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aesma
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September 09, 2016, 04:31:29 PM |
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I wouldn't store that much money in Bitcoin. Never. I'd exchange it and keep that amount of cash somewhere safe, IN MY HOME. Banks are here to earn money, I don't trust them... In my country the banks state in the agreement that, if the bank will ever fail, ALL the sums AND stored goods will be used to recover the money lost by the bank. So you're basically helping someone who fails by giving all you have. NO.
But cash loses its value. More so in corrupt countries. |
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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Akupuniard
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September 09, 2016, 04:49:48 PM |
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I will create multiwallet to store my good, cause holding everithing at once it's dangerous for your money, scammers and hackers everywhere.
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ardentvolcanoes
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September 09, 2016, 05:36:12 PM |
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i would store it to 5 different wallet if I could it's means each wallet would have the balance of 20 bitcoin or something but I think that would be very complicated if you will create or generate and use different wallets consecutively and probably there's a possibility that you will forget the other passwords, passphrase or whatsoever .
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LFC_Bitcoin
Legendary
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Activity: 3528
Merit: 9556
#1 VIP Crypto Casino
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September 09, 2016, 05:54:54 PM |
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Cold storage would be the best option, split the 100 up into lots of paper wallets.
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BitcoinPanther
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September 09, 2016, 06:03:13 PM |
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It's not that I have 100 BTC but this is my idea if I ever have:
I would not need that big BTC if I don't have a plan to invest it and if I do, of course it's gonna be stored to the site/s I invested into.
So otherwise, I'm gonna withdraw it and keep the cash to myself instead. I can't trust the internet to hold that much money for me.
Yes, it is too risky to trust the internet with such a big amount. I myself would withdraw it and encash or invest it to gain more profit and keep the other half in an offline storage. That way i can sell the one stored when BTC skyrocketed in price and get earning from the other half which is used inn investment. |
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lexuz
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September 09, 2016, 06:24:23 PM |
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It's not that I have 100 BTC but this is my idea if I ever have:
I would not need that big BTC if I don't have a plan to invest it and if I do, of course it's gonna be stored to the site/s I invested into.
So otherwise, I'm gonna withdraw it and keep the cash to myself instead. I can't trust the internet to hold that much money for me.
Yes, it is too risky to trust the internet with such a big amount. I myself would withdraw it and encash or invest it to gain more profit and keep the other half in an offline storage. That way i can sell the one stored when BTC skyrocketed in price and get earning from the other half which is used inn investment. If you can have 100 btc of course you can buy hard wallet for safe that coins so i think that is a huge amount and too bad sell it now due are now bitcoin price is on positive way. |
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Searing
Copper Member
Legendary
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Activity: 2898
Merit: 1464
Clueless!
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September 09, 2016, 06:24:30 PM |
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My hoard is 100 btc lol😄
Paper wallet in plastic and in waterproof bag in a safety deposit box at my bank. $60 a year for huge one and other important documents in there too.
I figure if the bank sinks into a sinkhole or is hit by a asteroid...then the
ASIC miner gods that got me to 100 btc hate me and so be it. Also tough for
A coward like me to 'panic sell' 😏
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Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:) |
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CoinCidental
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Activity: 1316
Merit: 1000
Si vis pacem, para bellum
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December 27, 2016, 06:41:04 PM |
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every 5 or 10BTC ... use a new wallet.
i do this.
when you pay ... seller don't know if you have more than 5 or 10 BTC.
Your idea was a good tip of advice, I'll copy your suggestion/idea but instead of 5 bitcoin for every new wallet address I'll make it 10btc each. With that amount I'll save a lot of money. *sigh* It doesn't cost anything to make a new wallet. What you need is something to secure your wallets. But the best option would just be to secure one wallet extremely securely, as I recommend with a ledger wallet. Nobody knows anyway if you are paying them from an exchange wallet or your personal one unless you tell them... I used to pay people directly from Bitfinex and localbitcoins.com and they can only guess how much is mine from total balance.... |
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2double0
Legendary
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Activity: 2618
Merit: 1105
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December 27, 2016, 06:54:08 PM |
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I think that trezor would be the best choice here, if the amount is that big.
Because the number of bitcoins is small, but its value is very high and you are soon to reach 1/10th of a million bucks, so storing them in something very secure is the only option.
