What should I do? - page 4. | Bitcointalksearch.org

carlfebz2

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Quote from: Vixmore on July 18, 2017, 05:35:18 PM

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

Yes, this is correct. Segwit2x will be implemented to the blockchain on August 1 and this (may) cause a hard fork to happen. The best method to secure yourself from this is to buy up a hardware wallet and store your Bitcoins on that along with the private key being next to you and only accessible by you.

Buying hardware wallet would really be more costly for him seeing on his bitcoin possession it wont really be worth it just to buy that hardware for little amounts. I think it would be safer if he would use desktop wallet which you can still have the access on your private key and incase if theres a split or none atleast you do have your bitcoin and if it would need some update then its the best thing on always follow the instruction on which veteran members here saying.

bitcoineverything

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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

Hi! My opinion is if you really want your bitcoin safe, you can transfer them to a paper wallet or to an offline storage where you are the one holding your private keys. In that way, no matter what happen, your bitcoins are safe with you.

About the hardfork, there is chance it will not likely to happen - https://www.cryptocoinsnews.com/bitcoin-chain-split-hard-fork-not-likely-miners-agree-segwit/

But to make sure, another option is you can invest them to other viable cryptocurrencies.

I have sent you a private message with regard to crypto-trading. Looking forward to hear from you soon. Thanks!

moopser

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

...
2.Deposit your Bitcoin to webwallet (Blockchain)
...

Why blockchain online wallet is good or can be considered as equal to desktop wallets?
As OP and many others I also have interest of keeping BTC safe around Aug 1st.

I have some on exchanges, and registered wallet on blockchain that currently has zero "balance", and wondering where to move coins.

Vixmore

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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

Yes, this is correct. Segwit2x will be implemented to the blockchain on August 1 and this (may) cause a hard fork to happen. The best method to secure yourself from this is to buy up a hardware wallet and store your Bitcoins on that along with the private key being next to you and only accessible by you.

arransiv

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Activity: 420

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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

Siren

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Activity: 826

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Quote from: Paycoinzzz on July 18, 2017, 02:30:44 PM

Quote from: Catmony on July 18, 2017, 01:48:11 PM

Any wallet that shares private keys of your bitcoin address with you can be considered as safe wallet to store your bitcoins during hardfork. So you can choose either electrum or jaxx wallet.

Some website ICOs and people holding Bitcoin usually tell user don't try use Jaxx wallet for hold your coin, it have some issue about security but I not know clearly. I think Electrum is best desktop wallet for person want use wallet not need sync blockchain as Bitcoin Core

Exactly. Electrum is so far the best to used because its lightweight and you have control of privates key. Although I have a jaxx wallet, I haven't tried it to put bitcoin funds on it. As for Bitcoin core, it is also the best choice but it will took you so long to download the whole node. So go take out your funds from the exchanges and deposit it to a wallet that you have total controls of the keys.

aldrian09

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Activity: 308

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It is better to put your coin in wallets that you will be the one to hold the private like cold storage or hard wallet.. Putting it in exchange might put your bitcoin at stake so better put it somewhere safe.

Paycoinzzz

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Activity: 994

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Quote from: Catmony on July 18, 2017, 01:48:11 PM

Any wallet that shares private keys of your bitcoin address with you can be considered as safe wallet to store your bitcoins during hardfork. So you can choose either electrum or jaxx wallet.

Some website ICOs and people holding Bitcoin usually tell user don't try use Jaxx wallet for hold your coin, it have some issue about security but I not know clearly. I think Electrum is best desktop wallet for person want use wallet not need sync blockchain as Bitcoin Core

tigershark

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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

The best solution may be to transfer those coins to a wallet you control like an offline wallet. It should be a wallet where you have the private keys. Generally be careful with exchanges that hold your coins but especially when there is a fork. I don't know if there would be a problem but you should be aware that most experts are saying to be careful.

Catmony

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Any wallet that shares private keys of your bitcoin address with you can be considered as safe wallet to store your bitcoins during hardfork. So you can choose either electrum or jaxx wallet.

phuclzu12

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Quote from: jualidbitmixer on July 18, 2017, 11:09:08 AM

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

It's better to take out all your bitcoins from exchange wallet, because it's really risky, especially when 1st august come. It's better to stored all your bitcoins on windows wallet like bitcoincore wallet. Web wallet blockchain also good actually, they are the veteran on bitcoin web wallet, it should be good for your 0.15 btc.

Why not choose Electrum for holding your Bitcoin? This is light node wallet and not need sync blockchain as Bitcoin Core. Blockchain web wallet I think as exchange website, because we are need have wallet can give our private key

jualidbitmixer

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Activity: 532

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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

It's better to take out all your bitcoins from exchange wallet, because it's really risky, especially when 1st august come. It's better to stored all your bitcoins on windows wallet like bitcoincore wallet. Web wallet blockchain also good actually, they are the veteran on bitcoin web wallet, it should be good for your 0.15 btc.

mjkforum

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I now have a offline wallet created at www.bitadress.org
i've printed my bitcoin adress and private key.

Should be a good choice right?

pearlmen

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Activity: 322

Merit: 250

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

This would be an easy way out but at the same time not the best way out even me myself I wanted to take the back seat in this by concluding that after all, I wont be the only person affected but then realise that I will only be responsible for myself and not any one else couple with various warnings on the forum and even from the bitcoin website which suggested otherwise. Its better to be safe then move it back than to lose a whole lot of money due to being lackadaisical about things like this.

ladydark

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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 could use electrum wallet.Its the best wallet i have ever used.Just store your bitcoins in electrum wallet and leave.Don't do any transactions during august 1st.Then you would face no problems.

stomachgrowls

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Activity: 2982

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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 do also think on this thing which those exchanges would really do the work since they will surely update their wallets just to get those old and new bitcoin because if they didnt do such thing they will surely have a big problem to its users but as suggested by theymos we shouldnt store it on exchanges and wont make any transactions before/near on that day. Blockchain would be a good webwallet to store up since you do have the possesion of your keys.

sweetbet

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Activity: 961

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SweetBet.com

blockchain might be a good option, but most of the forum posts and articles that I've read recommend storing your bitcoins offline. Electrum is a desktop wallet that I use when I want to take my Bitcoins offline.

DaMut

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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

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

You should definitely not leave the coins online at any website or exchange. It would be wise if you take your coins offline to a wallet. Blockchain would be good but it would not provide the private key for. Mycelium wallet is a better option to store the coins as it has the option to get a private key and store the key at a safe place. If you lose the key you will lose all your coins. The coins should be taken off from the websites atleast a week before august 1 as some of the sites might freeze the account. I will probably take all my coins offline on 21st. 10 days before the event.

nasibakar

sr. member

Activity: 250

Merit: 250

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

Topic: What should I do? - page 4. (Read 2957 times)