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The best part about storing your crypto in a cold wallet long term is how it's worth dramatically less cash when you exchange back.
by criley2 4y ago
The best part about storing your crypto in a cold wallet long term is how it's worth dramatically less cash when you exchange back.
- DennisP 4y agoYes, its value can change, but at least it doesn't just disappear because some other idiot made bad investments.
- dns_snek 4y agoI don't know what you consider "long term", but if you asked anyone who stored their wealth in a cold wallet before 2020 they would be at worst, a couple % up right now. The vast majority would likely be up at least 100%. These completely mindless dunks on crypto on HN are getting out of hand. You can say it's not scalable, or that it doesn't have a future for A, B, C reasons, or any other number of valid complaints. But instead they've devolved to the most degenerate falsehoods that can be disproven with a single look at the long term chart.