Electrum and 1st of August.

[SVK]

Hi all,

I have all my BTC on Electrum since 2013.
Now this hardfork is coming and I'm not sure what to do.

Please can you tell me if I should quickly download BTC core wallet and transfer all BTC there or should I just leave all BTC on Electrum ?

Thank you very much for help

[BTCLovingDude]

This explains most things that you need to know: http://docs.electrum.org/en/latest/hardfork.html

[SVK]

This explains most things that you need to know: http://docs.electrum.org/en/latest/hardfork.html

Thank you very much for your help.

I have stumbled across that article and my head exploded that's why I went on here to ask.

I have zero clue what is that guy talking about. Splitting coins ?
I'm not confident enough to start splitting anything. I can cut apple in two half's but not bitcoin

He is talking about command lines but I'm using Windows 7

Who the fuck fell on his head and came up with idea to split bitcoin ? WTF ?

Would it be best if I change all BTC into cash ?
(unfortunately I'm not verified on any exchange so I will not be able to take money out)

[Minecache]

This explains most things that you need to know: http://docs.electrum.org/en/latest/hardfork.html

Thank you very much for your help.

I have stumbled across that article and my head exploded that's why I went on here to ask.

I have zero clue what is that guy talking about. Splitting coins ?
I'm not confident enough to start splitting anything. I can cut apple in two half's but not bitcoin

He is talking about command lines but I'm using Windows 7

Who the fuck fell on his head and came up with idea to split bitcoin ? WTF ?

Would it be best if I change all BTC into cash ?
(unfortunately I'm not verified on any exchange so I will not be able to take money out)

The best advice would be to leave your coins untouched until everything has settled down and the dev updates the wallets to include easy chain splitting. I use Electrum too and this is my plan.

[negancoin]

if are not trading just create a paper wallet and move all ur BTC into it. and wait to see what's gonna happen.

[SVK]

This explains most things that you need to know: http://docs.electrum.org/en/latest/hardfork.html

Thank you very much for your help.

I have stumbled across that article and my head exploded that's why I went on here to ask.

I have zero clue what is that guy talking about. Splitting coins ?
I'm not confident enough to start splitting anything. I can cut apple in two half's but not bitcoin

He is talking about command lines but I'm using Windows 7

Who the fuck fell on his head and came up with idea to split bitcoin ? WTF ?

Would it be best if I change all BTC into cash ?
(unfortunately I'm not verified on any exchange so I will not be able to take money out)

The best advice would be to leave your coins untouched until everything has settled down and the dev updates the wallets to include easy chain splitting. I use Electrum too and this is my plan.

Thank you very much

That's one of the best options
I didn't touch it since 2013 but now Bitcoin is gone from August 1 I'm not sure.

It's sad to see bitcoin going as it was interesting ride for couple of years but I guess nothing lasts forever.

[SVK]

if are not trading just create a paper wallet and move all ur BTC into it. and wait to see what's gonna happen.

Never traded BTC I'm just hoarder holder

What is paper wallet(heard about it before but never investigated further) ?

Thank you

[crazyivan]

No need to do anything. Just make sure your coins are safe in your Electrum wallet and offline if possible. There s no proof there will be BTC fork at all, we can only wait ATM.

[BTCLovingDude]

This explains most things that you need to know: http://docs.electrum.org/en/latest/hardfork.html

Thank you very much for your help.

I have stumbled across that article and my head exploded that's why I went on here to ask.

I have zero clue what is that guy talking about. Splitting coins ?
I'm not confident enough to start splitting anything. I can cut apple in two half's but not bitcoin

that guy, Thomas Voegtlin, is the developer of Electrum
and splitting coins means only in case two chains coexist. but in case in the future any fork regarding scaling happens and only one chain exists in the end, you don't have to do anything at all.

He is talking about command lines but I'm using Windows 7

you can always run a live linux quickly and do these steps.

and i believe they have added new features in the newer versions and also the 2.9 is coming which will have additional features. and won't need command line.
i really haven't checked this much. read here: https://github.com/spesmilo/electrum/blob/master/RELEASE-NOTES#L1-L6
2.9 is NOT released yet.

Who the fuck fell on his head and came up with idea to split bitcoin ? WTF ?

Would it be best if I change all BTC into cash ?
(unfortunately I'm not verified on any exchange so I will not be able to take money out)

you have 2 options:
1. wait it out. just do nothing. don't touch the coins, don't try to sell or anything and wait to see what happens and after a while when things became clear start again.
2. sell from a small portion to all your coins until you are left with a more comfortable number. for example if you have 10,000BTC and you are nervous then sell 6,000BTC and hold 4,000BTC to feel more comfortable

whether selling is better or not, i can not tell you. sorry!

