Bitcoin Forum

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! I recommend you have a look at the information here: https://bitcoin.org/en/getting-started

You'll find a great overview of some Bitcoin wallets that let you have full control over your money (which means that you control your keys).

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 :)

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.

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://bitcointalk.org/index.php?topic=2017191.0 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

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.

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.

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.

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.

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?

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

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.

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.

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

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.

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.

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

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.

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.

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!

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.

save to your own wallet

you should definitely not leave the coins online at any website or exchange....

Withdraw your bitcoins immediately from your exchange account and store it in a wallet in your pc.Don't do any transactions during august 1.If you follow these steps,then your bitcoins would be safe.

Those are nice suggestion though. Downloading of offline wallets is really a great move to stay safe. But I don’t agree with you that it would be a smart decision to sell bitcoins for altcoins. Altcoins can’t reach those prices that bitcoins do. Altcoins stand nowhere, in front of bitcoins. It’s better to hold on to bitcoins at this time then selling them for some useless altcoins.

As hardfork maybe happen, so we need to do precaution act such as ; do not save bitcoin on exchanges as you don't have control to it, save bitcoin on some wallet that provide an option to export private keys such as bitcoin core or electrum wallet. Bitcoin is worth to hold, do not sell it because hardfork issues which has benn spread misleading news/speculations about it, look at current price, recover and rise over $2800-$2900, we're on rally again guys, over $3000 soon.

Leave it there if the bitcoin price slowly drop it will be back into normal pricing some of holders wanted to have an big profit when they actually dump their coins and waiting for the price to be fall and buy again. This is they called buy and sell and as hardford will happen then maybe try to sell half of your profit exchange your coins into fiat also wait for the time that it will segwit.

I have BTC too and I dont care about it,
if you have with trading platform then your BTC will be maintained by them in their forking type.
I dont want to be confused which forking is the best, at the end you will need trading paltform,....... So I ll HODL there.

if the market exchanges is trusted, recommended, then we don't need to worried but my suggestion is if you are not sure, then you can move the most of bitcoin from the market into your personal wallet. so it will be safe for you if bad thing is happen because you still have your bitcoin in other wallet. no need to be panic and be calm down for a while because segwit or hardfork is not something that we should be afraid, i am sure everything is okay and we can continue to do whatever we want with our bitcoin.

You can save your coin in Electrum Trezor, or Mycelium these are trusted wallets or keep it there who has private keys & you should do it by 23rd July because rumors are there that exchangers can freeze there exchange so its better to do it before 1 week of 1st of August or you can invest your bitcoin in Altcoins that would also be a nice approach.

Yes now electrum is the only wallet will save our bitcoins. Most of the people are suggesting the same wallet. Or else keep it in altcoins. This is worth or not I don't know, but we don't have any other option. Still, we have to wait for 2 weeks after that everything will be setup. The coming week is very dangerous so be careful and save your coins. 

I hear news about segwit issues that make people lose their bitcoin. You are better off storing bitcoins in your trusted offline wallet. You should not make any transaction on the 1st of August so your bitcoin will remain secure.

You should sign in at bit ointalk forum to get a bitcoin.And in able to make your bitcoin grow ,ypu cn invest it at poloniex.Poloniex is an online money trading that can make your bitcoin grow bigger beyond your expectation.

For now you should sign in at bitcointalk forum to gain a bitcoin.And after that when you already got a bitcoin you can invest it at poloniex Poloniex is an online money trading website that can make yoir money multiplied.

Use some wallet which has a private key like mycelium,jaxx, paper wallet or else you have a hardware wallet that also can stored a bitcoin. Also trading site was not recommend because bitcoin might be drop the price or up the price, no one knows, stocking your bitcoin in trading site most is at risk why ? The market will be rumble because of the price of bitcoin, bitcoin is the primary source in trading that potential can affect the market( trading site), usd and eth is the secondary.

Exchanges are not even wallets but crowds use exchanges like wallets. This is very dramatic in case of a hack attempt. Download electrum or bitcoin core to store them.

I also have Bitcoins on btc-e. While I trust them, I have learned the hard way that exchanges which seem trustworthy can fail. I did not lose when MT.Gox shut down (was just learning about Bitcoin then), but I did lose 22 Bitcoins when Cryptsy stole everyone's coins and also when a different exchange (forget the name :P) shut down.

Unless you plan to trade on BTC-e, you should move your Bitcoins off of exchanges ASAP.

I think the fork is not going to happen but you are making a mistake leaving your coins in an exchange they are not going to solve anything if there was a fork you should receive coins in both chains but it is possible a dishonest exchange may pocket the coins in one of the chains and gets free money that way without them having to risk their own bitcoins.

This is still questionable to answer in full what to do is hard one to pick but what not to do is something completely different. Its always better to store them on some cold wallet but what will be if this is all just another attempt for whales to make big fuzz and mess with price. No one thinks in this direction every one just think how to move coin from one account to another.

On the one hand it risky to leave coins on exchange around Aug 1st, but on the other more trading opportunities can occur from all of this BIP and SegWit stuff.
So the only question is what risks every single person is ready to take during this period.

About what risks you talk about? You need to have safe place for your bitcoin in any case. I'm not sure, but from some articles and comments looks like hard fork and splitting coins will not happen, but what is the problem to send bitcoins in some hardware wallet.
In times like this now when price is oscillating some exchange sites can crash, that happened before, advice to move coins from exchange wallet on safe place nobody should take easy, who knows what can happen in just couple days or even faster, can you see that price gone up like a storm, that is not good for everyone.

Risks: gaining profit VS keeping funds safe.

I guess its an issue for people like OP and me, "noobs" (sorry OP :)) who has some small amounts of coins.
Of course its not a problem to move everything to hard wallet and wait for a couple of weeks or so.

Recent price oscillating is perfect from my point of view. I did ~15% of profit (of total deposit) for past week and consider this as good result for a guy that realized bitcoin pluses only a month ago and started trading only 2 weeks ago.

Lets say I have in total ~1.5k USD on exchange account in both USD and BTC. So for me its a matter of risks that I can/ready to face - whether to leave everything on exchange and continue trading during turbulent time aiming for additional profit or to remove coins from exchange to keep them safe.
Considering latest news I prefer additional profit from trading within next 2 weeks, but I am trying to track situation and ready to move everything from the exchange.

For now ypu should sign up at bitcointalk forum.Bitcointalk forum will allow you to answer questions and then give you a bitcoin in exchange With that you can have a lot of bitcoin without using so much time and so much effort.

Yeah being informed wpuld be a wise thing  to especially in these times tbough trgarding the wallet, i think blockchain is good as i use that myslef. Don't worry about the hardfork or splt as whatever happens to btc, it would tecover itself in the future and make itself a lot stronger. Just keep your bitcoins and you should be fine.

Get an electrum or bitcoincore app for mobile and computers. Then send your money to its wallet. Don't forget to take down notes the private keys and paraphrase.

If you want to keep your coins as secure as possible, then you need to send your bitcoin to a desktop wallet and you need to send to an address in that wallet and you need to have a hold of the private key of that address, it is not really a complicated issue just do that and you will be fine.

If you do have only small amounts of bitcoin then downloading electrum would already be fine for me since you can really get the private keys without the need on downloading the whole blockchain when you tend to use up bitcoin core. If you do have active transactions then blockchain web wallet isnt bad after all since ive been using this wallet ever since i do start on bitcoin world.

You are not suppose to leave your bitcoin on exchanges, It's not safe. Use wallets which you hold your own private key. Make it a habit to withdraw bitcoin from trading platforms and put it in a safe wallet.

Thats right, just to be safe save bitcoin in a wallet like electrum. For me electrum is good wallet secured and safe were you can also use anytime. Always think of to withdraw and save bitcoin in any wallet which safe this is for your own good.

You should leave you coins were there are as Notting serious will happen now. Bitcoin has it own way of fighting back it political enemies especially those that desire to split the network for their political gain. August 1 will come and go and we the bitcoin enthusiast will laugh last.

First things first, whenever there's an issue coming up with Bitcoin, I like to know my coins to a software wallet. The reason for this is not because I don't think that the website can handle the fork, the reason is because I think there are always websites out there that are waiting for an excuse to close the doors and hold on to your coins

However a hard Fork is different than just a technical issue. Understand this, if you download a software wallet from the from the core that's going to become Bitcoin cash, it doesn't really matter to those specific coins what happens in the consensus. I know that doesn't sound like it makes sense, but you will never get your coins for one fork to the other.

I don't think many web based wallets who are established would do such stupid things, but yeah you never know.

If you want to keep your coins safe and store, yes its better to avoid web based wallet, as its vulnerable to many threats. Moreover you do not have your private keys which might make it more difficult for any individual. Having your private keys is quite secure enough.

use wallets which allow you to hold the private key. If you want to trade during this time, you can try to use bittrex. They do support both bitcoin and bitcoin cash and I do love this action. It proves that bittrex do provide the advantages to all customers. All hail bittrex right now. ;)

However a hard Fork is different than just a technical issue. Understand this, if you download a software wallet from the from the core that's going to become Bitcoin cash, it doesn't really matter to those specific coins what happens in the consensus. I know that doesn't sound like it makes sense, but you will never get your coins for one fork to the other.

No coin has the potential to beat bitcoin in any way. The rivals are trying their best to create chaos among the bitcoin lovers but I am sure they will end up in nothing. All bitcoin lovers should simply avoid the terrible news regarding Segwit. Segwit is simply for the betterment of bitcoins’ future.

True to the point. Some have possibilities or should be call this potential to do it, but they wont achieve this.
Bitcoin is and always will be prime in every aspect of cryptocurrency no matter how potentially big alt comes near him.
It would take miracle for some coin to be better in any way from bitcoin.

The best advice you should get after asking such a question, is not to ask for financial advise over the internet. There are many people with their own interest or agenda in mind. Most of them only want a profit for themselves and that usualy means, less for you, more for them.

If you must ask, read those opinions, and make your own mind depending on your feeling about it and your risk readiness as your priority, in deciding what is right.

