Topic: Can I hold my altcoin for years in my wallet? - page 13. (Read 4515 times)
of course you can hold it for long years if you want, maybe you gain more profit or double the profit that you want
I will hodl it until they finish with their road map and the development of their project by then i'm sure the price will sky rocket if not then i consider that the project has failed miserably and i loss my time to hodl it. but if it goes as i planned then i'll become a millionaire for sure god willing.
it mainly depends on the project itself, if the team and the product are used in real cases and businesses than the price may rise during years otherwise if its a shitcoin than probably the price would decrease
holding altcoins in the wallet is the riskiest thing we never do it is nt adviseable to hold coins in the wallet it is advisable to hold coins in hardware wallets
•What if I dont have any money ? And I decided to hold my altcoin at my wallet.
•Will the value remain?
For example
I got a Klarity token and I got no gas so I will leave it there for a year or two.
•Any chances of value getting higher? Or it will die to years later?
•Will the value remain?
For example
I got a Klarity token and I got no gas so I will leave it there for a year or two.
•Any chances of value getting higher? Or it will die to years later?
Yes you can always hold your coins on the respective wallets, But always remember whenever there is a hard fork, then you need to update your wallet to the latest version for your coins to get synchronized with the latest block-chain data. To answer your 2nd question, the value will be fluctuating and it depends on the current market price.
•What if I dont have any money ? And I decided to hold my altcoin at my wallet.
•Will the value remain?
For example
I got a Klarity token and I got no gas so I will leave it there for a year or two.
•Any chances of value getting higher? Or it will die to years later?
It is like holding for a long term. You can do it, but I would recommend you to do so with a more profitable coin, like ETH, BTC, LTC and others. The reason why is, such low key coins can crash easily in 1-2 years, so you will lose your savings. •Will the value remain?
For example
I got a Klarity token and I got no gas so I will leave it there for a year or two.
•Any chances of value getting higher? Or it will die to years later?
What I can say depends on whether your altcoin holds longterm and if their project is strong and if there are large projects for it it's a good time to hold it so you just keep it big enough.
You can, but it is risky especially now that there are some wallets that already hacked by hackers and all the tokens in wallet of the user got robbed. I suggest to keep it in some exchanges where they have a strict policy and good security. It will be hard for the hacker to enter to exchanges security.
Depending on how the project of coins you have in the future. whether the project works as roadmap. every year crypto experience price increases.
You can hold you altcoins for as long as you wish. The only thing is that you would have to periodically check on them to see if the ICOs that you invested in is still around or if they faded away.
If you invest in a coin that decreases in value, that means that the ICO isn't doing well and you should figure out why.
-If it looks like they are losing value because their project never took off then you should try and sell your coins.
If the coins you invested in look like they are stabile or increasing, then you shouldn't have a problem holding your coins for however long you desire.
How a coin reacts to the market seems unpredictable, but if you know what to look for you can generate a great deal of wealth.
Always do your research before you purchase anything.
-See what the project is looking to accomplish, read their whitepaper and review their road map. If you see the potential in a project and believe it will do well, purchase and hold.
By exchanging knowledge, we can all help each other flourish. #WithRootForce
If you invest in a coin that decreases in value, that means that the ICO isn't doing well and you should figure out why.
-If it looks like they are losing value because their project never took off then you should try and sell your coins.
If the coins you invested in look like they are stabile or increasing, then you shouldn't have a problem holding your coins for however long you desire.
How a coin reacts to the market seems unpredictable, but if you know what to look for you can generate a great deal of wealth.
Always do your research before you purchase anything.
-See what the project is looking to accomplish, read their whitepaper and review their road map. If you see the potential in a project and believe it will do well, purchase and hold.
By exchanging knowledge, we can all help each other flourish. #WithRootForce
not all altcoins are good for long term holding or specifically, not all would be profitable to hold for years since not all altcoims are having price increase for a long run because most of it are best at short term holding. Some altcoins that would be profitable holding for years is ethereum due to its price increase from the previous years.
Long-term investments are more profitable, because they can bring more profit, but there are risks!
if you have a token, I think the token will not be lost in your wallet. if you do not delete your private key. if your private key is lost, then hope to retrieve your token will be lost as well.
Yes, You can hold altcoin in your wallet for as long a you want as long as the wallet is safe and reliable but you do not know what will happen to the price within those period because crypto is volatile and you cannot trade without gas, I will suggest you are very strategic with your hold.
I've kept altcoin in my wallet for over a year and it's still there, I have no qualms about it, I think I will keep it until I really need it
To reduce your losses, you need to know what is growing and what is falling in price. Then make your strategic plan and act. A bit of farts and everything will grow together.
better not to have money for a moment than to sell with low altcoin prices. Yes you can. you can hold your altcoin in your wallet.
Truly you can hold them as long as you need however you ought to consider putting away them in paper wallet or some equipment wallet. Not store them on a trade for long haul. Correspondingly in the event of work area customer or mobie wallet you ought to likewise keep away from them as in the event of some malware/infection you may wind up losing your wallet.
Truly you can hod your altcoin in your wallet for long time. On the off chance that you feel that your coin has a considerable measure of potential for long time and you can take more development frame them.If venture you are doing is phenomenal and his token are more esteem capable in future then likewise you can hold them . Smiley
The value of your tokens is not determined by how long it is kept in your wallet. What determines it value is the current price on the trading exchange. After keeping for years, you can be so lucky that your tokens will be worth a lot of money but it can also be worth nothing if the dev team has abandoned the project
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