Topic: So everyone tells you to take your Bitcoins off the exchange before the fork!! - page 2. (Read 2044 times)
August 04, 2017, 04:59:33 PM
What stopped you from immediately importing the wallet and retrieving the coins?
August 04, 2017, 04:45:39 PM
Hey everyone this was just my feelings at the time. We are finding out more each hour and I believe it is important for everyone to have independent thought on this. There are many different views on why people were asked to move their coins off the exchange just before the fork but whatever the real reason is who cares now? I am in the process of getting my BCH onto Bittrex and it appears to be getting there - however the confirmations are taking forever!!
August 04, 2017, 03:30:40 PM
You're very naive to be bitching about people giving you the best advice you could ever get. If an exchange holds your bitcoins then on August 2nd decides they're going to keep everyone's BCH then you're screwed. That's it. At least you still have them. They were never 'worth' $727 anyways. Don't consider it a loss because most people still haven't figured out where to import their private keys at this point.
fair point, i'm sure he's just mad and envious of the people who dumped their bch after the fork. these people really. in the first place that advice aims to secure your bitcoin as
we don't know what will happen on august first. this advise is fairly true nothing wrong with that, it served its purpose and that is to secure your bitcoins. now if you want to take
advantage of this to earn profits, you have to take a risk and predict something which is the most possible thing to happen on the given date. one of the risks is what the guy
above me stated. People moved their bitcoins to exchanges because they prioritized their coins safety now if you want to get profits the you don't know what you're doing at least
do a research about what youre about to do. Don't blame others who gave their advices because you had a choice and will always will since its just an advice.
August 04, 2017, 03:27:27 PM
Well I am starting to think this was the crappiest piece of advice you could give! Again more paranoia about exchanges that probably will just cost me money. If I had left my coins in Kraken I would have had the equivalent in Bitcoin Cash almost immediately and I could have traded them for Bitcoin when they were 727 USD. Instead I have them stuck in a paper wallet with no real idea on how to safely sweep my Bitcoin (let alone my Bitcoin Cash) into an online wallet. So can anyone tell me if there is a process for getting both your Bitcoin and Bitcoin Cash out of these paper wallets. And PLEASE no comments that are only partial in the answer. I need (plus many millions of others no doubt) on a foolproof process to get the coins out along with a wallet that can do this.
The last time I checked when the notifications was rampant on the forum, it was just a recommendation or suggestions in which no one forced anyone to oblige to and no one even controls your key. Its meant for you alone and even for you to have gone by that suggestion means you know the risks involved by default because those exchange sites that supported BCC has notify their clients of their intentions to do so even before the fork happened in which you have the choice to have left it there.
August 04, 2017, 02:57:10 PM
You're very naive to be bitching about people giving you the best advice you could ever get. If an exchange holds your bitcoins then on August 2nd decides they're going to keep everyone's BCH then you're screwed. That's it. At least you still have them. They were never 'worth' $727 anyways. Don't consider it a loss because most people still haven't figured out where to import their private keys at this point.
August 04, 2017, 02:52:16 PM
The advice meant take them off exchange if your exchange doesn't plan to support BCash immediately, such as Coinbase or Poloniex. If your exchange already plan to support BCash immediately, why would you take your BSegwit off exchange?
Because the general advice here was to take everything out before the fork regardless of whether exchanges were to add support for BCH or not.
August 04, 2017, 12:55:49 PM
Since transferring my Bitcoin Cash to Bittrex it has been showing as pending in Bittrex for around 5 hours now. I understand that Bittrex requires 20 confirmations so is there any easy way of seeing how many confirmations have occurred so far?
I am looking at the Blockchair site but it is quite confusing?
Thanks
I am looking at the Blockchair site but it is quite confusing?
Thanks
August 04, 2017, 11:37:20 AM
If I had left my coins in Kraken I would have had the equivalent in Bitcoin Cash almost immediately and I could have traded them for Bitcoin when they were 727 USD. Instead I have them stuck in a paper wallet with no real idea on how to safely sweep my Bitcoin (let alone my Bitcoin Cash) into an online wallet.
