Viewing a response to: @g-dubs/i-m-a-bittrex-hostage-what-it-means-for-you
@g-dubs thanks for the headsup. This really gives me the creeps since Bittrex is where I do most of my trades and it holds almost 25% of my entire crypto holdings. The problem in keeping coins in cold storage is that you can't trade when it's in cold storage and each time you have to pay transfer fee to moe it to an exchange and back. So I keep just that amount of cryptos in exchanges that I need to trade. I wonder if a decentralised exchanges would have an advantage over user controlled exchanges like Bittrex - ideally they should. My idea is to simply keep as much as I require only for trading on exchanges and move the rest to paper wallets.
| post_id | 19,766,182 |
|---|---|
| author | roji.abraham |
| permlink | re-g-dubs-i-m-a-bittrex-hostage-what-it-means-for-you-20171208t022438510z |
| category | bitcoin |
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I like your plan. I don't do a lot of trading so for me I try to keep a very high % offline. I shouldn't have kept as much as I did on Bittrex.
| post_id | 19,767,289 |
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| author | g-dubs |
| permlink | re-rojiabraham-re-g-dubs-i-m-a-bittrex-hostage-what-it-means-for-you-20171208t024324122z |
| category | bitcoin |
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@g-dubs : having a high percentage offline is a perfectly fine strategy as long as you're somebody who is willing to hold long term without trading. Honestly, I just don't have enough bitcoins to keep for the long term - so I'm just doing swing trades with some of the respected top 50 coins to increase my BTC holdings overall. Once I feel there's enough, I"ll just move it to paper wallet and then keep it for the next two years.
| post_id | 19,769,333 |
|---|---|
| author | roji.abraham |
| permlink | re-g-dubs-re-rojiabraham-re-g-dubs-i-m-a-bittrex-hostage-what-it-means-for-you-20171208t031649018z |
| category | bitcoin |
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