Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Wallets => Topic started by: bayu7adi on December 02, 2024, 03:09:01 AM
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This year's bull run certainly gives you a significant advantage if you've been holding since a year or two ago, and I'm sure some people don't have Trezor or hardware wallets yet...
Seeing the increase in the value of your assets, are you starting to think about having a hardware wallet?
Trezor recorded an increase in sales when Bitcoin was about to reach 100k, and I'm sure everyone who started to have a lot of assets in cryptocurrency because of this increase in price will start to consider the security of their assets... Are you one of the hardware wallet buyers because of the increase in the value of your assets?
https://decrypt.co/294087/trezor-sees-record-sales-week-as-bitcoin-approaches-100k
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Also some people that have not invested in crypto before have started investing in bitcoin and other cryptocurrencies. Just know that as more people are getting involved in the investment, some.of them will prefer to use a safer wallet like a hardware wallet.
Also it is normal that as people have higher amount of money in crypto, they will prefer to use a cold wallet and a hardware wallet which are safer.
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This year's bull run certainly gives you a significant advantage if you've been holding since a year or two ago, and I'm sure some people don't have Trezor or hardware wallets yet...
Seeing the increase in the value of your assets, are you starting to think about having a hardware wallet?
Trezor recorded an increase in sales when Bitcoin was about to reach 100k, and I'm sure everyone who started to have a lot of assets in cryptocurrency because of this increase in price will start to consider the security of their assets... Are you one of the hardware wallet buyers because of the increase in the value of your assets?
One of the first things I thought about when I first joined the crypto market was that I needed to own a hardware wallet to best protect my crypto assets, however, when constantly buying and selling tokens, I felt that hot wallets were more convenient and CEXs were also where I staked many of my tokens.
If in 2025 I make a big profit, I will spend about 100 USD to buy a Ledger or Trezor hardware wallet to store my BTC and ETH during the crypto winter. I'm not sure if I'll have enough BTC and ETH to worry about, but maybe using a hardware wallet would be a fun experience :)
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Buying a hardware wallet is a suitable option for those who want to invest in Bitcoin and altcoins, as these devices provide a good environment for accepting their coins, but for those who want to keep Bitcoin only, it is an option with the ease of creating an airgapped wallet.
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Also some people that have not invested in crypto before have started investing in bitcoin and other cryptocurrencies. Just know that as more people are getting involved in the investment, some.of them will prefer to use a safer wallet like a hardware wallet.
Also it is normal that as people have higher amount of money in crypto, they will prefer to use a cold wallet and a hardware wallet which are safer.
But I think there are still many who use hot wallets for their cryptocurrency storage needs... it can be said that hot wallets are indeed suitable for everyday use, and usually they are more friendly for users with high mobility such as smartphone users... and the downside is that the security level of this hot wallet is not very good for storing large amounts of assets...
I think, hardware wallet is the first item that holders should buy, it really has a very important function for the long term, especially storing assets in the long term.
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Hardware wallets are good u[grade from a regular non custodial hot wallet but nothing can beat the security of an airgapped wallet but it could be difficult to really maintain an air gapped device so it's users preference to pick which is important for them. Trezor like hardware offers multi crypto storage so people who hold ethereum and other coins will definitely go for it.
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Maybe I will consider buying but I wouldn't want to order online. I'd like to buy Trezor from a store in cash. If this is not possible in my country I would just keep my assets on the laptop wallet and only phone app. I wouldn't easily lose them because it's not as small as trezor USB. Its the same security as long as the holder have the seed and key, none can take the assets from him.
Just curious, when you buy it online what do they ask from you besides the fee?
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Even if you're not in profit and a big investor, you should get Trezor to protect your assets; its an absolute protection for your assets, During the bull period, hackers and scammers are on the lookout for assets to hack, but owning a Trezor does not mean you are perfectly safe; you should know how to use it properly, and don't be someone who flaunts his assets to the public. Be discreet in what you have and silently enjoy your profit.
