How would you store >100 Bitcoins? - page 3.

DoublerHunter

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Quote from: Scorpion on June 27, 2017, 03:09:15 AM

Quote from: CoinCidental on June 27, 2017, 03:05:41 AM

Quote from: BitcoinSupremo on June 27, 2017, 02:57:12 AM

Quote from: Remainder on June 27, 2017, 02:54:06 AM

100+ bitcoin is a huge amount! for me I just cast out some of it, then I keep other to different online wallet account so I can save if or grow it for a long time investment.

That is the worst you can do to store it in an online wallet. If you are meaning online web wallet you are making a big mistake to leave more than 100 btc to some other parties as you need the website of these wallets to operate your bitcoins and these websites are not always 100% online. If you mean Electrum or Bitcoin core then it may be Ok but for the best always use a hardware wallet for such case.

why ?

Because if you do not own your own private keys then you are not really in control of your funds. Online wallets and exchanges let someone else manage your keys for you, if they lose them or steal them then you're out of luck.

Online wallets and exchanges are not worth it to put our bitcoin because most of them doesn't have a feature that you can see or even secure your private keys which is a very bad thing to know because if you don't have your private keys then you are like trusting someone to just hold your money or bitcoin for a long time which is very risky but if you will choose wallets that have supports about the private keys then you are really like a bank because you have the full control of your money.

Scorpion

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Quote from: CoinCidental on June 27, 2017, 03:05:41 AM

Quote from: BitcoinSupremo on June 27, 2017, 02:57:12 AM

Quote from: Remainder on June 27, 2017, 02:54:06 AM

100+ bitcoin is a huge amount! for me I just cast out some of it, then I keep other to different online wallet account so I can save if or grow it for a long time investment.

That is the worst you can do to store it in an online wallet. If you are meaning online web wallet you are making a big mistake to leave more than 100 btc to some other parties as you need the website of these wallets to operate your bitcoins and these websites are not always 100% online. If you mean Electrum or Bitcoin core then it may be Ok but for the best always use a hardware wallet for such case.

why ?

Because if you do not own your own private keys then you are not really in control of your funds. Online wallets and exchanges let someone else manage your keys for you, if they lose them or steal them then you're out of luck.

CoinCidental

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Quote from: BitcoinSupremo on June 27, 2017, 02:57:12 AM

Quote from: Remainder on June 27, 2017, 02:54:06 AM

100+ bitcoin is a huge amount! for me I just cast out some of it, then I keep other to different online wallet account so I can save if or grow it for a long time investment.

That is the worst you can do to store it in an online wallet. If you are meaning online web wallet you are making a big mistake to leave more than 100 btc to some other parties as you need the website of these wallets to operate your bitcoins and these websites are not always 100% online. If you mean Electrum or Bitcoin core then it may be Ok but for the best always use a hardware wallet for such case.

why ?

BitcoinSupremo

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Quote from: Remainder on June 27, 2017, 02:54:06 AM

100+ bitcoin is a huge amount! for me I just cast out some of it, then I keep other to different online wallet account so I can save if or grow it for a long time investment.

That is the worst you can do to store it in an online wallet. If you are meaning online web wallet you are making a big mistake to leave more than 100 btc to some other parties as you need the website of these wallets to operate your bitcoins and these websites are not always 100% online. If you mean Electrum or Bitcoin core then it may be Ok but for the best always use a hardware wallet for such case.

tabas

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I'm going to allocate a budget for buying a desktop or laptop for the storage of that big amount of bitcoin. But maybe 1/4 of it will be stored there and I'll do the same thing and will put some others in paper wallets. And this is the time for me to enjoy my life and enjoy the profit with almost 20 bitcoins only if I reach that 100 btc in total.

Remainder

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100+ bitcoin is a huge amount! for me I just cast out some of it, then I keep other to different online wallet account so I can save if or grow it for a long time investment.

Scorpion

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Cold paper wallets, laminated, with back-back up copies. Probably 5-10 BTC per wallet. These are stored in three or four different locations that I know are secure and trusthworthy.

TastyChillySauce00

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Quote from: Russlenat on June 27, 2017, 12:57:23 AM

Quote from: darkangel11 on June 26, 2017, 04:01:21 PM

Quote from: sunsilk on June 25, 2017, 09:00:20 PM

I will divide it to 4 places, 20 BTC for web wallet, 20 BTC for paper wallet, 20 BTC for desktop wallet and 20 BTC for USB wallet.

And with the other remaining ones 10 BTC will be invested to a trusted casino bankroll.

While the remaining 10 bitcoin, I'm going to spend that for anything I want or exchange it for fiat.

