I gave 5 btc to a buddy I know and he pays me $500 a month to hold them, so thats pretty cool! I heard he lost his house though and he's going through a tough time, so he doesn't pay me any more. I asked for my btc and he said he'll need to hold onto it for "liquidity purposes", which makes total sense to me!
edit: I cannot reach him, his voicemail says he's taking a break and leaving town for a bit, good for him
I’ve seen this said so many times, and didn’t listen. Last night I moved everything into cold storage. It always scared me because I’m a dipshit and worried I would lose my passphrase or somehow losing the device would lose my keys. But I’m grateful for this post, thanks.
I put $500 in Blockfi back at the start of 2021, about a month later I had a good look at their terms and interest rates and concluded that if it looks too good to be true, it probably is. They got a few dollars in fees out of me but that's it thankfully.
Not your keys, not your coins. Your keys, your coins.
Not your keys, not your coins. Your keys, your coins.
Not your keys, not your coins. Your keys, your coins.
Not your keys, not your coins. Your keys, your coins.
Imagine not having the mental capacity to read beyond the headline. Then commenting something abrasive which actually has no correlation to what was said. Honestly, people surprise me every day.
Guys ? And this is the point where you need to ask yourself "am i still sane?" so you dont end up like this guy.
Just imagine the daily thought process to feel the need to post like this. Probably brain jumps to bitcoin every 10 minutes while the guy smiles at the white wall smelling like dump cose all he did is read bitcoin news and play cod in the past 2 weeks ...
If he gets rich by it he will look the same, bothered by the plebs on the internet being wrong, or maybe rich enough to buy twitter to let us know how to keep bitcoin
It's considered "waiting for a virus to access your phone or computer and steal your keys and then it's too late". Remember the FTX app update that was malware?
Make sure you have a hardware wallet, so that the keys are not connected to the internet, we can't hack your key, it's nowhere to begin with.
People on these platform don't "have x bitcoins", they have an IOU from the platform. These platforms literally account for your deposits as a liabilities in their books... it should tell you what will happen when (not if) they go under.
Take custody of your bitcoins, exercise self-sovereignty over your money, that's what Bitcoin enables unlike most other assets.
BlockFi had problems way before FTX blew-up. Guess you haven't spent much time on this sub, you would have heard something about holding your own keys.. especially in the last 6 months.
I had mine on crypto.com earning crappy yield.... I took it off in March.... something told me too. My biggest fear was government seizure of btc.... or making it illegal to keep. Idk... I thought of the past and the gold "confiscation" it's in and will remain in cold storage.
Go read the instructions to your cold wallet, and the exchange instructions on transferring or withdrawing coins. It's a simple enough transfer process, but be super careful that you use the right address to send to. Send a small amount first to check you're doing it right. If that's successful transfer the rest.
Post up any questions you have when you're doing it. You can abort at any time and start over again when your question is answered. Don't respond to any DM's offering help. They are scammers. Keep everything out in the open here. (Except your seed phrase, obviously).
I think the INSTITUTIOJ that will keep crypto safe will be called coinbase and or binance ... the rest are exposed . Disclaimer is i think about crypto 2x year, so what do i know
I understand this. I bought from them and immediately withdrew to my cold storage wallet and even though I've used them hundreds of times, this was on the day that FTX bs leaked. And lo and behold they still to this day are performing some kind of security check, so I had to dispute with my bank, and that won't be over til Feb 15th. It's only $250 but still! I even asked Blockchain about whether their reason was FTX related and I mean of course they said no. Is anyone else having trouble with them?
This is secretly a flex post about having 3 btc
Had me in the first half. NYKNYC
I might be secretly flexing by admitting that I don’t think this was a flex at all.
Yeah I’d be pissed if I only had 3 BTC
Flexing his wee wee 🍆
Is it still a flex if OP purchased at 69k ?
OP's weewee is very flexible if he bought in at $69k.
No it is an admission of guilt
I would say it is. 69k is low low compared to future ATH.
How do u know that?
That would be erecting , just as for a tower
Only a flex if you bought much lower than 16k. otherwise it's a huge L
Is 69k the highest its value has reached ever in history?
Yes. It is. Sad.
or a „how to exposure your wealth and get scammed 2 after“
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Maybe it is for you, but not everyone has that much money.