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~snip~
If in 2025 I make a big profit, I will spend about 100 USD to buy a Ledger or Trezor hardware wallet to store my BTC and ETH during the crypto winter. I'm not sure if I'll have enough BTC and ETH to worry about, but maybe using a hardware wallet would be a fun experience :)
Haven't you already made some profits - I guess you're not a total beginner who started investing in cryptocurrencies only this year? For anyone who has several thousand dollars worth of coins that can become even more valuable at any moment, that $100 or whatever seems like a very small amount for greater security.
However, if you are already buying, I advise you to avoid Ledger at all costs. If you ask why, I advise you to do a little research on what has been happening in recent years when it comes to that company.
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I already have a Ledger Nano S that I use to store my satoshis and some ETH
But I need a more agile wallet to use on a daily basis
I do around 20 txs daily and a wallet with more resources will help me a lot.
I'm analyzing which wallet to buy
But I recommend anyone with at least 2000 dollars in crypto to buy a hardwallet and be more secure with their assets
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Most of the old investors use hardware wallets but many new crypto users don't know about it that's why they don't use it. According to my knowledge, those who have a lot of funds will use hardware wallet to get more security. Your private key is stored offline in a hardware wallet which is stored online in a software wallet or any other hot wallet. Online storage is not safe because online someone can access your device pc, mobile and steal your private key. Storing large amounts of cryptocurrency in wallets that are connected online is risky.
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Just curious, when you buy it online what do they ask from you besides the fee?
I recently bought trezor safe 3, official site wasn't shipping to my country so bought from official reseller, it just asked for regular info such as payment and delivery details as ecom sites like Amazon do.
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I recently bought trezor safe 3, official site wasn't shipping to my country so bought from official reseller, it just asked for regular info such as payment and delivery details as ecom sites like Amazon do.
Make sure that the contents of the box have not been tampered with. It is best to reformat the device and install the latest update from the official website.
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I don't have a lot of crypto assets so trezor isn't some thing which I'd want to own. If I had big crypto assets I wouldn't use it because I can't be sure it hasn't been tampered in courier.
Seeing the increase in the value of your assets, are you starting to think about having a hardware wallet?
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I recently bought trezor safe 3, official site wasn't shipping to my country so bought from official reseller, it just asked for regular info such as payment and delivery details as ecom sites like Amazon do.
Make sure that the contents of the box have not been tampered with. It is best to reformat the device and install the latest update from the official website.
Yes, as far as I know security of this devices, it's genuine. Box wasn't tempered with — seal on box was there, as well as on usb slot on device itself, no firmware was installed out of box, and I wiped device after installing firmware anyway for security purposes.
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I don't have a lot of crypto assets so trezor isn't some thing which I'd want to own. If I had big crypto assets I wouldn't use it because I can't be sure it hasn't been tampered in courier.
If everyone had such an opinion, then few would use a hardware wallet - probably only those who could buy it directly in the physical branch of the manufacturer.
Of course, there is always a risk that someone in the production and supply chain will do something wrong with the device, but the chances of that happening are very small. Unless someone is targeting someone in particular, they certainly won't waste their time and resources modifying a device that will then end up in the hands of someone who has a few hundred dollars worth of cryptocurrency.
Besides, the typical delivery person doesn't have the knowledge for such a thing, and the fact that most shipments today have a tracking number means you can know exactly where it is and how long it's been traveling. Systems that track shipments from start to finish are a factor that makes it almost impossible to manipulate them.
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I'm sure if I was a whale I wouldn't use it. I'd be worried if the software's tampered I'll have restless nights. I wouldn't take the risk. It doesn't have to be tampered by couriers it's possible to do it inside warehouses or factories when it's made. I wouldn't use Trezor.
If everyone had such an opinion, then few would use a hardware wallet - probably only those who could buy it directly in the physical branch of the manufacturer.
