Where can I keep my BTC during the halving? - page 2.

extrabyte

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Quote from: talkbitcoin on July 02, 2016, 09:47:11 AM

"During halving" nothing especial is going to happen, even if there is a rise that rise will be small and the big rise will come after the shake out. so keep on holding your bitcoin in your wallet, preferably a cold storage and only take them out when you want to spend/sell them

This special thing can happen anytime like hashocean recently so if you can control your bitcoin on your own then its better for you. During the halving i would suggest OP to hold in a hardware wallet or in a multisig wallet.

ajun96

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Quote from: DOGE12321 on June 30, 2016, 04:13:56 PM

Quote from: bitscointalker on June 30, 2016, 10:45:14 AM

I normally leave my BTC in Polo so I can exchange them whenever I want.
During halving I was wondering whether this is advisable, or is better to keep them in cold storage.
What do you think about? Any suggestion?
Thanx to everyone!

Yeah, just use Polo. I would suggest you use addresses that are the base of your transactions. it doesn't make any difference though.

I think poloniex not a wallet considering poloniex is an exchange I think you have to be careful because the risk is quite large. could only exchange that is owned by a third party to be a scam? although poloniex have great trust. suggest for me do not put all your bitcoin in exchange site

blackmachinegun

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Quote from: DOGE12321 on June 30, 2016, 04:13:56 PM

Quote from: bitscointalker on June 30, 2016, 10:45:14 AM

I normally leave my BTC in Polo so I can exchange them whenever I want.
During halving I was wondering whether this is advisable, or is better to keep them in cold storage.
What do you think about? Any suggestion?
Thanx to everyone!

Yeah, just use Polo. I would suggest you use addresses that are the base of your transactions. it doesn't make any difference though.

yeah it's up to you to save your bitcoin I also save a few percent of my bitcoin in exchange sites. certainly have a function like you. when prices are high I can directly make a sale without the need to send it out of wallet without need waiting confirmation

talkbitcoin

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All I know is that I know nothing.

"During halving" nothing especial is going to happen, even if there is a rise that rise will be small and the big rise will come after the shake out. so keep on holding your bitcoin in your wallet, preferably a cold storage and only take them out when you want to spend/sell them

drwtsn32

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Quote from: bitscointalker on June 30, 2016, 10:45:14 AM

I normally leave my BTC in Polo so I can exchange them whenever I want.
During halving I was wondering whether this is advisable, or is better to keep them in cold storage.
What do you think about? Any suggestion?
Thanx to everyone!

I think that storing all your BTC in an exchange (even if there's halving or not) is not a good move.
You better have a main wallet where you store it all and just send some BTC to other accounts when you need it.

eddyubachs

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Quote from: btckold24 on July 02, 2016, 05:33:36 AM

I am glad you made this post.

I have a small amount of bitcoins on a couple exchanges but still enough that I dont want them lost. I never even though about anything weird
happening with halving. I will be moving them to my electrum wallet.

Yeah moving them to any wallet is the best idea as bitcoins are definitely safe in our wallet and there is no chance that it will be hacked or get stolen.

iv4n

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Its much better for you, and safer to make some paper wallet and when you think or wish to sell coins then you send it to exchange site. It is just precaution for you, cause we see how things can go wrong in just couple seconds. Its wise for everyone here, not just you, to make safe wallet where coins will be secured and safe from any possible treats.
I got a legger wallet, and I think its great. High protection and access only with usb drive and pin. You have other same wallets you just need to find what is suitable for you, and of course if you wish good protection you need to pay. Don`t forget that cheap things always can make you a problem, cause of that they are cheap.

btckold24

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I am glad you made this post.

I have a small amount of bitcoins on a couple exchanges but still enough that I dont want them lost. I never even though about anything weird
happening with halving. I will be moving them to my electrum wallet.

serjent05

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Quote from: bitscointalker on June 30, 2016, 10:45:14 AM

I normally leave my BTC in Polo so I can exchange them whenever I want.
During halving I was wondering whether this is advisable, or is better to keep them in cold storage.
What do you think about? Any suggestion?
Thanx to everyone!

