I Bought a Cold Wallet :)

Bitcoin to the moon. Well, I cannot predict when and how but I can guarantee that it reaches 13K USD today. I was looking at the price surging early in the morning and by the afternoon, my slippery fingers were itching. I could not resist myself when the price reached 12.8K. I was also scared that the price would tank after it reached that height. I never expected that it would go higher but I sold the few coins I saved for the last couple of months. I remember I managed to write a post on @leofinance when I made that purchase.

Now, the journey begins. What a great way to celebrate the trading day as I received my online order today. I purchased a Ledger Nano S and it was delivered today. The irony is I don't have any BTC to store in the cold wallet. I will make more purchases for sure.

The intention is to purchase and store BTC. I was always confused when I should invest in a cold wallet.

How much do you think is an amount in BTC that would be risky to keep in a hot wallet?

For me, it is the amount you think you cannot lose. The threshold could be different depending on the type of traders/investors you are. I am a newbie and even 1K USD is a large amount for me. Regular traders who want to hold their asset to trade in exchanges may want to raise the bar.

I am happy that I have this toy to play with. Hopefully, this will give me the confidence and reason to buy and hold crypto. For now, I made some profits but that is not the end goal.Going forward, the target is to trade and invest.

Do you own a cold wallet? Do you use it frequently?

I know @complxty does not :P