Bitcoin paper wallet | Bitcointalksearch.org

monkeydominicorobin

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Quote from: ArlindCC2000 on October 22, 2017, 02:20:02 AM

Hello Community,

I have a question: If the Bitcoin's are high like $6000 and I would like to get my money offline, because I see Bitcoin's go down maybe to $5700 for example, is it possible that I send my money, before go down, to a paper wallet and send it back, if I think maybe it grows up back to $6000 or higher but before that happens, to a normal wallet and would it stay in a paper wallet in the same value before it was high?

The value of your Bitcoin in your offline wallet is still subjected to market forces. It is offline only because no one can touch it but the bearer of the private key. Don't get confused by the offline/online terminology.

genesis53

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I don't think that's possible, There's no wallet or any places that protect the value of bitcoin to go down, whether if its hardware wallet, online wallet or paper wallet. The purpose of choosing which wallet to use is more on securities, some wallets are more secure than the other, or having a smaller transaction fee and some are easy to use.
the only way to maintain its same value is to exchange to physical currency

joinfree

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The paper wallet will not change the amount of your bitcoins.. If you are constantly moving your bitcoins between some wallets you will lose a high amount of money because of fees.
Every transaction will cost you about $3,5 each one, doesnt matter how much bitcoins you are sending.
Why dont you keep your bitcoins in your wallet? it is one of the most safest ways to protect your bitcoins before an offline wallet.

spinach98

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Quote from: ArlindCC2000 on October 22, 2017, 06:42:30 AM

And how I can move to a offline place where the Bitcoin's can't rise up and down and stay in the same value?

In my ow point og view,a paper wallet is a document containing all of the data necessary to generate any number of Bitcoin private keys, forming a wallet of keys. However, people often use the term to mean any way of storing bitcoins offline as a physical document.

Dudeperfect

hero member

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Well, a paper wallet is nothing but an offline wallet of your Bitcoins. If you have purchased Bitcoins for $6K from any exchange and sending it to your paper wallet then you are sending the Bitcoins and not the USD so irrespective of the Bitcoin's location, there will be a change in the value of your Bitcoins as per the market behaviour.

However, if you are selling the Bitcoin on exchange and maintaining the funds in USD then in such case you will be holding $6K in your account even if Bitcoin falls below $5700. Paper wallet or any other wallet doesn't lock the value of your holding, it just prevents unauthorised access since it's offline.

consar

full member

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there is no such thing. if you want it to stay at $6K, you sell your bitcoin for USD.

ArlindCC2000

newbie

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And how I can move to a offline place where the Bitcoin's can't rise up and down and stay in the same value?

Kkaos

newbie

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No the value of your bitcoins change regardless if they are on a normal wallet or a paper wallet

ArlindCC2000

newbie

Activity: 2

Merit: 0

Hello Community,

I have a question: If the Bitcoin's are high like $6000 and I would like to get my money offline, because I see Bitcoin's go down maybe to $5700 for example, is it possible that I send my money, before go down, to a paper wallet and send it back, if I think maybe it grows up back to $6000 or higher but before that happens, to a normal wallet and would it stay in a paper wallet in the same value before it was high?

Topic: Bitcoin paper wallet (Read 356 times)