Close
Results 1 to 10 of 175

Threaded View

Previous Post Previous Post   Next Post Next Post
  1. #11
    The "Godfather" of COAR Great-Kazoo's Avatar
    Join Date
    Sep 2003
    Location
    Washboard Alley, AZ.
    Posts
    48,076

    Default

    Quote Originally Posted by HoneyBadger View Post
    Again: Do your research and understand what you are investing in.

    FWIW, major exchanges like Coinbase and Gemini are insured against theft, hacking, or fraudulent transfers. Cash sitting in your Gemini or Coinbase accounts is insured by the FDIC.

    I have yet to see substantial recent evidence of wallet theft or hacking. There are MANY cases of user error, but not many cases of legitimate theft or hacking. Recent advancements in crypto protocols have made digital attacks even less effective.

    For the record, I wouldn't advocate anyone invest in any crypto besides BTC or ETH. There are thousands of garbage cryptos out there now just trying to ride the hype train (like DOGE), but BTC will forever be the standard against which all others are measured.

    ETA: Of course technological developments will change the landscape. This is why I stated: "What do you believe will be the best store of value for the next month? Year? 10 years?" Constant evaluation of what holds value is critical for maintaining your wealth.
    Cash & precious metals, including brass, copper & lead. ESPECIALLY when it's now hovering around $1. per +. That should hold us till we pass on, be it tomorrow, or 10 yrs from now.

    If i can't put my hands on it. I'm not dealing with it, especially something electronic. One that can be shut down, or hacked . Don't say it can't, anything electronic, from your cell ph account, to national security, is just a few keystrokes away from being hacked. .

    As for wealth. A roof over our heads and food on the table, is real wealth, especially with no mortgage over your head. . Same for debt, carrying none is very nice, if one can. Thankfully we can and do.

    Regarding, taking care of the kids, well she's just shy of 40 and been self sufficient for 20 yrs. Could not imaging having school age kids, in todays society. You folks have a tough road ahead of you.
    Last edited by Great-Kazoo; 10-23-2021 at 20:13.
    The Great Kazoo's Feedback

    "when you're happy you enjoy the melody but, when you're broken you understand the lyrics".

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •