Quote from: sokani on October 18, 2023, 02:46:03 PM

Quote from: gantez on October 17, 2023, 08:55:18 AM

Have you consider that you lose all your coins because the wallet phrase to your coins and PC burn in a war.
So what will you do if you survive after the war to start back your financial struggling and your crypto investment journey. Or can you get the coins back?

I've actually thought about this, though it's not an effective storing technique but I'm left with no choice since I'm constantly on the run for my life. Storing my seed phrase on a piece of paper or metallic steel plate may not be ideal at this point as it could be destroyed. I know I don't support storing of seed phrase electronically but if I happen to be in a country where there's war, I would save it in a cloud storage and if I make it through the war and everything returns back to normalcy. I would look for a computer or phone and access my funds. If it's still in intact, I would create a new wallet, transfer my funds to the wallet and keep my seed phrase offline.

I feel like putting it online is not as terrible as people make it out to be, a lot of people act as if that would be the worst thing ever but that is not the case in most times. Just put your money online and you will be able to get it anywhere.

Sure, if you have a normal life that you do not have to run all the time then you can do whatever with other stuff, but that is not the case for others. Have something that you can reach via your mobile phone, and store it online and you can take your mobile phone with you everywhere, and even if you do not have your own mobile phone, you can find another one eventually and use that to download the app and log back in and get it.

If you can't even do that then it means you are not in a situation that you can consider bitcoin anyway, that is too late. Those type of online results are the best during that type of period, plenty of Ukrainians did it and it was a smart move to cross the border without anything on them and still had money anyway.