Now it is very a good moment to use a ridiculous part of the profits to buy a hardware wallet anyone that doesn't already have one.
I will never cease to insist on the importance of this issue. Even if you are already using paperwallets you need to try hardware wallets if you haven't already done so. Really. You will thank me later.
I have the idea that the more people "invest" in hardware wallets the better for the price as it has some additional impact on how many Bitcoins are withdraw from the exchanges. Less supply on the exchanges is good and also makes additional pressure on exchanges not incurring in shady fractional banking with user's Bitcoin deposits.
* I am in no way affiliated with any of the manufacturers. Trezor or Ledger Nano S will both serve you well.
^^^
Excellent advice and everyone should take it.
Also, less money on exchanges = less of a panic drop in price when the next inevitable exchange hack happens.
Yep.
Some people think that spreading their bitcoins on several exchanges minimizes the risk of loss and while that is true in part, it does nothing against helping prevent fractional banking.
Also some people think that paperwallets are good enough and don't want to take a look onto hardware wallets for some reason or another. But they don't realize that hardware wallets are not only more convenient (less cumbersome) than paperwallets but also more secure as they avoid the necesary step of introducing the private key onto a computer when then time to retrieve the funds come.
A hardware wallet is a MUST for anyone with more than one single BTC. Maybe even for someone with less than that as I am almost sure that once he experiences the great usability it offers he will be encouraged to buy more BTC
Once hardware wallets become more mainstream the price will skyrocket.
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