Did you get a 12 word seed for your wallet?
They aren't "reppin" doge coin
He is starting the Department of Government Efficiency. Just makes the acronym Doge
Crypto help
- Thread starter CDNGass
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They aren't "reppin" doge coin
He is starting the Department of Government Efficiency. Just makes the acronym Doge
Idk what you mean by 12 word seed.
Yea he's doing that but they are also endorsing doge coin, they have been pretty vocal about the apparent collapse of the American dollar because 33 trillion in debt blah blah, so they are pushing doge coin pretty heavy, they are even using the doge coin mascot in the Department of Government Efficiency... So whether it's another trick on not, they are trying to create a big push in value on the coin.
So if you don't have a 12 word seed phrase then it is not your wallet. You do not control the coins. You have to start your own wallet and self custody.Idk what you mean by 12 word seed.
Yea he's doing that but they are also endorsing doge coin, they have been pretty vocal about the apparent collapse of the American dollar because 33 trillion in debt blah blah, so they are pushing doge coin pretty heavy, they are even using the doge coin mascot in the Department of Government Efficiency... So whether it's another trick on not, they are trying to create a big push in value on the coin.
That's a start but it's still a hot wallet. If you have coin you are scared to lose than one should learn to use cold storage
As long as you have your seed phrase stored away you are fine
That doesn't mean shit
No worrys like one of the biggest exchanges ftx?
Exactly
If people didn’t see the pyramid scam that FtX was doing , you could see it all on the blockchain explorer then it’s there fault.
Binance/Trust wallet is under very strict regulatory guidelines that have to be meet unlike FTX aswell as having one of the most if not the most capital in all exchanges worldwide.
To each there own what they want to do, cold wallet is definitely safer but when you want to sell at the peak of your target goal be ready for a very frustrating and long process. If you are holding long term with no target goals for taking profits cold is the way to go I agree.
Also if your comparing FtX to trust wallet it’s apples and oranges…..FTX is an exchange where you trade and sell your assets …trust wallet is a wallet for storage not a exchange , two completely different things. With the exchanges you don’t have a 12 word seed password. Trust wallet you do.
When using trust wallet you would have to send your crypto to an exchange like Newton/binace/kucoin/crypto.com to trade and sell your assets.
Binance/Trust wallet is under very strict regulatory guidelines that have to be meet unlike FTX aswell as having one of the most if not the most capital in all exchanges worldwide.
To each there own what they want to do, cold wallet is definitely safer but when you want to sell at the peak of your target goal be ready for a very frustrating and long process. If you are holding long term with no target goals for taking profits cold is the way to go I agree.
Also if your comparing FtX to trust wallet it’s apples and oranges…..FTX is an exchange where you trade and sell your assets …trust wallet is a wallet for storage not a exchange , two completely different things. With the exchanges you don’t have a 12 word seed password. Trust wallet you do.
When using trust wallet you would have to send your crypto to an exchange like Newton/binace/kucoin/crypto.com to trade and sell your assets.
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What is so frustrating and long about using a cold wallet?
I do use some hot wallets for day to day things. But to just trust all your crypto in one hot wallet is horrible advice if you are holding some serious funds.
I never compared ftx to a trust wallet. You made a comment about binnance
What do u guys think of the crypto boom right now? You think it's worth it to buy more, or you think it's going to dip soon?
I have been taking some profits from the small coins and buying btc. I dont really plan on selling anytime soon. My dilemma is always, why sell the best asset class in the world? What am I going to replace it with?
