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<blockquote data-quote="Faceplanted" data-source="post: 4600476" data-attributes="member: 56697">You’ve been investing in crypto since 2016 and still don’t understand the basics.&nbsp; You sound like one of those “what if they hack Bitcoin” people&nbsp; This is what I’m saying here.&nbsp; You don’t put your trust in an exchange.&nbsp;&nbsp; There are numerous exit points out of crypto, on top of that, places like ampx sell gold and silver for btc.&nbsp; ETH network is more secure than any legacy network, this is literally the point of blockchain.&nbsp;&nbsp; Let’s look at these 2 option.1.&nbsp; Hold 120k in a Bank of America account2.&nbsp; Hold 120k worth of dai token In a cold wallet where you have actual possession of your private keysI would choose option 2 any day.&nbsp; i am saying option 2 is better because you are not depending on 1 single failure point (your bank).&nbsp; People have had issues trying to make large withdraws or even gaining access to their safe deposit boxes during the lock down.&nbsp; Appointments had to be made and banks were not running at full capacity.&nbsp; I would much rather have access to all of my money, and not depend on a banknumerous governments around the world at one time or another have limited bank withdraws, actually taken portions of people’s accounts away, frozen peoples accounts due to “suspicious activity” changed policy and put large taxes on withdraws.&nbsp; These things have happened and will happen again.it’s not far fetch at all to think that very soon, depending on witch group is in power, a donation from your bank account to a group like blm or an alt right group can result in your account being frozen and the funds seized Pending investigation for terrorism.this cannot he done to your crypto on a hardware wallet.you’ve been in crypto since 2016 and I guarantee you are a disgusting Nolinker.</blockquote>

[QUOTE="Faceplanted, post: 4600476, member: 56697"] You’ve been investing in crypto since 2016 and still don’t understand the basics. You sound like one of those “what if they hack Bitcoin” people This is what I’m saying here. You don’t put your trust in an exchange. There are numerous exit points out of crypto, on top of that, places like ampx sell gold and silver for btc. ETH network is more secure than any legacy network, this is literally the point of blockchain. Let’s look at these 2 option. 1. Hold 120k in a Bank of America account 2. Hold 120k worth of dai token In a cold wallet where you have actual possession of your private keys I would choose option 2 any day. i am saying option 2 is better because you are not depending on 1 single failure point (your bank). People have had issues trying to make large withdraws or even gaining access to their safe deposit boxes during the lock down. Appointments had to be made and banks were not running at full capacity. I would much rather have access to all of my money, and not depend on a bank numerous governments around the world at one time or another have limited bank withdraws, actually taken portions of people’s accounts away, frozen peoples accounts due to “suspicious activity” changed policy and put large taxes on withdraws. These things have happened and will happen again. it’s not far fetch at all to think that very soon, depending on witch group is in power, a donation from your bank account to a group like blm or an alt right group can result in your account being frozen and the funds seized Pending investigation for terrorism. this cannot he done to your crypto on a hardware wallet. you’ve been in crypto since 2016 and I guarantee you are a disgusting Nolinker. [/QUOTE]

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