What should I do? - page 3. | Bitcointalksearch.org

iv4n

legendary

Activity: 3248

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Quote from: moopser on July 22, 2017, 08:24:07 AM

Quote from: The_Dark_Knight on July 21, 2017, 10:16:00 PM

Quote from: nasibakar on July 17, 2017, 10:56:10 PM

I leave many of my BTC in trading wallet,
Why?
Trading platform would do the home works to
Find best solution.

I dont know to avoid forking with which wallet

I think the fork is not going to happen but you are making a mistake leaving your coins in an exchange they are not going to solve anything if there was a fork you should receive coins in both chains but it is possible a dishonest exchange may pocket the coins in one of the chains and gets free money that way without them having to risk their own bitcoins.

On the one hand it risky to leave coins on exchange around Aug 1st, but on the other more trading opportunities can occur from all of this BIP and SegWit stuff.
So the only question is what risks every single person is ready to take during this period.

About what risks you talk about? You need to have safe place for your bitcoin in any case. I'm not sure, but from some articles and comments looks like hard fork and splitting coins will not happen, but what is the problem to send bitcoins in some hardware wallet.
In times like this now when price is oscillating some exchange sites can crash, that happened before, advice to move coins from exchange wallet on safe place nobody should take easy, who knows what can happen in just couple days or even faster, can you see that price gone up like a storm, that is not good for everyone.

moopser

newbie

Activity: 90

Merit: 0

Quote from: The_Dark_Knight on July 21, 2017, 10:16:00 PM

Quote from: nasibakar on July 17, 2017, 10:56:10 PM

I leave many of my BTC in trading wallet,
Why?
Trading platform would do the home works to
Find best solution.

I dont know to avoid forking with which wallet

I think the fork is not going to happen but you are making a mistake leaving your coins in an exchange they are not going to solve anything if there was a fork you should receive coins in both chains but it is possible a dishonest exchange may pocket the coins in one of the chains and gets free money that way without them having to risk their own bitcoins.

On the one hand it risky to leave coins on exchange around Aug 1st, but on the other more trading opportunities can occur from all of this BIP and SegWit stuff.
So the only question is what risks every single person is ready to take during this period.

azguard

legendary

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This is still questionable to answer in full what to do is hard one to pick but what not to do is something completely different. Its always better to store them on some cold wallet but what will be if this is all just another attempt for whales to make big fuzz and mess with price. No one thinks in this direction every one just think how to move coin from one account to another.

The_Dark_Knight

hero member

Activity: 840

Merit: 502

Quote from: nasibakar on July 17, 2017, 10:56:10 PM

I leave many of my BTC in trading wallet,
Why?
Trading platform would do the home works to
Find best solution.

I dont know to avoid forking with which wallet

I think the fork is not going to happen but you are making a mistake leaving your coins in an exchange they are not going to solve anything if there was a fork you should receive coins in both chains but it is possible a dishonest exchange may pocket the coins in one of the chains and gets free money that way without them having to risk their own bitcoins.

RedditMaster

member

Activity: 98

Merit: 10

Quote from: mjkforum on July 17, 2017, 03:56:14 PM

Ok so here's the thing

I have a few bitcoins on btce.com and a few on a [Suspicious link removed] wallet and I've noticed the price dropped really fast the last week.
Me being a newbie and didn't quite know what was going on read something about segwit and hardfork
I learned that it would be wise not to leave the bitcoins on btce but store them somewhere else.
Is blockchain a good wallet to store the coins in during the hardfork? Or should I get another wallet?
When the coin splits I obviously want to end up with both the old an the new coin of course.

Or does someone maybe have a better idea what I should do with them?

It's not a whole lot in total, it's about 0.15 BTC or so

I also have Bitcoins on btc-e. While I trust them, I have learned the hard way that exchanges which seem trustworthy can fail. I did not lose when MT.Gox shut down (was just learning about Bitcoin then), but I did lose 22 Bitcoins when Cryptsy stole everyone's coins and also when a different exchange (forget the name Tongue

) shut down.

