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42 Comments

  8. That requires a fair amount of work and research, let us hold your crypto.😂 That is the problem with the current system. Nobody understands it, and that's by design. Why do they make it so complicated? I'll stick with real money, I hold it, control it, you don't need to know how much of it I have (it's none of your damn business.) Third parties are the problem.

  10. That is not a "problem." ADULTS refer to it as a RESPONSIBILITY. But only by being responsible may one expect to be free. That "freedom" from financial institutions – which have destroyed our economy – is the REAL "problem"… for the banks.

  11. He doesn't understand cold storage. If your forget your password to your wallet, it's not gone forever. You still have your seed phrase and can transfer the funds to new wallet. If you lose your seed phrase but remember your password, then you can either generate a new seed phrase or just send the funds to a different wallet. And if your wallet gets lost or stolen, you can transfer funds to a new wallet. If you have good risk management practices and assume everything is a scam, then you'll be fine. Much better than giving your crypto to shady bankers.

  12. This guy doesn’t really understand what he’s saying.. please don’t take his advice on not using cold storage, literally millions of people would be wrong and he would be right. Does that sound ideal to you?

  20. 😂😂😂 fair amount of work? I bought a hardware wallet watch the video tutorial Transferred my crypto to my hardware wallet in about two minutes. If you can use a cell phone, you can easily worth a crypto wallet. And that’s another lie if you lose your password, your crypto is lost forever. All you have to do is be responsible where you put your 12 word key. He acts like people are going around losing their drivers license and Social Security card number like it’s really not rocket science. Or you could keep it on an exchange and pray to God the exchange doesn’t steal your crypto when there’s a big bull market. 😂 just like Robin Hood locked everyone’s account when GameStop flew to the moon. Crypto is not regulated so you have to control it yourself

  26. it will be a long process. Humanity is used to have a central authority protecting their assets. for small amount of money may not be an issue but imagine having all your money by yourself. Another issue is safety, 5 dollars wrench attack are getting more common.

  40. Buy a Ledger and 4 Cryptosteel capsules, initialize the Ledger, get a new 24-word seed, copy 12 words on 2 of them, and 12 words on the remaining 2. Place them in 4 different bank safes. Get your Bitcoin address, initialize your Ledger, transfer Bitcoin to that new address, that will only be recovered by the seed that is now stored in those banks, not in one place.

    This way even if one of those banks were robbed you wouldn't lose 50% of your seed, thus losing all your crypto even if thieves couldn't use the half they got.

  42. I’m in my early 50s and plan on holding everything I have through retirement. For that reason, I’m not too concerned about this concentration at the top since. After testing different approaches without stable results, I’m wondering if anyone has experience learning from a hands-on mentor who focuses on the process rather than pre-recorded content.

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