If more people had their Bitcoin Cash at exchanges like Kraken (where you automatically got funded BCC) then the price would probably never have reached $727. It would be lower than today.
Quote
So can anyone tell me if there is a process for getting both your Bitcoin and Bitcoin Cash out of these paper wallets.
Easy: On the paper that works as your wallet you should find your private key. (If it's encrypted, then it's another story: please provide the link to the paper wallet method you used.)
1) Download Electrum and Electron Cash.
2) Install Electrum.
3) Install Electron Cash.
4) Open Electrum. Go to "Wallet -> Private Keys -> Sweep. Enter the private key from your paper wallet. Very shortly after the coins should appear in your wallet.
4b) Recommended: Create a new wallet (File -> New/Restore). Send the coins from your old wallet (it should be called "default_wallet") to an address of the new wallet.
5) Close Electrum.
6) Repeat step 4-5 with Electron Cash. If something does not work as expected, read this.
Have you tried it at the moment ?
I'm kindda afraid especially new wallet since there still no great feedback yet about that wallet or it may have any bug that able to steal not just bch but bitcoin if I give my private key to it
August 04, 2017, 11:24:28 AM
The advice meant take them off exchange if your exchange doesn't plan to support BCash immediately, such as Coinbase or Poloniex. If your exchange already plan to support BCash immediately, why would you take your BSegwit off exchange?
August 04, 2017, 08:07:28 AM
Ok - got the Bitcoin Cash into my Bittrex wallet - so I suppose there is a bit of free money still left!!
August 04, 2017, 07:31:45 AM
Ok - I have swept the Bitcoin into the Electrum wallet and the Bitcoin was confirmed in less than 15 minutes
I have swept the Bitcoin cash into Electron Cash Wallet and it confirmed in around 60 minutes
I am now in the process of trying to deposit into Bittrex so that I can trade for Bitcoin.
I have swept the Bitcoin cash into Electron Cash Wallet and it confirmed in around 60 minutes
I am now in the process of trying to deposit into Bittrex so that I can trade for Bitcoin.
August 04, 2017, 06:00:10 AM
Quote
Have you tried it at the moment ?
I'm kindda afraid especially new wallet since there still no great feedback yet about that wallet or it may have any bug that able to steal not just bch but bitcoin if I give my private key to it
I'm kindda afraid especially new wallet since there still no great feedback yet about that wallet or it may have any bug that able to steal not just bch but bitcoin if I give my private key to it
I am in the process of trying it now and will post my results
August 04, 2017, 05:48:20 AM
Well I am starting to think this was the crappiest piece of advice you could give! Again more paranoia about exchanges that probably will just cost me money. If I had left my coins in Kraken I would have had the equivalent in Bitcoin Cash almost immediately and I could have traded them for Bitcoin when they were 727 USD. Instead I have them stuck in a paper wallet with no real idea on how to safely sweep my Bitcoin (let alone my Bitcoin Cash) into an online wallet. So can anyone tell me if there is a process for getting both your Bitcoin and Bitcoin Cash out of these paper wallets. And PLEASE no comments that are only partial in the answer. I need (plus many millions of others no doubt) on a foolproof process to get the coins out along with a wallet that can do this.
1. A hard fork is a big event, it doesn't matter if the fork was initiated by a small majority, what matters is a hard fork creates a lot of uncertainty, instability right before, at, and right after forking and during this time having no control of your coins and just letting exchanges do whatever they want to do with your coins would be the stupidest thing to do. During an uncertainty if you give priority to free coins over control of your bitcoins then I guess some of us are guilty of giving this crappy advice.
2. Like d5000 mentioned, paper wallet to Electrum to Electron Cash (Recommended)
3. You can also get your BCH through Coinomi wallet, https://bitcointalksearch.org/topic/m.20605324
PS: Hard fork or not, keeping a good amount of your coins on exchanges is a bad choice.
Thanks for the information. You make valid points about the time of the fork and I agree with what you say. I guess the only thing that concerns me sometime is that for some people the idea of holding their own keys can be daunting and I don't think the Bitcoin community as a whole emphasizes some of the risks in managing your own wallets but yes if you have them under control then of course it is preferable to the Exchanges having control.
