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Author Topic: Don't hold your coin on exchange for long time.  (Read 1178 times)
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June 13, 2018, 08:30:28 PM
 #261

All remember situation with BTC-e and other exchange. But i agree wallet it's dangerous too.
Ledger nano s and your money is secure.
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June 14, 2018, 07:06:00 AM
 #262

yes I stuju with you can be seen lately MERCATOX also hacked but I was lucky my coin in it is still safe and I immediately sent my coins to my own wallet
You see as per most other people's experiences. Exactly what we are saying and even when sending to wallet, it is always better when using a decentralized wallet that at least gives you your private keys which you can store somewhere private.

Until we start having better decentralized exchanges with much liquidity and easy to use, then there is nothing safe with keeping funds in centralized exchanges. Although now, a lot of security features are available on these exchanges which at least gives one peace of mind, but it is always better to be safe than sorry.

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June 14, 2018, 07:10:18 AM
 #263

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June 14, 2018, 08:10:40 AM
 #264

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Of course, I would never do that. To be honest, I do not trust exchanges even if they are the most secured. Yep I know that there’s a history where a few of the exchanges have been hacked or breached, so it is better to keep all of our holdings in our respective wallets where we have the wallet seed, private key, etc. Just my two satoshis.

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June 14, 2018, 08:47:58 AM
 #265

yes you are right you should not hold the bitcoin you have or any other cryptocurrency assets you have at the exchange because it will have a very high risk, and you may lose all the assets you have in the exchange. you better make withdrawal as soon as possible.


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June 14, 2018, 11:35:09 AM
 #266

Also, when something like that happens in the world, it affects the price drastically, when exchange wallets get hacked, all the prices are drop down.

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June 14, 2018, 12:56:41 PM
 #267

 I'm not holding them even for a one day, I'm using an exchanges only in order to trade my coins, and then I am always withdrawing my coins from them instantly.

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June 14, 2018, 10:45:08 PM
 #268

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
In a market that is constantly changing and unpredictable at the moment, it is very difficult to trade successfully. You can see that the price of bitcoins in recent days is constantly changing and difficult to predict. Therefore, the long-term investment risk will be very high, the market is in a bear market in the long-term so bitcoin prices may continue to fall deeply in the past days and can not recover.

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June 14, 2018, 11:35:24 PM
 #269

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
I think you should not invest long term at this point, you can see that bitcoin prices in the past few days are constantly fluctuating and difficult to guess, the market is showing signs that will continue to fall deep when prices bitcoin is constantly adjusting. According to my analysis, the bitcoin price will probably be about $ 4,000 in the coming days, so long term investment will be very high.

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June 15, 2018, 04:49:45 AM
 #270

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
Yes, do not hold coins on exchange for a long term because you need to stay away of complications and should follow the simple market rules which will lead you towards success. Place the coins on exchange if the market price is high so that the supply will increase and interested people will buy your coins. You need to work according to the market conditions.



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June 15, 2018, 05:35:40 AM
 #271

yes I stuju with you can be seen lately MERCATOX also hacked but I was lucky my coin in it is still safe and I immediately sent my coins to my own wallet
You see as per most other people's experiences. Exactly what we are saying and even when sending to wallet, it is always better when using a decentralized wallet that at least gives you your private keys which you can store somewhere private.

Until we start having better decentralized exchanges with much liquidity and easy to use, then there is nothing safe with keeping funds in centralized exchanges. Although now, a lot of security features are available on these exchanges which at least gives one peace of mind, but it is always better to be safe than sorry.
Do not go towards complications and just follow the major rules of the market which will never let you towards danger zone. Try to buy in a low market and keep the coins with yourself on your wallet, if you are not going to sell in this low market then you hold the coins for a time will come when your coins will have high value which is the right time to sell out and make profit.


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June 15, 2018, 03:01:37 PM
 #272

I'm not holding them even for a one day, I'm using an exchanges only in order to trade my coins, and then I am always withdrawing my coins from them instantly.
I think your actions are too paranoid, how do you trade in 1 day?
daily trading at least 3 days and long-term trading takes longer. you have to keep it for a while.
make sure your exchange is secure, and avoid trouble exchange.


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June 15, 2018, 03:21:22 PM
 #273

eth wallet will have any problem? I'm keeping my investment eth wallet  Huh

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June 15, 2018, 03:37:04 PM
 #274

i havent heard about any hacks on bittrex, bitfinex or bitmex for example. so i think you have to avoid scam exchanges and that`s all

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June 15, 2018, 04:06:20 PM
 #275

yes you should be right for all of you who read this better you do not keep the assets of cryptocurrency in exchange because it will be very high risk, the assets you have may be stolen by the hacker even the founder of the exchange place, to avoid that risk then you should not keep assets in exchange.


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June 15, 2018, 04:36:23 PM
 #276

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
So, I think that at a time when you should not invest in the long run, you can see that bitcoin prices in the past few days have been falling sharply and it is hard to recover at present. Long term downside. Therefore, you should only trade short term by day and always have a specific trading plan to minimize risk and maximize profits.

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June 15, 2018, 07:28:39 PM
 #277

You are right, its good to hold coin in personal wallet when someone want to hold coin for long. Those that can keep their coin on exchanges are the day traders because they buy and sell on daily basis.

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June 15, 2018, 07:31:08 PM
 #278

agreed that's why i prefer decentralized exchanges dex
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June 15, 2018, 07:34:08 PM
 #279

If price will be low don't exchange. If want to exchange  wait for the price increase. Then exchange. Most of the people mistakes this. Don't pan wait for the price increase. If need for the price information check the market place price. Time is important for exchange the bitcoin. So price increase time sell it. Bitcoin is future currency. Just hold the coin. If need any emergency before you sell it.


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June 15, 2018, 07:39:43 PM
 #280

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Holding your coins on exchanger is fine but the only problem is that, if the problem occurs in their own system then your coins might be stolen from you and that is the reason why i prefer placing it into the wallet.

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