Quote:
Originally Posted by slapass
I stand corrected. I bought at $23 each. I had 17 and sold at thousand as they were on al old hard drive. I got lucky, I did not think it was viable then and maybe it has gotten better. I know the last time I tried to trade them, it took days to settle. Seemed stupid. I hope it is better.
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things are always improving, so if you're not using for years there are lots of systems built around/ontop of Bitcoin.
But you can't be reckless with your Bitcoin.
A dumbass like Peter Schiff loses his private keys & says Bitcoin is broken rather than holding himself accountable for the loss. Holding/securing your private keys is the most important thing about keeping your Bitcoin safe. There is no bank insurance because remember, this is for those of us who want to "be our own bank" and cut out 3rd party bullshit. (no/less fees, no permission to use our own money, no weekend/holiday closings, etc etc)
Also, do not store Bitcoin on exchanges, this is not p2p, this isn't how BTC was meant to be used. If you send from exchange wallet to somewhere else, you must rely on that 3rd part exchange to approve and release your Bitcoin, it takes time. If you hold on Electrum/Trezor etc wallets , you send p2p , it would never take days, would take minutes, or an hour and would cost about 1 penny.
how were you sending before, when it took you "days to settle"?