If I had 100BTC, I'd probably cash out half of it. I'm not greedy and the price used to be very high for the last couple months, so I'd use at least 20% of that to buy myself some nice treats, like a summer house near a lake.
As for the storage, I'd probably divide it into two parts. Trading and cold storage. If you're a trader, even 10BTC is a very good capital to play with and with another 90 in cold storage the risk is minimal and definitely worth it. Cold storage would consist of an offline netbook with Linux, that I'd connect only to send transactions, use only a secure network, and never install anything, open emails or surf the Internet.

for me I also do such thing! I cash-out half and save to bank and the other half I save it in my other bitcoin wallet for long term investment.

Nah, to be honest, I'll cash them out right when the price at its peak and just probably left about 5% in my wallet for some purposes such as investing into some project that I think is worth it to invest, at least it's what I'm currently doing right now.
No point of storing that much BTC forever because the risk of being hacked is still there and quite big so better to avoid the worse problem may appear.

sunsilk

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Quote from: darkangel11 on June 26, 2017, 04:01:21 PM

Quote from: sunsilk on June 25, 2017, 09:00:20 PM

I will divide it to 4 places, 20 BTC for web wallet, 20 BTC for paper wallet, 20 BTC for desktop wallet and 20 BTC for USB wallet.

And with the other remaining ones 10 BTC will be invested to a trusted casino bankroll.

While the remaining 10 bitcoin, I'm going to spend that for anything I want or exchange it for fiat.

If I had 100BTC, I'd probably cash out half of it. I'm not greedy and the price used to be very high for the last couple months, so I'd use at least 20% of that to buy myself some nice treats, like a summer house near a lake.
As for the storage, I'd probably divide it into two parts. Trading and cold storage. If you're a trader, even 10BTC is a very good capital to play with and with another 90 in cold storage the risk is minimal and definitely worth it. Cold storage would consist of an offline netbook with Linux, that I'd connect only to send transactions, use only a secure network, and never install anything, open emails or surf the Internet.

The price seems to be high and it's for real and if you are already satisfied with the exchange, good choice of yours.

But 50 bitcoin is really a big amount, I want to expand it for my future and will only use 10% = 10 bitcoins for myself and other expenses.

Cold storage of an offline netbook or laptop is a good place for safe keeping.

Russlenat

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Quote from: darkangel11 on June 26, 2017, 04:01:21 PM

Quote from: sunsilk on June 25, 2017, 09:00:20 PM

I will divide it to 4 places, 20 BTC for web wallet, 20 BTC for paper wallet, 20 BTC for desktop wallet and 20 BTC for USB wallet.

And with the other remaining ones 10 BTC will be invested to a trusted casino bankroll.

While the remaining 10 bitcoin, I'm going to spend that for anything I want or exchange it for fiat.

If I had 100BTC, I'd probably cash out half of it. I'm not greedy and the price used to be very high for the last couple months, so I'd use at least 20% of that to buy myself some nice treats, like a summer house near a lake.
As for the storage, I'd probably divide it into two parts. Trading and cold storage. If you're a trader, even 10BTC is a very good capital to play with and with another 90 in cold storage the risk is minimal and definitely worth it. Cold storage would consist of an offline netbook with Linux, that I'd connect only to send transactions, use only a secure network, and never install anything, open emails or surf the Internet.

for me I also do such thing! I cash-out half and save to bank and the other half I save it in my other bitcoin wallet for long term investment.

darkangel11

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Quote from: sunsilk on June 25, 2017, 09:00:20 PM

I will divide it to 4 places, 20 BTC for web wallet, 20 BTC for paper wallet, 20 BTC for desktop wallet and 20 BTC for USB wallet.

And with the other remaining ones 10 BTC will be invested to a trusted casino bankroll.

While the remaining 10 bitcoin, I'm going to spend that for anything I want or exchange it for fiat.

If I had 100BTC, I'd probably cash out half of it. I'm not greedy and the price used to be very high for the last couple months, so I'd use at least 20% of that to buy myself some nice treats, like a summer house near a lake.
As for the storage, I'd probably divide it into two parts. Trading and cold storage. If you're a trader, even 10BTC is a very good capital to play with and with another 90 in cold storage the risk is minimal and definitely worth it. Cold storage would consist of an offline netbook with Linux, that I'd connect only to send transactions, use only a secure network, and never install anything, open emails or surf the Internet.

Muhammed Zakir

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Quote from: Gens09 on June 26, 2017, 06:55:58 AM

Quote from: lyth0s on August 03, 2014, 08:40:44 AM

Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc.

