bitcoineverything
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July 20, 2017, 08:16:03 AM |
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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! 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!
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carlfebz2
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July 20, 2017, 09:31:46 AM |
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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
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. 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.
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sammrheza
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July 20, 2017, 09:35:18 AM |
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save to your own wallet
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Baijit20
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July 20, 2017, 10:21:12 AM |
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you should definitely not leave the coins online at any website or exchange....
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HasHe
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July 20, 2017, 02:15:28 PM |
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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
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.
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Ewinsane
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July 20, 2017, 10:54:54 PM |
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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 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.
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CyberKuro
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July 20, 2017, 11:24:05 PM |
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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.
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marcuslong
Legendary
Offline
Activity: 1036
Merit: 1002
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July 20, 2017, 11:26:49 PM |
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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.
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Rostchild
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July 21, 2017, 04:12:19 AM |
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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.
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maydna
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July 21, 2017, 06:04:25 AM |
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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.
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harjas2517
Newbie
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Activity: 42
Merit: 0
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July 21, 2017, 06:37:41 AM |
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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.
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flower1024
Legendary
Offline
Activity: 1428
Merit: 1000
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July 21, 2017, 10:24:20 AM |
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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.
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djoko adi
Member
Offline
Activity: 84
Merit: 10
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July 21, 2017, 11:43:47 AM |
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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.
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Lorence.xD
Sr. Member
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Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
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July 21, 2017, 01:36:09 PM |
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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
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.
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Haxor321
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July 21, 2017, 01:45:08 PM |
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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
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.
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Palider
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July 21, 2017, 06:25:24 PM |
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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 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.
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ghostunicorn
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July 21, 2017, 06:55:31 PM |
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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
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.
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RedditMaster
Member
Offline
Activity: 98
Merit: 10
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July 21, 2017, 07:34:23 PM |
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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
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 ) shut down. Unless you plan to trade on BTC-e, you should move your Bitcoins off of exchanges ASAP.
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The_Dark_Knight
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July 22, 2017, 02:16:00 AM |
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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 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.
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azguard
Legendary
Offline
Activity: 1484
Merit: 1001
Crypto-News.net: News from Crypto World
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July 22, 2017, 11:47:55 AM |
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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.
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