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Author Topic: How do you store your bitcoins?  (Read 92194 times)
noormcs5
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April 29, 2017, 11:13:21 AM
 #1161

I only have a few BTC so I invested and the other Coins, hope it will be nice
This sounds good. I think there didn't any sense just keep such a small amount of Bitcoin in a wallet, it's never given you good profit while a good capital related to good profit in forward. So, focus to keep growing your Bitcoin through investment or altcoins trading must be the choice.



I think this is the best way to benefit from bitcoin by investing and trading altcoin, but if we are in the must to choose one of the two to minimize which loss is better trading or investment?

I think investment is like easy money. You just have to invest one time in a good program and you will get easy money without having to be worried about any skills which are required in trading.

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April 29, 2017, 12:02:01 PM
 #1162

General good advice: spread your coins. Not only between wallets, but investments. Be careful, it is difficult to come up with a good investment-tactics! But it is a must. You do not simply "have" money. You generate money or you lose money. There is no path between. Just consider, holding BTC is not simply "having", but a way of investment too! Question is, do you really want to rely on this single investment?

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April 29, 2017, 12:38:27 PM
 #1163

I only have a few BTC so I invested and the other Coins, hope it will be nice
This sounds good. I think there didn't any sense just keep such a small amount of Bitcoin in a wallet, it's never given you good profit while a good capital related to good profit in forward. So, focus to keep growing your Bitcoin through investment or altcoins trading must be the choice.



I think this is the best way to benefit from bitcoin by investing and trading altcoin, but if we are in the must to choose one of the two to minimize which loss is better trading or investment?

It depends, if you are good in Trading, then you must go to trading to reduce the risk that you are going to take, because if you are going to do Investment and you are not good at it, then you will just lose your capital and the profit that you could earn. So, before we do something, we must think first  and ask ourselves where do I excel, is it a better choice? something like that.

We are going to take risk here, and we are going to lose our bitcoin if we are not going to pay attention on what we are going to do, either to Invest it or to use it on Trading, and if your excuse is that you are still a newbie for this thing, then read the appropriate thread where you could learn this things.
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April 29, 2017, 12:41:43 PM
 #1164

General good advice: spread your coins. Not only between wallets, but investments. Be careful, it is difficult to come up with a good investment-tactics! But it is a must. You do not simply "have" money. You generate money or you lose money. There is no path between. Just consider, holding BTC is not simply "having", but a way of investment too! Question is, do you really want to rely on this single investment?

Many people are looking in bitcoin for the standard profit investment. They didn't achieve it, That's why the huge number of people support to hold the bitcoin instead investing anyways in bitcoin. It's need widespread among all the people and white hat investment option should more than lending, gambling, trading and other forms of investments.
paul gatt
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April 29, 2017, 01:08:50 PM
 #1165

I only have a few BTC so I invested and the other Coins, hope it will be nice
This sounds good. I think there didn't any sense just keep such a small amount of Bitcoin in a wallet, it's never given you good profit while a good capital related to good profit in forward. So, focus to keep growing your Bitcoin through investment or altcoins trading must be the choice.



I think this is the best way to benefit from bitcoin by investing and trading altcoin, but if we are in the must to choose one of the two to minimize which loss is better trading or investment?

I think investment is like easy money. You just have to invest one time in a good program and you will get easy money without having to be worried about any skills which are required in trading.

In theory, it is easy, however, in fact, what we know is not true. Businesses always find the dangers to entrepreneurs, forcing business people to be assertive, skilled in the workplace, and financially viable. For a business, even if one option is wrong, you can lose everything.
thend1949
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April 29, 2017, 01:15:23 PM
 #1166

Mostly i store bitcoins on online wallets because i feel more secure on storing under their services because im a kind of person that can easily forgot or misplace things so it will be risky for me to store using private keys or in my computer because i may misplace and cant find them anymore
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April 29, 2017, 01:27:49 PM
 #1167

when i get bitcoin i invest them in different ways so that is why i can store my bitcoins. i invest them in cloud mining sites and also some other sites.
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April 29, 2017, 01:49:34 PM
 #1168


So mostly everyone think that the most secure way to store the Bitcoin(s) are using a paper wallet? yes they are secure, it is getting more reliable if you are using the multisig approach
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April 29, 2017, 03:47:15 PM
 #1169

See , bitcoin can only be stored in wallets no matter online or offline. If your talking about investing then there are many ways to invest them. One of the ways is that buy other crypto currency and wait for the prices to rise. Other things even you can decide buy things which have a chance to have a raise in their prices

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babysweetTiger0401
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May 01, 2017, 06:04:53 PM
 #1170

Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?

My Bitcoin so far was in mycelium , and electrum wallet. Then I also have in the exchange sites such as bittrex, c-cex, novaexchange, and yobit but not that as high amount only enough for buying altcoin if there are coins in the platform will be dump.
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May 01, 2017, 06:06:59 PM
 #1171

Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?

My Bitcoin so far was in mycelium , and electrum wallet. Then I also have in the exchange sites such as bittrex, c-cex, novaexchange, and yobit but not that as high amount only enough for buying altcoin if there are coins in the platform will be dump.

