I really hate how nowadays crypto is seen more as a stock then an actual currency.

@paradiseexpress3639

Жыл бұрын

It's only seen as a stock by people who don't actually use it

@theotherohlourdespadua1131

Жыл бұрын

Because that is how it is being sold to the public...

@toxiccan175

Жыл бұрын

Because the majority of interest in it is currency trading and speculation. Crypto won’t usurp controlled centralized currencies if the controllers can help it

@marcogenovesi8570

Жыл бұрын

@@paradiseexpress3639 the point is that nobody actually uses it, so it's only traded as stock or used for tokenomics

@steel5897

Жыл бұрын

Crypto investors are all moonboys, no one cares about actual use-case or the metaverse or any other BS like that. Someone I know worked on an utility project for scanning NFT collections and spotting undervalued listings and such, hunting for certain traits, and other useful things. The tool had a specific currency attached to it that you had to hold and burn to use the tool's features. Long story short, the value of that coin went up and up and up and up before the tool was even released, but the moment the tool released and it became an actual product, the coin TANKED and kept tanking and never recovered. It turns out less than 5% of holders were actually interested in using the tool, the other 95% were moonboys looking to get in early and get out with profit at the "top" (aka when the tool launches). Moral of the story is, crypto is the most speculative bullshit in existence, it's not about use-case or an actual product at all, it's all tulip mania shit.

Investing is a way to set aside money while you are busy with life and have that money work for you so that you can fully reap the rewards of your labor in the future. Invest wisely.

@kennybrown9376

Жыл бұрын

Of course, good and profitable signals are the major key to successful trading.

@davidg.prater

Жыл бұрын

There is an opportunity for newbies to capitalize on, It's quite a shame people can't see this, trading is everything right now.

@edinsontah595

Жыл бұрын

It always success with Gregory Dubravko.

@marvinkrischna8400

3 ай бұрын

​@@edinsontah595 no

Runescape gold is a more trustworthy investment than 99% of cryptos

@lukemorgan6166

Жыл бұрын

Buying gf Buying gf Buying gf

@escre

Жыл бұрын

I would invest heavily in runescape commodities if RWT wasn't a bannable offense

@Aereto

Жыл бұрын

@@escre Or Jagex is aware of how abusable it is and hence why they stay away from RWT. With Crypto and NFTs, the company's prudence is proven to be spot on

If you don't own the private keys, you don't own the crypto. It's that simple. I don't know how people still don't get this. So many big exchanges have gone bust, hacked or scammed but people don't learn and keep $$$$$ on exchanges. They literally don't know how to even send a crypto transaction!!! It's not like Electrum or Feather wallets are hard to learn. 30 minutes tops. Extra points for using on offset seed as a decoy 😁

@JamesWilson01

Жыл бұрын

@@neighbor4772 That was my answer too until a few months ago when I tried Feather. If you like Electrum, Feather's basically the Monero version.

@su8z3r03

Жыл бұрын

My oh my....And if your private keys were stolen, Then what could you do?

@JamesWilson01

Жыл бұрын

@@su8z3r03 Make sure you have backups and that they are encrypted with a very strong password! If you mean the human-readable seed written on papaer, have a look into a feature called passphrase offset. It's very cool and allows you to make a decoy low value wallet if someone reads the words on the paper but doesn't know the secret 😉

@Carnyzzle

Жыл бұрын

@@su8z3r03 Even if my keys get stolen, the way my hardware wallets works is that they won't be able to access anything unless they know what my seed phrase is

@genialisimo1

Жыл бұрын

I thing you should just keep a % of your crypto assets if you wanna stack/get some interest. Be it crypto or fiat if possible you should never have all your eggs in one basket

STOP USING CUSTODIAL WALLETS!! I'm tired of seeing them!! All my friends are using them! On Discord they're using it!

@alejomakevids

Жыл бұрын

thank god I left discord a couple of years ago. I feel more at peace.

@RERM001

Жыл бұрын

@@alejomakevids I got banned without warning on adam something's discord, never used it since.

