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RE: BITCOIN Forks! : The Safe Way To Store Your Bitcoins

in #bitcoin7 years ago

Your advice is appropriate if you are buying and holding. One caution though - if you are trading actively (in small quantities or on a daily/weekly basis), the mining fees to transfer can very quickly erode your coin holdings. Evaluate the relative risk/reward and decide accordingly.

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Agreed, but if you are trading for small quantities, you are probably less concerned about loss in the event of a corrupt or failing exchange. Still a very valid point though.