crypto currency

[QuarterMillionMan]

I'll try to explain what ua_guy is referring to but my knowledge is very limited and maybe someone else can chime in but Ledger is closed source, Trezor is open source meaning my address is available to anyone to verify the transactions. But as long as I don't send my cryptos to another address scammers won't be able to hack into my address to take my bitcoins. Is that what you were referring about? I've already ordered my Trezor last night from the official website. And as long as it is factory sealed and not tampered with, I will be able to sleep well at night. But if has been tampered with I will send it back.

[ua_guy]

What sounds like a scam?

Well, most of Crypto, honestly, but open-source hardware wallets get a lot of folks robbed on the internet unless you absolutely know what you're doing. Most people just follow the hype.

[disneysteve]

Sounds like a scam. ?

What sounds like a scam?

[ua_guy]

Sounds like a scam. ?

[QuarterMillionMan]

It's time for me to get another cold storage wallet such as Trezor due to my Ledger amount getting quite high. If anyone here has a Trezor refer a friend promo link let me know before I sign up.

[QuarterMillionMan]

Testing different pay methods such as Topper (lowest fees), Sardine, etc. But the fees are the least of my concerns. It's the spread that I look at. Try buying BTC on Coinbase which has a huge spread. If BTC is at $82,000 as it is right now and you buy from Coinbase they raise their spread to where you are buying it at $83,000 plus a 2% fee. On Ledger the spread is at about $82,500.

[QuarterMillionMan]

I've been actively buying BTC $200 - $400 whenever it seems like a drop.

[QuarterMillionMan]

Ledger is driving me nuts where I can only buy $300 and under worth of bitcoin. Whenever I try to make a big purchase of $1000 or more it declines my debit cards. I have 2 linked accounts and both gets declined with large purchases. I even get the fraud alerts and agree to the purchases that it was in fact me making the purchses but my banks declines the purchases. Using a credit card is even worse including Apple Pay or Pay Pal.

[QuarterMillionMan]

ETH's market cap is $250 billion. XRP's is $240 billion. Just a few weeks ago it was 3/1, respectively. I think this month in March XRP will overtake ETH and become the 2nd largest by market cap. For comparison BTC is $1.7 trillion.

[QuarterMillionMan]

The 3 main cryptos are bitcoin, etherium, and XRP, everything else are just noise with the exception of a few others. Keep your eye on XRP w/a 17% weekly gain.

[QuarterMillionMan]

Should the BRICS decide to no longer accept king dollar as the world reserve currency or the Saudis refuse to take dollars for their oil and let's say only take the Chinese Yuan or bitcoin I will put the pedal to the metal get more bitcoin. I do not trust fiat currencies. It would happen overnight on a Friday and there would be a run on the banks on Monday where they'll be overrun and would lock their doors.

[disneysteve]

15% my net worth is $1 million. I got a little carried away. For gold/silver I have more than $100,000 worth so 10% in precious metals. I'll be taking my foot off of the gas pedal for now.

I asked about your portfolio, not your net worth, but that means it's even higher than 15% of your portfolio. Personally I think that's a lot to have tied up in a highly speculative asset but your risk tolerance is a lot higher than mine.

[QuarterMillionMan]

15% my net worth is $1 million. I got a little carried away. For gold/silver I have more than $100,000 worth so 10% in precious metals. I'll be taking my foot off of the gas pedal for now.

[disneysteve]

all total $150,000 in cryptos.

What percentage of your total portfolio does that represent?

[QuarterMillionMan]

Done buying BTC (90%) & XRP (10%) in my Roth IRA w/a .01 cent cash balance. In 2025, I contributed the max $8000 and tranferred another $52,000 custodian to custodian. If I combine my other taxable accounts (Coinbase, Robinhood, Ledger, etc), all total $150,000 in cryptos. Enough for now.