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.TUX. Flag 24 Jul 19 8.21am

Originally posted by Stirlingsays


I'm getting the feeling that this thread is turning into the invasion of the body snatchers.

In a couple of months time I fear that I might be telling people that it's a good time to buy.

Where do I hide?

There's a good chap

 


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.TUX. Flag 24 Jul 19 8.23am

Originally posted by dollardays

Most likely, but the point I was getting at is that with any investment it's generally not wise to get overly scared by short term changes. By which I mean, what happens or happened in July is largely irrelevant.

Absolutely.
Buy, hold and ignore the random noise.

 


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View Stirlingsays's Profile Stirlingsays Flag 24 Jul 19 8.27am Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

Originally posted by .TUX.

There's a good chap

Crypto is certainly here to stay.

 


'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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.TUX. Flag 24 Jul 19 10.23pm

Originally posted by Stirlingsays

Crypto is certainly here to stay.

Phew, that's one more prepared to enlighten people. Welcome aboard
We'll take your new stance one word at a time.
This weeks word is 'Still'.

Next weeks word is a belter!

 


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deleted user Flag 26 Jul 19 3.04am

Originally posted by .TUX.

Phew, that's one more prepared to enlighten people. Welcome aboard
We'll take your new stance one word at a time.
This weeks word is 'Still'.

Next weeks word is a belter!

Do you have any tips on where to buy? since there are of course occasional horror stories in that department from those not in the know. Preferred or trusted platforms. Where you bought your litecoin and so no..

 

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deleted user Flag 26 Jul 19 3.13am

Originally posted by .TUX.

Absolutely.
Buy, hold and ignore the random noise.

Sounds like the right formula to me. A relation of mine did that with shares over the decades throughout the highs and lows and it certainly reaped rewards in the end. There's even more of a rationale for doing that with crypto currencies too really.

 

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deleted user Flag 28 Jul 19 3.09am

What's the view of Ethereum around these parts? It looks to have had a sluggish start to the year but could it be one to watch?

 

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.TUX. Flag 28 Jul 19 7.28pm

Originally posted by dollardays

Do you have any tips on where to buy? since there are of course occasional horror stories in that department from those not in the know. Preferred or trusted platforms. Where you bought your litecoin and so no..

'Coinbase' in the main and some on 'Binance'.
Both a ball-ache tbh but that's where this space is atm.

 


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.TUX. Flag 28 Jul 19 7.31pm

Originally posted by dollardays

What's the view of Ethereum around these parts? It looks to have had a sluggish start to the year but could it be one to watch?

Bitcoin appeals to all so probably the better/safer choice.

That aside, looking forward to a nice end to 2019

Edited by .TUX. (28 Jul 2019 7.33pm)

Edited by .TUX. (28 Jul 2019 7.33pm)

 


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deleted user Flag 28 Jul 19 7.40pm

Originally posted by .TUX.

Bitcoin appeals to all so probably the better/safer choice.

That aside, looking forward to a nice end to 2019

Edited by .TUX. (28 Jul 2019 7.33pm)

Edited by .TUX. (28 Jul 2019 7.33pm)

Cheers TUX. I was reading about the security features of Ethereum, but then heard of a disaster where millions were stolen. I suppose this has happened with all cryptocurrencies though.

As you say though BitCoin appears to be and always has been the gold standard. Out of curiosity where did you buy yours? Do you store them locally rather than trust an online service?

Edited by dollardays (28 Jul 2019 8.16pm)

 

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.TUX. Flag 28 Jul 19 8.16pm

Originally posted by dollardays

Cheers TUX. I was reading about the security features of Ethereum, but then heard of a disaster where millions were stolen. I suppose this has happened with all cryptocurrencies though.

As you say though BitCoin appears to be and always has been the gold standard. Out of curiosity where did you buy yours? I'm assuming that you store them locally rather than trust an online service?

Exchanges get hacked. Cryptos themselves don't (as far as i'm aware).
Buy them and store them in your own personal wallet, a Trezor/Ledger Nano S (or similar).
Never ever leave your purchase on an exchange. This is similar to doing your weekly shop, paying at the till and leaving the laden trolley there.

Take whatever you've purchased 'home'.

 


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deleted user Flag 28 Jul 19 8.26pm

Originally posted by .TUX.

Exchanges get hacked. Cryptos themselves don't (as far as i'm aware).
Buy them and store them in your own personal wallet, a Trezor/Ledger Nano S (or similar).
Never ever leave your purchase on an exchange. This is similar to doing your weekly shop, paying at the till and leaving the laden trolley there.

Take whatever you've purchased 'home'.

It was rather interesting in that it appeared to involve hacking easy or guessable private keys, or by bruteforcing addresses secured by pass-phrases:

[Link]

I would think it's not a serious concern for those who know what you're doing though. And I suppose when anything like this happens, many take steps to ensure that they're not victim to the same kind of thing.

 

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