Of course, there is always a risk that someone in the production and supply chain will do something wrong with the device, but the chances of that happening are very small. Unless someone is targeting someone in particular, they certainly won't waste their time and resources modifying a device that will then end up in the hands of someone who has a few hundred dollars worth of cryptocurrency.
Besides, the typical delivery person doesn't have the knowledge for such a thing, and the fact that most shipments today have a tracking number means you can know exactly where it is and how long it's been traveling. Systems that track shipments from start to finish are a factor that makes it almost impossible to manipulate them.
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I'm sure if I was a whale I wouldn't use it. I'd be worried if the software's tampered I'll have restless nights. I wouldn't take the risk. It doesn't have to be tampered by couriers it's possible to do it inside warehouses or factories when it's made. I wouldn't use Trezor.
Let's be clear, I also wouldn't use Trezor or any other similar hardware wallet to store any significant amount of BTC - only air-gapped devices that communicate with the UI exclusively via QR codes or SD cards come into consideration.
Still, the question arises whether you can trust any hardware today - if someone manages to hide explosives in thousands of pagers, then it's entirely possible that most of today's devices have some hidden components that spy on us.
If you were a crypto whale, where would you store your private keys?
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Let's be clear, I also wouldn't use Trezor or any other similar hardware wallet to store any significant amount of BTC - only air-gapped devices that communicate with the UI exclusively via QR codes or SD cards come into consideration.
Still, the question arises whether you can trust any hardware today - if someone manages to hide explosives in thousands of pagers, then it's entirely possible that most of today's devices have some hidden components that spy on us.
If you were a crypto whale, where would you store your private keys?
Which hardwallets that have this features that you consider safe?
I don't have a lot of crypto assets so trezor isn't some thing which I'd want to own. If I had big crypto assets I wouldn't use it because I can't be sure it hasn't been tampered in courier.
I have a Ledger Nano S, there's a way for you to check the firmware with Ledger, and I even opened my device to check if it was OK
Almost impossible to buy a hardwallet without courier
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@rdluffy, if we talk about air-gapped wallets, the first thing that comes to mind is the Foundation Passport, which is one such device, although it should be noted that it is a device that supports only BTC. There is no absolute security, but if we compare this HW with any other, then the difference is clear - it is a device that cannot be physically or wirelessly connected to the internet, so the user is protected from all possible attacks that we know of today. For some, the use of such devices may be complicated at first, but actually you can learn how to use them very quickly.
~snip~
Almost impossible to buy a hardwallet without courier
It depends on where you live - I have the option to buy some directly in physical stores, but again you have to take into account that the same devices arrived at the physical store, maybe even by courier service.
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@rdluffy, if we talk about air-gapped wallets, the first thing that comes to mind is the Foundation Passport, which is one such device, although it should be noted that it is a device that supports only BTC. There is no absolute security, but if we compare this HW with any other, then the difference is clear - it is a device that cannot be physically or wirelessly connected to the internet, so the user is protected from all possible attacks that we know of today. For some, the use of such devices may be complicated at first, but actually you can learn how to use them very quickly.
It's a nice wallet, I didn't know it
From what I saw on the website, it seems to be very robust and secure, it even looks like a mini cell phone
The cost of 199 dollars is not the cheapest, but for those who only need to operate with BTC and have a good amount, it looks like an excellent wallet
I'm in need of a second hardwallet, but I need it to be agile and support more coins to handle DeFi as well
It depends on where you live - I have the option to buy some directly in physical stores, but again you have to take into account that the same devices arrived at the physical store, maybe even by courier service.
There's no stores to buy here in Brazil, only online via resellers :P
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@rdluffy, that's the price in the US, but here in the EU with all costs the price is over EUR 250, which is definitely not a small amount, but if you only have 0.5 BTC, that price won't stop you from buying such a device. I don't know what kind of hardware wallet you currently have, but most such devices have the ability to create additional accounts that can be protected with a passphrase, so you actually get a hidden account that generates a completely new set of coin addresses with the same seed+passphrase.
