Post
Topic
Board Bitcoin Discussion
Re: Is it safe to say we survived the Goxxing?
by
turvarya
on 04/03/2014, 08:13:38 UTC
I still baffles my mind how people in their right mind would dare to store that much on an exchange..
The first thing I learned in bitcoin after 30 minutes of researching was to store your own coins offline.

To store them online just wasn't enough, I mean if you just insisted to store your coins online, you could choose bitstamp/blockchain, even btc-e.. But an exchange with $5m seized by DHS, $50m class action lawsuit AND 22 months withdrawal time..

How is that not screaming red flags?

People are stupid.
To my defence: I was uninformed, which is not the same as stupid.