You are viewing a single comment's thread from:

RE: 4 Worst Methods to Store Cryptocurrency

in #bitcoin • 7 years ago

I like this comment - we're looking for solutions. Part of the cryptocurrency component that people like is the accessibility - not sure about how we can access easily without our phones?

7 years ago in #bitcoin by
$0.21
  • Past Payouts $0.21, 0.00 TRX
  • - Author $0.20, 0.00 TRX
  • - Curators $0.01, 0.00 TRX
3 votes
Reply 4
Sort:  
  • Trending
    • [-]
     7 years ago (edited)

    Well accesibility is a 2 sided sword, the more easily you can access your money, the same way a thief can also.

    I think people should separate their wealth into 2 , possibly 3 caterogories:

    • Longterm storage , where they keep most of their money (high security, like airgap)
    • Investments, where they keep a sizeable amount invested (medium security like a good online computer)
    • Spending, where they keep small amount for day to day spending (low security like phones, debit cards ,etc..)
    $0.19
    • Past Payouts $0.19, 0.00 TRX
    • - Author $0.19, 0.00 TRX
    • - Curators $0.00, 0.00 TRX
    2 votes
    Reply
    [-]
     7 years ago 

    I agree with that. Especially the long term storage - I wouldn't be upset if I lost $100 compared to having $100,000 drained - so that's a great point. It's amazing to see the growth in the crypto field - and with that growth there's always wolves lurking. :)

    $0.00
      Reply
      [-]
       7 years ago 

      Yes I mean having 50-300$ in a mobile wallet is no big deal, so if you go into a grocery shop you could probably use that to buy food and other stuff easily.

      But storing all your wealth there is madness.

      Coin Marketplace

      STEEM 0.17
      TRX 0.15
      JST 0.028
      BTC 56963.59
      ETH 2355.27
      USDT 1.00
      SBD 2.38