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Topic: Do I need to worry about my bitcoin holding after August 1st? (Read 1805 times)

sr. member
Activity: 364
Merit: 250
It is just a few hours more, keep your bitcoin safe and transfer your bitcoin on a safe wallet. Better safe than sorry.

I had some on Yobit. received my bcc a few hours ago. i believe yobit will support btc and bcc.

Did you have it already? It did not split yet, it is still 31. Or did you bought BCC in anticipation? If you did, good luck, I hope people don't dumped on your bcc.


Right because its free then there is a higher chance that it is going to be dumped at least 70-80%. I will not buy those bcc and it's just another challenge on bitcoin on his path. I hope after this event many exchanges will banned bitcoincash on their list.
legendary
Activity: 3234
Merit: 1375
Slava Ukraini!
OP, if you are worried only about your BTC savings, you can keep calm, there are no danger to your bitcoins. Your bitcoins are safe as long as you have private keys.

I had some on Yobit. received my bcc a few hours ago. i believe yobit will support btc and bcc.

Did you have it already? It did not split yet, it is still 31. Or did you bought BCC in anticipation? If you did, good luck, I hope people don't dumped on your bcc.
All users who had Bitcoins on Yobit already received Bitcoin Cash on 1:1 ratio few hours ago. Hope they will not put BCC wallet on maintenance, lol.
hero member
Activity: 952
Merit: 503
We must have a special strategy, if we just hold our money on bitcoin of course we worry because hard fork events can make money lost, better is transfer bitcoin to exchanger to be exchanged with other coins like ethereum or monero.

Don't loose hope about bitcoin's potential. Please don't go towards these copy cats altcoins. In 2013 also after big bump bitcoin only again rise and now it stand in good position. If you check the world's costliest assets. This will be the first and best stock which will rise continuously than gold or property. Be stick with bitcoins.
I will utterly agree with you. Bitcoins are the most expensive investments worldwide. They are undoubtedly rising continuously in the last few years. I will also suggest the same to all bitcoiners not to give up on bitcoins at any time. Even when they are going through dumping phase, do keep them in the wallets.
hero member
Activity: 1400
Merit: 536
Today I will get a payment today, August 1, probably will not pay, sometimes I think, fortune is my fate, I do not know what to do, I will probably trade with litecoin now.
legendary
Activity: 2240
Merit: 1069
It is just a few hours more, keep your bitcoin safe and transfer your bitcoin on a safe wallet. Better safe than sorry.

I had some on Yobit. received my bcc a few hours ago. i believe yobit will support btc and bcc.

Did you have it already? It did not split yet, it is still 31. Or did you bought BCC in anticipation? If you did, good luck, I hope people don't dumped on your bcc.
hero member
Activity: 812
Merit: 500
No need to worry about your holding as long as you stored them in a bitcoin wallet that you have full control of it, like in my our country our local exchanges advice us to take out our btc or convert it into fiat before 7am of aug first,cause btc transaction will be suspended in thier exchange site.
sr. member
Activity: 812
Merit: 251
I think if you re holding your bitcoins in a secured wallet which you have the private keys there is no need to worry about it, it is safe

Exactly, but I think people worry because they don't know if the value of Bitcoin will remain the same, depreciate or appreciate after August 1 and not necessarily how safe they'll be able to keep it.
full member
Activity: 378
Merit: 105
Active forum member, A+ poster, PM good sign camp.
Hi all, do we see the split right after 00:01 ?
MMA
legendary
Activity: 1134
Merit: 1000
We must have a special strategy, if we just hold our money on bitcoin of course we worry because hard fork events can make money lost, better is transfer bitcoin to exchanger to be exchanged with other coins like ethereum or monero.
i think people are worrying about their bitcoin before 1st August because before 1st August no one know that will is going to happen to bitcoin, but i am sure that after 1st August everything will become normal and the price of bitcoin gain the acceleration very soon. i think we should try to hold bitcoin and not to sell it right now.
member
Activity: 74
Merit: 10
I think if you re holding your bitcoins in a secured wallet which you have the private keys there is no need to worry about it, it is safe
full member
Activity: 156
Merit: 100
Of course have to worry, like me this.
I do not know exactly what will happen. I know from my colleagues. May not get BCC or other coins after network split for your bitcoin in online wallet.

The only consequence you will get if you remain your customer in the online wallet, you also will not get BCC.