Here in the EU, you can find HW in some stores that sell computer equipment and the like, and also in physical crypto exchanges that exist in some countries.
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Seeing the increase in the value of your assets, are you starting to think about having a hardware wallet?
I have been storing my coins in cold storage for a very long time now, even when it was not worth too much, so for people who still have a large amount of coins, but still using an online wallet, you don't know the kind of risk you are exposing yourself to. Anything online is prone to hacking and if you don't want to lose your funds, buy a hardware wallet or set up an airgapped wallet.
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~snip~
Anything online is prone to hacking and if you don't want to lose your funds, buy a hardware wallet or set up an airgapped wallet.
I agree with you, but things are not as simple as they seem - because it's not just a matter of someone buying HW, it's a matter of choosing a device that doesn't leave too many doubts about whether our funds on it are safe or not. Unfortunately, too many people are still looking for the easiest solutions, and today we know that some HW, in addition to having various vulnerabilities, even pose a danger to the private keys stored on them.
Besides, people are still the weakest link in the security chain - because if someone buys the best HW and stores their backup online or writes it down on paper and leaves it somewhere where someone can find it, then it's all for nothing, right?
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@rdluffy, that's the price in the US, but here in the EU with all costs the price is over EUR 250, which is definitely not a small amount, but if you only have 0.5 BTC, that price won't stop you from buying such a device. I don't know what kind of hardware wallet you currently have, but most such devices have the ability to create additional accounts that can be protected with a passphrase, so you actually get a hidden account that generates a completely new set of coin addresses with the same seed+passphrase.
Here in the EU, you can find HW in some stores that sell computer equipment and the like, and also in physical crypto exchanges that exist in some countries.
Thanks for the info Lucius
Here in Brazil we don't have any physical stores that even have hardwallets
I only know of one website that officially sells hardwallets and according to them, they are the official reseller of Trezor, Ledger, Secu-X, yubico and Key-ID
https://kriptobr.com/
I think the “easiest” way would be to buy them from the United States and have them delivered here
I had seen a Safepal, but it's not open source, so I'm taking a look at the Trezor (out of stock for now).
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Thanks for the info Lucius
You're welcome, because if you ever come somewhere in the EU, it's good to know what options you have - of course, if in the meantime EU bureaucrats don't make some crazy decision that will ban such things.
Here in Brazil we don't have any physical stores that even have hardwallets
I only know of one website that officially sells hardwallets and according to them, they are the official reseller of Trezor, Ledger, Secu-X, yubico and Key-ID
https://kriptobr.com/
I find it a bit strange that such a large country doesn't have more options - it seems to me that this is an opportunity for everyone to try their hand at this business. I don't know if there are any legal obstacles, but there is obviously a lot of space for those who want to become official resellers.
I think the “easiest” way would be to buy them from the United States and have them delivered here
I had seen a Safepal, but it's not open source, so I'm taking a look at the Trezor (out of stock for now).
I don't know what the customs duties and all other costs are when importing goods from the US - because I don't remember the last time I ordered something from the US, although I used to do it regularly a long time ago.
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Let's be clear, I also wouldn't use Trezor or any other similar hardware wallet to store any significant amount of BTC - only air-gapped devices that communicate with the UI exclusively via QR codes or SD cards come into consideration.
Still, the question arises whether you can trust any hardware today - if someone manages to hide explosives in thousands of pagers, then it's entirely possible that most of today's devices have some hidden components that spy on us.
Trusting a hardware device with crypto doesn't look like a good idea because they'll be plugged in some where & that's when they're vulnerable. I don't like them.
If you were a crypto whale, where would you store your private keys?
It's a question I'm trying to get my answer for but it's difficult.
