How best to protect your Bitcoins in the next few days?

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n00bminer
Posts: 33
Joined: Mon May 22, 2017 2:11 pm

How best to protect your Bitcoins in the next few days?

Postby n00bminer » Mon Jul 17, 2017 1:49 pm

Let's say I really do not care or am not smart enough to know which side to take in the fork nonsense with BTC. However, I have BTC on hand and need to protect their future value.

What is the best strategy to carry my original bitcoins to the next stage of life in the next coming days without losing any intrinsic value?

Hold them in my Bitcoin Core wallet?
Cash out?
Shift them to something else(ex. ltc)?
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fattygrub
Posts: 15
Joined: Mon Jun 05, 2017 3:24 am

Re: How best to protect your Bitcoins in the next few days?

Postby fattygrub » Mon Jul 17, 2017 2:11 pm

i only have several hundred USD worth of BTC right now moving back and forth daily between nicehash and prohashing.

i am thinking my best option is to move my BTC into my coinbase USD wallet until the dust settles.

especially with the way BTC has fallen in the past few days, i only see bad bad bad.
AvPro
Posts: 66
Joined: Tue May 23, 2017 6:13 am

Re: How best to protect your Bitcoins in the next few days?

Postby AvPro » Mon Jul 17, 2017 5:48 pm

I believe if you are holding BTC the best option is to keep them in a wallet where you have control of the private keys (e.g Bitcoin Core). If you keep them in a cloud wallet or exchange wallet you are not in control and your coins will follow the decision of the service ultimately holding your keys.
My 2 ubtc
TobySpringfield
Posts: 2
Joined: Mon Jul 31, 2017 3:08 am

Re: How best to protect your Bitcoins in the next few days?

Postby TobySpringfield » Mon Jul 31, 2017 3:25 am

I totally agree with you Avpro..it is best to keep it in wallet rather than holding BTC.
kutt
Posts: 4
Joined: Mon Aug 28, 2017 3:07 am

Re: How best to protect your Bitcoins in the next few days?

Postby kutt » Mon Aug 28, 2017 3:44 am

Btc is the most popular crypto currency now. Bitcoin created a lot of noise around. In turn, I want to get bitcoins. I read a very detailed article on how to buy bitcoin https://faqbitcoin.com/how-to-buy-bitcoins-with-bank-account/, but I want to hear advice for acquiring. How much $ can I make on bitcoins? I still didn't come to a decision whether to own the bitcoins.
scarell
Posts: 8
Joined: Wed Sep 20, 2017 6:54 am

Re: How best to protect your Bitcoins in the next few days?

Postby scarell » Thu Oct 12, 2017 9:18 am

the best way - to keep them there, where you have a control
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Cryptotree
Posts: 2
Joined: Fri Oct 13, 2017 1:11 am

Re: How best to protect your Bitcoins in the next few days?

Postby Cryptotree » Fri Oct 13, 2017 1:14 am

scarell wrote:the best way - to keep them there, where you have a control


This. A wallet where you and only you control the private keys.
radha00027
Posts: 1
Joined: Sat Oct 28, 2017 5:55 am

Re: How best to protect your Bitcoins in the next few days?

Postby radha00027 » Sat Oct 28, 2017 6:09 am

I’d recommend a hardware wallet or cold storage, hardware wallet generally being the easier of the two for someone not experienced in holding cryptocurrency. I use the Nano Ledger S which is easy to use and high quality but there are good alternatives out there.

Other options are using a hosted wallet (leaving your crypto on the built in exchange wallet normally) or a software wallet. I’d avoid both if you have enough bitcoin to care about losing it.http://www.stockmaster.in/btc-gbp-bitco ... -live.html

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