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/biz/ - Business & Finance

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24092503 No.24092503 [Reply] [Original]

>NOT YOUR WALLET, NOT YOUR COINS

>> No.24092532
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24092532

>>24092503
> SOIJACK discovers the truth 10 years later.
This is bullish.

>> No.24092538

>>24092503
>>NOT YOUR WALLET, NOT YOUR COINS
yeah

>> No.24092573

I don’t get it

>> No.24092589
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24092589

>>24092503
>yes goy, buy our "custodial" btc even we only have a minimal fractional reserve
>oh no goy, you can't move them to your wallet now, looks at new terms and conditions

>> No.24092599
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24092599

>we are a community driven project

>> No.24092618

>>24092573
OP is a fag, nothing else to see

>> No.24092642

>>24092573
Plebs store the coins on exchanges.
The exchanges use this as liquidity and are not 100% capitalized either. This artificially suppresses the price of the coin.
Not to mention if any exchanges is hacked or exit scams you're screwed.

>> No.24092654
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24092654

>>24092503
>NOT YOUR COINS NOT YOUR WALLET

>> No.24092691

>>24092503
>Not your bank not your fiat

See where your logic falls apart boi of the soi?

>> No.24092709
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24092709

>WE'RE LEADING A FINANCIAL REVOLUTION

>> No.24092757

>>24092503
newfag

>> No.24092792
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24092792

>>24092503
not your coins, not your coins

>> No.24092989
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24092989

>>24092691
hmm you see that you kinda spilled the truth? must be.. uhm retarded faggalo

>> No.24093296

>>24092599
kek'd

>> No.24094350

>>24092503
I have my entire networth in BTC and it's all on the exchange. Anyone else here being equally stupid?

>> No.24094418

>>24092792
man, that's so deep

>> No.24094551

>>24092573
he wasnt here when exchanges rugged you, a newfag you could say, so nothing to see here move along

>> No.24094579

>>24092503
this is indeed the onions anthem

>> No.24094601

>>24094350
No, I'd never do that, I'm really smart
I have all my bitcoin saved on an old hp laptop I found on the roadside

>> No.24094661

>>24094601
I trust the exchange more than I trust my pirated Windows 10 I haven't updated in 3 years.

>> No.24094683
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24094683

>>24092503
What should I do if I am planning to hold BTC long term (10+ years)? What is the best way to keep it safe, aside from creating a paper wallet and committing the private key to memory?

>> No.24094721

>>24092642
>house burns down with wallet and seed in it
>second house gets keys robbed by tyrone since you're not staying there
you're more likely to get hacked yourself or just lose your bitcoins keeping them in a wallet than you are a regulated exchange in a western country hacking them.
>tfw keep coins split across multiple exchanges and a desktop wallet
Just don't keep them on a chink or shitskin exchange and you'll be fine

>> No.24094759

>>24092642
I feel like it’s more likely I lose my usb stick than Gemini gets hacked or the Winklebros exit scam me

>> No.24094775

>>24094350
No, because I already experienced an account freeze, and trust me, no fucking way I will trust an exchange ever again

>> No.24094784 [DELETED] 

>>24092573
its a paypal shill trying to be smart and funny but failing terribly

>> No.24094786

>>24094775
Which exchange?

>> No.24094812

>>24094661
>>24094721
>>24094759
you guys are fucking retarded, you really deserve to lose it all

>> No.24094845

>>24094683
>Aside from
Keep the paper wallet safe, by safe I mean really safe

>> No.24094852

>>24094786
cuckbase, I still have 3 BTC and 15 ETH trapped in there until retarded legal case is closed and some fiscal authorities tell them it's all right and all my transactions were legal
DO NOT TRUST EXCHANGES
DO NOT TRUST THIRD PARTIES
DO NOT FALL FOR KIKE TRICKS AND EXCHANGE SHILLS

>> No.24094855

>>24092503
>reppit thread

>> No.24094900
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24094900

once i have bought crypto what's the safest way to hold on to it?

>> No.24094952

>>24094852
I'm on Bitstamp, aside from them getting hacked once via social engineering, they have a pretty flawless record.

>> No.24094986

>>24094900
Hardware wallet. Or even a paper wallet if you're really hardcore. Keeping it on an exchange with 2FA is still more safe than using a desktop wallet where your key is stored in plain text.

>> No.24095015

>>24094852
Ok this is the first legitimate counter point I’ve seen

>> No.24095024

>>24092503
Yes

>> No.24095053

>>24094986
what do you use

>> No.24095110

>>24095053
I have a Trezor but I haven't even opened it. Keeping it all on the exchange because I am too cheap to pay the transaction fees. This is really fucking stupid, tho. Don't follow my lead.

>> No.24095163

>>24095110
how do i keep fees to a minimum?

>> No.24095206
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24095206

>>24095110
>Keeping it all on the exchange because I am too cheap to pay the transaction fees.
This

>> No.24095257

>>24095110
>This is really fucking stupid, tho. Don't follow my lead.
at least you realize being a complete retard

>> No.24095267
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24095267

>PAPER WALLET

>> No.24095440

>>24095163
Depends on the exchange. Also the fees depend on networtk congestion. So lets say you call the top of the next bubble and you want to move it back to the exchange. Yeah that's gonna cost you. No idea if exchanges support lightning.

>> No.24095601

>>24092642
>store the coins on exchanges
Only do this if you are an investor (more than 6 months hold). Traders that trade daily/weekly need to compromise by having their coins on the exchanges or you will lots of money on fees, plus you need the liquidity to move rapidly, fag.

>> No.24096391

>>24094661
get a hardware wallet nigga

>> No.24096429

>>24094721
both nip and leaf exchanges have been hacked b4

>> No.24097057

STOP SHITTING ON PAYPAL.
that walled garden is the most bullish thing I've seen in crypto. My mom will not be learning to use a wallet. My mom is a millionaire. Your ideological convictions are actively preventing me from making more money because you are scaring normies from buying bitcoin on walled exchanges.
Just stop. Breath. and Think for a minute. Walled gardens are the Layer 2 we wanted....but they are the Layer 2 we deserve.