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Topic: Crypto wallets keep you safe - page 2. (Read 326 times)

legendary
Activity: 1414
Merit: 1118
...gambling responsibly. Do not be addicted.
April 27, 2021, 04:59:42 PM
#4
Bitcoin is a very good alternative to fiat but not fully a substitute, they can exist together which makes humans to find means of diversifying money and assets. I do not see bitcoin promoting cashless society because there is still money printing, if you are also talking about fiat generally, is fiat not one of the major means that are used to buy bitcoin. Also know that fiat can be cash and also can be in digital form, the fiat that has been in digital form really help money printing to reduce because some people are making use of fiat in digital form also.

Bitcoin can be stolen, but it offers privacy which digital fiat can not offer, if it's private key or seed phrase is problem saved, it will not be stolen from someone, but this takes a very careful knowledge and experience. But one thing I like about bitcoin is that it is helping people in countries that their fiat are getting devalued to be a safe haven.
hero member
Activity: 2842
Merit: 625
April 27, 2021, 04:54:27 PM
#3
There is still risk that comes with holding crypto, with a $5 wrench, an armed thief can force someone with bitcoins to send them to their wallet addresses.
This is why it is important to remain low key. Whether it be in your digital life/social media posts as well as in real life that you're too careful to tell stories about yourself being involved in crypto investments.

When you have your money in various wallets you can not be rubbed unless you are careless over it.
As the above quote says, you can still be robbed forcefully if you're not careful to your words and if you're too showy to others that you own cryptocurrencies.
legendary
Activity: 1988
Merit: 2160
Professional Community manager
April 27, 2021, 04:52:13 PM
#2
There is still risk that comes with holding crypto, with a $5 wrench, someone can force another who holds bitcoins, to send them to their wallet addresses. There's also the digital risk that comes with going cashless as you are potentially exposed to hackers and scammers.
With Bitcoin you're your own bank and the security of your funds depends solely on you;
• Never reveal your holdings,
• Do not go around with your wallet hardware device,
• Use only non custodian wallets...
member
Activity: 686
Merit: 21
April 27, 2021, 04:44:28 PM
#1
You can agree with me that bitcoin promotes a cashless society too,so saving and investing your money in bitcoin wallets save you from possible  rubbery.  When you have your money in various wallets you can not be rubbed unless you are careless over it.
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