Post
Topic
Board Trading Discussion
Re: Why Not Just Buy BTC?
by
stomachgrowls
on 15/07/2023, 23:47:05 UTC
I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?


You can buy and accumulate if you do like but if we are already talking about storing or buying huge sums of amount then it wouldn't be wise on storing
those coins on those custodial things and exchangers and platforms like Coinbase isnt a wallet but an exchange which its centralized and you dont possess the keys which
its still not our coins and once problems do exist then there's no way that we could be able to get those coins back. Therefore, you should consider the list;

1. Electrum
2. Hardware wallet like Ledger or Trezor
3. Some wallets that are non-custodial, cant point out which one but there are existing currently.

If you do tend to go for long term then this would really be the best thing to be done. Always secure those coins on wallet that you do possess those private keys.