I'm looking for real responses and ideas. Please keep the trolling to a minimum Tongue

store the half of the 100 bitcoin in a trading site or a bitcoin wallet to wait until the bitcoin price increases to a high price and then the half of the bitcoin i will invest in bitcoin mining to earn a profit monthly so that i will have a regular profit until and at the same time a passive income.

If you want to sell bitcoins, send bitcoins to exchanges at the time of selling! Don't *ever* store bitcoins, especially such a large sum in an online walllet or an exchange. Store it in an offline/hardware wallet and/or paper wallet(s).

yakushev

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Quote from: Gens09 on June 26, 2017, 06:55:58 AM

Quote from: lyth0s on August 03, 2014, 08:40:44 AM

Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc.

I'm looking for real responses and ideas. Please keep the trolling to a minimum Tongue

store the half of the 100 bitcoin in a trading site or a bitcoin wallet to wait until the bitcoin price increases to a high price and then the half of the bitcoin i will invest in bitcoin mining to earn a profit monthly so that i will have a regular profit until and at the same time a passive income.

Get a passive source of income everyone dreams. But not everyone can properly invest in coins. I would also break this sum into parts and invest in different projects. It's silly just to spend everything. You need to use bitcoin in order to get even more coins

Gens09

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Quote from: lyth0s on August 03, 2014, 08:40:44 AM

Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc.

I'm looking for real responses and ideas. Please keep the trolling to a minimum Tongue

store the half of the 100 bitcoin in a trading site or a bitcoin wallet to wait until the bitcoin price increases to a high price and then the half of the bitcoin i will invest in bitcoin mining to earn a profit monthly so that i will have a regular profit until and at the same time a passive income.

Emitdama

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Quote from: ViceOfBTC21 on June 24, 2017, 05:33:51 AM

Print multiple copies of paper wallets each 1 or 5 BTC and diversify them between places. Also put half of them also in the bank deposit.

I agreed some how.To avoid hacking don't trust your friends and specially those who are unknown try to avoid friend and sharing your personal life with other.It can save your wallet in software cores too.

Question123

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Quote from: cpfreeplz on June 22, 2017, 10:35:10 PM

Quote from: ?? on ??

I would use 1Bitcoin Wallet in online to save the 100btc.Or for safety I could use 10wallet for 10btc each.

omg no you wouldn't. If you had 100btc you'd be a lot more educated and you'd understand that Web wallets are the least secure way to hold bitcoins.

Using different wallet is very safe with different emails . Because if you store your bitcoin in one wallet only they have possible your bitcoin lose if the hacker open your wallet and send your wallet to his wallet. But if you use different wallet and divided into differet amount when your one account open your other wallet are secure. Maybe you can use offline wallet but be careful when you using it.

sunsilk

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I will divide it to 4 places, 20 BTC for web wallet, 20 BTC for paper wallet, 20 BTC for desktop wallet and 20 BTC for USB wallet.

And with the other remaining ones 10 BTC will be invested to a trusted casino bankroll.

While the remaining 10 bitcoin, I'm going to spend that for anything I want or exchange it for fiat.

micher143

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Quote from: ViceOfBTC21 on June 24, 2017, 05:33:51 AM

Print multiple copies of paper wallets each 1 or 5 BTC and diversify them between places. Also put half of them also in the bank deposit.

So far this is the best answer that I read, because of the splitting losing it all at once will be lessen because the funds is splitted into different cold storage so in my opinion it is good if you are holding your bitcoin into paper wallet because the hacking possibility will go down to zero so there's no entrance for hackers and that is the safest wallet of all time. Just don't lose the private key.

MetalGear

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Quote from: lyth0s on August 03, 2014, 08:40:44 AM

Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc.

I'm looking for real responses and ideas. Please keep the trolling to a minimum Tongue

If I would to store 100 bitcoin i will store it at poloniex ,poloniex is an online money trading in where you will invest your bitcoin and it will grow through buying and selling bitcoin.It is a legit online money trading website.

Lauren Smith

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Quote from: Colt22 on June 25, 2017, 04:56:32 PM

Quote from: ViceOfBTC21 on June 24, 2017, 05:33:51 AM

Print multiple copies of paper wallets each 1 or 5 BTC and diversify them between places. Also put half of them also in the bank deposit.

It is basically worth when it is in the form of bitcoin and bitcoin is usually in Internet.There is no coins of bitcoin in reality it can be store only in online wallets.If you want high profit buy bitcoins you will get high profit and it will be also store so no need to worry how to store. Paper money is also a good option but I do not think that paper material often remain for longer time.

He means a bank locker where you keep valuables. Paper money is fine. Laminate the paper wallet .
Store it in a book. I would keep a cold wallet store the osoer in a book and the book in a safe.

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