Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
From memory I think it's a 4 day unstaking period on CB for SOL.
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Sheesh.. I swear it's a monthly recurring duty of my existence that some idiot somewhere on some timeline of mine will spout off "Quantum computing will destroy bitcoin by cracking it's encryption". Just had it happen again. I was about to start off with consensus, and how it's a ledger, and they'd have to literally hack a majority of the mining nodes to falsify a transaction, etc.. then I remembered.
"Look, IF quantum computing every gets where people think it could go ALL encryption we know today will be hopelessly insecure. You're going to have much bigger problems than BTC."
"Look, IF quantum computing every gets where people think it could go ALL encryption we know today will be hopelessly insecure. You're going to have much bigger problems than BTC."
Blazin
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Homework on cold wallets done, pretty sure I understand them now and will be getting set up. I have brokerage set up so hopefully can become official bitcoin hodler this week. Appreciate the advice given, I'll check back in when I lose all my money.
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Jysin
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You're copy trading me now.
Literally just set up a Fidelity Crypto account this week. Not sure I want to dabble in my own cold storage / Coinbase as of yet.
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Blazin
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Well I'm kind of an authority on this now, if you don't hold the coins they aren't yours.
I'd love to stick with fidelity since I have a relationship with them but not being able to transfer out and size of fees was a killer for now. They will probably improve over time.
I'd love to stick with fidelity since I have a relationship with them but not being able to transfer out and size of fees was a killer for now. They will probably improve over time.
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Jysin
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Agree on both of your points. I am literally just dabbling for now. Would love to just DCA some really small portion of portfolio.
My fears are we are going to get inflation wave #2 that would basically mimic the 70s. JPowell finally realizing he is this century's Arthur Burns.
Trying to diversify and hedge vs inflation.
My fears are we are going to get inflation wave #2 that would basically mimic the 70s. JPowell finally realizing he is this century's Arthur Burns.
Trying to diversify and hedge vs inflation.
Blazin
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I'm not doing anything major either just DCA small amounts weekly. I would accelerate if bitcoin enters a correction. For how much I hate the dollar it's a natural fit. My biggest hurdle years ago was concern about how aggressive the govt would be in fighting adoption. They have been far more crypto friendly than I anticipated, so was wrong and now adjusting.
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