@MixedVictor

Жыл бұрын

I was on a server right? AND ALL OF THE CHANNELS WERE ABOUT CUSTODIAL WALLETS!

@QmVuamFtaW4

Жыл бұрын

@@alejomakevids i got banned from discord for having sexual chat with the bot i made.....

@helper_bot

Жыл бұрын

exactly what i thought when i read the title, clicked because im interested to knowing crypto because after 5 years i still dont understand why people put transaction logs on the internet

As an Amish person, with no password manager, I approve of this video.

@sirjerearchive1342

Жыл бұрын

Why are you using a phone then?

@mikko8579

Жыл бұрын

🤨

@SirGarthur

Жыл бұрын

Getting woke, obviously.

@athanasiospapazoglou7310

Жыл бұрын

It's hard work and sacrifice , leaving in an amish paradise

@pictotalk

Жыл бұрын

@@athanasiospapazoglou7310 yup

"I lost x amount fiat currency" "I made x amount of fiat currency but didnt sell" enjoy your inflation

@LuisC7

Жыл бұрын

True, doing it for the money when it's gonna be worth nothing unfortunately more soon than I hope

The Bogdanoffs came back from the dead only to say "dump it" one last time

If you don't own the keys, you don't own the crypto. I hate that custodial wallets even exist. It's like having an encryption company keeping all your PGP keys for you

They want to make money from it. They don't care about the intended purpose.

@perz1val

Жыл бұрын

But what is the intended purpose? Crypto has horrendously expensive transaction fees, it's useless as everyday money.

@bhaalgorn

Жыл бұрын

@@perz1val please inform me of the transaction fees of layer 2s of ethereum, nano, monero. Learn about stuff before talking shit.

@BurgerKingHarkinian

Жыл бұрын

@@perz1val wrong. Just because BTC and ETH have (or had?) outrageous transaction fees doesn't mean that every cryptocurrency does.

@TehObLiVioUs

Жыл бұрын

that's what i saiddddd lollllllll 80% of people think of crypto as the numbers game, like a stonk

"They can't sell your stocks without your permission" - Tell that to Robinhood

@johnchristian7788

Жыл бұрын

I find it sad that there are still people who use Robinhood because of user interface.

@XaifaxVT

Жыл бұрын

@@johnchristian7788 It drives me nuts, I got a friend who I routinely bug with the latest crap they do or are found out about who just refuses to move over his portfolio.

"Not your keys, not your coins." - Max Keiser "It isn't clear to me the benefit of betting on a losing horse when the experience of history has shown us that there are only two real cryptocurrencies. So, listen to shitcoiners at your own peril." - Peter B. Jordanson

For storage of large amounts you should make an offline paper wallet (cold storage) which can only accept incoming payments until you connect it to the internet. That's the ultimate based method 👍

@franciskafieh

Жыл бұрын

This is a lot of effort, though... If you're investing big, try a Ledger or a Trezor. Secure if you upgrade frequently and don't give out your keys

@JamesWilson01

Жыл бұрын

@@franciskafieh I'll admit I haven't tried any commercial hardware wallet but making a paper wallet isn't difficult at all. There are webpages you can download and run offline that print the wallet for you. The difficult part is storing it securely but a bank safe is a good option for that, like it would be for gold etc.

@franciskafieh

Жыл бұрын

@@JamesWilson01 You're right, it's easy to make. Just talking about ease of transferring to sell, make payments, etc. Paper wallet is completely fine if your house doesn't flood and you're going to HODL. But honestly, crypto wallets are pretty cheap. If you're holding millions, you might as well pay a hundred bucks

@JamesWilson01

Жыл бұрын

@@franciskafieh They both have they're ups and downs. Once you take a paper wallet online to spend something it's now a hot wallet so you have to make a new paper one for cold storage. They're really only convenient for holding, which is what they're designed for. I don't know any real details of hardware wallets other than they're not free and you have to trust them but lots of people say lots of good things about them so there must be advantages there too!

