You can reduce your own risks by ensuring you consistently adhere to good security protocol.
Use strong passwords
Use computers that are clean of malware with current reputable antivirus
Store your HODL stash in cold wallets or a Trezor
Don't keep crypto on exchanges unless trading with it.
Always use dynamic 2FA wherever you can.
Don't tie your email address to your cellphone number.
Txt is insecure and phone jacking is a real threat.
For loss due to market fluctuations.
You can short and long positions to hedge your risk.
Topic: Insuring the crypto assets. Is it possible? (Read 983 times)
Don't think it is possible because any insurance company will accept the risk involved in crypto investments and make up for the losses because the prices can literally even go to zero so if everyone insured their crytpo means how they can get their f=refund from nothing.
Do you even understand the risk that you have to take by allowing some 3rd party to take care of your assets while you sit around doing nothing? People need to become more aware and alert about these risks. One should never ever reveal their holding to a 3rd party. Who knows when someone is going to pull the plug and go to the darkside along with all your precious coins?There does not exist any such "insurance" company. Even if they did I would never put my coins in there. Cant you all see the similarity of banks with this? They may entice you to use their service to receive 5% pa interest but then again thats basically like the bank. Wake up!!
It is hard to predict something in this market, but you should be prepared for market in case if it will go to down side with fiat or stable coins to buy more at lower prices.
Do not look your loses as permanent loss, market will recover one day and these loses will be little compared to future profits.
Do not look your loses as permanent loss, market will recover one day and these loses will be little compared to future profits.
Well, how much you lost on the "Bitcoin's Black Friday"?
Thousands of dollars. 
But it can recover and would get better once the market starts to get into the bull so I'm worried with that lost. I even made that much before with the last bull.
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.
You want to insure to avoid such losses when the market changes its price? I'm not sure if there will be a company that's willing to take risk for this type of scheme, if there's a company willing to do that, many will take advantage of it. I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.
if like that, I think insurance companies are ready with the risk of cryptographic price fluctuations,
or i think! insurance companies sell crypto when the insurance user pays it with cryptocurrenc.
or i think! insurance companies sell crypto when the insurance user pays it with cryptocurrenc.
Insuring of things that are very easy to ensure most time the insurance company fail. Let me be frank with you anyone that promise you that if you insured your bitcoin when it was $15000 when the price falls to $4000 He or She will paid your $15000 anytime you need it or in an agreed time will definitely disappoint you. Invest in crypto at your own risk.
You could probably find insurance for crypto if your talking about theft. Dropping prices is a completely different ball game.
I've heard of celebrities insuring their body parts for millions and many other ridiculous things, if the price is right an insurance company won't turn you down. They love easy money.
I've heard of celebrities insuring their body parts for millions and many other ridiculous things, if the price is right an insurance company won't turn you down. They love easy money.
Don't think it is possible because any insurance company will accept the risk involved in crypto investments and make up for the losses because the prices can literally even go to zero so if everyone insured their crytpo means how they can get their f=refund from nothing.
If you have sum insured in bitcoin equivalent and insurance company pays losses in bitcoin it makes no difference how much BTC cost. All fiat\crypto risks are from another story. It makes things simple - you loose crypto, you get crypto.
Don't think it is possible because any insurance company will accept the risk involved in crypto investments and make up for the losses because the prices can literally even go to zero so if everyone insured their crytpo means how they can get their f=refund from nothing.
the question of who should be involved in the insurance of crypto-assets, still remains open. On the one hand, insurance companies should take part in the formation and evaluation of cryptocurrencies, and on the other hand, companies that are directly involved in the crypto-industry own the greatest expert base for risk assessment. The ideal solution would be the joint cooperation of the first and second
Saved 1 eth on the $520 level
sold at 300 lol
Well, its a good timing sir even you are lose 25% of your investment. Atleast you sold your ethereum before it goes down. As of now, the price of ethereum is moving at 100 to 150 dollars. Maybe, it will surge once it has a price action in bitcoin. We can ensure our crypto asset by holding them all until we see the price that is rising above its ico price. sold at 300 lol
Well, how much you lost on the "Bitcoin's Black Friday"?
