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VANITY: Question for anybody who has moved Bitcoin to cold storage
June 16, 2024 | E. Pluribus Unum

Posted on 06/16/2024 3:10:58 PM PDT by E. Pluribus Unum

I would like to move some Bitcoin to cold storage, but the thought of doing it wrong and losing it forever scares the Obama out of me.

If you have done it, how did you do it, how do you store the wallet, and what is the possibility of messing it up and losing it forever?


TOPICS: Computers/Internet
KEYWORDS: bip39; bitcoin; btc; coldstorage; currency; money; seedphrase; vanity
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1 posted on 06/16/2024 3:10:58 PM PDT by E. Pluribus Unum
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To: E. Pluribus Unum

Well I published a paper on packaging for cold chain distribution but that was for medical products not Bitcoin.


2 posted on 06/16/2024 3:15:07 PM PDT by packagingguy
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To: E. Pluribus Unum

I wish I could help you but the thought scares the Obama out of me.


3 posted on 06/16/2024 3:17:57 PM PDT by Racketeer
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To: E. Pluribus Unum

It’s all about remembering (writing down) the ten-twelve random words associated with your wallet. If you have those, you have your money. Lose them, and you just dropped your wallet full of cash on the street.


4 posted on 06/16/2024 3:25:08 PM PDT by NurdlyPeon (It is the nature of liberals to pervert whatever they touch.)
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To: E. Pluribus Unum; algore; aMorePerfectUnion; amorphous; Andyman; ARGLOCKGUY; abishai; Betty Jane; ..

If YOU would like to be on a CRYPTO PING LIST, please pm me.

The Crypto Ping List covers the following:

Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.

CAN ANYONE LEND HIM A HAND??

5 posted on 06/16/2024 3:31:04 PM PDT by aMorePerfectUnion (πŸ¦… MAGADONIAN βš”οΈ )
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To: E. Pluribus Unum
Ledger works well for me. Not sure I would put a billion dollars worth of crypto on it but for smaller amounts it is straightforward to use and I had no trouble transferring a balance from Coinbase.
6 posted on 06/16/2024 3:35:33 PM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: E. Pluribus Unum

I was too scared to try it with mine.


7 posted on 06/16/2024 3:41:33 PM PDT by Codeflier (Don't worry....be happy)
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To: Mr. Jeeves

Thanks.


8 posted on 06/16/2024 3:44:46 PM PDT by E. Pluribus Unum (The worst thing about censorship is β–ˆβ–ˆβ–ˆβ–ˆβ–ˆ β–ˆβ–ˆ β–ˆβ–ˆβ–ˆβ–ˆ β–ˆβ–ˆβ–ˆβ–ˆ β–ˆβ–ˆβ–ˆβ–ˆ β–ˆ β–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆ β–ˆβ–ˆβ–ˆβ–ˆ. FJB.)
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To: E. Pluribus Unum

(scares)

πŸ˜‚πŸ€£πŸ€£


9 posted on 06/16/2024 3:52:07 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: E. Pluribus Unum

(scares the Obama)

I think they are Legion.


10 posted on 06/16/2024 3:54:01 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: E. Pluribus Unum; All

Thee ARE Bitcoin etf’s...


11 posted on 06/16/2024 3:57:22 PM PDT by mozarky2 (Ya never stand so tall as when ya stoop to stomp a statist...)
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To: mozarky2

Owning Bitcoin ETF shares is not the same thing as owning Bitcoin.


12 posted on 06/16/2024 3:59:39 PM PDT by E. Pluribus Unum (The worst thing about censorship is β–ˆβ–ˆβ–ˆβ–ˆβ–ˆ β–ˆβ–ˆ β–ˆβ–ˆβ–ˆβ–ˆ β–ˆβ–ˆβ–ˆβ–ˆ β–ˆβ–ˆβ–ˆβ–ˆ β–ˆ β–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆ β–ˆβ–ˆβ–ˆβ–ˆ. FJB.)
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To: E. Pluribus Unum

Once power is gone and there’s no more internet, it’s all gone anyways.


13 posted on 06/16/2024 3:59:48 PM PDT by Bulwyf
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To: Bulwyf
Once power is gone and there’s no more internet, it’s all gone anyways.

How will that be different from banks and credit card companies when power is gone and there's no more internet???

14 posted on 06/16/2024 4:02:49 PM PDT by E. Pluribus Unum (The worst thing about censorship is β–ˆβ–ˆβ–ˆβ–ˆβ–ˆ β–ˆβ–ˆ β–ˆβ–ˆβ–ˆβ–ˆ β–ˆβ–ˆβ–ˆβ–ˆ β–ˆβ–ˆβ–ˆβ–ˆ β–ˆ β–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆ β–ˆβ–ˆβ–ˆβ–ˆ. FJB.)
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To: Bulwyf

It is worldwide
And if the power goes out, the record of ownership is stored until the power comes back on.


15 posted on 06/16/2024 4:17:29 PM PDT by aMorePerfectUnion (πŸ¦… MAGADONIAN βš”οΈ )
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To: E. Pluribus Unum

Expletives shouldn’t be capitalized unless they are all CAPS.

;-)

Can’t help on the BC.


16 posted on 06/16/2024 4:23:27 PM PDT by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
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To: E. Pluribus Unum

https://www.investopedia.com/articles/investing/030515/what-cold-storage-bitcoin.asp


17 posted on 06/16/2024 4:25:18 PM PDT by catnipman ((A Vote For The Lesser Of Two Evils Still Counts As A Vote For Evil))
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To: aMorePerfectUnion

It’s not coming back.


18 posted on 06/16/2024 4:32:39 PM PDT by Bulwyf
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To: E. Pluribus Unum

It will be about the same. I’m playing the devil’s advocate here, just making sure people see the big picture. We are headed right into a wall.


19 posted on 06/16/2024 4:33:28 PM PDT by Bulwyf
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To: NurdlyPeon

Some German guy lost $300 million in bitcoin because he forgot to write down his combination.


20 posted on 06/16/2024 4:33:28 PM PDT by Jonty30 (He hunted a mammoth for me, just because I said I was hungry. He is such a good friend. )
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