@bearwolffish

Жыл бұрын

I feel you but paper is weak af. Brain is great but has similar issues. The fireproof/waterproof slabs with the tiles, are fully worth it if you have any real amount.

Custodial wallets are a ripoff. Most of them have such a high "minimum withdrawable amount" that even if you make some profit by trading you still can't withdraw it. Granted not all wallets do that stuff and you have to pay gas fees but the wallets that have this arbitrary restriction don't state that before you deposit your funds

@rasic7041

Жыл бұрын

@my real name i checked if i can cashout in my country on their site before using their app and it said i can. Now my account is mysteriously restricted after i dumped money on it and i cant sell. Avoid yourself the headache

shit, I lost 2 wallets back in the 2010's that had more than 2 btc I them because I didn't back anything up or write my info down, it haunts me sometimes...

Thank you for the advice as usual Kenny

Man, you are an educator, thanks for this video! I wish I have known you before

Thanks! You are like the tech savvy older brother I never had

I was in Voyager early on. I ended up dipping out after they never allowed me to transfer VeChain to my actual wallet even after multiple support tickets submitted. I left and keep everything on my actual wallet now. Glad I did.

@joeycommet45

Жыл бұрын

Live and learn.

6:20 But... but in Web 3.0 you don't need a password manager! Everything is decentralised! So the wallet knows to whom he belongs and who he does not belong! /s

@marcogenovesi8570

Жыл бұрын

It's all magic you know

@cd-yx3nv

Жыл бұрын

WHAT DOES /S MEAN I DONT UNDERSTAND I DONT UNDERSTAND I DONT UNDERSTAND I DONT UNDERSTAND I DONT UNDERSTAND I DONT UNDERSTAND I DONT UNDERSTAND THE VOICES THE VOICES THE VOICES THE VOICES THE VOICES THE VOICES

@miuzoreyes6547

Жыл бұрын

@@cd-yx3nv if you're serious, it's a reddit thing where you point out that the sentence is, indeed, sarcasm or a joke. At least I'm pretty sure that's what it means.

@spacepiracy1552

Жыл бұрын

@@cd-yx3nv sarcasm indicator either when you want to be obvious about it or are dealing with people who cant tell

@JohnSmith-zu2sy

Жыл бұрын

I HATE THE WEB 3.0! I HATE THE WEB 3.0! I HATE THE WEB 3.0!

>Password manager in (current year) My trusty pile of notebooks, with are inside a safe, buried beneath my dog's house, completely decimates your electrical gay box of spinning disks.

@marcogenovesi8570

Жыл бұрын

FBI: interesting.... (taking notes)

@gestucvolonor5069

Жыл бұрын

But how do you log into your accounts? You dig it up every time?

Just added this to our wallet playlist, keep up the great work!

doggydoogeroos to the moon

buy high sell low

0:45 this is the first time i've seen mental outlaw genuinely angry and it is the funniest shit ever LOL

@EulerJr_

Жыл бұрын

That part was funny asf 😂

"They're gonna auction off your doggy-doo coins." My favorite quote of the month.

Modern Money Crimes are so sneaky and public at same time! Pause all activity > File Bankruptcy > Escape with funds 💀

It's been nothing but exploits, outages, scams and massive crashes in the crypto market this year. Trust is hard to get and easy to lose. Combine that with actual global recession looming and I doubt this is even close to the bottom. I'm personally not going to hold anything through this, just going to keep some stables in exchanges to try some shorts (I don't recommend doing this)

@highbread817

Жыл бұрын

I've been trading for the last couple of years If you don't trade massive size then decentralized CEXs like DYDX are a pretty good option

@Fractal_32

Жыл бұрын

This year? Have you never looked into the past, I mean Mt. Gox is the first place my mind goes when it comes to trusting an exchange. (I’m highly critical of exchanges especially since they centralize a decentralized currency.)

@nathanbustamante1479

Жыл бұрын

Wut lmfao 99% of defi is stronger than ever , Eth has never had downtime….

@anythingbutASIC

Жыл бұрын

They wanted convienence and comfort what they got was more of the same.

