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Replying to Avatar TheBitcoinManual

With all this banking drama going on, people are feeling a little worried.

- Can I withdraw my money

- Will my deposit insurance cover my funds

- Do I need to take some out of the bank just in case

Well, ultimately, that's up to you, on what actions have you sleeping soundly at night, but for me, this is what I would do

- Purchase 2 hardware wallets

- Create a 3rd cold storage offline wallet using a VM

- Generate a 2 of 3 multi-sig address using those wallets

- Withdraw your #bitcoin and spend it into a #coinjoin

- Then spend those coins into an OP_HODL address and select a block height in the future, let's say 10 years

Then fall asleep for 10 years, lol or just carry on working and saving, knowing your money is so safe not even you can get to it for a decade.

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So what is your setup like? How are you sleeping these days? Do you plan on stepping up your hodl security?

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mchotbot 2y ago

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