Shib taking off again!
BITCOIN
- Thread starter Weather Man
- Start date
Did Musk meme away again? yeah.
Uhm....my Shiba investment after fees was $5962.10 and right now at $11667.54 WOWSERS
Didn't get greedy, left 1000 in Shiba and moved about 12K to BTC. 
Weather Man.....forecast calls for profits and sunshine
Weather Man.....forecast calls for profits and sunshine
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Weather been quiet latey
Didn't get greedy, left 1000 in Shiba and moved about 12K to BTC.
Weather Man.....forecast calls for profits and sunshine
that's a good move considering BTC.D looks like it will pamp...which should suck some life out of Alts
Nothing wrong with you guys making money.
Awesome! Unfortunately I missed the SHIBA run. I saw it crash a few months ago and after Vitalik gave away his coins figured it would be too risky.
Oh well, I am still doing really well with my Doge. At peak when Doge was over 70 cents my Doge profits was over $100,000 house money. I have diamond hands and will be holding that hopefully all the way to a dolla lol! It has started to move again.
break that mother!
SHIB has more than doubled since last week
I wish I would have opened a coinbase account and bought some, I remember you guys saying Robinhood just started selling it. I wonder if its too late.
I don't think it is too late. Not investment advice and I'd hate for you to lose money on it.
Here's my thinking. Leaving excess dollars in a bank account is a losing proposition because of inflation and the dollar has been losing value year over year since inception. IMO you have two options: Spend your dollars if needed or invest it.
People are investing in the stock market, precious metals, housing, crypto, real estate even cars and watches etc.. You can lose money with all those type of investments if you buy high and sell low. Many people made a killing with real estate and some went bankrupt.
I do think cryptos will trend up but it won't be a straight line. Weak hands will be shaken all the way up.
I'd rather see my cryptos go to zero than cash out too soon and then see it go to the moon (diamond hands). I also don't want to pay a ton of taxes so I will not take out too much and end up having to fork over 1/2 to the IRS. That's why I plan on taking out smaller profits every year.
But that's my view. Others feel different and would rather sell lower and still realize a profit.
I have been buying some physical precious metals and I do not want excess money sitting in a bank account pretty much losing money due to inflation. It's nerve racking trying to figure out this crypto currency and making sure that whatever I do put in doesn't get hacked and I lose it all.
Trade for crypto online, but when done - transfer to a wallet on a local machine. Shut the box down and you are good for cold storage. I recommend a Linux box with encrypted hard drives.
What he said.
The Best Cold Wallets of 2021 | CoinMarketCap. Something like this?
You can go that route but not what I was talking about. When I say wallet - I mean a Software wallet installed on a computer.
-> each coin will have it's own proprietary wallet software.
"Bitcoin Core" is the original Bitcoin wallet, for instance. As you can see there are many clones - ie. choices.
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Just don't be that guy that throws out your hard drive and then end up regretting it.
I personally leave it on Coinbase / Binance. I know this is not ideal. But Coinbase is staking my ETH. I also have Vechain and EOS staked on Binance. Some Coinbase accounts were recently hacked and Coinbase reimbursed them.
Thousands of Coinbase wallets drained by hackers
Over 6,000 Coinbase wallets wiped out
The reason this attack wasn't more widespread was because the hackers needed some very specific information before going after someone. This meant knowing a user's email address, password and phone number, as well as access to personal email accounts.
Coinbase has not been able to determine how these hackers were able to get access to this information, but suspects phishing attacks and other social engineering techniques to be the culprit.
According to Coinbase, "We have not found any evidence that these third parties obtained this information from Coinbase itself."
"However, in this incident, for customers who use SMS texts for two-factor authentication, the third party took advantage of a flaw in Coinbase’s SMS Account Recovery process in order to receive an SMS two-factor authentication token and gain access to your account."
Coinbase claims that as soon as it learned of the issue, it updated its SMS account recovery protocols to prevent further abuse. The company also worries that the hackers were able to view some critical personal information, including home addresses, date of birth and IP addresses. Luckily, Coinbase has refunded users and put crypto back into user accounts.
"We will be depositing funds into your account equal to the value of the currency improperly removed from your account at the time of the incident. Some customers have already been reimbursed — we will ensure all customers affected receive the full value of what you lost."
Of course, Coinbase is already working with authorities to try and find the criminals. Coinbase will also be providing free credit monitoring to affected customers.
The company is also imploring customers to forego SMS authentication and to instead use time-based one-time password (TOTP) like Google Authenticator or a hardware security key. And, of course, users should probably change their current password on their Coinbase account and email account as well.
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