You must move BTC from your online address eg to a large market like bittrex or viabtc that gives BCC.
sr. member
Activity: 574
Merit: 250
There is a risk in online wallets as we all know it, but if you have private keys of your wallet then it is quite acceptable. The problem is splitting on august 1 so it is better to transfer all your funds from online wallets to offline wallets.
Transferring your bitcoin balances on your offline wallets is a better idea and as I had read from other thread topics, they've also recommended to do it. August splitting has feared a lot of investors and bigger whales wasn't alarmed because if blockchain network will really allowing that to happen, well the circumstances will really their consequences to suffer in the future. That's how I really viewed bitcoin to be the apple of the eye for this current situation right now. Didn't you get the actual logic here?  We've been under the influence of the rumors and I can recommend to take a stand of it and never lose hope, we can survice the challenges.
sr. member
Activity: 451
Merit: 250
I had some on Yobit. received my bcc a few hours ago. i believe yobit will support btc and bcc.
newbie
Activity: 25
Merit: 0
Most of my bitcoins are stored on a PC using MultiBit Classic that's kept offline except when I update it.  My question is will this wallet still work after the split or should I import the private keys into Electrum?  Any thoughts guys? 
hero member
Activity: 625
Merit: 501
We must have a special strategy, if we just hold our money on bitcoin of course we worry because hard fork events can make money lost, better is transfer bitcoin to exchanger to be exchanged with other coins like ethereum or monero.
Not frozen market when active SegWit Bitcoin, just maintenance system and you can't send/receive Bitcoin in this time. So, don't worry about issue can't trading BTC/Atlcoin in August 1st Wink
hero member
Activity: 2632
Merit: 833
Hi All,

I mostly use my hardware wallet to save most of my bitcoins where I have access to my private key.

However, I also keep a good amount of bitcoin in my online BlockChain wallet for quick trading transfers.

my question is, do I need to worry about my bitcoins I hold in my online wallet? Will it be safe? What can be the consequence of of August 1st network split on my bitcoins?

Can anyone please give me an answer?


To be on the safe side why dont you transfer all your bitcoins into your hardware wallet, but i doubt that anything will happen to those store in the blockchain wallet.

I see a lot of bitcoin users complaining about blockchain so I'm come into conclusion that it is not a good wallet anymore specially this coming event on bitcoin. I already moved all my funds out of blockchain and moved to a more safe and sound wallet like Electrum and core. Don't want to take risk specially we are just few hours from the dreaded Aug 1.

For me! I just worried less because my wallet provider if guaranteed us that our bitcoin during that date is safe in the account, but they just disable there transaction during that date and for further announcement.

I hope that the wallet provider has only given you access to your private keys because if its not, then their is still risk involved. They disable their transaction, but happens after they resume?
sr. member
Activity: 644
Merit: 259
CryptoTalk.Org - Get Paid for every Post!
Hi All,

I mostly use my hardware wallet to save most of my bitcoins where I have access to my private key.

However, I also keep a good amount of bitcoin in my online BlockChain wallet for quick trading transfers.

my question is, do I need to worry about my bitcoins I hold in my online wallet? Will it be safe? What can be the consequence of of August 1st network split on my bitcoins?

Can anyone please give me an answer?


To be on the safe side why dont you transfer all your bitcoins into your hardware wallet, but i doubt that anything will happen to those store in the blockchain wallet.
sr. member
Activity: 1092
Merit: 257
LuckyB.it is Back!
We must have a special strategy, if we just hold our money on bitcoin of course we worry because hard fork events can make money lost, better is transfer bitcoin to exchanger to be exchanged with other coins like ethereum or monero.

Don't loose hope about bitcoin's potential. Please don't go towards these copy cats altcoins. In 2013 also after big bump bitcoin only again rise and now it stand in good position. If you check the world's costliest assets. This will be the first and best stock which will rise continuously than gold or property. Be stick with bitcoins.
sr. member
Activity: 646
Merit: 252
We must have a special strategy, if we just hold our money on bitcoin of course we worry because hard fork events can make money lost, better is transfer bitcoin to exchanger to be exchanged with other coins like ethereum or monero.
sr. member
Activity: 742
Merit: 251
There is a risk in online wallets as we all know it, but if you have private keys of your wallet then it is quite acceptable. The problem is splitting on august 1 so it is better to transfer all your funds from online wallets to offline wallets.
I really don’t know mate but I kept on my bitcoin till august first because the price of the bitcoin is increasing and hope it will increase more and more after that I will keep my bitcoin in any of my wallet and will use it when the bitcoin will be world famous for us prices keep on changing and also today we can see a huge change till now from the start of the bitcoin.
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