Uhh half? They are on record for owning about 1% perhaps through their investments and businesses they may own more.

If I was to buy bitcoin on, say, Kraken. Do I need to withdraw to a separate wallet? Or can I just hold it on Kraken until I am ready to sell? I get the need for a wallet if moving money to some merchant, but is it needed for pure buying/selling/investing?

I'm not quite following all of this but am trying to learn.

yes. if you dont have your private keys you dont have bitcoin, just a promise from an exchange.

If you think the risk of not trading it on time is greater than the risk of the exchange "loosing" it then leave it on there.

Does that imply that the exchanges are less secure for holding funds than wallets are?

Sent from my SM-G935V using Tapatalk

Yeah for sure

google mtgox or more recently btc e. theres always risk on any exchange. best practice is to put hodl coins in wallet and just keep what your planning on trading with an exchange. that way you can jump on any big moves without having all your coins exposed to unnessary risk.

That is the same thing I do

great minds, and alot of people far smarter than I, think alike

Complete bitcoin noob here, trying to make a withdrawal from Ignition Poker & the only option is Bitcoin sadly. What's the easiest/safest way to withdraw $1000 worth Bitcoin & turn it into cash? Will only be withdrawing once so don't need a permanent wallet.

Grats to all the newly-minted crypto millionaires who had the pre-fork foresight to keep BTC on Kraken or Bitrex, and sell BCH at $800. Unbelievable.

Who are these people buying BCH at $800? John McAfee ?

http://forumserver.twoplustwo.com/28...poker-1039832/

And they say Bitcoin don't pay dividends... Between this and the free money from the Stellar and Byteball airdrops I think I will get close to a 20% payout this year from just holding bitcoins.

Obviously some risk having sold if there is some major technical flaw in Segwit that kills Bitcoin, but other than that I do not see Bcash becoming very relevant.

Heres how I went from BTC in my Electrum PC wallet to cashing out BCC:

1.Had some BTC in the Electrum wallet held through August 1st so i was due BCC but Electrum doesnt handle BCC.

2. I transfered all BTC on my Electrum to an online exchange for security reasons. Could have sent it to another Electrum wallet on another PC of mine if i wanted too.

3. Installed Electron Cash (EC) wallet on my PC that had the empty Electrum wallet.

4. EC automatically showed the BCC I was due. Listed as Not Verified btw. No special seeding needed.

5. I sent the BCC from EC to the HITBTC exchange, Took 3 hours to get there. Transferred it to a trading acct. within HITBTC. Then Traded BCC for BTC. Transferred all the BTC to my other online exchange. Could have sent it to my Electrum if I wanted.

Happy to get the extra BTC

I don't vouch for EC or HITBTC but it worked. Use at your own risk.

I was holding my Bitcoin on Exodus wallet (prior to August 1) and coincidentally, my Trezor wallet arrived today (August 3).
I installed my Trezor wallet and transferred my Bitcoin from Exodus to Trezor.

How do I now go about claiming my Bitcoin Cash?
Once I have claimed it, where can I hold it?

Did pretty much the same but with trezor's beta wallet instead of Electron Cash. Now Changelly is supposed to support BCC/BCH as well, and be an alternative to HITBTC.

Similar, except used a second PC (with no existing wallets on it) for electron, so had to restore from seed (which is now retired). Sold at viaBTC, which required 20 BCC blocks before the funds could be withdrawn (but only 1 block before trading). YMMV; UAYOR

So if someone has say 1 bitcoin, and does this, it's worth at current rates, ~400 usd?

$270ish on hitbtc right now, but yes.

And you get to keep all the OG BTC... Why have I not done this?

I blame reddit for not informing me.

And as I checkr/bitcoin it looks like coinbase is going to support bitcoin cash next year.

Yes, you get to keep all the OG BTC.

Now that the fork has happened, it's it's own thing. Just the same as if you sold all your Ethereum it wouldn't affect your BTC holdings. Also just the same as Ethereum, OG BTC, and any other coin - you sell because you think it is overvalued. You should research. It's never easy to pick the best play in crypto lol, especially when it comes to statements of "sell all X and put it all in Y right now".

this is the way to do it except you dont want to reuse the electrum accout whose seed was used with EC. as i understand it the reason you dont need to enter your seed is because its done automatically on install. the danger is with EC now having access to your BTC if they are not legit.

I tried using the coin splitter function but it said my account didn't have sufficient funds and only provided one account option. Is this function down right now or is Trezor viewing my Bitcoin as being from after August 1?

So you're saying just create a new electrum wallet after transferring around the BTC.


Edit:

Also along this premise should you just delete and then reinstall electrum or just make a new wallet, and that is good enough?