August 04, 2017, 05:15:17 AM
If I had left my coins in Kraken I would have had the equivalent in Bitcoin Cash almost immediately and I could have traded them for Bitcoin when they were 727 USD. Instead I have them stuck in a paper wallet with no real idea on how to safely sweep my Bitcoin (let alone my Bitcoin Cash) into an online wallet.
If more people had their Bitcoin Cash at exchanges like Kraken (where you automatically got funded BCC) then the price would probably never have reached $727. It would be lower than today.
Quote
So can anyone tell me if there is a process for getting both your Bitcoin and Bitcoin Cash out of these paper wallets.
Easy: On the paper that works as your wallet you should find your private key. (If it's encrypted, then it's another story: please provide the link to the paper wallet method you used.)
1) Download Electrum and Electron Cash.
2) Install Electrum.
3) Install Electron Cash.
4) Open Electrum. Go to "Wallet -> Private Keys -> Sweep. Enter the private key from your paper wallet. Very shortly after the coins should appear in your wallet.
4b) Recommended: Create a new wallet (File -> New/Restore). Send the coins from your old wallet (it should be called "default_wallet") to an address of the new wallet.
5) Close Electrum.
6) Repeat step 4-5 with Electron Cash. If something does not work as expected, read this.
Have you tried it at the moment ?
I'm kindda afraid especially new wallet since there still no great feedback yet about that wallet or it may have any bug that able to steal not just bch but bitcoin if I give my private key to it
August 04, 2017, 05:06:57 AM
Well I am starting to think this was the crappiest piece of advice you could give! Again more paranoia about exchanges that probably will just cost me money. If I had left my coins in Kraken I would have had the equivalent in Bitcoin Cash almost immediately and I could have traded them for Bitcoin when they were 727 USD. Instead I have them stuck in a paper wallet with no real idea on how to safely sweep my Bitcoin (let alone my Bitcoin Cash) into an online wallet. So can anyone tell me if there is a process for getting both your Bitcoin and Bitcoin Cash out of these paper wallets. And PLEASE no comments that are only partial in the answer. I need (plus many millions of others no doubt) on a foolproof process to get the coins out along with a wallet that can do this.
1. A hard fork is a big event, it doesn't matter if the fork was initiated by a small majority, what matters is a hard fork creates a lot of uncertainty, instability right before, at, and right after forking and during this time having no control of your coins and just letting exchanges do whatever they want to do with your coins would be the stupidest thing to do. During an uncertainty if you give priority to free coins over control of your bitcoins then I guess some of us are guilty of giving this crappy advice.
2. Like d5000 mentioned, paper wallet to Electrum to Electron Cash (Recommended)
3. You can also get your BCH through Coinomi wallet, https://bitcointalksearch.org/topic/m.20605324
PS: Hard fork or not, keeping a good amount of your coins on exchanges is a bad choice.
August 04, 2017, 04:27:37 AM
Well I am starting to think this was the crappiest piece of advice you could give! Again more paranoia about exchanges that probably will just cost me money. If I had left my coins in Kraken I would have had the equivalent in Bitcoin Cash almost immediately and I could have traded them for Bitcoin when they were 727 USD. Instead I have them stuck in a paper wallet with no real idea on how to safely sweep my Bitcoin (let alone my Bitcoin Cash) into an online wallet. So can anyone tell me if there is a process for getting both your Bitcoin and Bitcoin Cash out of these paper wallets. And PLEASE no comments that are only partial in the answer. I need (plus many millions of others no doubt) on a foolproof process to get the coins out along with a wallet that can do this.
Aside from the issue of fork, there is always a generally awareness to keep large of your funds where you can control and its because the exchange sites are mostly subject to attacks which no one know when it will be successful and in the build up to the fork period, it became more important to be more careful to avoid stories that touch. For your BCC, you are sure to get it one way or the other in due time and could even fetch you more eventually.
Yes it makes sense. We did not really know what was likely to happen. Interesting now is that I notice Coinbase are making a statement that they are going to give people their Bitcoin Cash now.