Yes its better not to put huge amount of bitcoins on exchange site as you never know how long those sites will survive and if gets hacked or disappeared then you will be loosing all your coins so its always good to save them in offline wallet.
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May 01, 2017, 06:20:44 PM
 #1172

I preferred to store bitcoins in a secured online wallet,
and also storing them in various trusted online exchange websites. Smiley

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May 01, 2017, 06:28:37 PM
 #1173

Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?

My Bitcoin so far was in mycelium , and electrum wallet. Then I also have in the exchange sites such as bittrex, c-cex, novaexchange, and yobit but not that as high amount only enough for buying altcoin if there are coins in the platform will be dump.

Yes its better not to put huge amount of bitcoins on exchange site as you never know how long those sites will survive and if gets hacked or disappeared then you will be loosing all your coins so its always good to save them in offline wallet.
although there are so many trusted exchanges who are working for long long time but i think still we need to remain as careful, as anything can happen, even the exchanges can also be hacked just like bitfinex when the whole exchange was hacked and people lost so much big big  big amount money and still not recover, therefor it is too much important to be careful while putting our money in an exchange, we need to select a trusted exchange ans always put a small amount in such exchanges.
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May 01, 2017, 07:19:56 PM
 #1174

Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?

My Bitcoin so far was in mycelium , and electrum wallet. Then I also have in the exchange sites such as bittrex, c-cex, novaexchange, and yobit but not that as high amount only enough for buying altcoin if there are coins in the platform will be dump.

Yes its better not to put huge amount of bitcoins on exchange site as you never know how long those sites will survive and if gets hacked or disappeared then you will be loosing all your coins so its always good to save them in offline wallet.
although there are so many trusted exchanges who are working for long long time but i think still we need to remain as careful, as anything can happen, even the exchanges can also be hacked just like bitfinex when the whole exchange was hacked and people lost so much big big  big amount money and still not recover, therefor it is too much important to be careful while putting our money in an exchange, we need to select a trusted exchange ans always put a small amount in such exchanges.

For me Poloniex is the best place to store my bitcoins by I don't store huge amount there and I make sure that whenever I make profits I withdraw it at a right time and transfer those bitcoins to my offline wallet where no one can hack my bitcoins.
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May 01, 2017, 07:32:30 PM
 #1175

Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?

My Bitcoin so far was in mycelium , and electrum wallet. Then I also have in the exchange sites such as bittrex, c-cex, novaexchange, and yobit but not that as high amount only enough for buying altcoin if there are coins in the platform will be dump.

Yes its better not to put huge amount of bitcoins on exchange site as you never know how long those sites will survive and if gets hacked or disappeared then you will be loosing all your coins so its always good to save them in offline wallet.
although there are so many trusted exchanges who are working for long long time but i think still we need to remain as careful, as anything can happen, even the exchanges can also be hacked just like bitfinex when the whole exchange was hacked and people lost so much big big  big amount money and still not recover, therefor it is too much important to be careful while putting our money in an exchange, we need to select a trusted exchange ans always put a small amount in such exchanges.

For me Poloniex is the best place to store my bitcoins by I don't store huge amount there and I make sure that whenever I make profits I withdraw it at a right time and transfer those bitcoins to my offline wallet where no one can hack my bitcoins.
The author of the theme is a pillow with humor to this issue, in some countries money is still stored in glass jars or in the freezer of the refrigerator, they are in the financial institutions of the state. Thus to protect themselves from loss and from taxes. Fortunately, there are no such problems with Bitcoin.
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May 01, 2017, 07:35:06 PM
 #1176

I preferred to store bitcoins in a secured online wallet,
and also storing them in various trusted online exchange websites. Smiley

They maybe trusted but there is nothing like securing your own bitcoin in you own local wallet.  They are easier access and you have full control of your bitcoin because you have a private key for it.  I secure mine in my local computer and printing out the private key for the purpose of backing up since we do not know when our local storage disk will give up.
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May 01, 2017, 08:43:52 PM
 #1177

I don’t use any single storage to save my bitcoins because that is risky and if it’s hacked, you are gone forever. I prefer to diversify. I use a hardware wallet for the major percentage of my bitcoin savings and few online wallets for regular funds.

I trade actively and hence I keep a minor percentage of my bitcoin savings in some online wallets to fund my trading accounts. However, I use a combination of online accounts for receiving payments from various trade accounts. Diversification is the key of the security here.

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May 01, 2017, 08:59:35 PM
 #1178

I preferred to store bitcoins in a secured online wallet,
and also storing them in various trusted online exchange websites. Smiley
Dont you think that stacking your bitcoins at different online cryptocurrency exchanges is a good idea?
There were many cases in which people have lost their money, just because the website was suspended, but the support claimed that everything is fine.
After few days, it has turn out that pretty much people using this page have lost their money.

If you do not have any kind of an access to the private key of your wallet, you should avoid such a wallet service. Also, it is not so hard to hack the online wallets, when offline ones are pretty much secured: unless the thief is going to find out where do you store btc ( it might be also paper wallet, or a hardware one)

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May 01, 2017, 09:03:39 PM
 #1179

I do not store them at single place and prefer to store them at multiple places and multiple wallets, at a moment I have divided my bitcoins online wallet, offline wallet, some of them are on exchange sites too.
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May 01, 2017, 09:09:32 PM
 #1180

Store them away where only you have access to them. Some address where you have access to the public and private keys. That's most important. Don't let any other entity other than you have access to the private key.

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