Ethereum Hard Fork

The news on everyone’s mind, is the Bitcoin Hard Fork, not the Ethereum Hard Fork. But as it turns out, today, possibly around mid afternoon, Ethereum is also planning to make a hard fork. For this reason, we hope you have invested or have the ability to get some Ethereum NOW.

Ethereum Hard Fork

Ethereum Hard ForkEthereum is going to split into 2 different currencies, making your Ethereum worth a little bit more today, then it was a few days ago, and more than it will be, till the next hard fork.

I should also mention that the Bitcoin Hard Fork, isn’t going to happen till around mid-November. So if you are reading this, get in on the action, and make a little extra money. Once the hard-fork is complete, you can put it back in Bitcoin, or also sell off your new coinage.

If you don’t have an easy way to buy sell and trade Ethereum, we suggest checking out the exchange BTCPop.

There is of course bugs, which the developers are trying to work out, but they have meticulously planned this Ethereum Hard Fork, so we hope it goes off without a hitch.

Bitcoin Wallet?

Unlike normal cash, we keep Bitcoin in an electronic Bitcoin Wallet. Which Bitcoin Wallet is right for you? That’s what we can hopefully go over with you today.

Bitcoin Wallet?

Bitcoin WalletThere are 3 distinct types of Bitcoin Wallets. each one serves a purpose. There is a paper wallet. This is a wallet which for all intents and purposes is just a piece of paper with various digits and letters on them. For offline storage, the is probably one of the safest and most portable.

The next Bitcoin Wallet is the one you keep on your hard-drive and possibly backup when you can. As someone who had multiple hard drive crashes over multiple months, this one scares me. You need to have a backup and an online backup of your wallet. This means one on your hard drive, one on a backup drive, and another copy in your Dropbox account – or other safe online backup account.

Online Bitcoin Wallet

Finally, we have an online Bitcoin wallet. This is my preferred method to store my monies. I have tried various wallets in the past, and each serves a function. Coinbase is great for funding your Bitcoin account, since it can pull directly from your bank account, but the last time Bitcoin did a hard-fork split (to Bitcoin and Bitcoin Cash), no one got the Bitcoin Cash, if they had a Coinbase account. The same thing happened with Payza and However, the Peer-2-peer banking bitcoin website called BTCPop, gave each member the same amount of Bitcoin and Bitcoin cash. So when Bitcoin does the next hard-fork mid November 2017, I recommend having your Bitcoin in a BTCPOP account to ensure you get your monies in the different alt-currency.

Another thing I like about BTCPop, is that you can put money to work for you, earning 3% APR in a savings account. I get daily interest in this way. Mind you, I still keep my Coinbase account as well. Coinbase is great for when I want to add money to by Bitcoin balance. It takes a couple days, but when the account is funded, I can trade the Bitcoin to cash and back as needed, so I can play the Bitcoin market.

Finally the most important part about BTCPop, is that they hold just about every other Alt-Coin Wallets as well. So if you have Etherium, Lite Coin, Dash Coin, Bitcoin Cash, Doge Coin, or any other, it will hold those and allow for trading as well.

Offline Bitcoin Wallet

There is one final method to holding your Bitcoin I should mention. I don’t like it however because it can suffer from being banged up, lost, or even stolen – it’s storing your Bitcoin Wallet on a thumbdrive. If anything happens to the drive, the monies will be irrevocably lost. It doesn’t matter if it needs your fingerprint to unlock, it’s just not that safe of a method, unless you keep the thumbdrive locked up and a high security vault somewhere. If you do decide to get a Bitcoin Wallet, the trusted name is Treznor.

Eventually if anyone is able to make a Point-of-Sale terminal, I think that Treznor will be the wallet to hold – at least in part, for your walking around money anyways. But since there is no POS system yet, I would recommend waiting on purchasing one.

Let us know in the comments section below, what you think of our article on a Bitcoin Wallet.

Welcome to Bitcoin Advisor

Who am I and why should you follow my site? I am a 46 y.o. man who has been following Bitcoin for quite some time. I have been using it since 2012 when I first found out that some associates were betting on the currency to take off. It took 4 years, but in 2016, it made a giant leap onto the scene. So hard was it’s landing, that it jumped from $400 to $2700 in one year, and it’s not sitting around $4200.

Bitcoin in itself started as an idea, and a way to take your money out of the hands of bankers who – to be honest have a lot of free reign to do with it as they wanted. These days, Bitcoin is rolling forward and some countries are adopting it or rejecting it. However the key thing to note is that more and more websites and companies are accepting it. The other day, I saw even Microsoft was accepting it as a currency.

What all this means, is that you can expect a jump again soon. It might take a year, or it might take only a few months, but Bitcoin is the way to invest, and getting in now, before it jumps again is highly advised. The nice thing is, you do not have to buy a full Bitcoin. If you can only afford $20 every 2 weeks, you can invest $20 every 2 weeks.

Bitcoin is broken down into millionths of a Bitcoin, called Satoshi. So buy what you can, and keep buying it. We recommend Coinbase to open a Bitcoin digital wallet and add monies to your wallet, to ensure that your monies are safe, secure, and are easy to maintain.

Again, welcome to Bitcoin Advisor, we have much to discuss, keep reading, and stay tuned for more information.