drama on crypto market, all coins down :(

[JohnnyDoe]

clemens said:
how can you do that if they are in your cold wallet?
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That's not something to be discussed in public

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[Houdini]

JohnnyDoe said:
That's not something to be discussed in public
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okay, thank you, I thought so. Then I do know how to do it.

 

[clemens]

If it is easy to resolve the issue it may be good to know how to do it for the future, I have made me a bookmark of this thread.

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[jorge]

JohnnyDoe said:
Nobody can freeze your btc, if in cold storage.

I can only see a perennial decline of the value of any fiat currency against anything else. I don't follow horoscopes, even those disguised under the shape of sophisticated charts.
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The fact that a cold wallet can't be frozen is amazing. What exactly is a cold wallet, if I may ask? I have a suspicion that it doesn't include wallets like Trezor or Ledger. What about Exodus?

 

[0xDEADBEEF]

jorge said:
The fact that a cold wallet can't be frozen is amazing. What exactly is a cold wallet, if I may ask? I have a suspicion that it doesn't include wallets like Trezor or Ledger. What about Exodus?
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A cold wallet is essentially any way to store your cryptocurrency offline. Hardware wallets like Trezor and Ledger are actually perfect examples of cold wallets. They keep your private keys offline and only connect to the internet when you need to make a transaction.

Exodus, on the other hand, is primarily a software wallet that's usually connected to the internet, making it a "hot wallet." However, Exodus can be used with hardware wallets for added security.

The main types of cold wallets are hardware wallets, paper wallets (where you print out your keys), and software wallets on completely offline (air gapped) computers.

The big advantage of cold wallets is that they're much harder to hack since they're not continuously connected to the internet. This is why they can't be easily touched, there's no online connection for anyone to interfere with.

Importantly, if you're using a cold wallet correctly, you're the sole custodian of your funds. This means you alone determine who gets access to your wallet and your crypto.

 

[WorldCitizen99]

intlman said:
Exactly. People would be best to just buy and hold BTC and forget about all the other garbage (ok ok, stable coins are useful, but everything else is rubbish).
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People who just want to do passive investing and profit...yes.
People who know what they are doing can make 1000x or more
Everything else is only rubbish if you don't study the space like it counts

 

[intlman]

WorldCitizen99 said:
People who just want to do passive investing and profit...yes.
People who know what they are doing can make 1000x or more
Everything else is only rubbish if you don't study the space like it counts
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Spoken like a true shitcoiner.

 

[WorldCitizen99]

I've done my share of wading in the poo¤%&&
But no other asset class can give you the upside crypto can. Maximum downside is just the cost. 😎