How do you store your bitcoins? - page 68.

AngelSky

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Quote from: PremiumCodeX on April 29, 2017, 08:02:01 AM

General good advice: spread your coins. Not only between wallets, but investments. Be careful, it is difficult to come up with a good investment-tactics! But it is a must. You do not simply "have" money. You generate money or you lose money. There is no path between. Just consider, holding BTC is not simply "having", but a way of investment too! Question is, do you really want to rely on this single investment?

Many people are looking in bitcoin for the standard profit investment. They didn't achieve it, That's why the huge number of people support to hold the bitcoin instead investing anyways in bitcoin. It's need widespread among all the people and white hat investment option should more than lending, gambling, trading and other forms of investments.

AicecreaME

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Quote from: zulkarnaen on April 23, 2017, 11:17:00 AM

Quote from: mrjoy15 on April 23, 2017, 10:57:05 AM

Quote from: mmo_online_1981 on April 23, 2017, 10:46:43 AM

I only have a few BTC so I invested and the other Coins, hope it will be nice

This sounds good. I think there didn't any sense just keep such a small amount of Bitcoin in a wallet, it's never given you good profit while a good capital related to good profit in forward. So, focus to keep growing your Bitcoin through investment or altcoins trading must be the choice.

I think this is the best way to benefit from bitcoin by investing and trading altcoin, but if we are in the must to choose one of the two to minimize which loss is better trading or investment?

It depends, if you are good in Trading, then you must go to trading to reduce the risk that you are going to take, because if you are going to do Investment and you are not good at it, then you will just lose your capital and the profit that you could earn. So, before we do something, we must think first and ask ourselves where do I excel, is it a better choice? something like that.

We are going to take risk here, and we are going to lose our bitcoin if we are not going to pay attention on what we are going to do, either to Invest it or to use it on Trading, and if your excuse is that you are still a newbie for this thing, then read the appropriate thread where you could learn this things.

PremiumCodeX

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General good advice: spread your coins. Not only between wallets, but investments. Be careful, it is difficult to come up with a good investment-tactics! But it is a must. You do not simply "have" money. You generate money or you lose money. There is no path between. Just consider, holding BTC is not simply "having", but a way of investment too! Question is, do you really want to rely on this single investment?

noormcs5

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Quote from: zulkarnaen on April 23, 2017, 11:17:00 AM

Quote from: mrjoy15 on April 23, 2017, 10:57:05 AM

Quote from: mmo_online_1981 on April 23, 2017, 10:46:43 AM

I only have a few BTC so I invested and the other Coins, hope it will be nice

This sounds good. I think there didn't any sense just keep such a small amount of Bitcoin in a wallet, it's never given you good profit while a good capital related to good profit in forward. So, focus to keep growing your Bitcoin through investment or altcoins trading must be the choice.

I think this is the best way to benefit from bitcoin by investing and trading altcoin, but if we are in the must to choose one of the two to minimize which loss is better trading or investment?

I think investment is like easy money. You just have to invest one time in a good program and you will get easy money without having to be worried about any skills which are required in trading.

Vorth

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So mostly everyone think that the most secure way to store the Bitcoin(s) are using a paper wallet? yes they are secure, it is getting more reliable if you are using the multisig approach

rikybrosh

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Quote from: Baby Dragon on April 27, 2017, 10:32:10 AM

I store my bitcoin in a web wallet i think its the most recommended wallet of all because what ever device you are using you can use your bitcoin or you can open it you just need a internet connection and a browser.

Yes, online wallet is really practically to use, but It is not good to save big amount of money. I ussually use blockchain, the mobile version is really easy to use.

cafucafucafu

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Quote from: Baby Dragon on April 27, 2017, 10:32:10 AM

I store my bitcoin in a web wallet i think its the most recommended wallet of all because what ever device you are using you can use your bitcoin or you can open it you just need a internet connection and a browser.

That is not true in my opinion, nobody will recommend you a web wallet if you are looking for something else in wallet service.
Web wallet might be indeed a best solution for someone that needs to have access to his bitcoins everywhere in the world, for example if someone is in the journey around the world, then he needs to be able to connect to his wallet through some kind of a mobile device: smarphone, tablet or anything else.
But if you need security more than being capable of connecting to it from any place, then paper wallet or a hardware one is better.

So as you can see, web wallet is not the most recommended one. It is only useful in some situations, but I do not advise you to rely on this type of way to store your bitcoins.

Baby Dragon

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I store my bitcoin in a web wallet i think its the most recommended wallet of all because what ever device you are using you can use your bitcoin or you can open it you just need a internet connection and a browser.

saocodonls95

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I always do not save BTC, only a few so do not care much

Restmand

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Quote from: krunox123 on January 31, 2016, 07:19:52 AM

Quote from: yellowcat1771 on January 31, 2016, 05:53:22 AM

Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?

I store my Bitcoin on both online and offline wallet. Mostly on offline wallet though.
I don't really trust online wallet but I still use them to store my Bitcoin. Tongue

me too, i just store it in my online wallet, it is safe there because many of my friends and my co citzens uses it. it is secure and hard to be lost and to be hacked its because before you verified it, you will need to send any valid id and you need to be certify it that your the real person behind your acccount and you are the owner of the id.

batang_bitcoin

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Quote from: batang_bitcoin on April 23, 2017, 10:01:10 AM

Quote from: Yatsan on April 23, 2017, 07:51:22 AM

I store my bitcoin at the web wallet because the bitcoin in web wallet will be safe and the transaction will be no hassle because If you are using web wallet the sending and receiving of the bitcoin will be not a problem as long as you have a stable internet so the web wallet is the best for me.

