Bitcoin Forum

How to manage your bitcoins properly ?

In bitcoin, "management" is a word that is never mentioned, no one says they manage the bitcoin of another, bitcoin is a digital coin, it's your own, you can Buy, sell, store or do anything with it, it's completely confidential, not legal. The bitcoin user is like a person in the free world, he completely owns his life, and he does not suffer any impact from the world. No one can manage your bitcoin.

you educate yourself. https://bitcoin.org/en/getting-started
then if you got stuck in any step you come here and ask a clearer question.

The OP might be asking about how to manage bitcoin as an investment.
You should diversify. Use various cryptocurrencies as well all normal investments like stocks and bonds.
All instruments have risks so you should create a portfolio that best reflects your risk/reward expectations.

For me it may be to manage bitcoin by investing in the long run and if bitcoin prices will jump high I may sell some of my bicoin and some of my bitcoin will be invested again in the long run and the result of the bitcoin I will use by buying real assets and Can be used in my family later for the future

In able to manage your bitcoin properly you can store your bitcoin at coins.ph.Coins.ph is a wallet in where you can store your bitcoin and yoir bitcoin will not be stagnant it can grow if you would invite a friend,pay bills and sell a load

Coins.ph if I'm not mistaken is an local exchanges in the Philippines. Also I doubt using exchanges to store my bitcoin. Might as used Electrum or Bitcoin Core. As others have mentioned, you need to diversity as well, so that you can mitigate your risk. Just like they say, don't put your eggs in one basket.

No, no, no.... What do you mean by "manage" your bitcoins? You should take some time and formulate your questions properly, because this is

very open ended and you will get a million answers. Most of us, manage our bitcoins ourselves by using either Desktop wallets or Online wallets or

even Hardware wallets. Please reply to this thread and tell us what you mean by "manage" or this will get out of hand.  ::)

Knowledge will set you free...and knowledge can be found on the world wide web.

Here's a few articles you should read:

• Getting started with Bitcoin (https://www.weusecoins.com/en/getting-started/)
• How to store your Bitcoin (http://www.coindesk.com/information/how-to-store-your-bitcoins/)
• The Art of Managing Multiple Bitcoin Wallets (https://btcmanager.com/the-art-of-managing-multiple-bitcoin-wallets/)
• Bitcoin: Choose your wallet (https://bitcoin.org/en/choose-your-wallet)
• Securing your Wallet (https://bitcoin.org/en/secure-your-wallet)

Forum threads are best used for specific questions or seeking educated opinions. How to manage your bitcoin is a great question, you'll find the answers in the links above.

A generally secure way of managing Bitcoins is to download a wallet like MultiBT. This allows you full control, essentially, as opposed to keeping them on an exchange which could shut down at any moment (like Cryptsy).

However, the ultimate solution is to use a paper wallet. Basically, this means you put your Bitcoins onto a piece of paper just like cash. If you lose the paper, you can NEVER get them back - so make sure to keep it safe by laminating it, and storing it somewhere you will remember & no one else has access to but you.

Hope this helps.

One of the core things that I and many others will say on this forum is that you're going to need to control your keys to be able to manage your bitcoins, or at least have full control over them. So you're first going to have to start off with picking a wallet, this can't be any online wallet which is going to have access to your keys. You're going to need to pick one where you ARE IN FULL CONTROL, be it one of the TRUSTED desktop wallets, or a mix where you have the majority control over your coins (this is something like BitGo)

Other manging skills when sending and using are going to have to be watching the fee estimators to ensuring that you're not overpaying for fees or even underpaying if you need to get things done fast.

If you are talking about managing my bitcoins properly to get rid of huge losses from big price volatility. I have half of my funds in bitcoin and half in another alts along with some fiat in hand so that I can buy whenever there will be blood bath.

But if you are talking about securely storing bitcoins than I am using different paper wallets that I have created in offline computer.

just think of the future dont treat bitcoin as a way to spend money only or as a source of income, just think that it can be good for an investment also we all want to have a better future so earning and saving bitcoin is good, limit your expenses too.

important thing about manage are secure your gadget with updates antivirus regularly.

and keep backup recovery key to another secure media.

since even you stored your investment inside your gadget(mobile or computer) or via online, but there is still many risky.

yes if you are using an online wallet make sure that you have been xreating a very strong password there and you have been enabled all the security options there so that you will be at ease, and when you are using an hardware wallet make sure that your anti virus is updates as well as your software and be careful on the links you are clicking.

Sometimes even these methods do not help from stealing coins. Therefore, it is best not to store all the coins in one purse. You need to open a few wallets and place coins in them. I now have 5 wallets on which coins are kept

There is no universal receipe for managing bitcoin, everyone has its own preferences. But I would say that the best way it's to split the coins for different purposes, like investing/trading, saving and using for the daily purposes. And the main goal is to enlarge your portfolio at the end.

What is your purpose? Regular using it? Regular trading it? Or just hold it for long term? OP you will the one who can managed your bitcoins properly. We didn't even know were you will start since I think you kinda new to this thing.

I r recommend study first. There are lots on the internet right now so self study.

The best thing to manage the Bitcoin is to make export the private key and place it at the hidden secret place or just make print out of your  private key and out in a perfect place where it is not easy to lost anything I mean to keep away from mouse .
And also you should make backup of your btc wallet , since Bitcoin private key is a option where you can access all of your btc but still backup made us the way to handle the wallet in whixh you made account .
And also if you have btc in bulk amount then the it is more better to use two factor authentication system .

I have one paper wallet and one ethereum client, I am using both of them to store my bitcoins. Paper wallet to store large stake of bitcoins and using it as cold storage while I am using ethereum as hot wallet to send/receive bitcoins daily.

that's better knowing how to keep it properly and maximize the benefits, if you know how to do your research there's some particular way to keep it
and manage it properly everything is here just need to read some thread and carefully understand and you will find the best way.

bitcoin is as same as money so why can't you manage your money. if you think you keep wasting all your earning again and again then it is a common problem. you have to just make a schedule or fixed plan and follow your own rules that way you can save some coins for a good time. always invest in something which will give you profit grater than your previous investment or whatever rate you are getting previously. save and invest t be rich.

Bitcoin management is very important if we know the meaning of investment in advance, beginners usually gain experience from the success of a failure of the investment program or trading experience. All the experience gained automatically will give the right decision to more seriously manage bitcoin. I'm not saying that beginners should have failed early, but that's better than just reading the theories and suggestions from others.

What do you mean by managing your bitcoins,most of the time they will be sleeping in my wallet and whenever i see a good investment opportunity i usually invest in those,other than that how do you manage bitcoin,spending my coins wisely is the only thing i can do and if the price rises and if i could get out at the right time,will be more than happy.

Elaborate your question what you are trying to ask this doesn't make sense. What do you mean by "Manage"?
If you are trying to ask what to do with your bitcoins in terms of investment or saving then i advice you to invest your bitcoins in trading if you are aware of the trading other wise hold them.