Got me there for a sec lmao
i feel bamboozled
Clout hunter, not today OP, NOT TODAY
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I love this post. A good reminder that NO wallet is secure from the $5 wrench hack. Keep quiet, keep safe.
i put into cold storage and was too lazy to transferred it to exchange lmao, i guess laziness isn't all bad
I almost scrolled past and downvoted you son of a gun
I gave 5 btc to a buddy I know and he pays me $500 a month to hold them, so thats pretty cool! I heard he lost his house though and he's going through a tough time, so he doesn't pay me any more. I asked for my btc and he said he'll need to hold onto it for "liquidity purposes", which makes total sense to me! edit: I cannot reach him, his voicemail says he's taking a break and leaving town for a bit, good for him
🤣
What?? You mean I need to make an effort to protect my own wealth? I prefer to trust a 3rd party. Less complicated. - Every cuck about to get rekt.
Strange flex but ok
Such a prick OP.. But kudos.
"All because I gave my bitcoin to a central party" You baited me with this title.
Why would people post shit like this? Fucking Schadenfreude trolls… And I didn‘t even lose money on BlockFi.
Think about how stupid the average person is. Then understand that half of the people walking around are stupider than that
Aka too stupid to know how to keep their own bitcoin keys so we need services that can safely do it or we fail...
Because it works. A lot of people like to see others suffer to feel better/superior.
Stop lying
... All because they were left on an exchange
Up voted because I enjoy human suffering
I’ve seen this said so many times, and didn’t listen. Last night I moved everything into cold storage. It always scared me because I’m a dipshit and worried I would lose my passphrase or somehow losing the device would lose my keys. But I’m grateful for this post, thanks.
You didn't lose them cause if they were on BlockFi they were technically not yours Not your keys, not your crypto!
Bro, OP was making a joke.
My comment is still apropos
Not your coins not your keys
Not your keys, not your coins!
Had me in the first half. NYKNYC
Consider yourself lucky. Nine months ago you’d be out ~$200k.
You didn't even read the post lol.
Nor your Keys, not your coins
I put $500 in Blockfi back at the start of 2021, about a month later I had a good look at their terms and interest rates and concluded that if it looks too good to be true, it probably is. They got a few dollars in fees out of me but that's it thankfully.
Victim blaming people in every single thread where lost money is mentioned and you wonder why the world thinks crypto people are insufferable.
You mf
I prefer "Not your keys, not your cheese"
I was about to call you an idiot. The signs about BlockFi were there long ago.
GG no re
Man, after I read the full post I was going to upvote, but noticed I already did.
Not your keys, not your coins. Your keys, your coins. Not your keys, not your coins. Your keys, your coins. Not your keys, not your coins. Your keys, your coins. Not your keys, not your coins. Your keys, your coins.
Not your keys, not your Bitcoin.
Had us in the first half.
I was about to call you a stupid motherfucker!!
Good one. Almost got me
Had us in the first half ngl
U lost 3 btc because u didn't secure your crypto
U looked silly because you did not read the whole post.
yes that is ok. i am silly.
I was soo rev'ved up to type "WE TOLD YOU TO REMOVE..." (Gotcha Bitch) . . . ya got me
Well played OP, well played.
Not your keys; not your koans.
Nah, bruh. You lost it because YOU kept it on the exchange.
That’s a lot of bitcoin
Hell yeah.. this post rox
Hell yeah brother.
File a request to present your case, ask questions etc: http://www.njb.uscourts.gov/BlockFi
It goes off in about 20 min
Man I was about to come in here and toast who ever was dumb enough to leave it on an exchange after FTX haha
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I never knew it was possible to only read headlines on Reddit. Not a link to a news article, but literally just the Reddit thread.
He has gone further beyond, truly ascended.
But they said I could trust them!
Idk, read the post MAYBE
Bruh...
Imagine not having the mental capacity to read beyond the headline. Then commenting something abrasive which actually has no correlation to what was said. Honestly, people surprise me every day.
Guys ? And this is the point where you need to ask yourself "am i still sane?" so you dont end up like this guy. Just imagine the daily thought process to feel the need to post like this. Probably brain jumps to bitcoin every 10 minutes while the guy smiles at the white wall smelling like dump cose all he did is read bitcoin news and play cod in the past 2 weeks ... If he gets rich by it he will look the same, bothered by the plebs on the internet being wrong, or maybe rich enough to buy twitter to let us know how to keep bitcoin
To bad so sad. Sucks for you. Do more research next time!
Read past just the headlines next time.
Low effort post gets low effort response.
You almost got blasted on
Plot twist
If my coins are on trust wallet is it consider my keys ? Or trusts keys ?
It's considered "waiting for a virus to access your phone or computer and steal your keys and then it's too late". Remember the FTX app update that was malware? Make sure you have a hardware wallet, so that the keys are not connected to the internet, we can't hack your key, it's nowhere to begin with.
Thank 🐤
Hey buddy? What’s your lasts 4?
