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RE: The Bitcoin run.

in #bitcoin7 years ago

Resteemed and upvoted! Yes, as the proud owner of several Bitcoins, this is a topic I've been obsessing over the last few days. I posted my own thoughts on the situation yesterday, in the context of my recent BTC buying experience. My main point being that despite the crazy amount of uncertainty at the moment, we're in this for the long run: https://steemit.com/bitcoin/@jobsande/woah-bitcoin-gaining-ground-lesson-1-never-try-to-time-the-market

As a side note, I agree 100% about the stupidity of being Bitcoin Cash Futures..

"Those who buy Bitcoin Cash Futures will not have that opportunity, because a centralized exchange controls it. There are no private keys to be gotten, it is a future, that has no guarantee of ever getting real value"

As you imply, if an investor wants to seriously have all their bases covered (including Bitcoin cash), why not just by Bitcoin NOW before August 1st, thereby gaining access to all potential BTC versions? To me it's a no-brainer.

Just curious, where do you have your BTC stored? I have mine on Exodus..which unfortunately will not be offering a Bitcoin cash wallet, however, I'll still be able to claim it by moving to another wallet later so I'm fine keeping it there for now (https://www.cryptoninjas.net/2017/07/27/exodus-not-supporting-bitcoin-cash-users-will-able-claim-bcc/)

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Thank you for your support!

It is really that simple, just buy BTC, the current Bitcoin version, before the possible split moment and store them in a Wallet that gives control over the private key(s). As I use Electrum, I do not mind if they support Bitcoin BigBlock Cash or not, all I need is to be able to get acces to my private key(s). So I can claim the Bitcoin BigBlock Cash in any wallet that supports it and importing private keys. Also then I can claim Bitcoin United on the superior Bitshares blockchain too. Win-win-win... ;-)

Totally, keep the good stuff coming :)

Electrum, ok - sounds like it'll work similar to Exodus in that they main thing is we get private key access either way.

Will do my best. ;-)

That is the bottom line: access to the private keys.