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Coinbase and Binance are coming out showing off their reserves bigtime. So far I have seen Coinbase mentioning that they have over 2 MILLION BTC... Which is 20% of all that could be had. So... uh... which wallets? Next is Binance showing that they have an on chain crypto value higher than their total liabilities to customers. These could both the real or they could both be fake. My guess is that they are partial or complete fabrications because they could NOT have survived the leveraged-jews being fully capitalized is my guess... but maybe? Pay attention to these guys and, ofcourse, don't believe anything other than asset keys stored on a mined blockchain. :) That is the gold-standard for truth.

Coinbase and Binance are coming out showing off their reserves bigtime. So far I have seen Coinbase mentioning that they have over 2 MILLION BTC... Which is 20% of all that could be had. So... uh... which wallets? Next is Binance showing that they have an on chain crypto value higher than their total liabilities to customers. These could both the real or they could both be fake. My guess is that they are partial or complete fabrications because they could NOT have survived the leveraged-jews being fully capitalized is my guess... but maybe? Pay attention to these guys and, ofcourse, don't believe anything other than asset keys stored on a mined blockchain. :) That is the gold-standard for truth.

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[–] • 0 pt

Why are you saving your bitcoin under your mattress? It doesn't matter if it's on the exchange or not. If the exchanges go jew theres nothing you can do with your "paper wallet" bitcoin anyway. There is no point in hodling right now. Crypto is worthless unless you are trading or spending it. If everyone takes their coins off exchanges the markets would go stale. Not to mention time and transfer fees. If the price jumped you would miss it trying to get your coins on an exchange. I've had crypto on Binance for years and also on Binance.US since it started. So i question the often touted phrase "keep your coins off the exchanges".

Not to mention no one should be putting more on any exchange then they can afford to lose. No sympathy for those who cannot properly think for themselves.

[–] • 0 pt (edited )

Good luck with that. Storing your crypto on Binance is insane.

Issue 1: Binance is the largest target for hacks along with Coinbase.

Issue 2: No one is going to bail out CZ if he goes bankrupt, and no court has clear jurisdiction if that happens either.

Issue 3: You are one regulatory decision away from having all of your assets frozen at all times.

Get a hardware wallet or learn to use paper wallets for cold storage. Use a non-custodial software wallet for spending amounts.

[–] • 0 pt

Get a hardware wallet or learn to use paper wallets

I have both. But I prefer to be active on the market.

You are one regulatory decision away from having all of your assets frozen at all times.

I invested a few thousand a when BTC was only ~$300. I have made a large amount of money from crypto and used it to acquire assets with real value. Losing anything on an exchange means nothing. It's all just numbers on a computer. Same with dollars. It's worthless until you turn it into something of real value. You can't do that when it's locked away in a wallet.

[–] • 0 pt

But I prefer to be active on the market.

And you've lost money because of it. If you had transferred to the exchange to sell when you needed fiat, and held from 300 to 16000 you would have 80x'd. Trading actively is how people lose. Keeping it on an exchange is also how people lose.