I have been considering using a password manager (I don't really have any crypto, but for regular stuff). But I have not prioritized rabbit holin how they work. I guess you wouldn't want a cloud password manager, but a local one. But then you need a password to protect your passwords but I guess the one hard to remember password is better than a whole bunch of them. I am sort of waiting for the day some popular cloud password manager will have a breach and cause a big stir. Would love a video about password managers, maybe you have already made one and I should go find it. Keep up the good content!

I like how you do the hard thinking for us (:

Friendly reminder that there are people out there who hold their crypto on exchanges long term some even with a goal of holding for 5+ years so imagine a guy who had like 10 bitcoins that he purchased many years ago for reasonably cheap and he kept those coins on an exchange that went bankrupt without him even realizing as he's one of those who "buy and forget" peopel and one day when he decides to finally after many years check his account only to find out that it doesn't even exist anymore and his bitcoins are now gone.

@MCAndrew360

Жыл бұрын

ok?

I've always been kinda hesitant about password managers, but I think this video has pushed me over the edge to get one and start changing all my passwords and whatnot

Crypto bros are just actual chatbots at this point Thanks for making me use keypassSC btw, thanks to your videos I am now completely safe.

DON'T use safety deposit boxes. They get seized and "misplaced" all the time.

@jamesedwards3923

Жыл бұрын

I have a public playlist explaing this. Also, a lot of finanical institutions are moving away fromit.

I love that you are a crypto person who actually understands the point of crypto.

You trust a password manager to not have backdoors?

I like how certain platforms advertise defi on centralized exchanges

Kinda unrelated, but I gotta say that including a Fort Knox walk-in gun safe with an Atlas Survival Shelters sticker on it in your B-roll footage is pretty freaking based!

Going to five guys and getting tendies? Truly a cryptokiddy

NOT YOUR KEYS NOT YOUR COINS NOT YOUR KEYS NOT YOUR COINS NOT YOUR KEYS NOT YOUR COINS NOT YOUR KEYS NOT YOUR COINS

Hey dude nice video as always! Also a question, what do you think is the best email client? Thunderbird, Betterbird, Outlook, Mailspring, another one?

You helped me today, thank you.

The corgie clip was perfect.

The 0:46 part is a masterpiece. I can’t stop rewatching this

I`ll watch it later, but my like is already yours! Keep on!

I’m at work laughing way too hard. Gotta come back and watch this later 😭

I've been saying this for years. I keep all mine on the ledger. Big 🧠

>NOOOOOOOOO I lost my heckin cryptorinos

Damn your impression with the doggie doos had me rolling

could you share with us your IT journey? would love to know about your experience

Now, I'm no cryptographer yet, Im now just doing my Cryptography module but... I'm fairly sure the concept or learning points of crypto...is to secure your private key Secure your goddamn seed phrases Why is that so difficult to understand, especially if you're dealing with cryptocurrency Especially if you hold 2.5 million worth of cryptocurrency too

This just might be the year that trust is lost in crypto.

@AcidiFy574

Жыл бұрын

Remember the Freedom convoy incident

What password manager do you suggest? You have your ear to the ground when it comes to this. I'd like to know your opinion

Trezor is great, although the devices are pretty expensive to get started.

Ive become addicted to this channel

Even the original bitcoin wallet on your Windows PC is safer than custodian wallets xd I actually just got myself a ledger nano s and so far im pretty happy

Would you recommend putting encrypted backups onto a peer to peer storage? So in case the drive with the backup is lost in a fire you can still get it off of the peer to peer and restore it.

As soon as you said internet money i instantly went to south park when cartman made a viral video and wanted his internet money. Then the Mt gox meme of "and its gone".

I said this like 4 months ago, but it's even more true now that cryptobros are speedrunning the reason banking regulations exist

Preach!

The EU is currently working on banning non-custodial wallets

@DISASTERJOE

Жыл бұрын

lmao

@tjaytje

Жыл бұрын

i would like to see them try, they can and will never stop it!

