Where are you all holding your Bitcoin for the fork?

szpalata

sr. member

Activity: 686

Merit: 253

Quote from: joolss on November 12, 2017, 04:16:15 PM

Quote from: roddy5 on November 09, 2017, 05:55:13 AM

Quote from: wilwxk on November 07, 2017, 08:29:58 PM

My bitcoi s was always in secure paper wallets which I can see my private keys. If you are in doubt of what you should do to get you post-fork coins i reccomend for you to store at any wallet which you can control your private keys and withdraw then of all exchanges or hot wallets.

I think during forks bitcoins that are stored on a paper wallet will not be awarded with the new token.
You should put your bitcoins into a wallet that will support the new coin to make sure that you will have it during the fork.

Yes to this.
I use Coinbase + two factor authenticator.
Their announcement about "24hrs" made the deal to me.

Not bad but it could also be better if you got yourself a wallet with your own private keys and not 2 factor authentication, what if the exchange themselves get hacked? You'll still loose your coins any way and so i suggest you get yourself a secured wallet with your private keys.

joolss

newbie

Activity: 11

Merit: 0

Quote from: roddy5 on November 09, 2017, 05:55:13 AM

Quote from: wilwxk on November 07, 2017, 08:29:58 PM

My bitcoi s was always in secure paper wallets which I can see my private keys. If you are in doubt of what you should do to get you post-fork coins i reccomend for you to store at any wallet which you can control your private keys and withdraw then of all exchanges or hot wallets.

I think during forks bitcoins that are stored on a paper wallet will not be awarded with the new token.
You should put your bitcoins into a wallet that will support the new coin to make sure that you will have it during the fork.

Yes to this.
I use Coinbase + two factor authenticator.
Their announcement about "24hrs" made the deal to me.

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: Pettuh4 on November 12, 2017, 02:57:25 PM

Quote from: BTCMILLIONAIRE on November 09, 2017, 07:57:32 PM

Quote from: roddy5 on November 09, 2017, 05:55:13 AM

Quote from: wilwxk on November 07, 2017, 08:29:58 PM

My bitcoi s was always in secure paper wallets which I can see my private keys. If you are in doubt of what you should do to get you post-fork coins i reccomend for you to store at any wallet which you can control your private keys and withdraw then of all exchanges or hot wallets.

I think during forks bitcoins that are stored on a paper wallet will not be awarded with the new token.
You should put your bitcoins into a wallet that will support the new coin to make sure that you will have it during the fork.

As long as you have access to your private keys it doesn't matter where you store your Bitcoin during forks. You will just have to use the private key in the respective wallet to pick up your coins.

It doesn't matter where we store them indeed since it's not on an exchange or an online wallet but then in a safe wallet where we can generate and hold our own private keys i think it's secured that way as long as we don't get reckless and give out those keys to the wrong hands.

Don't ever give your keys to anyone, period.

ashao1015

sr. member

Activity: 529

Merit: 251

The Future Of Work

It doesn't really matter in what wallet you storing your bitcoins during fork. Even if the wallet doesn't support new fork you can import your private key in the another wallet that supports it in the future. I use electrum most of the time.

Pettuh4

sr. member

Activity: 812

Merit: 251

Quote from: BTCMILLIONAIRE on November 09, 2017, 07:57:32 PM

Quote from: roddy5 on November 09, 2017, 05:55:13 AM

Quote from: wilwxk on November 07, 2017, 08:29:58 PM

My bitcoi s was always in secure paper wallets which I can see my private keys. If you are in doubt of what you should do to get you post-fork coins i reccomend for you to store at any wallet which you can control your private keys and withdraw then of all exchanges or hot wallets.

I think during forks bitcoins that are stored on a paper wallet will not be awarded with the new token.
You should put your bitcoins into a wallet that will support the new coin to make sure that you will have it during the fork.

As long as you have access to your private keys it doesn't matter where you store your Bitcoin during forks. You will just have to use the private key in the respective wallet to pick up your coins.

It doesn't matter where we store them indeed since it's not on an exchange or an online wallet but then in a safe wallet where we can generate and hold our own private keys i think it's secured that way as long as we don't get reckless and give out those keys to the wrong hands.

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: roddy5 on November 09, 2017, 05:55:13 AM

Quote from: wilwxk on November 07, 2017, 08:29:58 PM

My bitcoi s was always in secure paper wallets which I can see my private keys. If you are in doubt of what you should do to get you post-fork coins i reccomend for you to store at any wallet which you can control your private keys and withdraw then of all exchanges or hot wallets.

I think during forks bitcoins that are stored on a paper wallet will not be awarded with the new token.
You should put your bitcoins into a wallet that will support the new coin to make sure that you will have it during the fork.

As long as you have access to your private keys it doesn't matter where you store your Bitcoin during forks. You will just have to use the private key in the respective wallet to pick up your coins.

roddy5

full member

Activity: 220

Merit: 100

Quote from: wilwxk on November 07, 2017, 08:29:58 PM

My bitcoi s was always in secure paper wallets which I can see my private keys. If you are in doubt of what you should do to get you post-fork coins i reccomend for you to store at any wallet which you can control your private keys and withdraw then of all exchanges or hot wallets.

I think during forks bitcoins that are stored on a paper wallet will not be awarded with the new token.
You should put your bitcoins into a wallet that will support the new coin to make sure that you will have it during the fork.

wilwxk

sr. member

Activity: 476

Merit: 314

My bitcoi s was always in secure paper wallets which I can see my private keys. If you are in doubt of what you should do to get you post-fork coins i reccomend for you to store at any wallet which you can control your private keys and withdraw then of all exchanges or hot wallets.

iluvpie60

hero member

Activity: 700

Merit: 500

Quote from: youdacapt on November 06, 2017, 10:48:53 PM

Quote from: iluvpie60 on November 06, 2017, 10:06:13 PM

Quote from: garet on November 06, 2017, 04:18:29 AM

I'll be storing mine in a wallet just to be safe. I used to store on exchanges but I feel it gets riskier and riskier everyday.

It does get risky. I have had that coinpw website take some of my coins when they shut down. I can't remember if they were called coinpw, I think that is what it was. Also MTGOX + BTC-E got hold of some of the coins I used to have there and I had to take a hit withdrawing the ETH I had there because the government seized a bunch of people's coins.

That can't happen if you have your own coins on your own wallet and own the private keys.

Every hardfork and even all the markets do not seem to panic and are very confident doing promotional split coins, so I assume they are safe to use, if you do not want to face the risk, then blockchain remains the best choice because no negative statements ever happened. They even plan to install bitcoingold wallet for users.

It is pretty easy to split the coins yourself though and you have no risk.

I have done it myself for my bitcoin split into bitcoin cash. I found a guide and read through it, watched a video and saw how it was done.

Having anything on an exchange you are risking losing your coins. Almost every exchange out there has lost funds due to government seizing coins or been hacked in some way. Take this from someone who had BTC-E coins lost due to govt taking them away and BTC-E gave us tokens to reimburse us. Those tokens right now are only worth 50% of what I actually had. MTGOX lost everything. Bitfinex was hacked awhile back and had to do the same thing BTC-E is doing with giving out tokens. Coinexpw is gone. Many others have had issues too.

https://bitcointalksearch.org/topic/m.5769484

youdacapt

sr. member

Activity: 1876

Merit: 295

GOD is TRUE

Quote from: iluvpie60 on November 06, 2017, 10:06:13 PM

Quote from: garet on November 06, 2017, 04:18:29 AM

I'll be storing mine in a wallet just to be safe. I used to store on exchanges but I feel it gets riskier and riskier everyday.

It does get risky. I have had that coinpw website take some of my coins when they shut down. I can't remember if they were called coinpw, I think that is what it was. Also MTGOX + BTC-E got hold of some of the coins I used to have there and I had to take a hit withdrawing the ETH I had there because the government seized a bunch of people's coins.

That can't happen if you have your own coins on your own wallet and own the private keys.

Every hardfork and even all the markets do not seem to panic and are very confident doing promotional split coins, so I assume they are safe to use, if you do not want to face the risk, then blockchain remains the best choice because no negative statements ever happened. They even plan to install bitcoingold wallet for users.

iluvpie60

hero member

Activity: 700

Merit: 500

Quote from: garet on November 06, 2017, 04:18:29 AM

I'll be storing mine in a wallet just to be safe. I used to store on exchanges but I feel it gets riskier and riskier everyday.

It does get risky. I have had that coinpw website take some of my coins when they shut down. I can't remember if they were called coinpw, I think that is what it was. Also MTGOX + BTC-E got hold of some of the coins I used to have there and I had to take a hit withdrawing the ETH I had there because the government seized a bunch of people's coins.

