Topic: What percentage of your BTC should be kept in cold storage? (Read 2498 times)
not everyone can keep 98% of their coins in cold storage, but keep as much as u can its my advice
I only have 0.7, so why would I buy anythnig with it? Doesn't make more sense that I just save all of it in cold storage? Thats what im doing so far tho. I don't get why I would want to buy some common good I can buy with FIAT, with the little BTC i have now.
Im new and only have 0.1... why should I spend any of it?
What should I do with it?
What should I do with it?
It is really up to you. You may want to gamble with it, or you may want to buy some products (eg. T-shirts, gift cards) or services.
If you don't want to buy anything with your bitcoin, you can just keep it in your cold wallet and wait for a higher price.
None. You should keep you Bitcoins in more volatile alts.
Im new and only have 0.1... why should I spend any of it?
What should I do with it?
What should I do with it?
I suggest you have a look here: https://bitpay.com/directory#/
A quick Google brings up some voucher sites too.
If not, keep it for sentimental reasons. You never know, Bitcoin could hit hit 1,000,000, then you'd have a lot of money.
Im new and only have 0.1... why should I spend any of it?
What should I do with it?
What should I do with it?
I only have 0.7, so why would I buy anythnig with it? Doesn't make more sense that I just save all of it in cold storage? Thats what im doing so far tho. I don't get why I would want to buy some common good I can buy with FIAT, with the little BTC i have now.
Cold storage would be advisable for most of your btc. I usually keep around 1 bitcoin in a hot wallet for buying goods and trading and the rest is offline. Any profit that takes my hot wallet over my 1 btc 'limit' goes straight into cold storage.
Don't think in terms of %s, think in terms of what you need to spend vs what you want to save
Spending coin in "hot wallets", saved coins in "cold" wallets
Spending coin in "hot wallets", saved coins in "cold" wallets
100% for sure, look at the past news, what we've had? The cloud, no thanks, look at all the celebrities getting their shit reelased. Exchanges? No thanks, sooner or later, everyone has gotten fucked overy exchanges, Mt Gox being the biggest fraud of all times in terms of exchanges being closed and money never being delivered back. With Bitcoin, unless you are storing your stuff on an offline computer, you are at risk.
Best is what ever you don't need to spend quickly. If you think long term holding.... then cold storage. You really don't want to have to use your cold storage daily. I think its more based on expected spending.
There is no universal answer.
If you have just a small amount of bitcoin, you probably won't bother to create a cold wallet.
On the other hand, if you expect to receive and send bitcoin out in significant amounts regularly, you probably would keep more of your bitcoin in your hot wallet so that you don't need to touch your cold wallet so often.
IMHO, you should only keep the amount you can lose in your hot wallet, and leave the rest of your bitcoin in your cold wallet.
If you have just a small amount of bitcoin, you probably won't bother to create a cold wallet.
On the other hand, if you expect to receive and send bitcoin out in significant amounts regularly, you probably would keep more of your bitcoin in your hot wallet so that you don't need to touch your cold wallet so often.
IMHO, you should only keep the amount you can lose in your hot wallet, and leave the rest of your bitcoin in your cold wallet.
Imho people should keep 90% of any worthy stock in a cold wallet, or even more considering your daily use and the amount you need to have access to at anytime.
If you want to hold you Bitcoin for few times than 100%. Otherwise it would be 50%.
I think this is a good plan.
I have 0.1 BTC in a online wallet, at all times. If the balance goes to 0.2 I will transfer 0.1 BTC to a paper wallet.
If I need more than 0.1 BTC I only sweep a paper wallet with 0.1 BTC and destroy the wallet afterwards.
Once the paper wallet is sweeped, I consider the private key compromised.
This way, I reduce my risk of getting hacked and losing all my coins, to be VERY low.
I have 0.1 BTC in a online wallet, at all times. If the balance goes to 0.2 I will transfer 0.1 BTC to a paper wallet.
If I need more than 0.1 BTC I only sweep a paper wallet with 0.1 BTC and destroy the wallet afterwards.
Once the paper wallet is sweeped, I consider the private key compromised.
This way, I reduce my risk of getting hacked and losing all my coins, to be VERY low.
I keep 30-60% in cold storage, depending on my long term outlook. The rest I keep on exchanges to trade and/or hold value in fiat until I see a strong rally to jump onto.
I put all my bitcoins on cold storage.
I keep 60% on cold storate. 30% for trading and 10% in the hot wallet.
im keeping 100% because im investing long
I myself keep 80% of my bitcoin in my cold wallet, not only to limit any hacking losses but also my gambling losses. 
Keep only what you're going to need to spend and then a little extra on a hot wallet. You can always move coins from your cold storage, but if your hot wallet gets hacked you would much rather it be a small amount than half of everything you own
Jump to: