|
kireinaha (OP)
|
 |
November 05, 2013, 04:51:13 PM |
|
Hello All,
I've been trading BTC for some time now but I never keep much at any given time on any of the exchanges... maybe a few hundred bucks here and there. I've heard about "whale" traders, but I wonder how do they keep their assets safe? Are there really people who trade online with tens of thousands (or more?) in their exchange accounts? Seems pretty risky, in the case that one of the sites gets hacked, or the exchange rolls up.
Is there something I'm missing...? Like, does anyone know of a method to trade with assets that are held in a secure, remote wallet? Or is it that 95% of BTC traders are really just messing around, trying to stretch 100 dollars?
|
Night gathers, and now my bitcoinwisdom watch begins.
|
|
|
|
|
|
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
miztaziggy
|
|
November 05, 2013, 08:38:37 PM |
|
Simple.
Don't risk more than you're willing to lose.
|
*Image Removed*
|
|
|
TheButterZone
Legendary
 Offline
Activity: 3052
Merit: 1031
RIP Mommy
|
|
November 06, 2013, 04:24:58 AM |
|
Zero.
Bitfloor owes me 1.84915808 BTC.
|
Saying that you don't trust someone because of their behavior is completely valid.
|
|
|
|
kireinaha (OP)
|
|
November 06, 2013, 06:38:07 PM |
|
Zero.
Bitfloor owes me 1.84915808 BTC.
What happened to it? |
Night gathers, and now my bitcoinwisdom watch begins.
|
|
|
TheButterZone
Legendary
Offline
Activity: 3052
Merit: 1031
RIP Mommy
|
|
November 06, 2013, 11:01:05 PM |
|
|
Saying that you don't trust someone because of their behavior is completely valid.
|
|
|
|
gamer4156
|
|
November 07, 2013, 12:54:14 AM |
|
Simple.
Don't risk more than you're willing to lose.
This. If the past tells us anything, its that bitcoins are only truly safe in a dead/cold wallet stored properly. |
|
|
|
|
|
jeppe
|
|
November 08, 2013, 08:28:27 PM |
|
i have newer more than 1 BTC on an exchange if i trade large amounts i get them of the exchange as fast as possible after the trade
|
|
|
|
|
Izerian
Member
Offline
Activity: 86
Merit: 10
|
|
November 09, 2013, 05:15:51 AM |
|
get them of the exchange as fast as possible after the trade
This right here |
|
|
|
|
|
balanghai
|
|
November 09, 2013, 05:38:08 AM |
|
I had BTC0.6 max, and that is all I leave, most of the time after profit, I withdraw it to my wallet right away.
|
|
|
|
|
junshong
Full Member
Offline
Activity: 192
Merit: 100
Hi!
|
|
November 09, 2013, 05:43:16 AM |
|
I just deposit whatever amount i need to trade and trade it ASAP. After trading, i immediately move it back to my own wallet.
|
|
|
|
ChaosFox
Full Member
Offline
Activity: 178
Merit: 100
Certified fox posing as a cat posing as a human
|
|
November 09, 2013, 03:14:42 PM |
|
The bare minimum. Also, once you're done trading, you ought to withdraw it to a safe location as soon as possible. Yes, it's hasslesome and might be outright unfeasible for people like margin traders, but otherwise you're risking it all.
|
Look! An ad-free signature!
|
|
|
|
techstorm2
|
|
November 12, 2013, 10:12:33 AM |
|
I had BTC0.6 max, and that is all I leave, most of the time after profit, I withdraw it to my wallet right away.
same here,  |
Dime 7Q3cZtyJemmE8pJsrYgX24mHnkqZX6M6hP
BTC 18vbvovBeM5ZTZqR5ZWAy75EXE7qTNipuo
Mooncoin 2QgyivUMa7Zun6oPdxeE1yry1aNp5hqrDb
LTC Lg3UYGCAe3Tb146PiMqeGNLR7bnjdM447d
Doge DPd1XejW8TabJu5gfjyKnuQYQ9Vzw1anXN
|
|
|
|
kdrop22
|
|
November 13, 2013, 02:08:52 AM |
|
What about Fiat, do you leave large sums at the exchanges for a long time. Especially sitting on limit orders or waiting for the next dip to buy in.
|
|
|
|
|
AlexM
Member
Offline
Activity: 114
Merit: 10
|
|
November 14, 2013, 12:55:23 PM |
|
Safety is a good question.
I have lost Bitcoins on my own hard-drive and at Bitmarket.Eu exchange. I would suggest cold storage in a bank vault or something similar for large amounts of Bitcoins, smaller amounts maybe a £100 fire safe hidden under the floor boards. Keep what you can afford to loose on the exchanges in cash for quick trading profits. This might be $0 for some or $1m for others. For me it is £100-£1500.
|
 1KQdUW6gjbJrdWUuLfMvaLzceMVE2dniB9 |
|
|
Omikifuse
Legendary
Offline
Activity: 1750
Merit: 1009
|
|
November 14, 2013, 02:02:38 PM |
|
None, they just get hacked and closed down for no reason...
|
|
|
|
|
|
lucaspm98
|
|
November 14, 2013, 02:35:14 PM |
|
Theres been so many hacks/shutdowns that I would keep as little as possible anywhere except a safe wallet. The tried and true saying is to never put more in then you're willing to lose.
|
|
|
|
|
|
cdtc
|
|
November 14, 2013, 09:50:45 PM |
|
The best solution is to keep them in your wallet and
if you want to trade keep on the exchanges only what you must.
|
|
|
|
zedicus
Legendary
Offline
Activity: 966
Merit: 1004
CryptoTalk.Org - Get Paid for every Post!
|
|
November 15, 2013, 03:00:36 AM |
|
What do you guys think of blockchain.info? I currently use it as a go to wallet but the input.io fiasco has me rethinking any online wallets regardless if they are an exchange or not!
Im considering a migration to Electrum. Tho i hear armory has some good reviews, not sure if i would use all its features. Just need simple and secure.
|
|
|
|
MicroGuy
Legendary
Offline
Activity: 2506
Merit: 1030
Twitter @realmicroguy
|
|
November 15, 2013, 03:03:10 AM |
|
The best solution is to keep them in your wallet and
if you want to trade keep on the exchanges only what you must.
I think this ^^^^^^ is a good suggestion. |
|
|
|
|
|
Ruzka
|
|
November 15, 2013, 05:34:06 AM |
|
Yeah I keep them in wallet pretty much all of time, keep it in the exchange as little as possible.
|
|
|
|
|
