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HEREIN, CONTRIBUTION = REWARDS. Which Bitcoin Wallet Are YOU Storing Your Bitcoin In When August 1st, 2017 Strikes?! LETS TALK WALLETS, SECURITY, AND PREPARATION! DISCUSS! by matt-a

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· @matt-a · (edited)
$33.32
HEREIN, CONTRIBUTION = REWARDS. Which Bitcoin Wallet Are YOU Storing Your Bitcoin In When August 1st, 2017 Strikes?! LETS TALK WALLETS, SECURITY, AND PREPARATION! DISCUSS!
<center>![bccpanic.jpg](https://steemitimages.com/DQmPLxhSNgqcQsxFM84qsuuHwvbjVjzC1VHV3s1tDXbdyQd/bccpanic.jpg)</center>
<br>
The clock is ticking and the 1st of August, 2017 is steadily approaching with hours to go.

A minority of the Bitcoin chain (~14%) is forking into Bitcoin Cash.

Do you hold your private keys?  Are your keys safe?  Is your Bitcoin safe?  Are you ready?  Are you prepared?

If that's a question that you're hesitating giving an answer to, then you should probably be discussing that immediately here in this thread, hopefully with some elite folks chiming in who have done the legwork for you already *(which you should also pay respects to by upvoting, which I will be doing to inspire collaboration, community, help, and good discussion).*

<h1>KEY QUESTIONS:</h1>

1.  Which Bitcoin wallet(s) are you storing your Bitcoin in?
1.  Why have you chosen to store your Bitcoin in the aforementioned wallet?
1.  Does the aforementioned wallet support Bitcoin Cash (BCC)?
1.  Have you considered the security/support/stability of the wallet?
1.  What is your game plan for August 1st, 2017 in anticipation of the fork?
1.  What are your thoughts on the fork?
1.  What is your game plan once Bitcoin forks?
1.  WILDCARD.  Talk about anything you want, you're your own master, after-all!

So let it rip!  I want to see some good discussion here so I can dole out some rewards.  I want to see people being cool with one another, helping, offering advice, strategizing, and people rewarding others for meaningful contributions!

Aaaaaand . . . <h1>GO!</h1>

- @MATT-A / @AGORIC.SYSTEMS

<h2>Please consider re-steeming this so that the information collected in the comments can reach a broader audience.  I'm hoping that the garnered discussion can help educate the user-base here.  Thank you!</h2>
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@awpmaster ·
Excellent post brother! Please vote for my comment, you would be helping me a lot thanks!
👍  ,
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@matt-a ·
$0.49
Thank you, but I don't really respond to people asking for votes.  Interact with posts naturally and rewards will come your way, ask for them and they wont.
👍  , ,
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@karlm2047 ·
what do people do who hold there bitcoin on paper wallets nice post too keep up the good work
👍  ,
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vote details (2)
@bleujay · (edited)
$1.49
Thank you for posting @matt-a.

Yes...Steemians are certainly interested in this subject.


Appreciate this information as that is what it takes to make decisions.

bleujay will give these queries a think.

Thank you.  Cheers.
👍  
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@bukharisulaiman ·
My greetings from aceh @bukharisulaiman. I am a newcomer in steemit. Information and experience from friends is very useful to me. Please guide me @matt-a
👍  
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@cryplectibles ·
$0.09
I still don't know what is going on fully so have exchanged any Bitcoin out into other coins, including Steem.     Litecoin has been fairly stable price wise.  However, nothing is a safe bet and I hope everyone knows that, and enjoy the ride.

http://i.imgur.com/N8Wyr45.gif
👍  ,
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vote details (2)
@matt-a ·
$0.05
That's why I made this post, many people are in your situation!  

If you h(o)(e)ld Bitcoin, you might be interested in safely storing it so that you're part of the August 1st snapshot so that you can claim your portion of the fork (BCC) and potentially BTC-U as well.