@kdash2657

Жыл бұрын

Lel

@Jupiter__001_

Жыл бұрын

How would they achieve that without surveillance software on every computer? I guess they could use traffic analysis to detect cryptocurrency transfers.

@58geniusplayer

Жыл бұрын

@@Jupiter__001_ Don’t know, they want to force KYC on every non-custodial wallet😂

Lol I used voyager for like a month two years ago but never fully closed my account due to the fractions of a cent left over after I emptied all my money out, hoping that one day I’d be able to squeeze another cent or two out of the account lol. But more realistically I never open the app ever and only get emails from the company and watching them slowly go belly up has been actually very entertaining lmaoooo

>drop this video >btc also drops AAAAAAAAAAAAAH

@MentalOutlaw

Жыл бұрын

>XMR is up >Converts [REDACTED] XMR into [REDACTED] BTC always buy the dip anonymously.

@teleprototype

Жыл бұрын

@@MentalOutlaw Id rather yeet options contracts. Been doing great in both the bull and bear markets

Bitcoin only. Keep it off an exchange. Own your keys.

Could you do a new video on managing non-custodial wallets? :)

Louis Rossmann has Futo on stream rn, you can ask em questions if u want, figured you'd habe good questions Kenny

As soon as I saw that they were lending based on crypto . I knew it was going to blow up. Lending on a volatile currency has to be the dumbest idea anyone has come up with .

Outlaw, any chance you plan to do a video explaining to people the value a password manager brings to the table? I've gone straight back to writing them on paper, but I'm a weirdo.

@not_herobrine3752

Жыл бұрын

paper cannot get hacked, you are good

@user-hc4fh4ri9i

Жыл бұрын

you did the right thing. a phrase of 24 words is 256 bits. the chance to generate the same phrase as mine is 1:115,792,089,237,316,000,000,000,000,000,000,000,000,000,00 0,000,000,000,000,000,000,000,000,000,000,000,000. in the case of 12 words, the number is slightly less, but the chance of selection is still ghostly. this encryption method is incomparably better than your standard password, and when you hide a phrase behind a regular password, it can be easily found by brute force. but in the case of ordinary passwords for Internet services, it is worth using keepass, it is much better than one simple password for all sites, as it usually happens.

@groundfx5733

Жыл бұрын

A password manager is more secure than using the same password for everything, and more convenient that writing everything down. Assuming you're using proper passwords, storing them on paper is fine

I also recoment Paper wallets. Grate way to secure it

Cool video, Dunkey.

And if you buy hardware wallet, you gotta be 100% sure it was not tampered with before you got it. It gotta have all the manufacturer's seals intact. There have been some incidents, where people got millions stolen off their supposedly secure wallet.

big sir do you have any thoughts on celsius?

Please tell me, which multicoin wallet do you use for this KZread channel (description)? Or which do you recommend?

It is Tulip Mania for a reason. We have FDIC until they find some excuse (like China they are trying to emulate) to not pay FDIC.

Possession is 9/10ths of the law as they say.

Any cold storage solutions you recommend?

Can you do a video on different password managers? Maybe find a roll-your-own password manager that lives on your own hosted server in case of personal device confiscation.

I can like instantly because of the title. But people don't care, until they lose them :')

Can you do a video on the Kraken Exchange?

backup important stuff to dvd. wont f up. like ever. not affected by magnets. doesn’t one day randomly f up and lose data

@mbk5430

Жыл бұрын

CDs/DVDs may rot after few years, depending on quality. Be sure to "refresh" your backups regularly.

you should make a guide for a password manager avarge joes dosent know how does it work and also about hardware keys.

u right still the only thing i didnt understand.

In the middle of 2022 Eth fees are so low that the only interaction an informed and responsible person should have with an exchange is feeding fed green toilet paper to the non-KYC ATM in the vape shop so drunk they wake up with new crypto they don't remember buying

Dont use a password manager for your keys, get a hardware wallet like Ledger or Trezor

The issue with voyager is that its a lending platform and not an exchange. Thats how you get the yield

The issue is then, it would make using an exchange a big pain to have to keep moving it on and off.

