EdenHazard
Legendary
 Offline
Activity: 2674
Merit: 1048
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February 29, 2016, 06:16:13 PM |
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Hi all,
I am a newbie so I need an advice on what u people do with your money. I usual take short time trades and have all my money in euros and in one exchange, however this does make me feel uncomfortable, suggestions are most welcome.
i'm also newbie on money storing strategy,even i have long time ago know about bitcoin,but never have good strategy to control my money. so i just suggest you what currently i doing for strategy storing money,i just try to safe every funds that i get from bitcoins and other income,and i promise to my self to more patient if have money,so my strategy is just patient if have some money. |
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BlueStackz
Legendary
Offline
Activity: 1204
Merit: 1028
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February 29, 2016, 06:32:58 PM |
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I don't recommend leaving much money on an exchange. Just enough to make your trades. I lost some this way. You could leave a little with coinbase but still maybe most of it on an offline wallet.
Yes I also think we should keep our hard earned bitcoins in Wallets rather then in exchange. How did you manage to lose your bitcoins in exchange, by trading or hacked ? |
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aardvark15
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March 01, 2016, 02:14:55 AM |
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I used to trade bitcoins for US dollars and euros on Cryptsy and I thought I was doing well with it. Then the site shut down. Be careful with exchanges and don't put a lot of money in them. I would like to find another exchange, but I don't know of many right now that I would trust. Any ideas?
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pooya87
Legendary
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Activity: 3430
Merit: 10504
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March 01, 2016, 08:13:47 AM |
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Hi all,
I am a newbie so I need an advice on what u people do with your money. I usual take short time trades and have all my money in euros and in one exchange, however this does make me feel uncomfortable, suggestions are most welcome.
keeping any money at exchangers are not a safe idea anymore. there has been enough exchangers that were hacked or ran away with the money that it is not safe to trust them anymore. what i do is that i always withdraw any funds i have on the exchanger after i am done with the trades or i don't want to take any position in the orderbooks. |
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bebeko
Newbie
Offline
Activity: 42
Merit: 0
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March 16, 2016, 02:50:04 PM |
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I used to trade bitcoins for US dollars and euros on Cryptsy and I thought I was doing well with it. Then the site shut down. Be careful with exchanges and don't put a lot of money in them. I would like to find another exchange, but I don't know of many right now that I would trust. Any ideas?
I feel sorry about that mate, why not try yobit.net? look at my signature campaign, it is legitimate and many users are using it. I recommend it to you, I hope you'll try it. |
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Hazyel
Newbie
Offline
Activity: 49
Merit: 0
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April 02, 2016, 02:47:24 PM |
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I used to trade bitcoins for US dollars and euros on Cryptsy and I thought I was doing well with it. Then the site shut down. Be careful with exchanges and don't put a lot of money in them. I would like to find another exchange, but I don't know of many right now that I would trust. Any ideas?
Poloniex seems the best right now. |
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vero
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April 02, 2016, 08:49:34 PM |
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never save all your money in exchange because isn't good how if that exchanger collapsed, you will lose all your money. i suggest only save your money on exchanger for trade.
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Fortify
Legendary
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Activity: 2646
Merit: 1176
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April 02, 2016, 09:35:42 PM |
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It depends how much money you're talking about and how much you are adding to it each month. You might want to try investing in physical gold, silver, platinum, coins - the possibilities are endless. There is always the option of investing in domains or websites that can bring in a reoccurring income with some maintenance.
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equator
Legendary
Offline
Activity: 1190
Merit: 1002
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April 04, 2016, 08:02:32 AM |
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Hi all,
I am a newbie so I need an advice on what u people do with your money. I usual take short time trades and have all my money in euros and in one exchange, however this does make me feel uncomfortable, suggestions are most welcome.
You are asking what we do with our money, i am in to bitcoin and alt coin trading, so i invest in bitcoin and some in alt coin exchange and do daily trading, and keeping the balance bitcoins in different exchanges according to my requirement. some i keep in online web exchange for doing daily trading, balance i keep in desktop wallet for future expenses. |
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andycarrol
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April 04, 2016, 08:24:14 AM |
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Hi all,
I am a newbie so I need an advice on what u people do with your money. I usual take short time trades and have all my money in euros and in one exchange, however this does make me feel uncomfortable, suggestions are most welcome.
in bitcoin also you can make a short time trade. but I would suggest trading altcoins, due to better profits. |
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BitcoinSupremo
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April 04, 2016, 09:19:32 AM |
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Best way to store your BTC is in a hardware wallet (Malware free so far) Trezor a expensive one and Ledger Nano a cheap one. They are both good for this.
If you don't want to spend money, try desktop wallets then, I suggest a safe OS like Linux you can install it in an old PC and keep it only for BTC, use a lightweight wallet like Electrum, store its seed securely.
Never trust an online exchange no matter how good they appear to be, there is always the chance they shut down and you lose your BTC there, if you cannot stay away and wants to trade, leave just a small amount there for your everyday trading.
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