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Here in Brazil we don't have any physical stores that even have hardwallets
I only know of one website that officially sells hardwallets and according to them, they are the official reseller of Trezor, Ledger, Secu-X, yubico and Key-ID
https://kriptobr.com/
I find it a bit strange that such a large country doesn't have more options - it seems to me that this is an opportunity for everyone to try their hand at this business. I don't know if there are any legal obstacles, but there is obviously a lot of space for those who want to become official resellers.
At least you got some options there.
Where I live, there is no way to get my hands on any kind of hardware wallet or at least I don't know of. It is not available in any physical store, nor I can order online, nor I can purchase one from abroad and have them deliver it here. Because crypto is banned in my place and even if I ordered one from abroad, I'm afraid, it might be seized in customs or there could be a chance that, govt authorities would be knocking on my door.
Btw, I'm from a little place called Bangladesh, in case somebody wondering! ;)
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Here in Brazil we don't have any physical stores that even have hardwallets
I only know of one website that officially sells hardwallets and according to them, they are the official reseller of Trezor, Ledger, Secu-X, yubico and Key-ID
https://kriptobr.com/
I would not believe their words but they are indeed listed in Trezor's list of official resellers: https://trezor.io/resellers — so assume they are legit, and tbh I don't think there should be any problem buying from official resellers.
Also, link redirects to Instagram, how does that work?
There is another reseller listed too: https://www.brazilelectronics.com/
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Trusting a hardware device with crypto doesn't look like a good idea because they'll be plugged in some where & that's when they're vulnerable. I don't like them.
That's why I'm mentioning air-gapped wallets, you don't have to plug them in anywhere, they work on batteries, and they communicate with the user interface via QR codes or SD cards. You can theoretically create such a wallet on any offline computer where you then create the wallet, and then create a watch-only copy of the wallet on an online computer.
If you were a crypto whale, where would you store your private keys?
It's a question I'm trying to get my answer for but it's difficult.
You don't have much choice about that, either an air-gapped wallet or a paper wallet, if they are made correctly both can be considered cold wallets. The only way someone can hack them is by physically accessing them.
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I have a Trezor/Ledger since 2019 and a bitbox02 since 2020. I haven't bought more because it's already good, although I really want to get a Coldcard Q due to its advanced features.
The best thing a person can do, even before making any profit, is to think about the security and self-custody of their coins, so it's wise to invest in security like making a DIY air-gapped cold storage or buying a ready-made solution like a Trezor, Bitbox and/or Coldcard. Preferably air-gapped hardware wallets.
If you were a crypto whale, where would you store your private keys?
Airgapped for sure! Now there are many options like Krux, coldcard q, passport or an offline computer.
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This year's bull run certainly gives you a significant advantage if you've been holding since a year or two ago, and I'm sure some people don't have Trezor or hardware wallets yet...
Seeing the increase in the value of your assets, are you starting to think about having a hardware wallet?
Trezor recorded an increase in sales when Bitcoin was about to reach 100k, and I'm sure everyone who started to have a lot of assets in cryptocurrency because of this increase in price will start to consider the security of their assets... Are you one of the hardware wallet buyers because of the increase in the value of your assets?
https://decrypt.co/294087/trezor-sees-record-sales-week-as-bitcoin-approaches-100k
It doesn't have to be trezor though, there are many other options available that are even better than trezor, for example I am using Keystone and it is more secured than Trezor, it has extra security capabilities that Trezor doesn't have.
I decide to purchase one because I felt that my assets are growing, when I managed to invest up to $2000 I started to become worried so I ordered for a Keystone hardware hardware wallet.
Once your crypto asset is reaching $1000 you should be preparing to order for a hardware wallet
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I have a Trezor/Ledger since 2019 and a bitbox02 since 2020. I haven't bought more because it's already good, although I really want to get a Coldcard Q due to its advanced features.
The best thing a person can do, even before making any profit, is to think about the security and self-custody of their coins,
[..snip..]