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.
Running a company to insure crypto assets is a huge risk I don't think anyone would want to adventure. It will be an added risk to the already risk prone crypto investments. It is utterly unnecessary.I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.
The truth is that crypto insurance service baked by licensed insurance company and already operating. At least here is the one https://cryptoins.io/
Well, how much you lost on the "Bitcoin's Black Friday"?
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.
Running a company to insure crypto assets is a huge risk I don't think anyone would want to adventure. It will be an added risk to the already risk prone crypto investments. It is utterly unnecessary. I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.
Well, how much you lost on the "Bitcoin's Black Friday"?
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.
First time I hear about such a system. It might be but they should be scam like other money traps. Why would anyone do that? Think about it, it is not possible to make profit maybe some little interest but when the prices go down the loss becomes too big. I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.
If anyone does they insure the number of Bitcoins not their USD value.
Yes, there are project that are catering already about insurwnce but I do.not know how it will going to work out. Anyway, there is another way to ensure our investment and that is to let cryptocurrency to be regulated by every country around the world. This will definitely make a good start for building up confidence and trust in investing crypto.
i don't think it can be done at this time, we know that the regulation in my country doesn't exist yet, whereas to insure it, of course something must be approved by government, of course this is still difficult
We are focusing on the fiat currency once again. The question is not "can we insure the price point we get into bitcoin", that is idiotic. No you can not guarantee the price of bitcoin as an insurance company, are you insane? However insurance companies can insure the storage of your bitcoins and so forth, if your money is stolen and what not. They won't do it for everyone and every option since they wouldn't know to trust you but they can insure places like wallets and exchanges for that reason. That way one insurance company will say "give us x amount of fiat/crypto and we can insure that your coins in binance will not be stolen". In which case if your money stays there, insurance company wins, if your crypto gets stolen there they will find a way to make that money but at least you will be safe knowing that they will pay you.
to ensure your funds is quite possible I think. But the essential part here is not to mix up the notions and make sure you understand how the system of insurance works.
For heaven's sake and for this forum's sake please do some research before you start posting about stuff and giving advise to others. There is currently no system that helps you insure your assets. What do people actually lose when the market drops? The amount of bitcoin they have still dont change provided they have not sold any of it. They lose the value of the asset because of market price changes. That does not necessarily mean one should look for modes to insure the values because in reality there is nothing that can do so.Putting your funds into a company that allows you to hedge it would be another headache. Do so at your own risk.
Sure there are services that insure your crypto assets. But the risk is not USD price of the assets drops, but you loose your assets because of fraud or hackers.
to ensure your funds is quite possible I think. But the essential part here is not to mix up the notions and make sure you understand how the system of insurance works.
For heaven's sake and for this forum's sake please do some research before you start posting about stuff and giving advise to others. There is currently no system that helps you insure your assets. What do people actually lose when the market drops? The amount of bitcoin they have still dont change provided they have not sold any of it. They lose the value of the asset because of market price changes. That does not necessarily mean one should look for modes to insure the values because in reality there is nothing that can do so.Putting your funds into a company that allows you to hedge it would be another headache. Do so at your own risk.
there is nothing special about the insurance of crypto assets. only now for loggin to the wallet or market exchange, there is a recent update that must be accompanied by confirmation that it is not phishing. I think it's a good progress for the level of security of our assets.
Well, how much you lost on the "Bitcoin's Black Friday"?
I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.
My suggestion is to hold it until cryptocurrency is bullish, I don't really understand about whether we can insuring the crypto assets. In 2018 I have not experienced a loss on Bitcoin because my experience and analysis said that in 2018 Bitcoin will have a downward trend so I secure my money to Fiat and trade in several altcoins that have good growth. I decided to hodl since the middle of the year, was pretty tired of following this rigmarole. Now I'm sad to see the current rates.
I heard there's kinda insurance schemes for saving your assets, does anyone know more? Like everyone else, I'm waiting for Christmas gifts, but I already wanna get some cushion from these adventures.
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