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It's time to act
#Bitcoin
is getting a lot scarcer now ..
.. and this will only accelerate further
So it's *very* important to protect your #Bitcoin; and that means withdrawing your bitcoin OFF every exchange
Let' s dig into why this is so important
#Bitcoin
is getting a lot scarcer now .... and this will only accelerate further
So it's *very* important to protect your #Bitcoin
; and that means withdrawing your bitcoin OFF every exchangeLet' s dig into why this is so important
First - is #bitcoin really getting scarcer?
Smart informed people like @CaitlinLong_ who have more visibility than us plebs can see this happening, and are sharing that knowledge
We cannot say we did not know https://twitter.com/CaitlinLong_/status/1329904478359744512?s=20
really getting scarcer?Smart informed people like @CaitlinLong_ who have more visibility than us plebs can see this happening, and are sharing that knowledge
We cannot say we did not know
https://twitter.com/CaitlinLong_/status/1329904478359744512?s=20
Next - why should I withdraw my #bitcoin ?
History is full of exchanges that failed, founders that disappeared, and in every case if you had bitcoin on those exchanges - YOU LOST IT
- Mt Gox
- QuadrigaX etc
You do NOT want to be a casualty..
..and the prevention is easy
?History is full of exchanges that failed, founders that disappeared, and in every case if you had bitcoin on those exchanges - YOU LOST IT
- Mt Gox
- QuadrigaX etc
You do NOT want to be a casualty..
..and the prevention is easy
"But Wiz - that whole bitcoin wallet thing scares the livin' bejezus out of me!"
New stuff can be scary for sure - and that's why it's fab that there's SO many options for #Bitcoin custody now.
Let's have a look at a few
New stuff can be scary for sure - and that's why it's fab that there's SO many options for #Bitcoin
custody now.Let's have a look at a few
Collaborative custody or Self-custody?
In the last few years @CasaHODL and @unchainedcap started offering "collaborative" custody. They offer the helping hands if you're new to this, and a strong security track record. These are great options if you want someone to call!
In the last few years @CasaHODL and @unchainedcap started offering "collaborative" custody. They offer the helping hands if you're new to this, and a strong security track record. These are great options if you want someone to call!
Self-custody means #bitcoin in YOUR wallet
Think of self-custody as a journey:
- phone wallets - smaller amounts
- hardware wallets - larger amounts
- multi-sig setups - advanced setups
@BitcoinQ_A & @6102bitcoin more deets
https://www.bitcoinqna.com/wallets https://bitcoin-only.com/#wallets
in YOUR walletThink of self-custody as a journey:
- phone wallets - smaller amounts
- hardware wallets - larger amounts
- multi-sig setups - advanced setups
@BitcoinQ_A & @6102bitcoin more deets
https://www.bitcoinqna.com/wallets https://bitcoin-only.com/#wallets
A first mobile wallet?
My Dad who's in his late 80's successfully set up his #bitcoin wallet using this guide - I wrote it with him in mind - and if he can do it.. well.. how hard can it be? 
https://www.citadel21.com/not-your-keys-not-your-bitcoin
My Dad who's in his late 80's successfully set up his #bitcoin
wallet using this guide - I wrote it with him in mind - and if he can do it.. well.. how hard can it be? https://www.citadel21.com/not-your-keys-not-your-bitcoin
Hardware wallets
Four prominent #Bitcoin hardware wallets I've used:
- Coldcard @COLDCARDwallet
- BitBox02 @ShiftCryptoHQ
- Trezor @Trezor
- Ledger @Ledger
These you have to buy, and there is lots of excellent material on setting them up
Four prominent #Bitcoin
hardware wallets I've used:- Coldcard @COLDCARDwallet
- BitBox02 @ShiftCryptoHQ
- Trezor @Trezor
- Ledger @Ledger
These you have to buy, and there is lots of excellent material on setting them up
Setting up Hardware wallets
See the vendors, AND
@_k3tan has fab guides over at @ministryofnodes
@BTCsessions has an extensive YouTube list
Bonus!
These guys are super competent bitcoiners that *you can book for one-on-one help*
@ministryofnodes has helped this ol' dog
See the vendors, AND
@_k3tan has fab guides over at @ministryofnodes
@BTCsessions has an extensive YouTube list
Bonus!
These guys are super competent bitcoiners that *you can book for one-on-one help*
@ministryofnodes has helped this ol' dog
It's time to act
#Bitcoin is about to go a little bit nuts. This is when dodgy institutions and exchanges - even long-standing seemingly reputable "regulated" exchanges - may fail bigtime.
There are no "bail-outs" in bitcoin.
Do NOT be fallout in their failures.
#Bitcoin
is about to go a little bit nuts. This is when dodgy institutions and exchanges - even long-standing seemingly reputable "regulated" exchanges - may fail bigtime.There are no "bail-outs" in bitcoin.
Do NOT be fallout in their failures.
Thanks to @matt_odell and @CaitlinLong_ for the inspirations on putting this thread together - very grateful for you both!
