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moopser
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July 22, 2017, 12:24:07 PM
 #41

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 Smiley
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.

On the one hand it risky to leave coins on exchange around Aug 1st, but on the other more trading opportunities can occur from all of this BIP and SegWit stuff.
So the only question is what risks every single person is ready to take during this period.
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July 22, 2017, 01:23:58 PM
 #42

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 Smiley
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.

On the one hand it risky to leave coins on exchange around Aug 1st, but on the other more trading opportunities can occur from all of this BIP and SegWit stuff.
So the only question is what risks every single person is ready to take during this period.


About what risks you talk about? You need to have safe place for your bitcoin in any case. I'm not sure, but from some articles and comments looks like hard fork and splitting coins will not happen, but what is the problem to send bitcoins in some hardware wallet.
In times like this now when price is oscillating some exchange sites can crash, that happened before, advice to move coins from exchange wallet on safe place nobody should take easy, who knows what can happen in just couple days or even faster, can you see that price gone up like a storm, that is not good for everyone.

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moopser
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July 22, 2017, 02:34:33 PM
 #43

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 Smiley
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.

On the one hand it risky to leave coins on exchange around Aug 1st, but on the other more trading opportunities can occur from all of this BIP and SegWit stuff.
So the only question is what risks every single person is ready to take during this period.


About what risks you talk about? You need to have safe place for your bitcoin in any case. I'm not sure, but from some articles and comments looks like hard fork and splitting coins will not happen, but what is the problem to send bitcoins in some hardware wallet.
In times like this now when price is oscillating some exchange sites can crash, that happened before, advice to move coins from exchange wallet on safe place nobody should take easy, who knows what can happen in just couple days or even faster, can you see that price gone up like a storm, that is not good for everyone.
Risks: gaining profit VS keeping funds safe.

I guess its an issue for people like OP and me, "noobs" (sorry OP Smiley) who has some small amounts of coins.
Of course its not a problem to move everything to hard wallet and wait for a couple of weeks or so.

Recent price oscillating is perfect from my point of view. I did ~15% of profit (of total deposit) for past week and consider this as good result for a guy that realized bitcoin pluses only a month ago and started trading only 2 weeks ago.

Lets say I have in total ~1.5k USD on exchange account in both USD and BTC. So for me its a matter of risks that I can/ready to face - whether to leave everything on exchange and continue trading during turbulent time aiming for additional profit or to remove coins from exchange to keep them safe.
Considering latest news I prefer additional profit from trading within next 2 weeks, but I am trying to track situation and ready to move everything from the exchange.



MetalGear
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July 22, 2017, 03:20:06 PM
 #44

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 ypu should sign up at bitcointalk forum.Bitcointalk forum will allow you to answer questions and then give you a bitcoin in exchange With that you can have a lot of bitcoin without using so much time and so much effort.
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July 24, 2017, 09:58:23 AM
 #45

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 ypu should sign up at bitcointalk forum.Bitcointalk forum will allow you to answer questions and then give you a bitcoin in exchange With that you can have a lot of bitcoin without using so much time and so much effort.

Yeah being informed wpuld be a wise thing  to especially in these times tbough trgarding the wallet, i think blockchain is good as i use that myslef. Don't worry about the hardfork or splt as whatever happens to btc, it would tecover itself in the future and make itself a lot stronger. Just keep your bitcoins and you should be fine.


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July 24, 2017, 10:09:37 AM
 #46

Get an electrum or bitcoincore app for mobile and computers. Then send your money to its wallet. Don't forget to take down notes the private keys and paraphrase.

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The_Dark_Knight
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July 25, 2017, 03:47:04 AM
 #47

...
2.Deposit your Bitcoin to webwallet (Blockchain)
...

Why blockchain online wallet is good or can be considered as equal to desktop wallets?
As OP and many others I also have interest of keeping BTC safe around Aug 1st.

I have some on exchanges, and registered wallet on blockchain that currently has zero "balance", and wondering where to move coins.
If you want to keep your coins as secure as possible, then you need to send your bitcoin to a desktop wallet and you need to send to an address in that wallet and you need to have a hold of the private key of that address, it is not really a complicated issue just do that and you will be fine.
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July 25, 2017, 03:51:52 AM
 #48

...
2.Deposit your Bitcoin to webwallet (Blockchain)
...

Why blockchain online wallet is good or can be considered as equal to desktop wallets?
As OP and many others I also have interest of keeping BTC safe around Aug 1st.

I have some on exchanges, and registered wallet on blockchain that currently has zero "balance", and wondering where to move coins.
If you want to keep your coins as secure as possible, then you need to send your bitcoin to a desktop wallet and you need to send to an address in that wallet and you need to have a hold of the private key of that address, it is not really a complicated issue just do that and you will be fine.
If you do have only small amounts of bitcoin then downloading electrum would already be fine for me since you can really get the private keys without the need on downloading the whole blockchain when you tend to use up bitcoin core. If you do have active transactions then blockchain web wallet isnt bad after all since ive been using this wallet ever since i do start on bitcoin world.

