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Is anyone else starting to become a bit excited?

q85dw7osi4lebg

As per title, have we reached the bottom ?

Don't think we'll see the likes of $3200 ever again.

$5150 at time of posting.

Back in the mainstream media once more.

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q85dw7osi4lebg

$11,200...

You can get your keys engraved on metal, fireproof then.

stockshares

Addison Fancy Macrame wrote: »

$11,200...

You can get your keys engraved on metal, fireproof then.

That's correct, there's one called CryptoSteel.
www.cryptosteel.com

One thing I'm curious about is people using Crypto Cafes. Surely they are a target for thieves

Bob24

JJJJNR wrote: »

I thought I was paranoid.

It is more a matter if risk evaluation than paranoia.

Is the probability of your solicitor or a rogue employee accessing the words, their files getting raided, their files being destroyed, your will getting misplaced, or your will being opened in front of the wrong person lower than the probability of a reputable exchange losing coins and not being able to compensate its users for the theft?

I am not claiming I have the answer, but I don't think it is a straight forward issue.

Also, out of the people using a Ledger type of device on this thread, how many have genuinely thought about this and found a truly 100% safe way to store their seed words?

JJJJNR

There are documents worth the full market cap of crypto sitting in solicitors offices in the Cayman islands.

I think your ok.

q85dw7osi4lebg

Bank of Ireland only cover funds up to €100,000 in the event of something catastrophic happening.

I believe Coinbase are the same for US users (I think?)

Not here though.

q85dw7osi4lebg

Actually maybe that is for funds held in fiat now that I think about it.

Bob24

JJJJNR wrote: »

There are documents worth the full market cap of crypto sitting in solicitors offices in the Cayman islands.

I think your ok.

Documents which if anyone gets access to them, they could instantly and anonymously steal the corresponding amount? What kind documents are we taking about here?

JJJJNR

Bob24 wrote: »

Documents which if anyone gets access to them, they could instantly and anonymously steal the corresponding amount? What kind documents are we taking about here?

the legal profession is trusted with that amount so I would trust them in the case of keeping a few dollars of crypto safe. Whats your beef with solicitors..

JJJJNR

stockshares wrote: »

I agree with him, would you trust a solicitor with your crypto

Yes I would it's one of the most audited industries out there.

Thargor

Bob24 wrote: »

Documents which if anyone gets access to them, they could instantly and anonymously steal the corresponding amount? What kind documents are we taking about here?

Bearer bonds I think are pieces of paper like share certs representing huge quantities that can be stolen and resold anomalously? Some kind of bond like that features in a lot of heist stories anyway, usually featuring Jersey or the Cayman Islands aswell.

rapul

Ah whens it gonna fall back a bit, threw a few grand in last nite before bed while it was hovering below 10k dollars and now look, wanna throw in more but hmm!

Thargor

I cannot believe we are heading back this direction, I swore when it hit my BEP and went into the red Id dump everything (mostly ETH) if it ever got back in the black but now Im 100% up again and back to being greedy, whats the point in paper profits if you can never bring yourself to hit sell? I do this with shares ll the time aswell.

Dohnjoe

Eth just sailed past $300, what's more interesting is that Neo has taken off, up 25% in an hour, probably will fall back, but interesting to see if any alts start "popping"

Crazy market right now

Bob24

JJJJNR wrote: »

the legal profession is trusted with that amount so I would trust them in the case of keeping a few dollars of crypto safe. Whats your beef with solicitors..

No beef with solicitors, but they are no banks or secure storage professionals, and I don’t think any solicitor would claim or want to be one - it simply isn’t their line of business. If you were going to your solicitor asking them to store 100000 in cash for you they would likely politely decline and maybe offer to help you with finding someone else who does they for a fee.

When you say the legal profession is trusted with large amounts ... yes they are in terms of dealing with legal proceeding or holding documents which describe ownership for those amounts, but they will not provide direct physical protection for the assets (if protection is required they will likely pay someone else to do it).

makeorbrake

JJJJNR wrote: »

Yes I would it's one of the most audited industries out there.