Doing this to drum up some discussion so people can have a place to mull over ideas, strategies, concerns, etc. and help one another out.
👍  , , ,
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vote details (4)
@daydreams4rock ·
$1.45
i have $200 Australian dollars worth of Bitcoin on Coinjar exchange and have no experience - i don't know if i can open a wallet fast enough that would support the new coin and am not sure how to send it there either if i open one? I think with such a small balance it might not qualify for any new coin anyway but i dont know anything. Thanks for dropping in on my post Matt, i appreciate that so i came to see who you are. David
👍  ,
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@dewildeweldoener ·
$2.13
I put all my Bitcoin on a KeepKey hardware wallet months ago after I got uncomfortable holding it on a phone hot wallet.
If you keep your Bitcoin on an exchange, stop doing that, it's one of the first things any Bitcoin savvy person will tell you.
Hold your own private keys/seed phrase, hold your own wallet, control your own coins.

KeepKey have stated (on Reddit oddly) they are going to support both BTC and BCH and enable exchanging one for the other through their secure Shapeshift integration, though that might not be ready on day one of the fork yet.
Reddit link: https://www.reddit.com/r/keepkey/comments/6o4lpq/bitcoin_chain_forks_and_keepkey/

For the first few days after August 1st I'm not doing any transactions.
I'm sure I will keep my BTC, I'm not sure yet if I'll sell my BCH when that becomes possible.
There is a very small chance BTC could die and BCH becomes "true" Bitcoin, just in case, I'm holding my BCH until I can see which way the wind is blowing.

I'm not a trader and am not that interested in quick profits here and there.
I consider my Bitcoin as savings together with my gold and silver.

The fork itself I'm not that happy with, it creates uncertainty and the entire Bitcoin community now has to know about one extra thing and consider their actions because of it.

On the other hand, you can't stop people from forking, there might be more forks in the future, and the more they happen, the more we can all get used to them and improve our game plans and software to cope.
It's a learning experience.
It's just something the community will have to deal with, might as well get good at it.

Maybe if the next fork isn't announced only 2 bloody weeks in advance it won't be so much of a hassle.
We will know what to do, what not to do, how to protect our holdings, and maybe how to profit, because the last fork (this one) let us learn all these things.
If after this fork you read horror stories of people losing coins, spending coins they didn't want to spend, LEARN from their mistakes, and never make them yourselves.

Smart people learn from the mistakes of others.
Normal people learn from their own mistakes.
Dumb people never learn.
👍  ,
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@drpuffnstuff ·
$1.68
I put my BTC into Bitfinex to trade into alts once trading is back. Get some bitshares, EOS or something with potential! I do want that BTC-U, are they really taking a snapshot that same day?
Jaxx will support it and they are fairly safe, so I will move it there if I can get the 3rd, better coin haha.. As always cold wallets or hardware wallets are the best. I'm lazy and I have faith though!
So I traded some of my alts into BTC so I can sell off after the fork into alts, expecting them to start rising pretty quickly again. Hopefully it works out. Open to suggestions or counter theories though!?
👍  ,
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@matt-a ·
$0.05
EOS!  Well, we all know where that's going . . . The alpha and the omega . . . until technology evolves again, but I think it is truly setting the stage for something absolutely fierce.  In my opinion, it's going to run the game for the foreseeable future.

As for BTC-U, I have no idea.  Maybe someone like @ash or @stan will chime in?  I know they're planning on a snapshot at least, unsure of a concrete date, however.
👍  ,
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vote details (2)
@drpuffnstuff ·
$0.97
me either. I got all excited when I read it, but I dont think enough preparation or planning went into it.. If I do here from Stan though and he says its happening I will move my BTC to Jaxx ASAP so I can get 3 coins. I like the idea of a better bitshare bitcoin
👍  , ,
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vote details (3)
@scotty ·
![scotty_bcch?](http://i.imgur.com/ytsWzL5.gif)
![scotty_ETH_donation_pub_addy](http://i.imgur.com/Cc3cCPp.gif)
👍  
👎  
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@funkit ·
$2.89
I store it in bitshares. As bitshares.
👍  , ,
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vote details (3)
@matt-a · (edited)
Excellent!!!  I do a lot of that myself :-).
👍  ,
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@funkit ·
$0.68
We are two! Yuhu! 

🤓
👍  , ,
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@hatemmkh ·
$1.06
I'm storing all in bitshares
👍  ,
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@matt-a ·
$0.02
That's one good way to do it haha.  Simple!
👍  ,
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@hatemmkh ·
thank you
👍  
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@hereforawhile ·
Hey matt my man, how are you doing. Tried to reach you at #deadworld irc, but, since i reached the right channel, i did not find you. I hope you understand this comment, since im a bit irritaded. I was really happy when i saw mate matt upvoted the elephants, and then i saw you un-vote again. I just wanna understand if there is anything you got salty about, really hoped the people like my ai work.

