RE: Awaiting Genesis Mining
Hey thanks for sharing. I like crypto for a few reasons too, one of them being in the hope to get a passive income also. So far, I have invested quite heavily in the lending platforms and all of them are paying very well at the moment. Bitconnect generates hundreds of dollars a week which is great. I know full well though that any/all of these sites could shut down without a seconds notice so I am weary. I also like to make YouTube vidoes about crypto in general and about all these lending platforms so that if people choose to invest they do so knowing the risks involved. I hate all these YouTubers that push people to invest so they get referral money without identifying the risks involved. that annoys me!
But yes, I think definitely just buy some Bitcoin, maybe some Litcoin, ETH, DASH and XRP and put a copy of the wallet files onto a couple of USB drives and lock them up. In 5 years time I bet all of those currencies will be worth a lot more than they are today!
Yes the ledger nano s is perfect to what you describing. I think once I can get enough bitcoins to buy a nano I will do so. The limitation is four types of coins so I would be saving Bitcoin, ETH, DASH, and probably ARK. I am also interested in passive income but in a safer approach by doing proof of stake. I also like ETC so can't decide my top four.