/biz/ - Business & Finance

>>52878722
I was in the Twitter space session. Was hoping one of the plebs would ask about the money laundering accusations but they were too many low IQ Africans asking the most irrelevant shit.

Its panicking lol

Well, obviously not! Nothing is "risk free".
But holding your own stuff is the one with lowest risk.
Would any reasonable person really suggest website storage is safer?

>>52878749
>too many low IQ Africans
Story of the world.

Cryptofags crying

Top kek

Can anyone explain the specific reasoning here?

I DOWNLOADED MY COINS TO A PAPER WALLET AND MY DOG ATE MY COINS HOW DO I GET THEM OUT OF DOG???

Have y'all noticed that there is no fud surrounding bybit whatsoever? hehehe yeh boy

>>52879703
hes not wrong, most people are tech illiterate as fuck. alot of normies click on scam link and random links for work and get their shit lifted.

>>52878722
For as long as niggers be sharing they seed phrase n shiieeeeeet - CZ's actually right

>>52879703
>Can anyone explain the specific reasoning here?
my friend lost his bitcoins when the hard drive died

>>52878722
A few weeks ago I moved $3800 from Coinbase to my new Ledger - it was terrifying even with small test transactions and double checking everything twice.. But 99% losing money is ridiculous.

STOOOOP REDEEEMING BENCHODS AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>52878722
Eh, he's said the same thing in previous AMAs when asked about self custody, so nothing to do with timing on his part. It's the media that's sus, again.

And yeah that number is probably not too far from the truth.

>>52879892
Try moving 300k kek
>sweatyhands.avi

>>52880520
i used to be scared but now i move 5 figs here and there on a daily basis when reshufling my money in defi protocols

>>52878722
>during a twitter spaces

>>52879776
^ this

This chink is no different from the kikes.

>>52880723
the chinks are ultra capitalists from a communist country
the kikes are ultra socialists from a capitalist country
they're both awful but the chinks less so. the chinks will fuck you over if they can personally benefit. the kikes will fuck you over just on principle no profit required.

deli jews excluded, i don't believe in hating all jews or even all chinks. im just talking in general terms about the richest and most powerful of them. frankly nobody rich or powerful can be trusted. but the nepotism of the jews means jews are usually blamed and to some extent thats actually fair

>You too dumb to keep own crypto
>Give to me I keep safe tee hee

Get your shit off exchanges you colossal retards

>>52880798
cope

I'm holding in metamask but I doubt that's very safe either

>>52880520
https://www.pymnts.com/cryptocurrency/2022/cut-and-paste-error-destroys-36m-in-crypto-eroding-trust-in-blockchain/

>>52879703
Self custody is actually difficult, people save seed phrases to their computer which they lose or get hacked, if they write seed phrases down they lose them. More often people just make a wallet and don't save the seed phrase at all and lose it all when they lose their phone or their computer crashes.

It's probably the biggest reason crypto isn't the future of finance. People just can't handle self custody.

>>52879892
This.

Last week I moved 800 bucks to ledger and my exchange kept saying "transaction pending transaction pending"

There was probably a 5 min delay before the BTC showed up in ledger. Those were 5 long minutes

>>52880996
>people who are not low iq subhumans get rewarded
finally

>>52878769
he is panicking, i agree.
he doesn't have the crypto or the dollars enough to cover even a 25% drawdown.

>>52880996
>It's probably the biggest reason crypto isn't the future of finance.
I dont give a fuck about finance, everytime someone loses their bitcoins, mine are worth more.

>>52881147
blocktime is 10 minutes you retard ofcourse it wont show up instant it needs at least 1 confirmation

>>52878722
nice try cz
but not my problem

>>52879703
99% of the people dumb enough to join a twitter space unironically cannot be trusted with self-custody
these are people who forget their passwords and click on every phishing scam

>>52878722
>I'll leave them in my Railway wallet
Thanks for the advice

>>52880885
I can easily determine your wallet balance just by getting your wallet address. That's another safety concern you should have in mind.

>>52882541
Well, identity protocols have made self-custody less complicated by making it possible to have it done using simple and everyday logins.

>>52880996
You have made brilliant points.
>People just can't handle self-custody.
False. People can. Although, it's not very easy and most people get lost in the process

>>52880885
Find a way to secure your keys. That's the most important thing besides hodling shitcoins

>>52878722
Im comfortable with my crypto on my nano ledger. I cut a square in my drywall and hid it safely in the wall. Re added drywall back over it. Now no one knows its there cept you guys. If there is an emergency. Ill punch the drywall out and get my nano ledger back out.

>>52881231
thats not how it works. they lose the ability to utilize it but your btc doesnt increase in value
>>52880996
only intelligent post in this thread

>>52879725
Hire a Canadian.

>>52878722
He is 100% correct.
Having helped a couple normies get into crypto in the last couple years I have come to the conclusion they simply aren't capable of doing self-custody.
We need some new service for them to hold most of their crypto in a way that its insured.

>>52879703
I know a normalnigger who downloaded a Windows program (I don't remember which one) from some site because he didn't want to pay for it and got his metamask cleaned out.
you don't even need your seed phrase stolen of you keep your coins on your daily use machine

>>52882249

>>52878722
Well he's right, its not risk free, wheres the lie?

Just like how metamask has been stealing funds and info from people they deem problematic, or how you can lose or destroy your own hardware wallet, or get rugged by central exchanges like FTX.
Wheres was he wrong again?

>>52880996
Same way people lose safe combinations ngl

That's why nobody uses safes anymore. Too risky

>>52878722
thats true most people are retarded
>during a twitter spaces