August 04, 2017, 04:23:26 AM
Well I am starting to think this was the crappiest piece of advice you could give! Again more paranoia about exchanges that probably will just cost me money. If I had left my coins in Kraken I would have had the equivalent in Bitcoin Cash almost immediately and I could have traded them for Bitcoin when they were 727 USD. Instead I have them stuck in a paper wallet with no real idea on how to safely sweep my Bitcoin (let alone my Bitcoin Cash) into an online wallet. So can anyone tell me if there is a process for getting both your Bitcoin and Bitcoin Cash out of these paper wallets. And PLEASE no comments that are only partial in the answer. I need (plus many millions of others no doubt) on a foolproof process to get the coins out along with a wallet that can do this.
Aside from the issue of fork, there is always a generally awareness to keep large of your funds where you can control and its because the exchange sites are mostly subject to attacks which no one know when it will be successful and in the build up to the fork period, it became more important to be more careful to avoid stories that touch. For your BCC, you are sure to get it one way or the other in due time and could even fetch you more eventually.
August 04, 2017, 04:18:34 AM
I wasn't to sure why they all told their customers to take them off the exchanges in the first place.
Because that was the safest thing to do. People would have wept like widows had the exchanges not actually give them the Alt coins and the most logical and safest thing to do would be to hold your own coins so you were responsible for them and could ultimately decide what to do with them.
I think the majority of the people would of been okay to be without access to their funds for a day and a forth night
I'm sure many would have been but it's easy to say this in retrospect. Many more would have complained when they wanted to dump them but didn't have access to them.
August 04, 2017, 03:49:26 AM
Well I am starting to think this was the crappiest piece of advice you could give! Again more paranoia about exchanges that probably will just cost me money. If I had left my coins in Kraken I would have had the equivalent in Bitcoin Cash almost immediately and I could have traded them for Bitcoin when they were 727 USD. Instead I have them stuck in a paper wallet with no real idea on how to safely sweep my Bitcoin (let alone my Bitcoin Cash) into an online wallet. So can anyone tell me if there is a process for getting both your Bitcoin and Bitcoin Cash out of these paper wallets. And PLEASE no comments that are only partial in the answer. I need (plus many millions of others no doubt) on a foolproof process to get the coins out along with a wallet that can do this.
Agree but sometimes it's better to be safe than sorry. This thread is ridiculous and hopefully one day the OP gets burnt for refusing to take real genuine years in the making advice from fellow Bitcoiners. Hindsight is a wonderful thing and for such a noob you have much to learn in the cryptoshere. For every moan and complaint you and others produce for being advised to take control of your own keys and destiny. There will be just as many from MtGox/BitFinex belittling your comments to leaving them on a fuckin exchange. Grow up. You were given the best advice possible - manage your own money.
So you agreed with him then a couple hours later you insult him? What's up with that?
August 04, 2017, 03:48:58 AM
If I had left my coins in Kraken I would have had the equivalent in Bitcoin Cash almost immediately and I could have traded them for Bitcoin when they were 727 USD. Instead I have them stuck in a paper wallet with no real idea on how to safely sweep my Bitcoin (let alone my Bitcoin Cash) into an online wallet.
If more people had their Bitcoin Cash at exchanges like Kraken (where you automatically got funded BCC) then the price would probably never have reached $727. It would be lower than today.
Quote
So can anyone tell me if there is a process for getting both your Bitcoin and Bitcoin Cash out of these paper wallets.
Easy: On the paper that works as your wallet you should find your private key. (If it's encrypted, then it's another story: please provide the link to the paper wallet method you used.)
1) Download Electrum and Electron Cash.
2) Install Electrum.
3) Install Electron Cash.
4) Open Electrum. Go to "Wallet -> Private Keys -> Sweep. Enter the private key from your paper wallet. Very shortly after the coins should appear in your wallet.
4b) Recommended: Create a new wallet (File -> New/Restore). Send the coins from your old wallet (it should be called "default_wallet") to an address of the new wallet.
5) Close Electrum.
6) Repeat step 4-5 with Electron Cash. If something does not work as expected, read this.
Great many thanks for this - so we should definitely sweep BTC first as this is the most important
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