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LavskaggeafNordlandia
Newbie
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Activity: 28
Merit: 0
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December 27, 2016, 07:32:29 PM |
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Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc. I'm looking for real responses and ideas. Please keep the trolling to a minimum  Off course man, I would definitely spend them on a cryptocurrency where half the value is locked safe and sound in Scandinavian forests, they will allways have a certain value! |
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smho_16
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December 27, 2016, 07:50:34 PM |
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If I have that big amount of coins, I would buy the most trendy,sexy and expensive hardware wallet that is out there. Based on the ones out until now Trezor would be the first choice. In fact I think everyone with 10 or more BTC should invest in a hardware wallet as is the wisest and greatest choice we can make when we have higher amount of coins.
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thejaytiesto
Legendary
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Activity: 1358
Merit: 1014
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December 27, 2016, 08:27:02 PM |
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It's clear that a lot of people like to store their bitcoin in different ways, but I think a combination of all those ways is the best one. Keep some bitcoins in HDD's that are not connected to any computer (if they are not connected, they are safe and also they will last for a lot of years). Also put some in SSDs and pendrives, but some in paper wallets encrypted with bip38, and put some in zip files that are encrypted with a very strong password and that are hosted in random places where nobody would bother to look at. This way you have various points of failure. Just don't use brainwallets, they are not safe.
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HappyLizard
Newbie
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Activity: 16
Merit: 0
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December 27, 2016, 08:28:18 PM |
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Ledger or Trezor. (I use Ledger Nano-S)
Thats all there is to say about it.
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20kevin20
Legendary
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Activity: 1134
Merit: 1597
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December 27, 2016, 08:35:35 PM |
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A hundred, fifty or twenty-five cold wallets. Just printing them out and storing them there, laminating them at home with some DIY sets and placing them somewhere safe. Because it's not a big object, a small piece of paper (you can even print it at half of its size to make it even easier to store) can be hidden anywhere safely and no thief will steal it.
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arara
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Activity: 97
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Tipsters Championship www.DirectBet.eu/Competition
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December 27, 2016, 08:36:52 PM |
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Make separate physical wallets and separate the coins among them
Make backup of them just in case
And put them where no one would ever think such thing would be found, like among old books or among useless paper
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Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1464
Clueless!
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December 28, 2016, 02:59:44 AM |
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I have 93 btc. Trying to work back to 100. Got some equip for ltc minning, so sold some.
I have 2 paper wallets in safety deposit bank and 1 hot wallet for bills and dust in my laptops.
No other copies of stuff in bank. I figure if the bank falls down a sinkhole then it is proof
The asic miner gods hate me. No issues the paper wallet private keys have never been used.
I simply add whatever I can to an address. I figured 52 on first one. Now trying to
Build up 2nd one up and over 50 again.
No fuss no mess and got a huge safety deposit box for $65 bucks a year
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Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:) |
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Rahar02
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December 28, 2016, 03:13:53 AM |
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Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc. I'm looking for real responses and ideas. Please keep the trolling to a minimum I will divide my btc into several wallet, like don't put all eggs in one basket, if one get hacked there are anothers. But still, need to create some offline wallets (paper wallet) and store about 10-50btc there (divide) say about 3-5 wallets and save the paper on the safety box in the ground  . The rest 50btc save in several online wallets too, to use in transaction. |
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Omega Weapon
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December 28, 2016, 03:15:00 AM |
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I will probably keep several paper wallets and have some copies just in case I need it, the copies will be kept at different places so if something like a fire or flood were to happen you have backups ready.
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Xester
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December 28, 2016, 04:13:49 AM |
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If I store 100 bitcoins I will make 20 different wallets. 10 for online wallets and 10 for cold wallets. Then just to be safe I must store all the needed datas such as emails, username, identifiers and passwords in an excel format and save it in different places in hard drives, flask drives, email, burn it in a cd and of course I must have a hard copy that way I can never lost my records. After every 5 years I will spend 10 bitcoins, I just hope the price would not deflate then its a big loss if that happens.
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michellee
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December 28, 2016, 05:02:42 AM |
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Make separate physical wallets and separate the coins among them
Make backup of them just in case
And put them where no one would ever think such thing would be found, like among old books or among useless paper
this is what i will do if i have > 100 bitcoin and i will use the offline wallet, and for online wallet, maybe i will only two or three wallet and i will use cold wallet too as i want to keep the most of my bitcoin and for the other wallet, maybe i will make separate in each of 5-10 bitcoin in 10 wallets. |
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