Crypto lounge thread
- Thread starter Ocelot
- Start date
100% scam. Any crypto you send will be gone forever.
Most certainly a scam.
The bankruptcy of crypto-lender Genesis could lead to the liquidation of the 600K+ BTC held by it's sister company Grayscale. Greyscale also holds towards 10% of ETH. Though there are two companies trying to take over the control of Grayscale. The begining of Mt. Gox bankruptcy disbersments has been pushed back to after April 2023.
There was an article in ZeroHedge, which suggested that the recent really is thin. Seems to be the case.
There was an article in ZeroHedge, which suggested that the recent really is thin. Seems to be the case.
I just came across a telegram channel that's organizing people and taking donations to protect users against possible retail clawbacks due to the Celsius debacle. Apparently, they'll force people who withdrew money 90 days before they stopped withdrawals to return the funds.
I sure would like a few more years to stack
Won't be any protection from it. The lawyers doing the claw backs will make millions though.
I sold most of these paper related BTC products and miners, but not all. Since I think we have one last big drop down, should I just eat it and sell them all while the price is reasonable? I'm thinking so. At least then I can have my big paper losses so it means much less when I make it on the way back next year and beyond ...
Mikeyd03
Woodpecker
I took some profits at .25. Next up doge.
IM3000
Kingfisher
@Cynllo: So I got the Safepal. Looks easy enough to use. One thing I couldn't figure out/understand so far: I paired it with my phone via the app. Send some coin from an exchange to it. It appears on my phone but not on the wallet. I understand that this is because the wallet is offline. That said, I don't fully get it yet. Does this mean that the keys are also stored on my phone and if so, why would I need the hardware wallet in the first place? Please excuse my ignorance but I'm not a tech guy. Thanks.I've found Ledger is much worse. Very cumbersome. Prone to failing. Glitchy app and they also have bad support for most currencies. I.e. they may support a currency, but you need to use a 3rd party app to do anything with it. Safepal supports pretty much everything in their app. Also much easier to do anything with DeFi, DEXs.
Adding to the last posts in The BTC thread, looks like another clunk down could be coming.
Crypto Meltdown Continues As Genesis Is Reportedly Filing For Bankruptcy This Week
Since late last year, Genesis showed signs that it was struggling to stave off the negative impacts of the prolonged crypto winter that sent most crypto prices to their new lows.www.ibtimes.com
No, the private keys are stored on the hardware device, the QR image you scan contains the signed transaction which is then broadcast by the APP. The addresses and perhaps xpub is stored on the phone, to retrieve current balances.
IM3000
Kingfisher
Thanks for the explanation. So, does this mean that my transactions never appear on the hardware wallet? It's a bit confusing because you can actually look up the transaction history on it.
Im assuming the QR code sent to the hardware wallet from your phone contains the unsigned transaction information, the hardware wallet uses the stored private key to sign, and transfers the signed transaction back to the phone via QR code. Perhaps the hardware wallet stores all unsigned transactions that were historically added to it.
I think the most secure way for more intermediate plus users is to use private key import.
I am a bit uncertain about these seed phrases. Though they do provide you with the comfort of having one 12/24 word string to access the maybe 50 chains SafePal supports.
And there is also the question of what happens if SafePal goes under. If you loose the wallet or it breaks you need another one to restore your wallets.
Oh, I see it also has a function to export private keys -
Here are the instructions to import by private key -
There is also a browser extension -
SafePal Extension | Manage & Access Your Favorite DApps, Uniswap, AAVE, PancakeSwap, and more
SafePal is the best crypto wallet to secure and manage cryptocurrencies and NFTs, such as Bitcoin, Etherem and ERC20 tokens, BNB, and BAYC. You can easily swap, bridge, trade and yield crypto APY. SafePal wallet is fully available on mobile, browser and offline device. Download SafePal and own...
Looks like a correction down to $20K.