When it comes to security for our cryptocurrency we don't need to be careless and that is why don't see the expense to protect your currency because protection is first. Here I am talking about cold storage wallet.
When bitcoin was at $1 it sounded funny to store bitcoin in a cold storage wallet but now things have totally changed and bitcoin all all-time-high was around $70 k which is not a small amount. A true digital gold is here.
You can store other cryptocurrencies as well so you are not at a loss because you have the option to store multiple cryptocurrencies here. So just transfer your other cryptocurrency and bitcoin in the cold storage and enjoy the long-term holding.
Also, it provides you with the next level of security. Let's talk about hive there are two types of currencies in hive blockchain hive and hive dollars now hive is a decentralized wallet so it is secure one more thing is hive power and savings.
Your hive that is stored in hive power is highly secure similarly hive dollar that is stored in savings is extra secure. But still you have doubts and wanna go one step ahead then create multiple wallets and divide your funds so this diversification will secure your crypto more.
It is not completely like cold storage but it is also very good. Some people say I have a small portfolio and it is like $5k to $7k. Crypto is a volatile market and you will see lots of fluctuations.
Which is why, this value will not remain the same. In the above, I have said that bitcoin was at $1, and now $ 69k is the all-time-high and there are chances it will reach this price level again. So now it is time for you to say "Let's get cold storage to secure cryptocurrency"
Low value does not matter in the cryptocurrency world if the project is solid. Hive has a low value now but it will not remain the same so if you are making the decision to hold your hive tokens in the cold storage wallet then this is not a bad decision. Hive is an example here.
Decentralization is everything here this is the real aim behind the cryptocurrency technology. cold storage gives you complete control and the interesting thing is even if you lose the cold storage wallet. You will not get any harm if the key or phrase is safe.
A cold storage wallet is available to buy for around $100. But be careful before buying it from anywhere. Adoption is increasing so we can expect that bitcoin will cross the previous all-time-high price. Here my expectation is 100k dollars after ETF approval and yet we are not calculating the price during the bitcoin halving.
The scenario will be different after the Bitcoin halving event. Believe it or not crypto is here to stay and the security of your tokens is very important it is your responsibility so don't underestimate any crypto and protect it at any cost. chalta hu...
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