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Message: <blockquote data-quote="wjschmaltz" data-source="post: 161322" data-attributes="member: 6150">If you buy crypto on an exchange you have a public key to send/receive crypto sorta like a bank account #.  The exchange holds the private keys on the blockchain where your actual crypto is located. You’re at the mercy of the exchange for anything that you do and it could (although unlikely) get hacked and the location of your coins could be stolen and you’re shit outta luck. Also, if shit starts heading south and coinbase crashes, you can’t do a thing about it. If you’ve ever tried to get on coinbase when big moves are happening, it’s almost always “down for maintenance.”  So if you send your crypto to a wallet like Exodus you can access your private keys and store them. Now you own your crypto.  So if things start moving and you want to swap out, no problem.  And since I’m the only person with the location of my crypto, it can’t be stolen. So that’s the extremely simplified version of where to hold crypto. Almost all hacks start with your email.  So I only use a secure email for all financial stuff (ProtonMail).  And two factor authentication with my phone. As far as if crypto will be around in 5, 10, 50 years; I don’t know. If you really dig into transaction coins, smart contract coins, DEFI, etc., I don’t see crypto going anywhere.  If not that’s fine too. I have an exit strategy, hold all my keys, and I’m at the point now that even at my exit points I WAY outdid any other place I would’ve invested. It’s almost certain that a BTC ETF will be approved in the next year.  That moves all the crusty old guy big Walstreet money in and it’s game over then.  Gold did 6x shortly after the first ETF was listed and BTC will do at least that well (as well as an Ethereum ETF to soon follow). Everyone on here will have crypto in their retirement portfolio at that point, so I say why not beat everyone to the punch.</blockquote>

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