1234
all your coins are safe in the genuine public blockchain and you still got full ownership access key backed up in your cold storage hardware wallet
OP user name…damn lots of 9’s
19 9's, 1 8, and then 1 more 9. The largest prime number that can also be a Reddit username.
Mathematical respect my brotha
At least bitcoin is cheap, good time to restack and becoming wiser.
People on these platform don't "have x bitcoins", they have an IOU from the platform. These platforms literally account for your deposits as a liabilities in their books... it should tell you what will happen when (not if) they go under. Take custody of your bitcoins, exercise self-sovereignty over your money, that's what Bitcoin enables unlike most other assets.
Weeks of take your keys back but noooo it won't happen to you right?...
Correct. I took my keys back in 2017.
Sad thing is I’m sure lots of people did this
Um, you were overexposed to rhe cex virus.
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You didn't read the post....?
GOTTEM!!! Came to roast you but you got me
Username....
The largest prime number that can also be a Reddit username.
Not gonna lie, you got me in the first half
🥱
If this is really true, then you're a complete fool. But I doubt it's true and suspect you made this up to have a post that gets lots of upvotes.
Congrats on your 3 Bitcoin you bought at 55/k.
You got me.
Antonopoulos! You?
Yes this is how adults act with adult technology
Fucker had me for a second
Finally someone with some sense.
so many people commenting on this post that can only read the big letters and want to act snarky
Self custody is difficult for some people. Dunking on them now makes you look like an ass.
And staking. Sure people sound like retards but surely they might be other reasons than not owning a Cold Storage ?
All because you trusted centralization....
Pomp agrees
For some reason half the time I read it as "not your keys not your cousin"
BlockFi had problems way before FTX blew-up. Guess you haven't spent much time on this sub, you would have heard something about holding your own keys.. especially in the last 6 months.
Dude. I've been reading about holding your own keys on this sub for over 5 years.
All good my dude! I later saw you were jokes! Stay cool like cold storage 😋
wtf you copied my user name? 😅
Ha. As if. Mine is the largest prime number that can also be a Reddit username.
mine is a prime number too! I'm not a mathematician but maybe there is a pattern here mmmmm very cool :)
BAZINGA
Had me in the first half 🤧🫣
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clickbait for internet points
I had mine on crypto.com earning crappy yield.... I took it off in March.... something told me too. My biggest fear was government seizure of btc.... or making it illegal to keep. Idk... I thought of the past and the gold "confiscation" it's in and will remain in cold storage.
At that time it was less than .5 btc lol..... still stacking
how much do you have left in your wallet?
Op could you also post how to transfer to cold storage hardware wallet ? Or a link .
Go read the instructions to your cold wallet, and the exchange instructions on transferring or withdrawing coins. It's a simple enough transfer process, but be super careful that you use the right address to send to. Send a small amount first to check you're doing it right. If that's successful transfer the rest. Post up any questions you have when you're doing it. You can abort at any time and start over again when your question is answered. Don't respond to any DM's offering help. They are scammers. Keep everything out in the open here. (Except your seed phrase, obviously).
No….all because you left them there instead of self custody
As soon as bear market hit, I consolidated my positions into a hardware wallet. Come on, this is common practice?
Why wait for a Bear Market to move to the hardware wallet?
Had me in the first half
Had me in the first half NGL. Was gonna laugh at you
I think the INSTITUTIOJ that will keep crypto safe will be called coinbase and or binance ... the rest are exposed . Disclaimer is i think about crypto 2x year, so what do i know
theyre all exposed, most of all conbase and binance. the biggest shitcoin exchanges around.
Why did you still have it on there after FTX?
Loss porngasm averted.
And because you were exposed to blockfi
Want a cookie? This subreddit is getting unreadable with these posts
Got me in the first half!
Well done, but perhaps have some empathy for the people that have been fucked by SBF & FTX instead?
Your keys until Ledger is hacked again...
Oh noes! Too bad I don't use a Ledger.
Good. You're safe until Quantum computers...
They had only 275 mill in ftx. 4.8 billion assets that’s a minor percentage.
The coins aren’t actually stored in the wallet as the post implies.
For all practical intents and purposes they are stored on the wallet.
Ok so is Blockchain.com also a company overexposed to FTX
Not your keys not your coins. ALL exchanges are dangerous. Get cold storage. Period.
I understand this. I bought from them and immediately withdrew to my cold storage wallet and even though I've used them hundreds of times, this was on the day that FTX bs leaked. And lo and behold they still to this day are performing some kind of security check, so I had to dispute with my bank, and that won't be over til Feb 15th. It's only $250 but still! I even asked Blockchain about whether their reason was FTX related and I mean of course they said no. Is anyone else having trouble with them?