[Minecache]

if are not trading just create a paper wallet and move all ur BTC into it. and wait to see what's gonna happen.

Never traded BTC I'm just hoarder holder

What is paper wallet(heard about it before but never investigated further) ?

Thank you

It's a piece of paper that holds your private and public key.

[SVK]

No need to do anything. Just make sure your coins are safe in your Electrum wallet and offline if possible. There s no proof there will be BTC fork at all, we can only wait ATM.

Electrum wallet - I just have icon on my desktop.
I have copied electrum.dat to USB but I'm not sure if that is what you mean.?

Offline ?

I don't want to be pain but sadly I'm a bit clueless

[SVK]

This explains most things that you need to know: http://docs.electrum.org/en/latest/hardfork.html

Thank you very much for your help.

I have stumbled across that article and my head exploded that's why I went on here to ask.

I have zero clue what is that guy talking about. Splitting coins ?
I'm not confident enough to start splitting anything. I can cut apple in two half's but not bitcoin

that guy, Thomas Voegtlin, is the developer of Electrum
and splitting coins means only in case two chains coexist. but in case in the future any fork regarding scaling happens and only one chain exists in the end, you don't have to do anything at all.

He is talking about command lines but I'm using Windows 7

you can always run a live linux quickly and do these steps.

and i believe they have added new features in the newer versions and also the 2.9 is coming which will have additional features. and won't need command line.
i really haven't checked this much. read here: https://github.com/spesmilo/electrum/blob/master/RELEASE-NOTES#L1-L6
2.9 is NOT released yet.

Who the fuck fell on his head and came up with idea to split bitcoin ? WTF ?

Would it be best if I change all BTC into cash ?
(unfortunately I'm not verified on any exchange so I will not be able to take money out)

you have 2 options:
1. wait it out. just do nothing. don't touch the coins, don't try to sell or anything and wait to see what happens and after a while when things became clear start again.
2. sell from a small portion to all your coins until you are left with a more comfortable number. for example if you have 10,000BTC and you are nervous then sell 6,000BTC and hold 4,000BTC to feel more comfortable

whether selling is better or not, i can not tell you. sorry!

10,000 Bitcoins lol.

I don't have that many

I'm still on Electrum 1.6.1 should I update it to newer version or old one is good enough ?

Thank you very much for your help

[Minecache]

No need to do anything. Just make sure your coins are safe in your Electrum wallet and offline if possible. There s no proof there will be BTC fork at all, we can only wait ATM.

Electrum wallet - I just have icon on my desktop.
I have copied electrum.dat to USB but I'm not sure if that is what you mean.?

Offline ?

I don't want to be pain but sadly I'm a bit clueless

Just don't open the wallet.

[SVK]

if are not trading just create a paper wallet and move all ur BTC into it. and wait to see what's gonna happen.

Never traded BTC I'm just hoarder holder

What is paper wallet(heard about it before but never investigated further) ?

Thank you

It's a piece of paper that holds your private and public key.

Where can I find it in Electrum ?

Electrum displays only History - Send-Receive-Contacts-Wall

There is no option to print/download any private/public keys. 

[crazyivan]

No need to do anything. Just make sure your coins are safe in your Electrum wallet and offline if possible. There s no proof there will be BTC fork at all, we can only wait ATM.

Electrum wallet - I just have icon on my desktop.
I have copied electrum.dat to USB but I'm not sure if that is what you mean.?

Offline ?

I don't want to be pain but sadly I'm a bit clueless

Yes, just dont touch it. The best option would be to have it on a separate offline machine, but this is more related to safety then to actual potential fork. There s really no need for you to worry, business as usual, let s wait and see what happens.

[BTCLovingDude]

Electrum wallet - I just have icon on my desktop.
I have copied electrum.dat to USB but I'm not sure if that is what you mean.?

Offline ?

I don't want to be pain but sadly I'm a bit clueless

offline aka cold storage: http://docs.electrum.org/en/latest/coldstorage.html

two things you need to back uo
1. seed: http://docs.electrum.org/en/latest/faq.html#what-is-the-seed
2. wallet file: http://docs.electrum.org/en/latest/faq.html#where-is-my-wallet-file-located

you can and should write down the seed on piece of paper.

I'm still on Electrum 1.6.1 should I update it to newer version or old one is good enough ?

Thank you very much for your help

wow, that is OLD
be careful when upgrading. make sure to back up your wallet file and seed first and also read this link: http://docs.electrum.org/en/latest/faq.html#how-to-upgrade-electrum
then upgrade. the wallet has changed since version 1.x and you may encounter some troubles. so it is best to have these 2 backups just in case.

Where can I find it in Electrum ?

Electrum displays only History - Send-Receive-Contacts-Wall

There is no option to print/download any private/public keys. 

