Post
Topic
Board Bitcoin Discussion
Re: Is it safe to say we survived the Goxxing?
by
freebit13
on 04/03/2014, 09:59:27 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.
No offence, but many won't understand that because in today's world of the interweb it's very easy to inform yourself. Many might see that not informing yourself when it's so easy to do, is a form of stupidity... especially when investing such large amounts as some have... again: no offense intended.

It's nice to see the price climbing, time to buy!