Post
Topic
Board Bitcoin Discussion
Re: Where should I store my bitcoin for the new few weeks?
by
mocacinno
on 19/07/2017, 08:03:38 UTC
I hold some in bitpanda.com and some in blockchain.info

During this whole fork situation - where should I keep my bitcoins? Should I download the bitcoin core wallet to my computer and move the coins there?

Should I just leave them in their online wallets?

If I move them to a local computer wallet, what do I need to do when bitcoin forks? Do I need to do something to get the same amount of coins in the new chain? (Download a core wallet for the new one so I have bitcoins in both the original and the forked?) (if so how??)


Thankyou all - I don't really care about which chain is the successor etc I just care about being on THE chain and not being left with coins in the wrong place


Thoughts appreciated
Thankyou

If you worry to much as to where will you hold your bitcoins then store it in wallets with private keys. But for me I will do the most simplest thing to do before August 1. I will exchange my bitcoin to other altcoins or exchange it to dollars which is more safer than keeping it on wallets having no bitcoin is more safer than having bitcoin at all. After the problems are settled then I will just buy some bitcoins using my dollars.

I'm not really into altcoin exchanges and market predictions, but isn't there a risk you'll have to sell your BTC when the price is low, and re-buy the BTC when the price is high? (in other words, isn't there a big risk you'll start with x BTC and end with x-y BTC?)