submitted by /u/luke-jr [link] [comments] |
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Friday, 18 November 2022
Not buying Bitcoin, am I being dumb
I’ve been saving up my money for the past month, I’m currently on £6000 in my bank and £5000 in Ethereum, I’ve been trying to save my bank money until I can get to like 16k and buy a whole bitcoin with a couple thousand left in my bank. My job is self employed and I’m also a live at home student so I don’t really have expenses, but my income is inconsistent, I’ve earned £4000+ one week and then £50 the next week. I get more student maintanence loan money january too (£1500)
Anyway, should I just save up and then buy when I hit the 1bitcoin mark or start pouring some in rn? It’s at its all time low basically for the past year or two but then again the economy is doing bad rn so I could see it going lower.
What would you suggest, I appreciate any help and if I have left out any gaps please ask in the comments
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source https://www.reddit.com/r/btc/comments/yy2ggt/not_buying_bitcoin_am_i_being_dumb/
Is my crypto at FTX gone?
I do some long term investing in stocks and quite recently decided to do some crypto long term.
I chose FTX as it was popular and it had tokens I wanted to buy.
Bad luck for me :D
As it was a passive investment I did not follow the news daily and totally missed on the possibility to cash out.
Now wondering is my $ gone gone or temporary "on hold".
How likely you think that FTX will get acquired or in other way will raise cash to return investments to the clients?
As I understood, FTX is trying to restructures and raise cash, it is not closed entirely, there is a new CEO and all
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P.S. I found this service that that says will alert if FTX enables withdrawals, wondering if it is legit http://ftxstatus.live/
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source https://www.reddit.com/r/btc/comments/yxz8x0/is_my_crypto_at_ftx_gone/
Thursday, 17 November 2022
Do we need to more discussion about multi-sig?
In light of the current events it's great to see more people waking up the importance self custody, but are we overlooking the fact that hardware wallet software is another potential single point of failure?
Could a malicious hardware wallet software be the next shoe to drop that causes catastrophic losses?
Several months ago I purchased a 2nd hardware wallet from a different vendor to create a multi-sig wallet, but have been reluctant to set up the multi-sig in avoidance of complexity, but I am now being convinced that I/we should be more proactive about this before any possible future "surprise".
Anyone experienced have a reference for options/best way to multi-sig with 2 different hardware devices?
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