It's actually easy to get your bitcoin out of your hard wallet and transfer it to some exchange and sell all of your bitcoin to your desired price if ever you wanna sell at peak. And yeah there are times that the bull run lasts shorter and will go back to the lower price but you can convert it to some stable coins so you are still ready if ever the price will go pump again and ready to sell it.
To However, dont you use some technical analysis to assess the price? So you may know when to transfer your btc because timing is also significant for you to not left hanged.
Topic: I want to put my Bitcoin on a hardware wallet, but... - page 2. (Read 619 times)
So this is not a Bitcoin Discussion but more like Trading Discussion.
You haven't even bought bitcoin and you are already trying to think about selling it.
To answer your question you will have a difficult time proceeding with your plan.
Once the bitcoin price surge, transaction time goes longer and fees soar.
Then, there is confirmation from blockchain then the exchange.
If it will happen for a day then maybe you will have a chance.
For a hardware wallet, there is no exchange button there. It's not made for that.
You haven't even bought bitcoin and you are already trying to think about selling it.
To answer your question you will have a difficult time proceeding with your plan.
Once the bitcoin price surge, transaction time goes longer and fees soar.
Then, there is confirmation from blockchain then the exchange.
If it will happen for a day then maybe you will have a chance.
For a hardware wallet, there is no exchange button there. It's not made for that.
It depends on how quickly you can send your transactions and possibly how much money you can pay (even when the price doesn't jump that high, we can see a tx with 300 sat per byte fee). If a scenario like that does indeed play out, regardless of what wallet you use, there will be a race from everyone who wants to sell their coins asap.
Keep in mind that a price jump to $30k is unlikely to be followed by a drop to $10k within a day. So, depends on your luck and how much you're willing to pay, you can still make some profits if the price indeed jump that high.
What HW has built-in exchange function?
Keep in mind that a price jump to $30k is unlikely to be followed by a drop to $10k within a day. So, depends on your luck and how much you're willing to pay, you can still make some profits if the price indeed jump that high.
In that way, you can still buy low sell high just using the built in exchange in your hardware wallet.
What HW has built-in exchange function?
The point of using a hardware wallet is mostly for long-term storage anyway and not frequently trading, but you could simply fix this problem by sending your coins over to the exchange using a higher fee, so your transaction would hopefully be immediately confirmed by the next block.
If you're a trader, just simply leave a certain amount of money on exchanges and move the rest onto your cold storage.
If you're a trader, just simply leave a certain amount of money on exchanges and move the rest onto your cold storage.
We have USDT coin now so basically when the Bitcoin pump buy USDT and if it is going to dump then Buy bitcoin using USDT. In that way, you can still buy low sell high just using the built in exchange in your hardware wallet. This is also what I am doing when I am using Binance or Coinbase, there's no need to transfer your money into the bank USDT or any USD based cryptocurrency will do the job. 
There's a lot of app where you can integrate your hardware wallet there and trade.
There's a lot of app where you can integrate your hardware wallet there and trade.
Of course, you can always send it anywhere. That is yours, after all. It depends on how you would want to sell it. You can sell it through exchanges or through P2P.
Speaking of coinbase, however, the pattern has already been more or less established that every time Bitcoin pumps the site crashes. Whether it is intentional or not, I cannot be sure. But then if the price jump is very quick and the site is shutting down, you will have to look for other options. But there are hundreds of other exchanges, anyway.
Speaking of coinbase, however, the pattern has already been more or less established that every time Bitcoin pumps the site crashes. Whether it is intentional or not, I cannot be sure. But then if the price jump is very quick and the site is shutting down, you will have to look for other options. But there are hundreds of other exchanges, anyway.
How long you think to transfer it to exchanges? Commonly, it won't take hours or even days. So, in this matter, you must have enough time to sell your Bitcoin once it is rising as you expected. But surely, you must choose big exchanges like Binance to make sure there are big buy-orders. If you choose small exchanges, I doubt you can sell all your Bitcoins. 
Saving BTC on hardware is a safer choice than having to store in an exchange wallet. You can sell BTC that you store in the hardware wallet by transferring it to the exchange you want to use, such as binance, coinbase or other exchanges.
When the BTC price jumps to $ 30k you should try to sell it and immediately transfer your BTC to the exchange. BTC price fluctuations are indeed very crazy, rising with high prices and falling very sharply.
When the BTC price jumps to $ 30k you should try to sell it and immediately transfer your BTC to the exchange. BTC price fluctuations are indeed very crazy, rising with high prices and falling very sharply.
what happens if I ever wanna buy? For example, let’s say BTC price jumps to 30k tomorrow but it only lasts for a few hours and it plummets back to 10k. Will I be able to sell it at all? How would I go about doing that? Would I have to transfer it back to some sort of exchange (like Coinbase)? How would I even do that?
Well in that scenario you will have to send your BTC to the exchange to sell it for USDT, but you need them to confirm before the price crash. After buying USDT you have to wait for the crash and when that happens you have to buy BTC again with your USDT. The last step is to send the BTC back to your hardware wallet.
As i mentioned, the risk comes if your transaction doesn't confirm in the right time to ride the bump and dump.
It's not hard to transfer your bitcoin into exchange from your hard wallet, owning a hard wallet will give you more security as you are not prone from hacking unlike when you just let your bitcoin sit an exchange. You can send from your hard wallet but just make sure you put enough mining fee so the transaction will be confirm faster, you know when there is a sudden pump, it will also result to congestion in the blockchain.
lastly, search in youtube, there are a lot of tutorials there.
lastly, search in youtube, there are a lot of tutorials there.
what happens if I ever wanna buy? For example, let’s say BTC price jumps to 30k tomorrow but it only lasts for a few hours and it plummets back to 10k. Will I be able to sell it at all? How would I go about doing that? Would I have to transfer it back to some sort of exchange (like Coinbase)? How would I even do that?
We know that its most likely an impossible scenario to happen where btc jump 30k tomorrow and then last only for few hours and goes back to 10k.
thats an obvious way on showing up extreme manipulation of the market.
. Going back into your question..If you do want to sell? then you would basically need to transfer those btcon that hardware wallet into an exchange btc aaddress.
Here are some informational vids that do connects out into your concern. https://www.youtube.com/watch?v=od61rhOvwnc
I'm not familiar with any of the recent hardware wallets, but I'd think that any hardware wallet worth its salt would require you transfer the coins to an exchange etc.
Hardware wallet is all about the hodl game.
Hardware wallet is all about the hodl game.
what happens if I ever wanna buy? For example, let’s say BTC price jumps to 30k tomorrow but it only lasts for a few hours and it plummets back to 10k. Will I be able to sell it at all? How would I go about doing that? Would I have to transfer it back to some sort of exchange (like Coinbase)? How would I even do that?
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