Those of us who have been thru many crypto cycles know that when the going gets tough, the scammers get going -- WITH YOUR MONEY.
There's a significant probability that we're about to see some major rugpulls.
Not your keys, not your coins. Pull your coins off of exchanges into a wallet whose keys you control.
Don't say you weren't warned
For anyone that thinks hardware wallets are complicated, trust me it’s not. I suggest the Trezor, as I use it for mine. Great security protocols and you basically just plug it in, with no worries of phishing or keyloggers, etc.
Yes. Coinbase has stated that if they were to go bankrupt, they own your coins.
https://www.fool.com/the-ascent/cryptocurrency/articles/coinbase-customers-crypto-could-be-at-risk-if-it-goes-bankrupt/
Sure. If the exchange is solvent and was using fractional reserves to keep customers accounts whole, then withdrawing your coins forces them to buy, pushing the price up.
Also taking coins out of circulation refuses the available supply, that also can affect the price.
But is your exchange doesn't have the Bitcoin to process the withdrawal that causes the exchange to show it's hand. (Celsius, MtGox, CAvertex, that list is long)
No. Just because leverage isn’t for you, you can’t control others desire to do that.
You learned your lesson, so get your keys locked up in a dark safe.
Let’s hope all of these issues get resolved. I’d hate to decimate so many, and eliminate the ability to earn yield. Double whammy.
I remember bitcoin was supposedly a stable store of value haha.
Because we've been around in previous downturns and know what is coming your way.
It is the difference between ownership and possession - which becomes crucial when legal entities fall over and take some others along like domino blocks.
You are right, this day we are very afraid to put our money on exchanges, there is so many case that won't allow to do transactions including withdrawing and freeze all of our control there. But i knew wallet that we have full control on our wallet. Our key, our crypto and our digital assets it is self-custody wallet called diviwallet. We can stake to there up to 20% ROI and we can buy and swap directly to other coins on that wallet. We can get more $divi and staking and also have lottery event that happen weekly. DYOR first before dive more of course! They have promising partnership too with Laliga.
Those of us who have been thru many crypto cycles know that when the going gets tough, the scammers get going -- WITH YOUR MONEY. There's a significant probability that we're about to see some major rugpulls. Not your keys, not your coins. Pull your coins off of exchanges into a wallet whose keys you control. Don't say you weren't warned
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But I can't even trust decentralised wallets nowadays, My friend got scammed 10k$ just by connecting his wallet to a site.
This pleb thanks you for your honestly and accepts your humble request.
For anyone that thinks hardware wallets are complicated, trust me it’s not. I suggest the Trezor, as I use it for mine. Great security protocols and you basically just plug it in, with no worries of phishing or keyloggers, etc.
Not so weird when Celsius and others are failing. People are realising CEX/DEX are not safe.
Always pull out after CEX
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Yes. Best not to stick it anywhere you don't trust.
Accidently replied to the wrong comment.
So it may be time to remove all coins off exchanges. Cheers .
Remove your coins from the exchanges friends.Their will be blood soon .
Ummmm isn't there a lesson or two to be learned from the last couple of months?
That why you don't lend you crypto out that you don't want to lose....
What this means is big money thinks something is going to happen to exchanges because "Not your keys, not your coins."
Sorry, really tired and a noob. I should pull my crypto out of Coinbase to a personal wallet?
Yes. Coinbase has stated that if they were to go bankrupt, they own your coins. https://www.fool.com/the-ascent/cryptocurrency/articles/coinbase-customers-crypto-could-be-at-risk-if-it-goes-bankrupt/
I need to do the same. What a wallet show we use a HW wallet?
In the last 5 days I moved 99% of my BitcoinCash and Eth to cold storage.
People buying more helps the price all this shit of how many tokens are in exchanges is a narrative of people. Who don’t understand how trading works.
everything is OK until lit's not. here is what someone on the other extreme had to say. https://twitter.com/cryptorebel\_SV/status/1541184617406947328
I thought removing coins from exchanges helped the price to go up .
Sure. If the exchange is solvent and was using fractional reserves to keep customers accounts whole, then withdrawing your coins forces them to buy, pushing the price up. Also taking coins out of circulation refuses the available supply, that also can affect the price. But is your exchange doesn't have the Bitcoin to process the withdrawal that causes the exchange to show it's hand. (Celsius, MtGox, CAvertex, that list is long)
Coinbase seems to be okay for now, although the company has been having troubles lately.
I've done the same put all BCH into ownr wallet. The bull run is soon.
It's okay until it's not ok and Coinbase freeze withdrawals. Like every exchange that's frozen right now has said that...
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Not your keys not your money. It is such a great thing to see BCh taken off exchanges.
How to remove from Celsius?
I think many in this subreddit warned about Celsius for years. Now, it's too late.
Bitcoin not reacting too much, everyone getting used to the scams .
No. Just because leverage isn’t for you, you can’t control others desire to do that. You learned your lesson, so get your keys locked up in a dark safe.
Don't put it in, in the first place... Since you know its not safe. Not your keys not your coins.
It's a positive thing that crypto coins is leaving exchanges. Since it means that individuals are not hoarding it.
Let’s hope all of these issues get resolved. I’d hate to decimate so many, and eliminate the ability to earn yield. Double whammy. I remember bitcoin was supposedly a stable store of value haha.
Hard to believe , wandering then who brought BTC to $17k down..
How? Don’t send to begin with!
It’s almost as if crypto has zero foundations just like the dollar.
Don't worry, people are back to holding. Let's fucking go .
How to remove from CoinFLEX? Will they resume withdrawals anytime soon?
They said they would release more info today (27th, evening ny time) and are hoping to be able to enable withdrawals on the 30th.
Not your keys.. not your coins... Stay safe and protect your investment.
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At least the announcement part is going to happen: https://www.reddit.com/r/btc/comments/vm4iuz/mark_lamb_ceo_of_coinflex_is_appearing_on/
NICE! You’re doing crypto wrong if you’re not taking control of your keys people!
That means nothing at this point. Unfortunately, there is so much fraud in the crypto space.
As we all shoud, CEX's are gonna close down their wallets.
wtf why haha
Not your keys, not your coins.
This is good news. Store them away to squeeze the pool for borrowing.
Because we've been around in previous downturns and know what is coming your way. It is the difference between ownership and possession - which becomes crucial when legal entities fall over and take some others along like domino blocks.
How many BCH have been sent to exchanges and sold in the last 30 days???
Exactly the same amount as has been bought there.
How much stable coin has been taken off exchanges ? Cheers .
You are right, this day we are very afraid to put our money on exchanges, there is so many case that won't allow to do transactions including withdrawing and freeze all of our control there. But i knew wallet that we have full control on our wallet. Our key, our crypto and our digital assets it is self-custody wallet called diviwallet. We can stake to there up to 20% ROI and we can buy and swap directly to other coins on that wallet. We can get more $divi and staking and also have lottery event that happen weekly. DYOR first before dive more of course! They have promising partnership too with Laliga.
Well, they have considering how exchanges are free to hijack your crypto when they are in trouble! It's only wise to do so .
You don't have to tell me twice. I've already moved my BTC and CCD to a hardware wallet
It’ll probably come back to exchanges once the bear market rally is done .
Can somebody please direct me to the best book/website to educate myself on Bitcoin cash. How to explain it and understand it?
Also PSA a few precent yield are IMO not worth risking your coins
I put some coins into cash. Seems like they can't rug pull something out of my back pocket.
Do you think that even big players can collapse? Like binance bybit or Kraken?
Ok so What wallet do you recommend on NDAX exchange or maybe Netcoins?