BitShares Forum

Main => General Discussion => Topic started by: Frodo03 on August 26, 2014, 09:04:48 am

Title: Cold Storage?
Post by: Frodo03 on August 26, 2014, 09:04:48 am

Hey all,

I'm looking to invest in BTSX for the long term. Is there any way to do some sort of cold storage?

Thanks :)

Title: Re: Cold Storage?
Post by: quickbit on August 26, 2014, 09:12:48 am

I am looking forward to the same thing.

Title: Re: Cold Storage?
Post by: luckybit on August 26, 2014, 09:39:23 am

Quote from: Frodo03 on August 26, 2014, 09:04:48 am

Hey all,

I'm looking to invest in BTSX for the long term. Is there any way to do some sort of cold storage?

Thanks :)

Are you aware that in the near future with your BSTX you can buy BitAssets which pay interest? You'd get compound interest by investing properly through Bitshares X which is far better than cold storage. You could even diversify and hedge your bets by holding Bitcoin within the Bitshares X wallet.

Bytemaster can give you the details on compound interest, Bitassets, and their benefits. Cold storage may not be necessary but there does need to be multisig wallets or something.

Title: Re: Cold Storage?
Post by: puppies on August 26, 2014, 09:43:27 am

https://bitsharestalk.org/index.php?topic=6232.0

Title: Re: Cold Storage?
Post by: Frodo03 on August 26, 2014, 11:54:30 am

Quote from: luckybit on August 26, 2014, 09:39:23 am

Quote from: Frodo03 on August 26, 2014, 09:04:48 am

Hey all,

I'm looking to invest in BTSX for the long term. Is there any way to do some sort of cold storage?

Thanks :)

Are you aware that in the near future with your BSTX you can buy BitAssets which pay interest? You'd get compound interest by investing properly through Bitshares X which is far better than cold storage. You could even diversify and hedge your bets by holding Bitcoin within the Bitshares X wallet.

Bytemaster can give you the details on compound interest, Bitassets, and their benefits. Cold storage may not be necessary but there does need to be multisig wallets or something.

Hmm okay that would definitely be helpful!