After this incident with Cold Card I’m now fully convinced that this forum is generally awful for anything crypto related.

That stupid wallet was shilled all over the place on this forum while everyone was telling those to ditch Ledger for Cold Card. Cold Card, a wallet not even in the top 10, was made by a company with only 5 employees that’s been around for roughly as long as Ledger with only 6 figures in 1st. round funding, vs. hundreds of millions with Ledger over several rounds. Ledger has an entire team dedicated to security testing, DonJon, and has even tested Trezor wallets and collaborated with that company to help them bolster their security. These people also say how Ledger is “closed source” when it’s in fact 95% open source. Despite these variables, the trolls on here were still promoting some stupid little wallet lol when there were plenty of others to choose from that were clearly from much better companies that have/had the resources to run security tests, offer bug bounties, etc.

You also have a lot of trolls on here that have gone around calling for these insane price targets for the bear market lows, like BTC going to 30k or ETH below 1k. It’s very likely we’ve already hit the low for this bear market OR are very close. Those following these bears too closely will miss the bottom all together.

Then it also seems like a lot of posters from “ButtCoin” also seem to come over to here talking about how BTC has lost it’s vibe and that no one cares about it anymore. Meanwhile, this is the opportunity to be accumulating and on par with buying BTC at 20k in 2022 and in the 3k range in late 2018.

Overall, much of the advice on here is terrible and it seems like there aren’t many that are here to offer sound advice and input in what is being discussed. This forum has probably resulted in many people making a lot of mistakes or possibly even losing a lot of funds, such as with the suggestion to use Cold Card. I still can’t really tell if they are just clueless idiots or intentionally on here to troll and cause harm, it seems like it’s a bit of both.

submitted by /u/ubermensch1001 [link] [comments]r/CryptoCurrencyRead More

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