And then i have something about bcc, what do you think how deep will the dump go? I sold mine bcc at around 800 Usd and i saw it dropped below 300 Usd. Could you imagine we will see something like 80 dollars?
👍  
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@matt-a ·
Hey  there.  

No, I'm not salty about anything haha.  I don't have anything to be salty about.  Why would I?!  Why would you be irritated that I vote/unvote?  It's really not that big of a deal, I did not mean to offend.

Honestly, I chose to remove my upvote from it because I found out that the photo of the elephants wasn't actually your original work and you had just ran tensorflow on someone else's work.  Your post makes it seem like it is all your original work and there's no credit to the original artist.

A quick google image search finds the original very quickly: https://www.google.ro/search?q=elephants+bouquet&source=lnms&tbm=isch&sa=X&ved=0ahUKEwja4O6asb7VAhVDMBoKHd0iCQwQ_AUICigB&biw=1920&bih=935

In the future, you may want to credit original artists.  Your posts make it sound like you painted these photos and then ran tensorflow on it.  If/when people find out about this, they will probably flag you since many people will see this as plagiarism :-/.  Just trying to give good advice.

As for BCC/BCH, I'm just going to hold it haha.  Good job on catching 800 USD!  Nice!  Are you going to buy back into BCH/BCC with your profits or simply hold?
👍  ,
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vote details (2)
@hereforawhile ·
Thanks for the nice answer. Jeah i looked for this reason, because i thought there is something behind. I was interested what it could be. Seems it's the first post, that you saw, but yeah, that's what i'm doing, i'm using some basic 420 lines code and feeding it with images for about 3 weeks now. I wan't to figure out if it's possible to create better art with ai, then humans can do. Marked this in the last posts and i will copy it back into the signature maybe. So I'm really thankfull for your answer, because other people may think the same way and it's no problem for giving credits, if i have the source.

Well, I'm not pretty sure about BCC. I'm dealing with cryptocurrency since a few years and there are happening many things, the people don't expect. I'm bit worried about the hash rate and the block solution time, but i think on the longterm bcc will be a pretty good invest. Just speculating to some lower drop, maybe 80 USD or something, and i will buy in again. For now i moved my invest into tenx and well, they had a good day today ;D
In whole i don't taking profit from my wins, just split them into other currencies, since i think we will pay with them mainly in future. I wrote some thesis (im glad it's not in english xD) about the adoption of electronic cash and the possible adoption of cryptocurrency in the same way, influated by the speed up of develoption. If i think about Kurzweils Singularity Hypothesis, i can't imagine a future working without this digital tokens. Hope to see you ;)
👍  
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vote details (1)
@krytonika ·
$2.00
@matt-a - HONESTLY - I think I'm in a shit of trouble dude - I don't hold trash bags full of coins - and started out on Poloniex because of the user-friendly aspect long ago - then noticed that the walls, the buy/sell proves didn't equate to real time and am certain that they are in on the pump schemes just as much if not more than the largest whale pump groups or single whales.. 

Last night like an idiot I tried to transfer BTC to Poloniex only because Coinbase said there may be no withdrawals temporarily.. And because I've been trying other exchanges but haven't had much better yet as a mobile trader.

2. Chose Coinbase as most secure I thought for US holders and not to use exchanges to hold BTC 

3.  Coinbase does not as far as I read 

4.  I think my remaining BTC in Coinbase will be safe as it's a US company but ya never know 

5. Gameplan?? Stick to playing the board game called STEEMIT for now and contribute to try and calitalizevthe best I can as a lonely minnow - Minnow both without stunt Growth plates lol

6. Thoughts of the fork? I don't even understand how it will work or how any entity could double BCCC at 1:1 with BTC holding its value as many predictions I've heard have said.

