Is Metamask a safe alternative as a long term storage?

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SomberySli

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SomberySli
Nov 13, 2021 25 Comments

I have around $410k in stable coins that I got lucky with during this Bull Run. I have most of this right now in 4 different exchanges and 50% in Metamask.

I wanted to initially put these in a paper wallet but I read online that it is pretty old tech way of doing things. First I have to trust the online website that generates the wallet. And the key thing is that you can only transfer the entire amount. i.e if you have 10 BTC and you test transfer 0.1 BTC.. the remaining BTC will be gone from the paper wallet!

I was thinking I could create 20 different metamask accounts and store around $20k in each account.

My primary concern with metamask is this. What if they don't update their chrome plugin or they give up on developing their software/website.

I am very good at losing things and I am pretty sure I will lose the hardware wallet so that is not an option for me.

My strategy is to lay low for the next 2 years till the next Halvening i.e 2024. (2 year wait!)
DCA in 2024 and totally slay the Bull a second time around 2025 Q3. I should be worth $10 M plus at the minimum hopefully.

My three biggest enemies right now are
1. Safely and securely store the gains without losing them.
2. Taxes.
3. Tether collapsing.

1. is in my control.
Whats the best way I can go about it? #crypto #bitcoin #blockchain

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