Post
Topic
Board Trading Discussion
Re: Holding could be better
by
LUCKMCFLY
on 01/05/2023, 02:06:50 UTC

the most important thing is don't forget to save the assets you bought in your wallet. don't leave it on the exchange. for long term holding, it is better to focus on Bitcoin. and just ignore Altcoins, even if they are top 10 marketcap. because in the next few years, we will never know what will happen to the projects where we put money. what happened to FTX and Luna should teach us many lessons for choosing a project.

I also try not to keep the coins on the exchange for a long time, when I have such a need, I try to keep it no more than a few days. I feel much more relaxed when my coins are stored in my wallet. And lately I'm more inclined to the fact that I like the hold more, bitcoin in a reliable wallet gives me confidence and a restful sleep. Trading has its benefits, but sometimes it takes too much of my time.

Can I just ask you when you hide your bitcoin in your wallet? Is it in Electrum or Hardware wallet? Right now, because I don't have a hardware wallet, I keep bitcoins in Electrum first and the other bitcoins are in exchanges like Binance to be used for day trading anyway.

    With this method that I am doing so far so good anyway. I have been doing this for several years, as long as electrum has any updates,
I immediately do it, whatever needs to be done as its users.

I think that things here are a matter of taste, in my opinion the best is Ledger, I have not tried saving btc in Hardware, how has your experience been? I have an electrum wallet, but I have seen many hacks and the truth is something that scares, even members with great experience here in the forum, so there comes a time when all computer security tools have to be used to stay safe, here vpns and all the protocol used to enter the DeepWeb is valid when it comes to securit.