7. Gameplan - Follow the advice of people like you who know way more about it than me.

8. Wildcard - Even though I despise Pump and Dump schemes - I was quite impressed how many coins were successfully pumped all at once - a good 20-25 on Poloniex with 4-6 hours of continual Pumps - I made a few ducketd following the money and do like the very straight 45 degree angle line for. STEEM - up until about 30 minutes ago - was praying STEEMIT wasn't getting pumped to dumpy -

9.  BONUS - IF BITTREX DEAL IS REAL HOW FAST CAN I OPEN AN ACCOUNT WITH THEM - Gave up on Kraken after like 3 weeks of waiting for approvals 

10. BONUS #2 - WHATS YOUR ONE SLEEPER COIN FROM ANY EXCHANGE CURRENTLY VALUED AROUND A DOLLAR.  Thank for this post bud!
👍  , , , , , , ,
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vote details (8)
@randowhale ·
This post received a 2.8% upvote from @randowhale thanks to @krytonika!  For more information, [click here](https://steemit.com/steemit/@randowhale/randowhale-is-now-only-1-steem-sbd-per-vote-spread-the-news)!
👍  
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vote details (1)
@nepd ·
$5.32
>Which Bitcoin wallet(s) are you storing your Bitcoin in?

I only hold a little BTC right now, which is on Bittrex.com exchange.

>Why have you chosen to store your Bitcoin in the aforementioned wallet?

The majority of my holdings are on the Bitshares DEX and I didn't like having everything in one basket. Bittrex also gives me liquidity in a few extra trading pairs.

>Does the aforementioned wallet support Bitcoin Cash (BCC)?

That's the word on the street, but I'll believe it when I see it.

>Have you considered the security/support/stability of the wallet?

Yes. I was on Poloniex for the first 9 months of my trading life... finally out.

>What is your game plan for August 1st, 2017 in anticipation of the fork?

Sit on my hands and watch.

>What are your thoughts on the fork?

I think it is quite silly.

>What is your game plan once Bitcoin forks?

I will most likely sell the lesser fork coin as long as it has some value. If the value is super low, I may hold for the time being.

>WILDCARD. Talk about anything you want, you're your own master, after-all!

Have your own token? Think about helping out donating in the [HAIRSHARES Progressive Jackpot](https://steemit.com/hairshares/@nepd/hairshares-progressive-jackpot-day-9-update-jackpot-over-usd100)

Have some extra hair? Donate it and win the Jackpot yourself!
👍  , , , , , , , ,
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vote details (9)
@matt-a · (edited)
$0.92
Solid replies!  I gotta read about this Hairshares stuff haha, sounds funny and I keep seeing you post about it but haven't had the time to do much reading lately (in the forest!)

Yeah, I saw how Bittrex was giving BTC holders 1:1 BTC:BCC when it forks.  Bitfinex is also doing that to my knowledge.  It seems like a nice managed, albeit centralized (scary) solution, but what about the BTC-U snapshot!?  Gotta have the private keys!  I can't wait to see how that plays out on BitShares.

Thanks for the input, @nepd!  Gave your post a bit of a bump ;-).  Sounds like a compassionate project.
👍  , ,
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vote details (3)
@drpuffnstuff · (edited)
$0.17
are they really doing the snapshot? I decided they weren't and put my BTC on bitfinex.. I will move it back to jaxx if I need to, they said they will support the new bitcoin and I will also have my private key that way, I was just on bitfinex for a quick trade off into alts after the fork (eos) .. But I do want that BTC-U!!
👍  ,
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vote details (2)
@nepd ·
$0.12
Yeah, the centralization is a bit scary on Bittrex, but I feel way more comfortable there than Poloniex.

Thanks for taking a look at the Hairshares cause and giving it a bump. It's a cause near and dear to my family.
👍  , , ,
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vote details (4)
@nian99 ·
https://steemit.com/write/@nian99/always-pray-to-him-2017730t504849z
Please help me give a little your voting
@matt-a
👎  
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vote details (1)
@matt-a ·
No. I don't respond to vote begging.
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@rouketas ·
$2.02
my folio right now is 80% alts 20% btc 
I am holding my btc in a Electrum wallet ! 
The plan is to dump half BCC and rebuy lower ! BCC is another alt but since someone is buying there are chances to do something , after all is free money right ??
👍  ,
👎  
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vote details (3)
@steemitboard ·
Congratulations @matt-a! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

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👍  
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vote details (1)
@thedonfreeman · (edited)
$0.17
Upvoted and followed. Returning the love
👍  ,
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vote details (2)
@matt-a ·
Thanks, man!
👍  
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