How to protect your bitcoin before Segwit 1 August

Segwit ( Segregated Witnsess) that will be on 1 August 2017 is a complicate process, that will allow to have faster transactions in bitcoin. Being Segwit a complex process we not talk about it but about risks about your bitcoins.

The main problem is that keep your bitcoin on safe before segwit that will be on 1 August and for about 10 days.

If your bitcoin wallet is not segwit ready, there is the risk that you lose your bitcoins!

For example if you have bitcoins on main used wallets as xapo, coinbase, we suggest to transfer bitcoin on hardware offline wallets as: Ledger Nano , Trezor

An other possibility is transfer bitcoin to mobile app Mycelium

Why is better transfer Bitcoin from common wallet as xapo and coinbase?

Because at now they are not Segwit ready so the risk is that you will lose you bitcoin, while Ledger Nano, trezor, Mycelium are segwit ready

Anyway the most safe palce for bitcoins are for sure Offline Wallets (Ledger Nano , Trezor)

Trezor Bitcoin Wallet ( Bitcoin, Ethereum, Litecoin, Dash, Zcash )

Ledger Nano S Bitcoin Wallet

What about the bitcoin price after Segwit?

With the 1 August Segwit, many said says that the bitcoin price could go down to $ 1000, while others says that if 80% will accept 148 BIP after Segwit, the Bitcoin could has a really big increase, maybe x 100 times?! 🙂

So is up to you if keep or sell Bitcoins before 1 August, but we believe that on long term the bitcoin value can really increase, maybe after a down to 1000 $ for than go up and up!

If the price will down to $ 1000, many buyers will buy so the price will start again to go up.

But as told above the main problem is that you put your Bitcoin on Safe place as on offline wallets!

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