Few lessons there.
I have a few Cardano coins (ADA) which I hold off-line in a secure drive.
The only time I open that wallet is when I transfer bought coins into it.
I know it is a different issue to the topic here, but we need to be very vigilant with all of our dealings with Crypto coins.
This is new to many of us and the risks are enormous.
Already many millions of dollars have been stolen in hacking attacks.
There are approximately 4 million BTC “missing” from the count.
No one knows where they are because they have been stolen.
That begs the question: are they included in the count of 17,495,850 or not?
Are there really 21+ million BTC or 13+ million BTC?
And is the loss of these coins reflected in the current price of BTC?
As I am not a trader, but a buy-and-hold with these for the long haul, this question needs to be answered.
Having 4 million coins out of the currently quoted 17+ million represents nearly 23% of the supply.
I would be a bit nervous if I paid current prices for BTC and soon found out my holdings are actually going to take a 23% haircut.
But getting back on topic - the mind boggles that Bitfinex could actually hand over $850mil to a Panama (dodgy) company without a contract or any sort of paper trail.
This reeks of back-room deals and insider crime.
I guess I will leave it to others to speculate, but when the movie comes out, the “Wolf of Wall Street” will look like a child’s bedtime story!
I find it remarkable that Tether is holding its price, despite this scandal.
Maybe I have missed something.
Thanks for the heads-up BillyBobPimpton