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July 25, 2017, 04:34:28 AM
 #49

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 Smiley

You are not suppose to leave your bitcoin on exchanges, It's not safe. Use wallets which you hold your own private key. Make it a habit to withdraw bitcoin from trading platforms and put it in a safe wallet.

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July 25, 2017, 05:59:46 AM
 #50

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 Smiley

You are not suppose to leave your bitcoin on exchanges, It's not safe. Use wallets which you hold your own private key. Make it a habit to withdraw bitcoin from trading platforms and put it in a safe wallet.
Thats right, just to be safe save bitcoin in a wallet like electrum. For me electrum is good wallet secured and safe were you can also use anytime. Always think of to withdraw and save bitcoin in any wallet which safe this is for your own good.
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July 25, 2017, 07:02:56 AM
 #51

You should leave you coins were there are as Notting serious will happen now. Bitcoin has it own way of fighting back it political enemies especially those that desire to split the network for their political gain. August 1 will come and go and we the bitcoin enthusiast will laugh last.
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July 25, 2017, 05:46:53 PM
 #52

First things first, whenever there's an issue coming up with Bitcoin, I like to know my coins to a software wallet. The reason for this is not because I don't think that the website can handle the fork, the reason is because I think there are always websites out there that are waiting for an excuse to close the doors and hold on to your coins
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July 25, 2017, 05:47:36 PM
 #53

However a hard Fork is different than just a technical issue. Understand this, if you download a software wallet from the from the core that's going to become Bitcoin cash, it doesn't really matter to those specific coins what happens in the consensus. I know that doesn't sound like it makes sense, but you will never get your coins for one fork to the other.
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July 25, 2017, 07:00:51 PM
 #54

First things first, whenever there's an issue coming up with Bitcoin, I like to know my coins to a software wallet. The reason for this is not because I don't think that the website can handle the fork, the reason is because I think there are always websites out there that are waiting for an excuse to close the doors and hold on to your coins

I don't think many web based wallets who are established would do such stupid things, but yeah you never know.

If you want to keep your coins safe and store, yes its better to avoid web based wallet, as its vulnerable to many threats. Moreover you do not have your private keys which might make it more difficult for any individual. Having your private keys is quite secure enough.
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July 25, 2017, 07:04:00 PM
 #55

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
use wallets which allow you to hold the private key. If you want to trade during this time, you can try to use bittrex. They do support both bitcoin and bitcoin cash and I do love this action. It proves that bittrex do provide the advantages to all customers. All hail bittrex right now. Wink

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July 26, 2017, 03:45:22 PM
 #56

However a hard Fork is different than just a technical issue. Understand this, if you download a software wallet from the from the core that's going to become Bitcoin cash, it doesn't really matter to those specific coins what happens in the consensus. I know that doesn't sound like it makes sense, but you will never get your coins for one fork to the other.
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July 26, 2017, 07:53:44 PM
 #57

You should leave you coins were there are as Notting serious will happen now. Bitcoin has it own way of fighting back it political enemies especially those that desire to split the network for their political gain. August 1 will come and go and we the bitcoin enthusiast will laugh last.
No coin has the potential to beat bitcoin in any way. The rivals are trying their best to create chaos among the bitcoin lovers but I am sure they will end up in nothing. All bitcoin lovers should simply avoid the terrible news regarding Segwit. Segwit is simply for the betterment of bitcoins’ future.
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July 26, 2017, 08:22:09 PM
 #58

You should leave you coins were there are as Notting serious will happen now. Bitcoin has it own way of fighting back it political enemies especially those that desire to split the network for their political gain. August 1 will come and go and we the bitcoin enthusiast will laugh last.
No coin has the potential to beat bitcoin in any way. The rivals are trying their best to create chaos among the bitcoin lovers but I am sure they will end up in nothing. All bitcoin lovers should simply avoid the terrible news regarding Segwit. Segwit is simply for the betterment of bitcoins’ future.

True to the point. Some have possibilities or should be call this potential to do it, but they wont achieve this.
Bitcoin is and always will be prime in every aspect of cryptocurrency no matter how potentially big alt comes near him.
It would take miracle for some coin to be better in any way from bitcoin.



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July 26, 2017, 08:58:34 PM
 #59

The best advice you should get after asking such a question, is not to ask for financial advise over the internet. There are many people with their own interest or agenda in mind. Most of them only want a profit for themselves and that usualy means, less for you, more for them.

If you must ask, read those opinions, and make your own mind depending on your feeling about it and your risk readiness as your priority, in deciding what is right.
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July 27, 2017, 05:32:09 PM
 #60

So if most places out there six months down the line are dealing with Bitcoin cash and you kept your coins with that original software lie that those are going to be Bitcoin cash there is no way you can personally turn those coins into the other Fork without going through a lot of pain. You sound like your new enough that could get kind of confusing. The only benefit to keeping them on a website or exchange this point is that those guys know we're doing and if that exchange sides in what direction that's where your coins are going to go.

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