@franciskafieh

Жыл бұрын

It's really not as difficult as it seems. Crypto transfers are (usually) fast depending on the network. I have a Ledger Nano and it's working fine for me. Just make sure you use an exchange with no exchange->wallet withdrawal fees.

@hugohom2280

Жыл бұрын

transactions take a few seconds to a few minutes

@aransin167

Жыл бұрын

@@franciskafieh what exchange has no transfer fees though?

@franciskafieh

Жыл бұрын

@@aransin167 I'm in Canada and I use newton. They don't charge any fees themselves, and they cover up to $5 worth of network fees. If u want to try it out, lmk and I'll give you a promo link so that we can both make some money lol. They have some of the best buy rates in canada. not sure if it's available outside of canada, might wanna check that out...

@franciskafieh

Жыл бұрын

I've never paid fees to withdraw. It will tell you before you withdraw if it is going to charge you, which is amazing. The only coin you might be paying network fees on is ETH, because the gas is so high.... Everything else I've tried... BTC, a bunch of altcoins, I've never been charged

I know it's the wrong thread, but it's the right forum as far as I'm concerned: Anybody else having issues on Nord connecting to Iceland? Before you say it, I'm in the last two months of a three year subscription and going to Mullvad.

At the start of the downturn I bought a Trezor and pulled my ETH and BTC off Coinbase. I still have some shit coins on there, like BAT and stuff, but that is funny money and I am not worried about losing 50 USD of shit coins.

With a hardware wallet you still need to store your recovery phrase.

Fyi regarding stocks. If YOU own a substantial amount of share in company XYZ - request that you get the actual certificate of ownership from the broker. Yes there are many consumer insurance safety mechanisms in place - but you owning the paper stock certificate that grants you rights of the underlying asset is the EXACT SAME as you holding the private keys to a non custodial crypto wallet. Contact your broker. Brokers are different.

makes sense. but trading on forex is just as sketchy. lots of platforms dont allow US traders. and banks just dont like you doing it directly, even though it's perfectly legal

Hardware wallets only store the keys not the actual assets. The asset remains on the blockchain and subject to market fluctuations. It is not the same as dollar bills in your traditional wallet. If you entrust your keys (private) to a third party, the third party controls access to your assets. As long as people understand reality they can make their own decisions.

There is winners and losers in everything and how do we even know they’re telling the truth?

@mentaloutlaw what password manager are you using?

Have you forgotten that you promised us an update on Garuda 1337Dragon? Please deliver.

The main difference between investing in crypto and gambling is that with gambling, the odds are at least somewhat close to 50%. As for hardware wallets, I wouldn't store millions on them, because you can't copy the secret to another device off-site. I'd much rather generate a seed on a permanently offline machine, encrypt it, write it to various media (paper, USB, optical, whatever) and store one at home, one in a deposit box and one somewhere safe with a close relative. You need spare keys...

Ah, a fellow Feed & Seed enthusiast, I see.

@cowboy_henk

Жыл бұрын

F O R M A L L Y C H U C K 'S

Which password Manager do you use? And which one can you recommend?

One Thing I Learned Today: I found out that theres Chicken Tenders at Five Guys and I need them now

If you’re not skeptical, you will be by the time crypto is done with you.

@Lobonova

Жыл бұрын

U dont know anything. Go flip some burgers

@christek

Жыл бұрын

@@Lobonova lol you read that totally wrong. Crypto was made by libertarians, for libertarians. Libertarians are skeptical by nature. I know you’ve got a smooth brain, but if you think about it really hard, what I’m saying will make sense. Just so you don’t hurt yourself, here’s a little help: skeptical people don’t use custodial wallets.

@Lobonova

Жыл бұрын

@@christek Autistic

@marcogenovesi8570

Жыл бұрын

@@Lobonova nah fam, you need that job more than him

@Lobonova

Жыл бұрын

@@marcogenovesi8570 true