Do you know many Cryptocurrencies such as Bitcoin surged from the end of 2017 to the beginning of 2018. The price of 1 Bitcoin recorded more than 20,000USD at a time. However, the Crypto currency market has been facing correction phase since Bitcoin reached the record high level because of Coincheck hacking andglobal trend of strengthening regulations(c.f. Charts1 and 2).
Left:Chart1, Right:Chart2, Source：Coinmarketcap.com
Currently, there are a lot of bearish comments from famous Bloggers and media although the people were quite bullish at the beginning of this year.
A market proverb says " Buy scream, Sell in delight". This means "buy the asset when its price is plunging, sell the asset when its price is surging".
About 10years ago, Lehman shock, bankrupcy of one of the biggest US investment bank, occured. This led to global recession and stock prices falled significantly. Chart3 shows a history of S&P500 Index. Downward arrow show the price action for about 5 years after Lehman shock.
You may notice that the US stock prices recovered pre-Lehman level after 5 years from the shock and now renewed historical high level(c.f. Chart3 upward arrow).
Some friends bought stocks at the time and gained huge profit by now.
You may notice that the US stock prices recovered pre-Lehman level after 5 years from the shock and now renewed historical high level(c.f. Chart3 upward arrow).
Some friends bought stocks at the time and gained huge profit by now.
Chart3, Source：Investing.com
I personally believe that the Cryptocurrency market rebounds and will renew its historical high, i.e. Crypto Bubble level, in a few years time.
However, a problem is a security. We cannot just deposit our money into crypto exchange, as many hackings are actually happend, and leave the maney alone. It is just TOO RISKY.
Crypto exchanges are facing not only Hacking risk but also their bankrupcy risk.
That is why I use Trezor, one of the most famous Hardwarewallet, to keep my cryptocurrencies safely.
Trezor and Ledger nano S are the two major Hardwarewallets and people had to wait for a few monthswhen crypto market was surging.
Therefore, I bought 3 Trezors. First one for daily use, Second one as a backup, the last one for another backup which is kept outside of my house. The last one is kept outside of my house for just in case of fire or so.
The picture on the left is the Trezor I use. You may compare the size of Trezor and 10Yen coin. I felt "Oh, this is much smaller than I expected. Looks like a children's Toy..." when I received Trezor. By the way, the name of the Trezor I have is Trezor One and this is not the latest version. The latest version is called Trezor Model T.
I prefer Trezor Oneto Trezor Model T. Because the latest Trezor has a touch display and I thought " How can I use Trezor if the touch display does not work?". Simply the best. I do not need cool looking or touch display for hardwarewallets but robustness and safety.
If you live in Japan then you can buy Trezor from Official retailer in Japan.
I prefer Trezor Oneto Trezor Model T. Because the latest Trezor has a touch display and I thought " How can I use Trezor if the touch display does not work?". Simply the best. I do not need cool looking or touch display for hardwarewallets but robustness and safety.
If you live in Japan then you can buy Trezor from Official retailer in Japan.
Some benefits are:
1 Free Shiping within Japan
2 Japanese manual enclosed(If you can read Japanese...)
3 In case of delivered faulty or damage,it can be exchanged to new one.(Need to contact within 7days after delivery)
4 No Shipping feein case of 3 above.
The third and fourth benefit above are quite important. If you buy a Trezor from outside Japan and the Trezor has a initial fault you will have to send it back to the seller outide Japan. You may have to pay for the shipping fee to returnthe Trezor. Also, you need to pay Taxif you buy Trezor from outside Japan.
You are fully responsible for what you invest. I personally think it is better to invest 10000Yen on crypto currency than buying 10000Yen of Lottery. Expected return is much higher than Lottery and risk is the same(i.e. Max loss is the amount you invested).
If you have a spare cash to invest which is usually used for hobby, why don't you consider investing crypto currency as a choice. If you cannot read Japanese and need some help, you can send a comment on this article with your contact email address. Your comment is not disclosed to public, it is kept undisclosed.
Supported Currencies:
BTC, LTC, DASH, ZEC, BCH, BTG, ETH, ETC, MONA, XEM, EXP, UBQ, NMC, DOGE, TRX, VEN, ICX, OMG etc.
Shin-Zo
