1 before correction because it just has to okay?
If everyone shorts thinking it will go back down to 15-20k then CZ can molest all of them and push the price up to force them to buy his bags at 30k so he can buy even more again at 20k. With FTX gone he pretty much does control the BTC market as FTX is no longer stealing BTC deposits and he has the biggest exchange with 0% trading fee on BTC giving him almost monopoly on liquidating retards like me. I'm sure he's conspiring with Bitfinex and other exchanges to cause an upwards liquidation cascade that also induces FOMO on new people so they get a ridiculous amount of liquidity for their pump and dump scheme that we are merely on the ride for.

>>53422424
>I keep a swath of my funds on exchanges.
During KDA bullrun I temporarily had roughly 70% of my funds in my private keys and 30% on coinmetro, but kucoin kept disabling deposits and withdrawals and being super mega duper high IQ I divided it 33% private keys, 33% coinmetro, and 33% kucoin. If any of them failed I'd still have 2/3 of my stack, and a single one failing wouldn't be a life ruining disaster.
When I dumped my coins at various stages through the peak deposits were disabled, but I already had coins there to dump with max liquidity. I ended up losing a bit when I dumped on CM with lower liquidity during fear, but risk management and all.
>Losing your key to your private wallet is really scary, if you lose the key to your front door or your chastity lock there's recourse, but for crypto wallets there isn't any.
A little bit. If there's a fire in my home right now I'm kinda fucked unless I get a firesafe safe to protect either the wallet or the seed, but it's possible to use an airgapped device and encrypt your seed very heavily, and then rehost the encrypted seed on many many cloud services for redundancy. This way you can always decrypt it at a later time if your house burns down as long as you don't fuck up and lose all your passwords too.
I'm currently around 70% on private keys. Makes me feel safe, it's not impossible for kucoin or cm or any other exchange to get in trouble either through hacks, regulations, or whatever. If that happens I still have most of my shit and don't miss out on the entire bullrun.

I have to say I do enjoy having funds in my bank though, it's safer than exchanges (fiat only though (×∆×) ) extremely lazy and not your keys not your problem.

>>53422529
>>53422659
I try not to say this so often, but KYS. Thanks.