Will you do YOUR PART to help Bitcoin on 1/3/19 ?
The "Proof of Keys" Movement is real....and it's real important! Please mark your calendars for January 3,2019 and help do your part to force these insolvent exchanges get exposed for trading Bitcoin and Crypto derivatives. He do have a chance for fair financial freedom but, YOU MUST DO YOUR PART if you ever want to be free from bankers and manipulators. They need to know that this solvency check is possible at ANY TIME we say it is.
▶️ DTube
▶️ IPFS
People with small amount of bitcoin (minnows) find exchanges a better place to store their bitcoin because they don't have enough funds to buy a hardware wallet where you have access to your private keys. And I guess a big % of total btc is with minnows. I have all my crypto on exchanges as well.
Keeping your coins on exchanges is THE worst option from all available variations. You better reconcider this before it is too late.
Is there a wallet where I get my keys and store crypto without any charge?
If you only agree to spend $0.00, probably the only option would be paper wallet. Otherwise find an old used smartphone ($20 -$30 or so), reset it, clean up as much it as you can, (format, reflash) install Electrum, or Mycelium or any other reputable wallet, move your coins here, and(important) .... Do NOT use it for any other purposes at all. This will be your personal "cold" wallet. Plus, have your HD wallet's seed words securely stored apart from this phone.
This way you will have your own "home made" hardware wallet, almost as good (secure) as Ledger NANO or TREZOR, for only a fraction of their price.
And way way MORE secure than any centralized exchange ! Any.
"Security for free" is just not existing thing in this world.
And Big security usually is available for BIG money.
I do have a spare phone and I think I can use that to store my coins. I might not have much but who knows, those $700 might become $700,000 someday.
Thank you for the detailed information. Appreciated!.
700 >>700000 ? 1000x?
Seems your mind is tuned well ! :)
I don't want to say that $3M per coin is not possible at all. I just maybe a bit to old to see it myself.
Lol.
I added an extra "0" there by mistake.
I meant 100x and that looks possible maybe in next 5-6 years.
Bought my first hardware wallet (Ledger) last black friday. You don't need a hardware wallet. Memory sticks in safety deposit boxes worked for me for years. 😎
Just make sure wallet.dat is in a couple of safe places.
Can you tell me more about these safety deposit box is?
Banks rent them.
https://en.m.wikipedia.org/wiki/Safe_deposit_box
You haven’t been robbed yet by an exchange.......you’ll be sorry.
Most people need to experience the loss for themselves before they’ll get it. What’s crazy is how much easier it is than a couple years ago to store your crypto. Didn’t have many options or educational info to even understand it a couple years ago. Just hope people actually do it and let’s see these exchanges tested! We need to know if any are on the up and up. January 3rd “proof of keys”
Posted using Partiko iOS
I get your point but TBH I only have .2 btc which comprises of different crypto assests and I do a bit of swapping between the coins every now and then. Do you still suggest to move them to a wallet where I have my own keys?
For 0.2 BTC maybe not much reason to go to hardware wallet. Just move them to a wallet on your phone. (Unless you absolutely need trading.) By doing this you still will eliminate the big risks coming from online exchanges.
All my considerations above were with savings of 5-20 BTC (or more) in mind
Exactly !
You were one of the top steem power ups on a list i saw the other day ,i was like i follow that guy! Thanks for still believing in blockchain in these dark days
I been buying like crazy. This chain is perfectly fine....just stack coins.
Nice heads up and reminder.
Dtube is screwing me over... I can't watch the vid... Will try again later!
Try this please.
Log out of your DTube account. Then clear your cookies on your Chrome browser then log back in with your Posting private key.
Hope it'll fix it for you.
If not please let me know.
Okay @nathanmars, thanks for the advice. Will try it out now. Cheers
we have to do it lets see what happens
Well, I have eyes on the end of this December :/
Posted using Partiko Android
Excellent post by @broncnutz. Buying bitcoin and keeping in a steemit platform convert in steem coin, how it will be ? and i agree 100 % with you, you are right @broncnutz, bitcoin is a digital gold and and it will not take much time to become diamond. this is the time to buy what you have to buy.
https://steemit.com/health/@broncnutz/black-friday-sale-on-this-bomb-honey-comb
https://steemit.com/sports/@broncnutz/broncos-win-our-defense-was-gangster
https://steemit.com/sports/@broncnutz/broncos-vs-chargers-live-chat
Interesting rank. Looks like we might all learn some new lessons in a couple of weeks!
I will try, I can't say yes...
Bitcoin is obsolete before it's even ubiquitous. The blockchain community should focus on the many superior technologies available.
Bitcoin is digital gold and it’s built perfect to be so. Bitcoin will not die.