Topic: Where can I keep my BTC during the halving? - page 4. (Read 3007 times)
No only for the halving, always is better to have your bitcoins with you than on exchanges. Use cold storage for long time investment, or keep them on a desktop software wallet, and sent to the exchange only when you want to trade with them.
All people here not agree with you if you still store your bitcoin on poloniex or other exchange,even you not waiting for bitcoin halving,store your bitcoin on exchange was not good decision,its might the worst. just store your bitcoin in online wallet or hardware wallet.
Mt Gox and other failed exchanges should have been a lesson to most of us, but it seems as though people wants to make the same mistakes. We warn people not to use exchanges as a storage for
their Bitcoin, but they simply do not listen. These are all centralized {hackable} services and should be avoided at all cost, or only to trade in small quantities and to convert to fiat, if needed. The
safest method to store your coins, would be cold storage {paper wallets} but take care in doing it offline.
their Bitcoin, but they simply do not listen. These are all centralized {hackable} services and should be avoided at all cost, or only to trade in small quantities and to convert to fiat, if needed. The
safest method to store your coins, would be cold storage {paper wallets} but take care in doing it offline.
I don't suggest that you keep your coins in the exchangers , you can simply keep them into your wallet address which you control it and having private key
Doesn't matter what Bitcoin's up to in the wider world, for the sake of a few minutes to an hours' wait there's no reason to keep anything on an exchange any time ever. Even the exchange itself would agree with that if they're reputable.
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!
it doesnt matter where you put them, your coins arent affected by the halfing, only the block reward is. continue to use your bitcoins as you would.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!
however i suggest not keeping them in an exchange because thats not that safe.
Only an insane man would leave Bitcoins outside of his own hard disk in 2016, the only exceptions being paper wallets and specialized devices like Trezor or Ledger Nano which is pretty cool.
But please do not leave your BTC in exchanges, the catastrophe is unavoidable then.
But please do not leave your BTC in exchanges, the catastrophe is unavoidable then.
I agree, there are records in history where exchanges shutsdown. Worst is several of them are the Larger Exchange. So, unless you are using your BTC in trading, better not leave it in exchanges. Save it in cold waller or whatever the best method is.
you should always keep your bitcoin in cold storage and only take them out if you want to use it or do some trade with them like selling
Only an insane man would leave Bitcoins outside of his own hard disk in 2016, the only exceptions being paper wallets and specialized devices like Trezor or Ledger Nano which is pretty cool.
But please do not leave your BTC in exchanges, the catastrophe is unavoidable then.
But please do not leave your BTC in exchanges, the catastrophe is unavoidable then.
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!
And what do you think halving will do to the coins you stashed? Because I don't understand your way of thinking here.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!
Coins stashed in online wallets - especially exchange wallets are not safe, because as we all know exchanges are the most vulnerable bitcoin satellite services.
Halving is not an event that will impact wallets or coins (in a direct way) which are already mined so it doesn't matter where you will keep yours.
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.
indeed !
I don't think exchanges are going to pack up because of the halving, it's up to you but I would just carry on as normal.
What i do is i have several wallets. I have paper wallets for the vast fortune of bitcoins i hold but dont trade (its not much) and then i have my mobile wallet which i use for buying things i need quickly or for whatevr reason. Ive got core running on my pc which is a kind of in the middle man and then i keep small amounts that im willing to lose on exchanges. You shouldnt be keeping everything on an exchange. Thats golden rule no1 in bitcoin, If you dont control your private key then you dont control your bitcoins.
You should as a matter of principle keep the bulk of your holding in cold storage. The last time we had a serious run-up, we lost MtGox. We could see another exchange go down in this bull run. Be cautious.
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!
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!
It is not advisable to keep bitcoins in exchanges as any time anything can happen and you dont have control over the exchange wallets. so it is always recommended to keep your bitcoins in your web or desktop wallet and when ever you feel to sell that time you can transfer and sell it. whether it is halving or not always this process will save you from any exchange fraud or scams.
Keep it secure in an easily accessible wallet, whether it is a online, offline or hardware wallet. Only then you can make the move when the price is at its peak and get the profit of halving.
I think sell it when the price is high after block halving so that you can make more profit before the price is going down..
Also don't hold your bitcoin in polo better to look for other wallet or desktop wallet so that you can o that you far if the polo is down or scam in the future..
Also don't hold your bitcoin in polo better to look for other wallet or desktop wallet so that you can o that you far if the polo is down or scam in the future..
I guess no good to save bitcoin in a long time in the exchange, because it is not a special place created to store bitcoin. it may be better to use a trusted official site for storing bitcoin that you have, and maybe blockchain is a very good place, because it has long been used. but if you do not want to sell for a long time, and want to play a trade at any time, may save the bitcoin that you have on the site of trade, may be better.
If you think price will pumped on halving than hold them in your bitcoin address rather than in exchanger. And don't worry if you like to sell your coins when your desired price is reached, just send bitcoin to exchanger with quite large fee to make it go within next block. I don't think within 10 minutes or so price will move more than 10 to 20$. So don't worry and only put bitcoin in addresses whose private key is with you.
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!
really?doyou think poloniex is safest and comfortable place to put and store your bitcoin?i think you dont need to risk your bitcoin on exchange just because it will more easy to trade with altcoin,its not wise. i think the best wallet to store your bitcoin still on wallet,offline (hardware) or online wallet are the best choice so far. 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!
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