Unless you plan to trade on BTC-e, you should move your Bitcoins off of exchanges ASAP.

ghostunicorn

full member

Activity: 168

Merit: 100

Quote from: arransiv on July 18, 2017, 04:17:48 PM

It is always better not to leave your BTC on exchanges if you can.I know it's way more comfortable that way especially if you don't know any other way but there are a lot of situations where exchanges closed or there were some lost BTC due to some problems.That's something to keep in mind

Exchanges are not even wallets but crowds use exchanges like wallets. This is very dramatic in case of a hack attempt. Download electrum or bitcoin core to store them.

Palider

hero member

Activity: 1273

Merit: 507

Quote from: nasibakar on July 17, 2017, 10:56:10 PM

I leave many of my BTC in trading wallet,
Why?
Trading platform would do the home works to
Find best solution.

I dont know to avoid forking with which wallet

Use some wallet which has a private key like mycelium,jaxx, paper wallet or else you have a hardware wallet that also can stored a bitcoin. Also trading site was not recommend because bitcoin might be drop the price or up the price, no one knows, stocking your bitcoin in trading site most is at risk why ? The market will be rumble because of the price of bitcoin, bitcoin is the primary source in trading that potential can affect the market( trading site), usd and eth is the secondary.

Haxor321

sr. member

Activity: 489

Merit: 250

Quote from: mjkforum on July 17, 2017, 03:56:14 PM

Ok so here's the thing

I have a few bitcoins on btce.com and a few on a [Suspicious link removed] wallet and I've noticed the price dropped really fast the last week.
Me being a newbie and didn't quite know what was going on read something about segwit and hardfork
I learned that it would be wise not to leave the bitcoins on btce but store them somewhere else.
Is blockchain a good wallet to store the coins in during the hardfork? Or should I get another wallet?
When the coin splits I obviously want to end up with both the old an the new coin of course.

Or does someone maybe have a better idea what I should do with them?

It's not a whole lot in total, it's about 0.15 BTC or so

For now you should sign in at bitcointalk forum to gain a bitcoin.And after that when you already got a bitcoin you can invest it at poloniex Poloniex is an online money trading website that can make yoir money multiplied.

Lorence.xD

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

Quote from: mjkforum on July 17, 2017, 03:56:14 PM

Ok so here's the thing

I have a few bitcoins on btce.com and a few on a [Suspicious link removed] wallet and I've noticed the price dropped really fast the last week.
Me being a newbie and didn't quite know what was going on read something about segwit and hardfork
I learned that it would be wise not to leave the bitcoins on btce but store them somewhere else.
Is blockchain a good wallet to store the coins in during the hardfork? Or should I get another wallet?
When the coin splits I obviously want to end up with both the old an the new coin of course.

Or does someone maybe have a better idea what I should do with them?

It's not a whole lot in total, it's about 0.15 BTC or so

You should sign in at bit ointalk forum to get a bitcoin.And in able to make your bitcoin grow ,ypu cn invest it at poloniex.Poloniex is an online money trading that can make your bitcoin grow bigger beyond your expectation.

djoko adi

member

Activity: 84

Merit: 10

I hear news about segwit issues that make people lose their bitcoin. You are better off storing bitcoins in your trusted offline wallet. You should not make any transaction on the 1st of August so your bitcoin will remain secure.

flower1024

legendary

Activity: 1428

Merit: 1000

Quote from: harjas2517 on July 21, 2017, 02:37:41 AM

You can save your coin in Electrum Trezor, or Mycelium these are trusted wallets or keep it there who has private keys & you should do it by 23rd July because rumors are there that exchangers can freeze there exchange so its better to do it before 1 week of 1st of August or you can invest your bitcoin in Altcoins that would also be a nice approach.

