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)?
How best to protect your Bitcoins in the next few days?
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Purpose
This forum is a place to discuss bitcoins, altcoins, cryptocurrencies, and random thoughts about life.
Topics
Topics may include bitcoin prices, outlooks on altcoins, cryptocurrency development, economics, and more. Feel free to share outlooks on other things as long as the major focus is on cryptocurrencies.
In-depth topics only
Replies to posts may be of any size, but new topics must contain original research and be at least two paragraphs in length. While references to external articles are allowed within topics, simply posting a link without discussing its importance or debating its truth is disallowed. Consider this place a huge blog where anyone can post.
Re: How best to protect your Bitcoins in the next few days?
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.
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.
Re: How best to protect your Bitcoins in the next few days?
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
My 2 ubtc
Re: How best to protect your Bitcoins in the next few days?
a good decision tree from a trader's point of view. https://www.cryptoninjas.net/2017/07/17 ... sion-tree/
Re: How best to protect your Bitcoins in the next few days?
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.
Re: How best to protect your Bitcoins in the next few days?
the best way - to keep them there, where you have a control
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Cryptotree
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Re: How best to protect your Bitcoins in the next few days?
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.
Re: How best to protect your Bitcoins in the next few days?
Its much better to keep in a wallet account than holding them in USDs
Re: How best to protect your Bitcoins in the next few days?
Why is it better to keep Bitcoins in a wallet account than holding them in US dollars? Do you lose value when you keep them in dollars or something?
Re: How best to protect your Bitcoins in the next few days?
And which wallet account is better to keep bitcoins safe?
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