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The next Bitcoin halving is coming...

Rod

Administrator
Staff member
Joined
Jan 4, 2001
Messages
10,313
Get ready.

Every previous halving has resulted in tremendous growth. Will be interesting to see what this halving brings.

I use Robinhood for trading stocks and cryptocurrency as it's not only secure, but very cheap. Stock trades are free, and crypto trades are rather cheap as well. Definitely cheaper than using an exchange. Only thing is your coins stay in a cold wallet, and you're not able to move them out, so it's for investment purposes only, which is exactly what I want.

Here's the link: https://join.robinhood.com/rodl7

If you sign up, you and I each get a free stock. Just full disclosure. That's not the intention for this post, other than discussing the upcoming halving and tracking it. I believe it's going to cause Litecoin, Ethereum and the many alt coins to jump significantly as well.

Let's see where it goes...
 
@Rod what protections does crypto offer in the case of lost funds due to a hack or mismanagement?
 
You don't have access to the crypto wallet on Robinhood, therefore you can't use your cryptocurrency to purchase stuff or move it between exchanges. That there is huge. The majority of coins are held in cold storage. Additionally, I use multifactor authentication for added security.

Here's some more info: https://robinhood.com/support/articles/360001284463/cryptocurrency-security/

I would be very cautious about buying on an exchange, even though they are very secure. I prefer the idea of investing in the currency with no ability to actually spend/move it between exchanges. If I bought on an exchange, I'd probably transfer it to a paper wallet.
 
You don't have access to the crypto wallet on Robinhood, therefore you can't use your cryptocurrency to purchase stuff or move it between exchanges. That there is huge. The majority of coins are held in cold storage. Additionally, I use multifactor authentication for added security.

Here's some more info: https://robinhood.com/support/articles/360001284463/cryptocurrency-security/

I would be very cautious about buying on an exchange, even though they are very secure. I prefer the idea of investing in the currency with no ability to actually spend/move it between exchanges. If I bought on an exchange, I'd probably transfer it to a paper wallet.

So let's say you're ready to sell, how would you do that, on Robinhood?
 
The risk disclosure on that page is hilarious. You've got some bowling balls, man.
 
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