I think it will be better in the beginning that we should understand security and safety hygiene before moving forward with our crypto investments. And yes, hardware wallet is the best of them and I will urge everyone to really buy and used them.
Of course air-gapped is also a good thing, but it might be complicated for non-technical crypto investors. That's why the best way to move forward is to used hardware wallet.
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Among the technical factors involving hardware wallets, this varies from person to person and according to vary preferences. Some technically knowledgeable individuals believe non-airgapped USB-connected hardware wallets offer sufficient security, thinking that a non-air-gapped devices with only a USB connection will not make any difference, while others only feel comfortable using airgapped devices like coldcard or passport.
If a beginner has good sources of learning and someone they trust about self-custody, they will prefer to use an air-gapped wallet or an offline computer to load TaisOS and use offline electrum to sign PSBT transactions.
While I don't judge individual choices, my personal approach increasingly favors airgapped methods.
But hey... a well-configured Trezor, with the backup wallet (seed phrase) noted offline, with a secure PIN and passphrase enabled is also not bad thing.
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This year's bull run certainly gives you a significant advantage if you've been holding since a year or two ago, and I'm sure some people don't have Trezor or hardware wallets yet...
Seeing the increase in the value of your assets, are you starting to think about having a hardware wallet?
Trezor recorded an increase in sales when Bitcoin was about to reach 100k, and I'm sure everyone who started to have a lot of assets in cryptocurrency because of this increase in price will start to consider the security of their assets... Are you one of the hardware wallet buyers because of the increase in the value of your assets?
I had plans of getting a hardware wallet for myself, and I was actually looking to buy one of the trezor models but unfortunately, I changed my mind concerning it, and this is because things didn't turn out the way I thought It would, during the bull run, or bitcoin bull run rather, I didn't hold much of bitcoin but was heavily invested in Altcoins (most of which I've sold off in losses already) because I believe an altseason would come and this would make me much more profit than bitcoin would. But then, we've all seen how the bull season played out.
I had to cancel alot of things I initially planned of doing and buying a hardware wallet was one of them, because it makes no sense spending money to buy a wallet when I don't even have money to store in the same wallet 😁
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If i had a lot of crypto assets i would definitely use something like Trezor
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This year's bull run certainly gives you a significant advantage if you've been holding since a year or two ago, and I'm sure some people don't have Trezor or hardware wallets yet...
Seeing the increase in the value of your assets, are you starting to think about having a hardware wallet?
Trezor recorded an increase in sales when Bitcoin was about to reach 100k, and I'm sure everyone who started to have a lot of assets in cryptocurrency because of this increase in price will start to consider the security of their assets... Are you one of the hardware wallet buyers because of the increase in the value of your assets?
I had plans of getting a hardware wallet for myself, and I was actually looking to buy one of the trezor models but unfortunately, I changed my mind concerning it, and this is because things didn't turn out the way I thought It would, during the bull run, or bitcoin bull run rather, I didn't hold much of bitcoin but was heavily invested in Altcoins (most of which I've sold off in losses already) because I believe an altseason would come and this would make me much more profit than bitcoin would. But then, we've all seen how the bull season played out.
I had to cancel alot of things I initially planned of doing and buying a hardware wallet was one of them, because it makes no sense spending money to buy a wallet when I don't even have money to store in the same wallet 😁
Investing in altcoins or memecoins is a complicated thing, as it requires a lot of time and study. I think it's easier to buy a course or accessories to help you better select these investments. I'm also thinking about profiting from altcoins to increase my amount of satoshis, but it requires a lot of work. Coins like ETH, LTC, and SOL, which have been around for a while, are safer and will almost certainly appreciate in value alongside Bitcoin.
I hope you recover a good part of your funds during this cycle and buy your much-desired hardware wallet. I would recommend Trezor, Bitbox02, Coldcard, or Passport. Good luck.