So if most places out there six months down the line are dealing with Bitcoin cash and you kept your coins with that original software lie that those are going to be Bitcoin cash there is no way you can personally turn those coins into the other Fork without going through a lot of pain. You sound like your new enough that could get kind of confusing. The only benefit to keeping them on a website or exchange this point is that those guys know we're doing and if that exchange sides in what direction that's where your coins are going to go.

You need to pay attention to a quality product, that is, a good company coins that have a good perspective and at the same time the team has proved itself well. The thing is, as for Bitcoin, you should not be upset about today's prices, because after August 1, everything will be all right. I believe that Bitcoin will regain its positions and by the end of the year can gain even two more than it is today.

Today a lot of questions are asked because of keeping their coins and not losing what they invested. Of course it gives rise to a huge panic, but I think that with the alternative currency nothing will happen. And Bitcoin needs to be stored on its wallets and no exchanges are made. All transactions can be suspended For this period and then your coins will be safe.

Where exactly did you get the idea that Segwit2x would be implemented by August 1st? Half education can be quite misleading and worse than illiteracy! First leg of Segwit2x is already on course and would culminate in a hard fork in couple of months. However come 1st of August, UASF proposes a normal segwit, which is a soft fork.

Electrum is my favorite light weight wallet, the bitcoin core is the most secure but it can take a lot of time to download the entire blockchain, while running a full node is a service to the community most people cannot afford to have a computer connected to the internet 24 hours every day.

As you said that people are getting confused that other people are making something foolish but I want to know that desktop wallet are better or online websites in these days because I would prefer desktop wallet because it is more protected than website servers because what if there is any bad happened with bitcoin in the end of 1 August.

It's really pretty complicated, and that's the only reason I suggest keeping it on a professional website is because they can handle these things, but the one drawback to that is that some of these foreign websites love to use stuff like this as an excuse to if nothing else hold your coins for a long period of time.

That site's been around for awhile, I dealt with them and I think I left just because there portfolio was getting kind of set. You should be able to trust them but at the same time if it makes you feel better you might want to move to something that's a little more established in a little more trustworthy.

Correct it may seem easier to leave your bitcoin sitting in an exchange and let them be the ones that deal with your situation but in the long run it is more work because if you want to access your bitcoin cash and do something with it you will need to ask the exchange the politics regarding bitcoin cash and hope they give to you those coins.

yes desktop wallet is more safe and specially when there is possiblality of hard fork where people have worry about that bitcoins that are in exchanges can missed. but i am hopeful that nothing is going to happen like that and bitcoin will even remain as safe in online wallets and exchagnes. i am hopeful that bitcoin price will continue increase after 1st August event.

I will agree with you. People start worrying about their trade when any kind of fall happened they don’t that there will be a rise after that. Holding bitcoin is something that needs patience so everyone should be patient. And Bitcoin has a lot of potential to fight with any difficulty and enemy of any kind. It will fight and you will see no one will be able to compete.

Bitcoin is doing well at the moment, despite the fact that the new altcoin bitcoin cash is now the number four coin only behind bitcoin, ethereum and ripple, bitcoin has done a very good job maintaining its price and I think from now on things are going to be even better.

People shouldn't be worry on what would happen to bitcoin now since as we can read on highlighted news on this furom btc transaction is so fine as before and bcc will just be an another altcoin that compete to another alts on exchange but seriously bcc got more attention and maybe this coin could rise up within this few days ahead since their are millions of dollars investments putted on it.

Use Electrum wallet, it's safe, well at least has been for years  :) Mycelium is also a good option  ;)

I second your thought about the electrum. Electrum has been serving traders for many years without any drawback. What I like most about this wallet is that anyone can operate it easily. I have never bumped into any case of electrum being hacked. The other wallet you have mentioned is also doing good job.

I also used electrum for about a year now and it is the best wallet for me because i don't encounter any problem during my usage of electrum wallet and in fact, it is very easy to use and i can control my own money even the fees are very flexible which i like in electrum and i am not planning to use other wallet because i found the best one.

buy the cheap coin then wait to high if if see you are get a profit you sell it dont hold a any coin that my strategy buy and sell

I wuold do moving forward until such time that I become rich at bitcoin.Whenever bitcoin is going up and down I will remain loyal to bitcoin.Come what may bitcoin is my only hope for the future.

That is indeed not a lot. But even though it is small, it is good practice to use software wallets or hardware ones as those are the most secure thing you'll have to protect your bitcoins and it would be your best friend. Always remember that even if it is small, as the prices go up, it could potentially be worth a lot more in the future.

I see a stupid guy here, you do not really understand segwit. 1/8 day is not a hard fork, and what happens is just a basic solution that is proposed.

When i started trading, I usually sell my coins immediately at the lowest price when the value is decreasing and that is a very bad move to do. If it starts to decrease then your mind set should be, you should hold more longer till it rise up again, Because you will just keep losing your budget if you do it that way all over and over again.

Probably that what i ought to do as well. Being relaxed when you trade is going to be better for your emotions as you won't be overthinking because usually that may cost you either a good entry or exit point in a trade

most forum posts and articles I read recommend storing btc offline. to anticipate fear of miscreation