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

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n00bminer
Posts: 28
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: 57
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.

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