I have some Bitcoin - bought through, and sitting with, CoinCorner, whom you recommended.
But I'd like to have some on a memory stick. I feel embarrassed to say that I don't know how to. Have you at any time done a video showing how to? And if not, would you consider doing one?
I have helped many people like yourself set up cold wallets in person in my profession capacity. The main point is it is vital that you don't let anyone, including me or anyone else who might help you, see the seed words you will write down. I'll Connect on LinkedIn and you can check my credentials, if you are still struggling to do it on your own.
I have in fact bought a cold wallet and worked out how to transfer some Bitcoin to it, but I do have a couple of questions which you might be able to help me with?
I can answer questions yes. I help people with all sorts of crypto issues. Dominic is right to warn you to be cautious. This is why I gave you advice never to share your seed words with anyone, whoever you choose to help you.
I have been watching a few videos on how to use a 'cold' wallet and Uphold is mentioned a few times. Do you know anything about it? It sounds a bit like Revolut, but is there an anything more to it?
The job of the fca is to keep us poor and limit our choices - the fact we can’t buy BTC etfs, or BTC in our isas, but that we can buy the multitude of dogshit companies that make you lose massive amounts of money through malpractice and deception (see dgi9 or Petrofac for example) is very telling.
Hey Dominic, nice little story. Does Steve like XRP- it seems to be making some very big partnerships and seems to be more suited to institutional transactions rather than Bitcoin which is more like digital gold. Keep us updated when Steve buys a house!
An enjoyable Sunday thought piece Dominic. When I lived in Greenwich friends and I would visit the Tunnel Club and Up The Creek to watch stand up comedy. I may even have seen 'Steve' perform.
I realise there are some restrictions on crypto currencies imposed by the FCA, however, there is nothing stopping UK retail investors from opening an account with Coinbase and buying BTC and other crypto. I opened an account with them without any difficulty.
Isn’t there a danger your bank could lock your account when they see a transfer to a crypto exchange? To protect against “fraud” and “money laundering” of course. They wouldn’t do it to punish you for a lack of faith in fiat would they?
Anyway if you use Revolut instead they can’t tell whether your buying crypto, metal, shares or just groceries.
Interesting. I had no difficulties with my Lloyds current account. I've never used Revolut but everyone tells me it's an excellent service.
I think the biggest risk for Crypto currency investors is an authoritarian government simply banning it because it's a threat to their fiat currency monopoly and their ability to borrow to fund themselves. However, the more governments and corporate treasuries invest in Crypto the less likely this becomes.
My suggestion is use it for investing or use it for spending but not both. You don’t want to be in a situation where a scammer gets your card details and uses it to drain your hard earned savings. Theoretically Revolut would make you whole, (if you trust them to), but who needs the Aggravation and stress.
Personally I’d rather be a property seller than a buyer in the UK right now. But if you must buy think about getting as large a mortgage as possible on the longest fixed rate term you can get. This is also a hedge against money printing.
Even comfortably number than tulip bulb spec fever.
Steve Miller sings, & the newrotic, same as the oldrotic shows, the advice that potted im/plants (welcome my son - welcome to the machine 🎶) won’t, can’t, take:
Do you think he still has a boat? Or that he wasn’t always in steerage (snip-snip … moo!) on the Titanic & partying like it was the “still-good” portion of 2008?
Remember Tiny Tim? Crypto Thru The Tulips?
Orchids are cool, too.
But cryptorchidism, the un-descent of man, makes superfluous, even as it retains the snip-snip result (“spay & neuter immediately please”).
I’m reading, trying to figure out how to use, Spitznagel’s Safe Haven:
Dominic
I have some Bitcoin - bought through, and sitting with, CoinCorner, whom you recommended.
But I'd like to have some on a memory stick. I feel embarrassed to say that I don't know how to. Have you at any time done a video showing how to? And if not, would you consider doing one?
Best wishes
Tim
Tim,
I have helped many people like yourself set up cold wallets in person in my profession capacity. The main point is it is vital that you don't let anyone, including me or anyone else who might help you, see the seed words you will write down. I'll Connect on LinkedIn and you can check my credentials, if you are still struggling to do it on your own.
Sam
Hi Sam
Very kind of you to get in touch about this.
I have in fact bought a cold wallet and worked out how to transfer some Bitcoin to it, but I do have a couple of questions which you might be able to help me with?
I would not recommend doing this
Thank you, Dominic - I get your drift
I can answer questions yes. I help people with all sorts of crypto issues. Dominic is right to warn you to be cautious. This is why I gave you advice never to share your seed words with anyone, whoever you choose to help you.
Thanks Tim. I can do one, but there are loads of videos online. Trezor or Ledger are the starting points. Then How to use ...