It's popular that many bitcoin users here are storing their bitcoins at web wallets. Because I'm doing the same thing and it is because I trust that local web wallet that I'm using. Internet is a big requirement in able to use of bitcoins there properly. Just don't put your coins at those untrusted we wallet website so you can avoid being scammed.

Being scammed out of your bitcoins is one thing. Having your bitcoins lost or stolen from your web wallet, like what happened when Mt. Gox — the largest Bitcoin exchange at the time and therefore arguably one of the most "trusted" web wallet providers — collapsed in 2014, is another. Trusting a third-party with control of your bitcoins is antithetical to the whole point of Bitcoin, at best, and a highway to catastrophic financial ruin for the user, at worst.

This is the risk in web wallet but if you know what you are doing or you know the web wallet well, then it's up to you. With me, I trust my web wallet(local). Though it's better to have a desktop wallet / hardware wallet but I'm also aware that I will be more of risk if I'm going to use those things so I prefer web.

Neo_matrix

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Quote from: Vorth on April 23, 2017, 03:19:24 PM

I dont have that much, so i just store them on Exhange websites, like Bitstamp or Kraken. I also have MultiBit HD as a desktop walllet.

I also do not have a lot of coins, so I store them in the purse of the blockchain.info. I have not installed other wallets yet. All my assets are stored only in this wallet

Vorth

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I dont have that much, so i just store them on Exhange websites, like Bitstamp or Kraken. I also have MultiBit HD as a desktop walllet.

ricardobs

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Quote from: Intersan on April 19, 2017, 12:31:34 AM

I guess it would be better to create multiple online wallets and divide your earnings to avoid cyberpunks. Thank you for the advise!

Yes exactly it like a saying we have is “don’t put all your eggs in the same basket”. The best option is to use multiple wallets for your earnings and savings. But the risk in any case is there. It doesn’t mean that there is no risk now, you can never eliminate the risk factor, the only thing that you can do is just minimize the risk.

zulkarnaen

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Quote from: mrjoy15 on April 23, 2017, 10:57:05 AM

Quote from: mmo_online_1981 on April 23, 2017, 10:46:43 AM

I only have a few BTC so I invested and the other Coins, hope it will be nice

This sounds good. I think there didn't any sense just keep such a small amount of Bitcoin in a wallet, it's never given you good profit while a good capital related to good profit in forward. So, focus to keep growing your Bitcoin through investment or altcoins trading must be the choice.

I think this is the best way to benefit from bitcoin by investing and trading altcoin, but if we are in the must to choose one of the two to minimize which loss is better trading or investment?

TribalBob

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Quote from: mrjoy15 on April 23, 2017, 10:57:05 AM

Quote from: mmo_online_1981 on April 23, 2017, 10:46:43 AM

I only have a few BTC so I invested and the other Coins, hope it will be nice

This sounds good. I think there didn't any sense just keep such a small amount of Bitcoin in a wallet, it's never given you good profit while a good capital related to good profit in forward. So, focus to keep growing your Bitcoin through investment or altcoins trading must be the choice.

Trading is always an good choice to grow your coins but make sure that you withdraw your profits regularly and keep them safe in your offline wallet as keeping bitcoins on exchange sites is very risky as you never know when the site will get hacked or disappear which will result in big loss.

mrjoy15

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Quote from: mmo_online_1981 on April 23, 2017, 10:46:43 AM

I only have a few BTC so I invested and the other Coins, hope it will be nice

This sounds good. I think there didn't any sense just keep such a small amount of Bitcoin in a wallet, it's never given you good profit while a good capital related to good profit in forward. So, focus to keep growing your Bitcoin through investment or altcoins trading must be the best choice.

mmo_online_1981

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I only have a few BTC so I invested and the other Coins, hope it will be nice

Mr

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Quote from: MWesterweele on April 23, 2017, 08:38:02 AM

Quote from: bravehearth0319 on March 10, 2017, 10:01:14 PM

Quote from: yellowcat1771 on January 31, 2016, 05:53:22 AM

Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?

Yes, I stored my bitcoin in different wallets, I have bitcoin in my Electrum wallet on my computer desktop, then I also have in multibit, and also in my android phone which is mycelium, and I have small amount of bitcoin in exchange platform amounting 0.01BTC each every week.

you have a very good idea sir, in case some of your online wallet will down and never comeback you will have another that can be the cause of your income, you have a reserve money in other options

I have my own ledger wallet. It is only $50 and you can do anything with it and you will never scare about losing your money or being hacked by cyber criminals. Well, hardware wallets are the best

batang_bitcoin

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Quote from: Yatsan on April 23, 2017, 07:51:22 AM

I store my bitcoin at the web wallet because the bitcoin in web wallet will be safe and the transaction will be no hassle because If you are using web wallet the sending and receiving of the bitcoin will be not a problem as long as you have a stable internet so the web wallet is the best for me.

It's popular that many bitcoin users here are storing their bitcoins at web wallets. Because I'm doing the same thing and it is because I trust that local web wallet that I'm using. Internet is a big requirement in able to use of bitcoins there properly. Just don't put your coins at those untrusted we wallet website so you can avoid being scammed.

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