Storing your Bitcoin in cold wallet, besides from the added security, also helps deter you from selling purely out of fear when there is a flash crash.

Speaking from experience, by the time I see the crash, to deciding to sell, to having managed to move the Bitcoin from cold wallet to the exchange, the crash is already over and Bitcoin is already climbing back up.

And I managed to keep all my Bitcoins instead of having sold them on the cheap in the spur of the moment out of irrational fear.

Just like now.

https://preview.redd.it/ftg0k5e4hk161.png?width=3750&format=png&auto=webp&s=5a1d80096fe23e58c7895ac2553501b6155b7b06



Submitted November 26, 2020 at 04:08PM by SuckingOffaBitcoin https://ift.tt/2JcC4d2

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