I have been watching a few videos on how to use a 'cold' wallet and Uphold is mentioned a few times. Do you know anything about it? It sounds a bit like Revolut, but is there an anything more to it?
Thank you, Dominic.
I will, as you suggest, start by reading up on Trezor and Ledger.
check out https://x.com/BTCsessions
The job of the fca is to keep us poor and limit our choices - the fact we can’t buy BTC etfs, or BTC in our isas, but that we can buy the multitude of dogshit companies that make you lose massive amounts of money through malpractice and deception (see dgi9 or Petrofac for example) is very telling.
“For our protection” they say, my ****
Amen
Hey Dominic, nice little story. Does Steve like XRP- it seems to be making some very big partnerships and seems to be more suited to institutional transactions rather than Bitcoin which is more like digital gold. Keep us updated when Steve buys a house!
Will do. No Ripple for him!
An enjoyable Sunday thought piece Dominic. When I lived in Greenwich friends and I would visit the Tunnel Club and Up The Creek to watch stand up comedy. I may even have seen 'Steve' perform.
I realise there are some restrictions on crypto currencies imposed by the FCA, however, there is nothing stopping UK retail investors from opening an account with Coinbase and buying BTC and other crypto. I opened an account with them without any difficulty.
Matthew
Zermatt.
Isn’t there a danger your bank could lock your account when they see a transfer to a crypto exchange? To protect against “fraud” and “money laundering” of course. They wouldn’t do it to punish you for a lack of faith in fiat would they?
Anyway if you use Revolut instead they can’t tell whether your buying crypto, metal, shares or just groceries.
I've known people to whom that has happened.
Interesting. I had no difficulties with my Lloyds current account. I've never used Revolut but everyone tells me it's an excellent service.
I think the biggest risk for Crypto currency investors is an authoritarian government simply banning it because it's a threat to their fiat currency monopoly and their ability to borrow to fund themselves. However, the more governments and corporate treasuries invest in Crypto the less likely this becomes.
I've used Revolut and it works. I just don't trust Revolut!
My suggestion is use it for investing or use it for spending but not both. You don’t want to be in a situation where a scammer gets your card details and uses it to drain your hard earned savings. Theoretically Revolut would make you whole, (if you trust them to), but who needs the Aggravation and stress.
good advice
Thanks Matthew - lucky you being in Zermatt. Yes, the issue of sending money to exchanges doesn't seem as bad as it was.
Personally I’d rather be a property seller than a buyer in the UK right now. But if you must buy think about getting as large a mortgage as possible on the longest fixed rate term you can get. This is also a hedge against money printing.
Yes. That is what property was until maybe a couple of years ago (and probably will be again at some point)
Bitcointelpro.
Even comfortably number than tulip bulb spec fever.
Steve Miller sings, & the newrotic, same as the oldrotic shows, the advice that potted im/plants (welcome my son - welcome to the machine 🎶) won’t, can’t, take:
https://www.youtube.com/watch?v=-WCFUGCOLLU
https://www.youtube.com/watch?v=4VdMdboymT8
https://www.youtube.com/watch?v=8R13NZ3yw4Y
Remember this guy? He bit down hard on the cointel coin of the realm, too. “Now I have a boat!” :
https://www.youtube.com/watch?v=MesrrYyuoa4
Do you think he still has a boat? Or that he wasn’t always in steerage (snip-snip … moo!) on the Titanic & partying like it was the “still-good” portion of 2008?
Remember Tiny Tim? Crypto Thru The Tulips?
Orchids are cool, too.
But cryptorchidism, the un-descent of man, makes superfluous, even as it retains the snip-snip result (“spay & neuter immediately please”).
I’m reading, trying to figure out how to use, Spitznagel’s Safe Haven:
https://www.wiley.com/en-us/Safe+Haven%3A+Investing+for+Financial+Storms-p-9781119401797
So far that figure-chain is blocked.
Here’s a piece MS wrote about the cryptocurrs:
https://infinitebanking.org/banknotes/why-cryptocurrencies-will-never-be-safe-havens/
SPCA … “prevention”? Or “propagation”?
Timing the next to the last greater fool is a fool’s errand. Sell it. Only then will the turnaround comic life be made manifest.
Wait too late as so many must do will make manifest the tragicomic turnstile ka-ching that whacks those undescended balls.
(If undescended balls are whacked in a forest, does Gump still trump?)
Sail on sailor
https://www.youtube.com/watch?v=-dWzSPf0Y30
I’m a sailor
https://www.youtube.com/watch?v=YrbY4hsNh64
Ulysses
https://www.youtube.com/watch?v=CEJUWsHLTeI
Tulips, orchids & flowered chicken
https://www.youtube.com/watch?v=9nFrp7Z9wEU
Call of the wild collateral
https://www.youtube.com/watch?v=JlcX_GXtf40