That can't happen if you have your own coins on your own wallet and own the private keys.

bitart

hero member

Activity: 1442

Merit: 629

Vires in Numeris

As long as you don't need your coins at the time of the fork (or early after it) hardware wallets are fine. If you don't want to sell the forked coins immediately then offline storage is OK.
I'm still thinking about using an exchange, not because of I want to sell the forked coins but thinking about buying some alts because they're really cheap now compared to summer. This is only possible when you have your coins on an exchange. Just be sure to select an exchange that works under pressure too...

Fen1X

member

Activity: 81

Merit: 10

I holding most in my ledger nano s.
I believe it is best to hold them in a wallet where you have control over the private key.

thecodebear

hero member

Activity: 2240

Merit: 848

Quote from: xBitHodler on November 06, 2017, 01:10:49 PM

I consider Bitcoin SegWit2x hard fork as a well prepared air drop of "free money". Some of the NYA participants have already started to withdraw from it. About 80% of hashpower is signaling support for SegWit2x but it doesn't mean that they are going to follow this hard fork. I wouldn't be surprised if SegWit2x were worth 50% of BTC price.

If that ended up being true I'd be pumped, though if it were that high it would mean it stole a bunch of market share from bitcoin so that would not be good! I'm hoping to just sell B2X at 0.1 BTC, that way it won't have taken much from BTC market and I'd be very happy selling it for that much.

xBitHodler

member

Activity: 112

Merit: 10

I consider Bitcoin SegWit2x hard fork as a well prepared air drop of "free money". Some of the NYA participants have already started to withdraw from it. About 80% of hashpower is signaling support for SegWit2x but it doesn't mean that they are going to follow this hard fork. I wouldn't be surprised if SegWit2x were worth 50% of BTC price.

sandos

sr. member

Activity: 440

Merit: 250

#SWGT CERTIK Audited

Bitcoin Silver hard fork is different Bitcoin Gold hard fork. We will not receive Bitcoin Silver free. Therefore, to ensure safety, I will put my bitcoin in an offline wallet.

gurunanakji777

full member

Activity: 2184

Merit: 100

SOL.BIOKRIPT.COM

I am holding my bitcoin in yobit and bittrex. Last time when fork happened there were rumors save your bitcoin in offline wallet otherwise you may loose your btc but still I kept my btc in yobit that time and I got Bch. Even this time also I don't think any risk to loose my bitcoin. I trust both bittrex & yobit and will continue to keep in both.

thecodebear

hero member

Activity: 2240

Merit: 848

Quote from: FrueGreads on November 06, 2017, 05:24:31 AM

This whole situation worries me a bit as well. I usually hold my coins on a wallet, because it's safer, than leaving them on a exchange, where you normally don't have control over your private keys. But because of the lack of replay protection on this fork, I just don't know what to do. I know exchanges and wallets are going to implement their own replay protection, so it should be ok to leave the coins on a exchange that does that. Right now it could even be safer to hold them there, if your wallet is not implementing their own replay protection.

I'm using Electrum right now, and I need to do some research, to see if they will do the same. If they don't take any measures, and since I don't really want to lose any of the coins (BTC to hold, and B2x to dump), I guess I wont be moving any of my coins around, until all the dust settles.

Yeah I had been moving my coins to electrum for the forks, though the Bitcoin Gold fork happened two days earlier than they said it was going to so I ended up not doing it soon enough for that fork. But then I was looking up how to get B2X coins from electrum and I couldn't find electrum saying they would do it and i found some long process on the internet for splitting your own coins and it just seemed like such a hassle when coinbase said they will do it for you within a day after the fork. So I'm just gonna store my coins there until they are safe to move. Then I'll sell B2X for more BTC and move BTC to electrum or cold storage.

treather

full member

Activity: 266

Merit: 102

In my wallet, where else? Ever since the first fork, my instincts is to hold them myself rather than use an exchange. I have always felt fear keeping my coins in an exchange because you never know when they will go rogue.

aizen10

full member

Activity: 546

Merit: 100

for me, i preferred to use offline wallet like electrum, because i already use this wallet before and at the time that BCH hard fork comes, all of my bitcoin are stored on that wallet ive mentioned and all my bitcoin are fine. im not telling you that coinbase is not safe to store bitcoin during the fork, since you have a good experience on that wallet before, you can use that, theres no problem on that bitcoin wallet, but i recommend you to use this electrum wallet as well for more secure.

Topic: Where are you all holding your Bitcoin for the fork? (Read 1328 times)