Yes now electrum is the only wallet will save our bitcoins. Most of the people are suggesting the same wallet. Or else keep it in altcoins. This is worth or not I don't know, but we don't have any other option. Still, we have to wait for 2 weeks after that everything will be setup. The coming week is very dangerous so be careful and save your coins.

harjas2517

newbie

Activity: 42

Merit: 0

You can save your coin in Electrum Trezor, or Mycelium these are trusted wallets or keep it there who has private keys & you should do it by 23rd July because rumors are there that exchangers can freeze there exchange so its better to do it before 1 week of 1st of August or you can invest your bitcoin in Altcoins that would also be a nice approach.

maydna

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Activity: 2912

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Quote from: Rostchild on July 21, 2017, 12:12:19 AM

I have BTC too and I dont care about it,
if you have with trading platform then your BTC will be maintained by them in their forking type.
I dont want to be confused which forking is the best, at the end you will need trading paltform,....... So I ll HODL there.

if the market exchanges is trusted, recommended, then we don't need to worried but my suggestion is if you are not sure, then you can move the most of bitcoin from the market into your personal wallet. so it will be safe for you if bad thing is happen because you still have your bitcoin in other wallet. no need to be panic and be calm down for a while because segwit or hardfork is not something that we should be afraid, i am sure everything is okay and we can continue to do whatever we want with our bitcoin.

Rostchild

full member

Activity: 134

Merit: 100

I have BTC too and I dont care about it,
if you have with trading platform then your BTC will be maintained by them in their forking type.
I dont want to be confused which forking is the best, at the end you will need trading paltform,....... So I ll HODL there.

marcuslong

legendary

Activity: 1036

Merit: 1002

Leave it there if the bitcoin price slowly drop it will be back into normal pricing some of holders wanted to have an big profit when they actually dump their coins and waiting for the price to be fall and buy again. This is they called buy and sell and as hardford will happen then maybe try to sell half of your profit exchange your coins into fiat also wait for the time that it will segwit.

CyberKuro

hero member

Activity: 798

Merit: 506

As hardfork maybe happen, so we need to do precaution act such as ; do not save bitcoin on exchanges as you don't have control to it, save bitcoin on some wallet that provide an option to export private keys such as bitcoin core or electrum wallet. Bitcoin is worth to hold, do not sell it because hardfork issues which has benn spread misleading news/speculations about it, look at current price, recover and rise over $2800-$2900, we're on rally again guys, over $3000 soon.

Ewinsane

hero member

Activity: 980

Merit: 523

Quote from: DaMut on July 18, 2017, 02:09:06 AM

you have a few bitcoins and because of Segwit,Hardwork you don't know what will you do ?
go to :
1.bitcoin.org and find a news about this problem and what they suggest
2.https://bitcointalksearch.org/topic/august-1-bip148-preparedness-2017191 read a guidelines from Theymos

if you're lazy to go to that links i will suggest you a few points :
1.Download offline wallets (such as electrum,trezor and etc) then deposit your bitcoin there (suggested by an everybody because you have a private keys not in exchange because they have your private keys)

2.Deposit your Bitcoin to webwallet (Blockchain)

3.Spend your Bitcoin buy many an altcoin,because right now many people try to get out that mean it's a right time to start to invest for long term period

Those are nice suggestion though. Downloading of offline wallets is really a great move to stay safe. But I don’t agree with you that it would be a smart decision to sell bitcoins for altcoins. Altcoins can’t reach those prices that bitcoins do. Altcoins stand nowhere, in front of bitcoins. It’s better to hold on to bitcoins at this time then selling them for some useless altcoins.

HasHe

hero member

Activity: 952

Merit: 500

Quote from: mjkforum on July 17, 2017, 03:56:14 PM

Ok so here's the thing

I have a few bitcoins on btce.com and a few on a [Suspicious link removed] wallet and I've noticed the price dropped really fast the last week.
Me being a newbie and didn't quite know what was going on read something about segwit and hardfork
I learned that it would be wise not to leave the bitcoins on btce but store them somewhere else.
Is blockchain a good wallet to store the coins in during the hardfork? Or should I get another wallet?
When the coin splits I obviously want to end up with both the old an the new coin of course.

Or does someone maybe have a better idea what I should do with them?

It's not a whole lot in total, it's about 0.15 BTC or so

Withdraw your bitcoins immediately from your exchange account and store it in a wallet in your pc.Don't do any transactions during august 1.If you follow these steps,then your bitcoins would be safe.

Baijit20

full member

Activity: 414

Merit: 100

you should definitely not leave the coins online at any website or exchange....

sammrheza

sr. member

Activity: 448

Merit: 265

save to your own wallet

Topic: What should I do? - page 3. (Read 2957 times)