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Author Topic: where are you keeping your coins (1 aug)  (Read 3039 times)
Open4lies
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July 19, 2017, 04:38:24 PM
 #41

The safest way to keep your bitcoins is cold storage like hard wallet or paper wallets, 2nd choice is electrum wallet , personally i keep small amount of bitcoin on exchange for trading.
When have HardFork can split network blockchain Bitcoin, I think exchange site will turn down and offline all market. Because when try trading in this time, they will get error and loss Bitcoin of user. You can find in Poloniex blog they had said about this happens and the ways they will do


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marcuslong
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July 19, 2017, 07:54:22 PM
 #42

Im already sold my coins and now im earning again from trading and gambling 😂 Because im afraid to lose profit and im in need right now to pay some expenses its really hard to manage money that is why but for sure before that coming i already had bitcoin and waiting for the segwit to happen
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July 19, 2017, 08:02:29 PM
 #43

I don't usually hold any bitcoins at all but I'll be saving a few bucks on my blockchain.info wallet just to see what's going to happen with them in the case of a split. Cheesy

Need some spare btc for a new PC that can at least run Adobe Dreamweaver.

BTC - 19qm3kH4MZELkefEb55HCe4Y5jgRRLCQmn ♦♦♦ ETH - 0xd71ACd8781d66393eBfc3Acd65B224e97Ae1952D
Lexis77
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July 19, 2017, 08:46:33 PM
 #44

I already withdrawed my bitcoins from online wallets and converted to fiat  Wink Wink Wink

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Drnice
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July 19, 2017, 09:33:17 PM
 #45

For now my Bitcoin is still in coinbase, but before August first, I will sell them off or I use it to purchase altcoins.
This might not be impressive, but its what on my mind.
Drnice
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July 19, 2017, 09:34:40 PM
 #46

I already withdrawed my bitcoins from online wallets and converted to fiat  Wink Wink Wink

A very smart and sharp decision you made there, that's impressive.
nethan1btc
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July 19, 2017, 11:42:17 PM
 #47

Im already sold my coins and now im earning again from trading and gambling 😂 Because im afraid to lose profit and im in need right now to pay some expenses its really hard to manage money that is why but for sure before that coming i already had bitcoin and waiting for the segwit to happen

The same with me mate,  I already sold my assets from trading and hopefully next days I am exchanging my bitcoins to fiat cash to make it much more safer. So in the future price to rise significantly I can buy back and hold bitcoins for another long term investments. That will be the best ways to keep your coins and another altcoins, you must exchange it first and make it digital again after August 1.
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July 20, 2017, 12:00:27 AM
 #48

Bitcoin on Exodus, shitcoins on exchanges with profitable sell orders, i dont think that anything will happen but maybe some of them get pumped.
sprinkles
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July 20, 2017, 12:26:09 AM
 #49

I use an Electrum wallet with keys and seed stored in an encrypted document on pen drives in a few locations in case of disaster.
Feels safe enough.

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talks_cheep
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July 20, 2017, 02:54:52 AM
 #50

During the periods of crisis, cash is king.

kodtycoon
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July 20, 2017, 03:05:11 AM
 #51

In the wallet that provides the private key because if keeping in the wallet without holding the private key the bad risk is we may lose the bitcoins we keep, I think keeping in blockchain.info is also pretty good.

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brownfly
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July 20, 2017, 03:10:35 AM
 #52

Ledger Wallet

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arwin100
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July 20, 2017, 03:16:19 AM
 #53

I'm looking to use electrum when august 1 comes but I'm also thinking to convert my btc balance for ETH for a while since I think ETH will be the next choice and maybe the price of it will pump since I think the conversion demand will rise since many traders nor people where unsure for btc in august time happening, But for now I will just watch on which are better choices since I'm making sure that my money is at safe wallet or coins when the split happens.

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July 20, 2017, 04:35:46 AM
 #54

Right now I am holding my coins in a Blockchain.info wallet. I have the private key with me, but even then I will be moving my coins to a desktop wallet. I don't trust Blockchain.info. Recently, they are having a lot of issues, and some of the users were robbed of their hard-earned coins.
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July 20, 2017, 04:58:47 AM
 #55

since there's a lot of warning came from theymos. so i think I'm just gonna put all my bitcoin in my trezor bitcoin wallet since there will be a huge events that will come up on bitcoin so i need to secure my bitcoin so im just gonna put it there 1st week before august 1. it's only above $100 but it's definitely worth it that's why i bought it. Smiley
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July 20, 2017, 06:03:26 AM
 #56

I mainly use cold storage anyways but I have a few coins spread across different hot wallets that I am going to have to consolidate before August 1st. The main one I need to move off of is coinbase. I don't have that much there (nor do I ever), but from what I have read so far, that said they were only going to support one form of the upgrade correct?
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July 20, 2017, 06:08:35 AM
 #57

what the title says  Grin

Well, in preparation for the hard fork that will most likely be happening on August the first, I have done some distribution of funds into 3 different wallets. I have listed them below.

1. This is my offline storage or cold storage and I use a Ledgerwallet Nano S to store the majority of my bitcoin. I store approximately 60 percent of all my funds there and I would recommend doing the same. It is super safe and I have had no issues for my entire lifetime of using it.

2. For approximately 20-30 percent of my funds, I use Electrum since it is paper weight and you can also set custom fees. I use this account for shopping and buying stuff at a discount, say steam gift cards for 70 percent of it's value.

3. For my 3rd wallet, I use Electrum for mobile and there is around 10 percent of funds loacted there. I use this for when I am on the go, and making a couple of trades.

 

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July 20, 2017, 06:22:25 AM
 #58

For me, with the several threads I have read on the forum, I go the way of keeping it where I have the private key to the wallet which is why I am going the way of Electrum because it provides me with such opportunities which I am comfortable with as no one knows what will happen eventually post August 1.
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July 20, 2017, 06:36:05 AM
 #59

During the periods of crisis, cash is king.

I do agree that cash is king but after you sell you may not be able to get at the price after all these things settle down. So instead of keeping cash, I bought some good altcoins at the very low price last week and some bitcoins are stored in an offline wallet. I strongly believe that Bitcoin prices will go high by end of next month.
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July 20, 2017, 06:43:33 AM
 #60

During the periods of crisis, cash is king.

Partly. In no way, shape, or form is it recommended to liquidate your entire holdings to fiat. I personally won't ever liquidate any of my holdings just to lower my overall risk exposure in case of a looming threat, but I definitely understand that it might be helpful for others. I like to keep my complete stash in tact. In order to benefit from a potentially badly tanked price, I just make sure I have always enough fiat on hand. My main goal is to accumulate, and not risk buying back my coins at higher levels.
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