I really hope that you're kidding

JJJJNR

ALTS just woke!

JJJJNR

Inflection points everywhere.....

JJJJNR

makeorbrake wrote: »

I really hope that you're kidding

Lads just send me your keys be grand.

makeorbrake

JJJJNR wrote: »

Lads just send me your keys be grand.

Keys keys or lambo keys.....?

q85dw7osi4lebg

Bought the dip

q85dw7osi4lebg

And happy to keeping buying the dips until we get to a new ATH, then that's me.

machiavellianme

Addison Fancy Macrame wrote: »

And happy to keeping buying the dips until we get to a new ATH, then that's me.

How do you know when it's ATH? Once it's 1c more than the previous?

sexmag

machiavellianme wrote: »

How do you know when it's ATH? Once it's 1c more than the previous?

It's all time high is more than its previous highest, how much more it goes after that is speculation but yes 1/c would technically be a new ATH

Nermal

The 24 word key can be split in such a way that it’s private but one still has some redundancy, look up Shamir’s secret sharing.

Or just memorise the words and hope no-one ever beats it out of you...

Dohnjoe

Thargor wrote: »

I cannot believe we are heading back this direction, I swore when it hit my BEP and went into the red Id dump everything (mostly ETH) if it ever got back in the black but now Im 100% up again and back to being greedy, whats the point in paper profits if you can never bring yourself to hit sell? I do this with shares ll the time aswell.

Sell in stages? people seem to be obsessed with selling it (or buying it) all in one shot

Personally I have a figure in my head, once it hits that, then I sell 5%. And so on.

paleoperson

Dohnjoe wrote: »

Sell in stages? people seem to be obsessed with selling it (or buying it) all in one shot

Personally I have a figure in my head, once it hits that, then I sell 5%. And so on.

Why? Like it's all completely arbitrary. There's no rhyme or reason to it.

JJJJNR

From the research I've done which is by no means flawless a distributed exchange is safe, unless someone can argue against that, it's what I'm sticking with.. you are the bank it's up to you to be risk aware. My own coin distribution is through a DEX and local ledger which was purchased direct from manufacturers to stake. I completely understand posters concerns about what if RIP happens.

I have thought about the RIP thing because I don't plan on selling any bitcoin at any stage even if it goes to dot zero, and the economy tanks, I still think bitcoin was the genisis for future generations.

I have told anyone who will listen to have a tenth of a bitcoin as a reserve.

Dohnjoe

paleoperson wrote: »

Why? Like it's all completely arbitrary. There's no rhyme or reason to it.

Imagine you bought BTC at $10, and you sold all at $100. There was a point when it never went below $100 again. You netted a nice profit, but future opportunity profits wise you got absolutely shafted

Selling in stages spreads that risk over a period of time of your choosing, over price ranges of your choosing.

Would also tack the rule - "never sell all" onto that

Thargor

Dohnjoe wrote: »

Imagine you bought BTC at $10, and you sold all at $100. There was a point when it never went below $100 again. You netted a nice profit, but future opportunity profits wise you got absolutely shafted

Selling in stages spreads that risk over a period of time of your choosing, over price ranges of your choosing.

Would also tack the rule - "never sell all" onto that

Well it would be great to be able to predict 10-baggers like that and/or predict those 10 baggers will go on to become 100 or 1000 baggers in the future but real life doesnt work like that. In my case its wrestling with seizing a 5 figure sum that pushes me over the line into becoming a homeowner with tenants in my early 30s when most of my peers dont have a pot to piss on vs the possibility of future gains, a bird in the hand etc...

makeorbrake

Dohnjoe wrote: »

Personally I have a figure in my head, once it hits that, then I sell 5%. And so on.

So go on then, what's the figure that will trigger the 5%?