Leander said:
I'm 5x on HYPE. Realistically this could turn out to be a serious competitor to Solana towards the end of the cycle. It should already be priced the same as Sui, at least, so very under valued from a fundamental perspective.
Worth a look.
so, wait, you trust a bank, but not a third party outfit that doesn't have access to your keys?TxAG#2011 said:
That's why you use a bank safety deposit box.
Still crazy risk to introduce a third party. What if they go out of business? Somehow lose the key? Data breach? Someone could hold your keys for ransom.
Absolutely not.
Bag said:so, wait, you trust a bank, but not a third party outfit that doesn't have access to your keys?TxAG#2011 said:
That's why you use a bank safety deposit box.
Still crazy risk to introduce a third party. What if they go out of business? Somehow lose the key? Data breach? Someone could hold your keys for ransom.
Absolutely not.
I think you are the crazy one
nothing I supposeTxAG#2011 said:Bag said:so, wait, you trust a bank, but not a third party outfit that doesn't have access to your keys?TxAG#2011 said:
That's why you use a bank safety deposit box.
Still crazy risk to introduce a third party. What if they go out of business? Somehow lose the key? Data breach? Someone could hold your keys for ransom.
Absolutely not.
I think you are the crazy one
It's been in there 7 years. No issues. 24/7 security. What am I supposed to be worried about?
ok, so I think I understand now, you get two keys (not a copy but actually two keys), each stored in two separate geographic locationsFightin2010 said:
You do not have to trust them. It is just multi-sig whereas to access your coins or move them there must be two "keys" turned at the same time. You hold two keys and they hold one. They can never move your Bitcoin with their one key. But in the event where one of your keys is stolen or destroyed you can call them to utilize the third key.
ETA: I was losing sleep while away on vacation knowing someone could break in to my house and steal my one access point or that my house might burn down. In this case if that happens I just go get my other key and call up Unchained.
Bag said:
what is the cheapest way to day trade BTC? is this even possible? The fees seem to make it very hard
Diggity said:
That would be an Unchained Malady
mavsfan4ever said:
You could just buy a bitcoin ETF in your 401k. That way you can buy/sell whenever you want without owing any taxes.
An ETF is not as good as holding the actual coin according to some people, but it does have tax advantages when you hold it in your 401k.
this is why the Unchained IRA is the route I am going to go, transfer funds from an old 401K. I own the keys, it is my BTC, they just manage the paperwork around early withdraw etcThunderstruck xx said:mavsfan4ever said:
You could just buy a bitcoin ETF in your 401k. That way you can buy/sell whenever you want without owing any taxes.
An ETF is not as good as holding the actual coin according to some people, but it does have tax advantages when you hold it in your 401k.
IMO, if you aren't cold storing your passphrase offline, you do not truly own the crypto. Mine is punched into titanium plates. Even if the physical location where they're hidden burns down or is flooded, I can recover. There's still risk of loss, due to physical theft of course.
My larger worry with crypto is whether or not a quantum computer or AI on a quantum computer could crack people's passphrases.
Mas89 said:
Btc under 100k now. That's an 8 percent drop since yesterday afternoon.
mavsfan4ever said:
I guess im not familiar with unchained Ira. Does it work like a typical IRA except that you can actually hold bitcoin? How does that work?
Is it a Roth IRA or a traditional Ira? I'm assuming you can't have both a Roth/traditional and an unchained?
Mas89 said:
Btc under 100k now. That's an 8 percent drop since yesterday afternoon.
yea, you can do either Roth or Traditional. you hold the keys to the BTC, which for me is critical, Unchained uses a third party bank to manage the paperwork around the IRA, for example the fees associated with cashing out.mavsfan4ever said:
I guess im not familiar with unchained Ira. Does it work like a typical IRA except that you can actually hold bitcoin? How does that work?
Is it a Roth IRA or a traditional Ira? I'm assuming you can't have both a Roth/traditional and an unchained?
yea, I think saylor is in jeopardy of overplaying his hand. MSTR wants to encourage other mid size companies and state governments to adopt a BTC standard, he does NOT want to become BTC.Yukon Cornelius said:
Well now we have to track btc price and MSTR price. I fear Saylor has over leveraged.
That was funnyMRB10 said:
