How do you keep your bitcoins? - page 62.

Sled

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Bitcoin- in bullish time

Quote from: mikecgna on March 15, 2017, 06:14:37 PM

Quote from: TheGodFather on March 15, 2017, 06:34:28 AM

Quote from: Playboi on February 16, 2017, 05:02:49 PM

I have all my coins in on an online trading site (paxful) (low volume)

I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.

What is the best way to do this, and what's the best way of ensuring a backup?

How do you currently store your coins

thanks in advance for any inputs

Im keeping my bitcoins for the future. To make a large investment as well. Im also keeping my bitcoin to use it after halving. And I know the price of bitcoin will rise again. Im just slowly earning bitcoin just to be safe. Im also using my bitcoin to transfer my money from one currency to another. Im keepingmy bitcoin for the best.

I also expect almost $ 2k by the end of this year. Perhaps the trend will continue and bitcoin will gain momentum, to increase the price. I look at some negative points about the attention of the government to the crypto currency. This can affect both negatively and positively.

$2,000 price for bitcoin by the end of this year is so easy to reach for bitcoin because we can see now that we are close to $1,300 and then it will reach $1,500 and then $2,000. We don't need to worry about the attention of the government for the cryptocurrency because i believe that it will be positive because if the trend pops then they will see the positive effect of bitcoin to the users of it like having a faster transactions which can trigger the government to adopt it.

mikecgna

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Quote from: TheGodFather on March 15, 2017, 06:34:28 AM

Quote from: Playboi on February 16, 2017, 05:02:49 PM

I have all my coins in on an online trading site (paxful) (low volume)

I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.

What is the best way to do this, and what's the best way of ensuring a backup?

How do you currently store your coins

thanks in advance for any inputs

Im keeping my bitcoins for the future. To make a large investment as well. Im also keeping my bitcoin to use it after halving. And I know the price of bitcoin will rise again. Im just slowly earning bitcoin just to be safe. Im also using my bitcoin to transfer my money from one currency to another. Im keepingmy bitcoin for the best.

I also expect almost $ 2k by the end of this year. Perhaps the trend will continue and bitcoin will gain momentum, to increase the price. I look at some negative points about the attention of the government to the crypto currency. This can affect both negatively and positively.

TheGodFather

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Quote from: Playboi on February 16, 2017, 05:02:49 PM

I have all my coins in on an online trading site (paxful) (low volume)

I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.

What is the best way to do this, and what's the best way of ensuring a backup?

How do you currently store your coins

thanks in advance for any inputs

Im keeping my bitcoins for the future. To make a large investment as well. Im also keeping my bitcoin to use it after halving. And I know the price of bitcoin will rise again. Im just slowly earning bitcoin just to be safe. Im also using my bitcoin to transfer my money from one currency to another. Im keepingmy bitcoin for the best.

teilwalL05

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Quote from: Playboi on February 16, 2017, 05:02:49 PM

I have all my coins in on an online trading site (paxful) (low volume)

I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.

What is the best way to do this, and what's the best way of ensuring a backup?

How do you currently store your coins

thanks in advance for any inputs

Well I would never trust any online wallet to increase your Bitcoin I would probably do it my own and that is by hard work and I think it is pretty safe if you are the one too guard your bitcoin, I would invest in the forex industry in that way I can bet up to different commodities and currency if the value of it would go up or down.

mastermold

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I spread mine out between offline paper wallets, my Android wallet, my PC wallet, and a couple online wallets. There is a trade-off between security and convenience. Paper wallets are the most secure, but to do anything with them, you have to sweep the wallet, wait for confirmation, etc. By spreading out your holdings, you protect your holdings by reducing your exposure to any one wallet being compromised. Unfortunately, I had to learn this the hard way

bryant.coleman

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When I started collecting Bitcoins in 2012, I was storing all of them in an online wallet named Instawallet (it closed down in 2013). Then I moved my coins to my BTC-e wallet. In 2014, after the Mt Gox theft I decided not to store my coins in any of the exchange wallets. So I moved them again, this time to Blockchain.info wallets. Later that year, I created paper wallets and moved all of my remaining coins to these wallets. For the last 3 years, my coins are stored in a few paper wallets.

ManOnTheMoon

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Quote from: BitcoinPC on February 19, 2017, 03:38:31 AM

I also think online wallet is not that safe as other people stated here and some advised you to use offline wallet I guess it is not what you are looking for because offline wallet will just store your coin. I guess investing your money will be good to you so the chances of earning them in 5 - 10 years is good and for sure you have monthly interest.

There is a chance that your online wallet may get hacked by the hackers which will result in loosing your bitcoins I haven't experienced that so far but why to take risk as anything is possible in online world so better choice is to keep them safe in offline wallet.

Zadicar

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DGbet.fun - Crypto Sportsbook

Quote from: meelvanchris on February 19, 2017, 03:07:32 AM

Quote from: hajimasan on February 19, 2017, 03:03:33 AM

i am once in a week user of bitcoin that is hardly 1 or 2 times I had to open my wallet for checking transaction for payment of signature campaign and sometimes to send money to friends or whatever.

The fact is if we hold high amount of bitcoins then we would keep on checking our bitcoin balance every now and then as we want to make sure that our bitcoins are safe in wallet but if we don't have enough coins then we won't be that active in checking our balances on daily basis.

It does depend on what kind of person you are and which wallet you do use on storing your coins and you do have point if we hold huge amounts of bitcoin we will regularly check our wallet if those bitcoins are fine or didnt decrease amounts but if we are confident on how secure our wallet are we wont really need to do such thing.

BitcoinPC

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I also think online wallet is not that safe as other people stated here and some advised you to use offline wallet I guess it is not what you are looking for because offline wallet will just store your coin. I guess investing your money will be good to you so the chances of earning them in 5 - 10 years is good and for sure you have monthly interest.

meelvanchris

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Quote from: hajimasan on February 19, 2017, 03:03:33 AM

i am once in a week user of bitcoin that is hardly 1 or 2 times I had to open my wallet for checking transaction for payment of signature campaign and sometimes to send money to friends or whatever.

The fact is if we hold high amount of bitcoins then we would keep on checking our bitcoin balance every now and then as we want to make sure that our bitcoins are safe in wallet but if we don't have enough coins then we won't be that active in checking our balances on daily basis.

hajimasan

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i am once in a week user of bitcoin that is hardly 1 or 2 times I had to open my wallet for checking transaction for payment of signature campaign and sometimes to send money to friends or whatever.

phaddie

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Quote from: 20kevin20 on February 18, 2017, 09:39:32 AM

Quote from: bloodnest on February 18, 2017, 07:18:36 AM

I just spread my bitcoins over multiple wallets (lesser than 4

since I'm poor : but i do make sure that theyre all secured). Though I do also hold some bitcoins over a trading site. I might go paper if I can actually make bank but I doubt that's happening anytime soon lol

Be careful with holding your money on trading websites. I'm doing that too but I only have a sum of $0.3 on the trading site. I recommend you to withdraw a part of it if there is a considerable sum deposited.

Yeah its good not to put all your money in trading sites as it can be risky as that trading site can disappear in future but I am using Poloniex since long time and I think that is the trusted place to keep your money but the best choice is to save your bitcoins in offline wallet.

rafi035

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Quote from: Playboi on February 16, 2017, 05:02:49 PM

I have all my coins in on an online trading site (paxful) (low volume)

I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.

What is the best way to do this, and what's the best way of ensuring a backup?

How do you currently store your coins

thanks in advance for any inputs

Before I ever lose bitcoin, people who break into bitcoin I can mekases my email and password stupid blockchain and email me at. that's where I learned to apply the 2-step Verification google

delliaerd

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Quote from: Xenophoto on February 18, 2017, 09:15:09 AM

Some of my coins are in an online wallet just because I have to do transactions daily. I know that online wallets are not safe at all as they can get hacked anytime or the owner can run away. I tried desktop wallet but I'm thinking that someone that can access my computer can also access my bitcoins and send money to his wallet, so I'm thinking it's still not safe. Cold wallet is the only way I can ever make sure that my coins are safe so I save the majority of my coins using cold wallet.

Actually, Storing Bitcoin on the desktop wallet is also safe. You can add keywords before opening the wallet on your desktop. So afraid that others can access your wallet on the desktop is not recognize reason. But you must be sure that your keywords is very private and no one know other than yourself.
Besides of that cold wallet is best place, i'll got a plan keeping my bitcoin in cold wallet in near time.

20kevin20

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Quote from: bloodnest on February 18, 2017, 07:18:36 AM

I just spread my bitcoins over multiple wallets (lesser than 4

since I'm poor : but i do make sure that theyre all secured). Though I do also hold some bitcoins over a trading site. I might go paper if I can actually make bank but I doubt that's happening anytime soon lol

Be careful with holding your money on trading websites. I'm doing that too but I only have a sum of $0.3 on the trading site. I recommend you to withdraw a part of it if there is a considerable sum deposited.

Xenophoto

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Activity: 826

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Some of my coins are in an online wallet just because I have to do transactions daily. I know that online wallets are not safe at all as they can get hacked anytime or the owner can run away. I tried desktop wallet but I'm thinking that someone that can access my computer can also access my bitcoins and send money to his wallet, so I'm thinking it's still not safe. Cold wallet is the only way I can ever make sure that my coins are safe so I save the majority of my coins using cold wallet.

AUDREY23

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Activity: 323

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I keep bitcoin way is to create your own wallet itself, for example, which create their own savings, which create their own day to day so not to intermingle which eventually will bring the desire to sell our stock if any bitcoin in one wallet

bloodnest

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I just spread my bitcoins over multiple wallets (lesser than 4

since I'm poor : but i do make sure that theyre all secured). Though I do also hold some bitcoins over a trading site. I might go paper if I can actually make bank but I doubt that's happening anytime soon lol

iqlimasyadiqa

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Quote from: Souldream on February 18, 2017, 07:15:18 AM

I keep my bitcoin in many wallet. Like Xapo, Coinbase, Blockchain and Mycelium. I use many wallet in my different way of earning so that When my account got hacked only few Bitcoin they can get only. I use my Blockchain as my main wallet because for me it is the safest wallet i know.

I agree with you . I also use some of the bitcoin wallet to store. and blockchain is a primary option. I am confident about the security that blockhain is a wallet very safe to use. some big companies even use blockhain in each of their transactions.

Souldream

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I keep my bitcoin in many wallet. Like Xapo, Coinbase, Blockchain and Mycelium. I use many wallet in my different way of earning so that When my account got hacked only few Bitcoin they can get only. I use my Blockchain as my main wallet because for me it is the safest wallet i know.

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