SEED is the only thing you need.
private keys can also be found if you right click on each address in address tab (which is visible by default in version 1.6) and click private keys. or from the menu use export pivate keys under the wallet link.

[Minecache]

if are not trading just create a paper wallet and move all ur BTC into it. and wait to see what's gonna happen.

Never traded BTC I'm just hoarder holder

What is paper wallet(heard about it before but never investigated further) ?

Thank you

It's a piece of paper that holds your private and public key.

Where can I find it in Electrum ?

Electrum displays only History - Send-Receive-Contacts-Wall

There is no option to print/download any private/public keys. 

Just create the paper wallet elsewhere print out the private and public key then transfer your bitcoins into the paper wallet. Honestly I think that you are best just to wait until all the dust settles.

[SVK]

Electrum wallet - I just have icon on my desktop.
I have copied electrum.dat to USB but I'm not sure if that is what you mean.?

Offline ?

I don't want to be pain but sadly I'm a bit clueless

offline aka cold storage: http://docs.electrum.org/en/latest/coldstorage.html

two things you need to back uo
1. seed: http://docs.electrum.org/en/latest/faq.html#what-is-the-seed
2. wallet file: http://docs.electrum.org/en/latest/faq.html#where-is-my-wallet-file-located

you can and should write down the seed on piece of paper.

I'm still on Electrum 1.6.1 should I update it to newer version or old one is good enough ?

Thank you very much for your help

wow, that is OLD
be careful when upgrading. make sure to back up your wallet file and seed first and also read this link: http://docs.electrum.org/en/latest/faq.html#how-to-upgrade-electrum
then upgrade. the wallet has changed since version 1.x and you may encounter some troubles. so it is best to have these 2 backups just in case.

I bought BTC in 2013 and guy said to me to use Electrum to store them.
So I downloaded Electrum and didn't fidle with it since.

I'm mining ALT coins and all that stuff but I have stopped doing anything BTC related since Habannero boards stopped being profitable.

I have seed (random words) stored on USB drive.
I have Electrum.dat on the same USB drive.
Is this good enough backup before updating ?

What issues can I encounter ?

I'm going to read that article about upgrading.

I really appreciate your help

[SVK]

Electrum wallet - I just have icon on my desktop.
I have copied electrum.dat to USB but I'm not sure if that is what you mean.?

Offline ?

I don't want to be pain but sadly I'm a bit clueless

offline aka cold storage: http://docs.electrum.org/en/latest/coldstorage.html

two things you need to back uo
1. seed: http://docs.electrum.org/en/latest/faq.html#what-is-the-seed
2. wallet file: http://docs.electrum.org/en/latest/faq.html#where-is-my-wallet-file-located

you can and should write down the seed on piece of paper.

I'm still on Electrum 1.6.1 should I update it to newer version or old one is good enough ?

Thank you very much for your help

There is no option to print/download any private/public keys.  

SEED is the only thing you need.
private keys can also be found if you right click on each address in address tab (which is visible by default in version 1.6) and click private keys. or from the menu use export pivate keys under the wallet link.

I have right clicked on address and it gave me 4 options

Copy to clip board
View QR
Edit Label
Sign message

Which one is private key ?

[Minecache]

Electrum wallet - I just have icon on my desktop.
I have copied electrum.dat to USB but I'm not sure if that is what you mean.?

Offline ?

I don't want to be pain but sadly I'm a bit clueless

offline aka cold storage: http://docs.electrum.org/en/latest/coldstorage.html

two things you need to back uo
1. seed: http://docs.electrum.org/en/latest/faq.html#what-is-the-seed
2. wallet file: http://docs.electrum.org/en/latest/faq.html#where-is-my-wallet-file-located

you can and should write down the seed on piece of paper.

I'm still on Electrum 1.6.1 should I update it to newer version or old one is good enough ?

Thank you very much for your help

wow, that is OLD
be careful when upgrading. make sure to back up your wallet file and seed first and also read this link: http://docs.electrum.org/en/latest/faq.html#how-to-upgrade-electrum
then upgrade. the wallet has changed since version 1.x and you may encounter some troubles. so it is best to have these 2 backups just in case.

I bought BTC in 2013 and guy said to me to use Electrum to store them.
So I downloaded Electrum and didn't fidle with it since.

I'm mining ALT coins and all that stuff but I have stopped doing anything BTC related since Habannero boards stopped being profitable.

I have seed (random words) stored on USB drive.
I have Electrum.dat on the same USB drive.
Is this good enough backup before updating ?

What issues can I encounter ?

I'm going to read that article about upgrading.

I really appreciate your help

There is a new version of Electrum releasing this week.

https://twitter.com/electrumwallet?lang=en

Maybe wait for that one?