You can use my Wallet if you want Cheesy

Am sure it is in very good hand! Cheesy

Just kidding. Seriously, you can store it in a place where you are most comfortable Cheesy

. I tried to use polo but i was too noob back then. I din use any secondary password like google authenticator. I was so confident until one day all my BTC where hacked even my altcoins that are stored there Cheesy

Then I learned the lesson the hard way Cheesy

But that thing never happened again ever since i enabled the 2fa.

avikz

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You can keep your BTC anywhere you want during the halving. It is not going to impact what you already hold. It will not deduct any of your bitcoins.

Probably you have a wrong information about the halving. It is just the decrease in mining rewards. The block will contain half rewards compared to the early rewards. It is not going to impact what you already hold. So chill and stop worrying.

stromma44

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Quote from: 23dzmaz on July 02, 2016, 02:42:02 AM

Quote from: bitscointalker on June 30, 2016, 10:45:14 AM

I normally leave my BTC in Polo so I can exchange them whenever I want.
During halving I was wondering whether this is advisable, or is better to keep them in cold storage.
What do you think about? Any suggestion?
Thanx to everyone!

I think it's better to keep your bitcoins on your own wallet not on exchanger. Because the halving is a big event and we don't want to see another big scam on exchanger right.

Yeah save it in your wallet as that is the safest place to save your bitcoins, cannot afford to trust any site for making any investment now, as in long run it will turn out to be a scam.

Btcvilla

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Really matters how much you have. If you have tons of BTC, put it in cold storage like Trezor. If its small, put it in something like Electrum or Bitcoin Core. Never, ever keep your Bitcoin in someone else's wallet. Always have control of your Bitcoin.

23dzmaz

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Quote from: bitscointalker on June 30, 2016, 10:45:14 AM

I normally leave my BTC in Polo so I can exchange them whenever I want.
During halving I was wondering whether this is advisable, or is better to keep them in cold storage.
What do you think about? Any suggestion?
Thanx to everyone!

I think it's better to keep your bitcoins on your own wallet not on exchanger. Because the halving is a big event and we don't want to see another big scam on exchanger right.

bitkilo

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Just never store them on an online wallet or especially exchange.
When you have finished trading for the night take all your coins offline to a wallet that only you control.

hasiramasenju

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Quote from: bitscointalker on June 30, 2016, 10:45:14 AM

I normally leave my BTC in Polo so I can exchange them whenever I want.
During halving I was wondering whether this is advisable, or is better to keep them in cold storage.
What do you think about? Any suggestion?
Thanx to everyone!

you should be a bit cautious because i have experience that save my bitcoin at poloniex but didn't do trading activities and they said to me if i don't trade they will freeze my funds because poloniex is not online wallet and my advice to you just withdraw all your funds from these exchange and save it into cold storage if it necessary

rphk

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you can store on paper wallet , or sell at higher price or you can convert it to normal currency with the exchange and when in need to buy again bitcoins

, i believe halving does not create much impact as the value also co related during transaction .

blockgators

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Quote from: bitscointalker on June 30, 2016, 10:45:14 AM

I normally leave my BTC in Polo so I can exchange them whenever I want.
During halving I was wondering whether this is advisable, or is better to keep them in cold storage.
What do you think about? Any suggestion?
Thanx to everyone!

You should keep your btc somewhere it can make interest for you. If you just want to store them then a cold wallet would work. Put some to work in a btc bank like BTC POP. It will earn 5% interest in a saving account wallet there.

Hirose UK

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Quote from: pedrog on June 30, 2016, 10:52:31 AM

You should keep your bitcoin mainly in addresses you control only move them whem you need to make trades, the halving is not any different.

agree. I just keep my bitcoin on my wallet as usual whether the halving will come or not. nothing changes.

Alley

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You guys just don't get that some of us are traders and do have to keep large amounts on a exchange. How do I make money doing several trades per day if I take your advice and put everything in cold storage or use trezor?

MTBTT

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Quote from: CryptoBjorn on July 01, 2016, 03:54:21 PM

Anything over 5 bitcoin I store on my trezor wallet. It's safe and the price for this security is nothing compared to the fact what you can lose.
So forget the halving, if you got money and you are serious about it, store it offline or even better, buy a trezor.

I think this is not about safe and comfortable. but will ease you to sell when halving come and bring a high price
so you could sell instantly ?

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