Many of you are in crypto to simply stack paper. Nothing wrong with that, and happy to help:
- Make sure you buy your crypto using a reputable exchange like Coinbase, Kraken or Binance
- Let the exchange hodl onto it for you
- Setup 2Factor authentication to secure your account (not SMS)
- Do your best to sell at the top of the next manic bull run and laugh all the way to the bank
Until recently, I would never advise allowing an exchange to custody your crypto. And most people in crypto today still won't.
For the past few market cycles to many exchanges got hacked, had security flaws and couldn't be trusted. But the industry has matured. Some might say these crypto exchanges are more reputable than the financial institutions hodling your stonks.
That being said, the reason the crypto market cap is $400B and quickly growing to Trillions is because crypto is useful. Not just for wealth creation but wealth preservation and crypto is the ultimate hedge against "the system" that's clearly screwing us.
Cryptocurrency is a supermassive black hole swallowing the financial system and soon to eat every industry one by one the same way software has the past few decades.
If you're looking for a way to preserve your wealth and amplify your freedom, don't just trade crypto - use it. And using crypto means taking custody of it. Hodling onto it yourself. Being responsible for your hard earned money in a way no one can freeze it, take it from you or tell you what you can or can't do with it.
With this great power comes great responsibility. It will take time to learn how to use crypto for more than just making money, but freedom is worth it.
To the moon 🚀 — @GΞR฿Z Founder & Creator @ BitLift
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