WeinkeToWarrick

Let me be clear. You don’t have shit. Not your keys not your coins

Your primary reasons as stated here is that you want to be first to the exit in the event of a price implosion and because you don’t trust yourself to not lose something. Might as well turn yourself in as a ward of the state if you’d rather someone else manage your existence. What you’re doing now is just paying for a false sense of security on what you “own”.

I don’t recommend shitcoins. Bitcoin is what you want and need. The Luna situation taught lot of people that the hard way but it’s gonna take more hard lessons for others to realize it

I’m partially kidding i know you’ve been in this forever and endured the bloody days. but if you don’t hold your keys, then yes, you don’t understand bitcoin.

Bitcoin is all you should be buying, but “purchasing” it on PayPal isn’t buying it. It’s giving PayPal authority to issue you an IOU that can be taken away if they or the government decides you don’t deserve payment on that IOU. If you don’t mind a lack of web browser, voyager is super easy: https://voyager.onelink.me/WNly/referral?af_sub5=882411 Once you’ve setup an account and made a purchase on an actual exchange, you send to your cold storage wallet. I recommend a ledger: https://www.ledger.com from there, very easy to follow the instructions and set things up to transfer into your own possession. And ledger has a ledger live app that allows you to view your balance and take a few actions straight from your phone understanding and implementing feels scary at first and altogether might take 30-60 minutes of time plus the wait for your funds to arrive, but it’s worth it. Your crypto balance on PayPal is nothing, a mirage.

If it’s on an exchange, it isn’t yours. It just isn’t. That’s what you need to recognize and then you’ll probably very quickly realize that there are plenty of ways and suggestions for how to store your cold wallet/keys. Transferring from a ledger back to an exchange doesn’t take long, but that said, if you’re the type to panic sell you haven’t come around yet to understanding and valuing bitcoin yet anyway.

If one person thinks their single coin being withdrawn wouldn’t make a difference, they’re right. but like Joey said, what if that is the prevailing mindset amongst another 200k people. if the supply were truly illiquid to major players and exchanges because the coins were literally being held in other people’s wallets, the price would climb exponentially as FTX/Coinbase/Binance, and all the others would be forced to replenish reserves at higher buy prices or face insolvency.

Ya it’s not about faith in the exchange. It’s what Joey said, they are all operating a fractional reserve. If there were ever a run on the bank, really good chance an exchange wouldn’t actually have the bitcoin available that people think they have. They’d begin issuing IOU’s or just rejecting withdraws, and at that point what’s the difference between bitcoin and the dollar. for being a veteran of the space, you really should take the time to better understand not just the philosophical and financial need for bitcoin, but the importance of holding your own keys as it relates to that ideology.

And ya I’m down 5 digits overall, but in 5 years I’m pretty confident I won’t be

Not your keys not your coins If you don’t hold the private keys you don’t understand bitcoin. And it’s not actually yours. IAG, get some ledgers and do it the right way. Keeping your balance on exchanges is keeping the price suppressed

I’m not doing much better than Brock though. Fuck this market.

I still remember the day Shrink died. I thought it was a fed crackdown and I was gonna get a dude in black sunglasses asking me about my betting habits. And/or a PI asking if I’d ever told him to fuck himself.

I actually enjoyed Mammon. I know I’m in the minority and didn’t suffer any stiff job but he was entertaining

Brutal

Holy shit you get dumber!?

I’ve lost 1/3rd of my portfolio value in the last 4 months. Never had rivian but BETZ was one of my biggest holdings so ya. stocks are going nowhere but down with this economy. Buy bitcoin…

Can we just ban bigrunner for being a fucking psycho moron?

Let’s start a go fund me to send bigrunner to Ukraine, holy fuck what a psycho

If Ukraine can hold off these Russian fucks another 5 days then Putin is fucked and will have to negotiate. but my concern is he’s got a terminal illness and says fuck it, or this is all just a distraction for the precursor to something much bigger from china

Unhinged

Putin is a psycho that needs to die. saying to kill American republicans over this? you’re a fucking psycho and should get banned from the internet cause you can’t handle it

What a fucking disaster. Fuck Putin’s dumbass

Fuck biden and fuck Putin and fuck trump and fuck all of this shit. It’s 2022, why the fuck is war a thing

Rovell is the biggest tool bag of them all. I hate that fucking guy

I think todays rally was fools gold. It’s gonna tank rest or the week. I won’t sell anything but don’t feel good about anything either.