How to be ready when it comes to selling?
How to be ready when it comes to selling?
I currently have 75% of my crypto on cold storage and 25% on exchange and yesterday I was thinking about when it comes to selling.
I am not thinking of selling anything just yet but maybe will start in a few months once the halving is here and the market starts to really move.
Is it a good idea to still have most of my crypto on cold storage in a few months when the market is pumping and I am wanting to sell or is it best to start moving everything to exchanges which will then make it easier to sell?
I never keep funds on an exchange… If you’ve been around for a while, you’ll probably remember many instances of exchanges that were trusted in the community, but still went bankrupt/scammed/got hacked losing millions and millions of dollars in crypto.
Moving funds from cold storage to an exchange is a matter of minutes (if you don’t mind paying a decent fee). Waiting for a couple confirmations might take an other hour… But in ~2 hours you can have your funds from your aigapped device on an exchange, ready to sell… It’s definitely not worth the risk to keep it there IMHO.