Do I need to worry about my bitcoin holding after August 1st?

RedX

sr. member

Activity: 364

Merit: 250

Quote from: jakelyson on July 31, 2017, 04:10:37 PM

It is just a few hours more, keep your bitcoin safe and transfer your bitcoin on a safe wallet. Better safe than sorry.

Quote from: alva5763 on July 31, 2017, 01:38:11 PM

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.

LTU_btc

legendary

Activity: 3220

Merit: 1374

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.

Quote from: jakelyson on July 31, 2017, 04:10:37 PM

Quote from: alva5763 on July 31, 2017, 01:38:11 PM

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.

Osarman

hero member

Activity: 952

Merit: 503

Quote from: liuqi on July 31, 2017, 12:56:13 PM

Quote from: Konthol Ngaceng on July 31, 2017, 12:48:13 PM

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.

Granxis

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.

jakelyson

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.

Quote from: alva5763 on July 31, 2017, 01:38:11 PM

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.

pacifista

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.

Pettuh4

sr. member

Activity: 812

Merit: 251

Quote from: fred dave on July 31, 2017, 02:14:47 PM

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.

digitalgame4life

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

Quote from: Konthol Ngaceng on July 31, 2017, 12:48:13 PM

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.

fred dave

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

yogaantoni

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.

nethan1btc

sr. member

Activity: 574

Merit: 250

Quote from: malikusama on July 30, 2017, 11:49:29 PM

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.

alva5763

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.

Billz007

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?

Hoganye

hero member

Activity: 625

Merit: 501

Quote from: Konthol Ngaceng on July 31, 2017, 12:48:13 PM

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

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: joebrook on July 31, 2017, 01:12:26 PM

Quote from: avikz on July 28, 2017, 11:15:49 AM

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.

Quote from: Russlenat on July 31, 2017, 03:54:05 AM

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?

joebrook

sr. member

Activity: 644

Merit: 259

CryptoTalk.Org - Get Paid for every Post!

Quote from: avikz on July 28, 2017, 11:15:49 AM

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.

liuqi

sr. member

Activity: 1092

Merit: 257

LuckyB.it is Back!

Quote from: Konthol Ngaceng on July 31, 2017, 12:48:13 PM

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.

Konthol Ngaceng

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.

Kevondo

sr. member

Activity: 742

Merit: 251

Quote from: malikusama on July 30, 2017, 11:49:29 PM

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.

Topic: Do I need to worry about my bitcoin holding after August 1st? (Read 1800 times)