It& #39;s time to act
#Bitcoin
https://abs.twimg.com/hashflags... draggable="false" alt=""> is getting a lot scarcer now ..
.. and this will only accelerate further
So it& #39;s *very* important to protect your #Bitcoin
https://abs.twimg.com/hashflags... draggable="false" alt="">; and that means withdrawing your bitcoin OFF every exchange
Let& #39; s dig into why this is so important
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#Bitcoin
.. and this will only accelerate further
So it& #39;s *very* important to protect your #Bitcoin
Let& #39; s dig into why this is so important
First - is #bitcoin
https://abs.twimg.com/hashflags... draggable="false" alt=""> 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://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten"> https://twitter.com/CaitlinLong_/status/1329904478359744512?s=20">https://twitter.com/CaitlinLo...
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
Next - why should I withdraw my #bitcoin
https://abs.twimg.com/hashflags... draggable="false" alt="">?
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
https://abs.twimg.com/emoji/v2/... draggable="false" alt="😬" title="Grimasse schneidendes Gesicht" aria-label="Emoji: Grimasse schneidendes Gesicht">
You do NOT want to be a casualty..
..and the prevention is easy
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
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& #39; bejezus out of me!"
New stuff can be scary for sure - and that& #39;s why it& #39;s fab that there& #39;s SO many options for #Bitcoin
https://abs.twimg.com/hashflags... draggable="false" alt=""> custody now.
Let& #39;s have a look at a few
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New stuff can be scary for sure - and that& #39;s why it& #39;s fab that there& #39;s SO many options for #Bitcoin
Let& #39;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& #39;re new to this, and a strong security track record. These are great options if you want someone to call!
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
In the last few years @CasaHODL and @unchainedcap started offering "collaborative" custody. They offer the helping hands if you& #39;re new to this, and a strong security track record. These are great options if you want someone to call!
Self-custody means #bitcoin
https://abs.twimg.com/hashflags... draggable="false" alt=""> 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
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https://www.bitcoinqna.com/wallets ">https://www.bitcoinqna.com/wallets&q... #wallets">https://bitcoin-only.com/ #wallets ">https://bitcoin-only.com/...
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://www.bitcoinqna.com/wallets&q... #wallets">https://bitcoin-only.com/ #wallets ">https://bitcoin-only.com/...
A first mobile wallet?
My Dad who& #39;s in his late 80& #39;s successfully set up his #bitcoin
https://abs.twimg.com/hashflags... draggable="false" alt=""> wallet using this guide - I wrote it with him in mind - and if he can do it.. well.. how hard can it be?
https://abs.twimg.com/emoji/v2/... draggable="false" alt="😉" title="Zwinkerndes Gesicht" aria-label="Emoji: Zwinkerndes Gesicht">
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten"> https://www.citadel21.com/not-your-keys-not-your-bitcoin">https://www.citadel21.com/not-your-...
My Dad who& #39;s in his late 80& #39;s successfully set up his #bitcoin
Hardware wallets
Four prominent #Bitcoin
https://abs.twimg.com/hashflags... draggable="false" alt=""> hardware wallets I& #39;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
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Four prominent #Bitcoin
- 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& #39; dog
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
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& #39; dog
It& #39;s time to act
#Bitcoin
https://abs.twimg.com/hashflags... draggable="false" alt=""> 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
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!