Topic: Can I hold my altcoin for years in my wallet? - page 15. (Read 4500 times)
I think you need to observe market conditions. Selling your currency when the currency price is high will be a very good choice. And it has wallet services so that even the stock exchanges to keep safer money.
of course, no one can force you to sell it, but you need to understand that the benefit of such a solution can not be extracted
•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?
Well why do you even need to hold it forever? You can store it for some time. Choose the coins that are expected to rise soon. What is the reason of holding it till ages? Go for tau, Drgn and Powr and you shall not regret. •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 hold your altcoin in your wallet. Surly it will remain price will increase and decrease its depends on market condition.Other hand if you have no enough gas dose trade any token from your wallet.So you also need enough gas.
Yes you can. Be sure to store your private key safely. But no one can predict about the value. Value can go 5/10x up or down in this period. It depends on that coins development. If the team is active the price will surely go up.
To store tokens that we can certainly be saved for long periods of time suppose you want to save up to the next few years, and for value problems will change as long as tokens have a good value in the market and can be no longer valuable if tokens are not developed so opportunities we can both be worth more or no value at all.
if my principle is better not to have money for a moment than to sell with low altcoin prices, and better we keep altcoin until the price is high from the price of the previous year. if in my opinion there is no problem if we do not have gas this year. but if we still want to keep this why we should get out, and maybe someday or next year this opportunity will be worth more than the previous year. and this opportunity will never be for the next year.
•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?
Nope! Just don’t hold on it for years. I invested in coins like Paragon, Cardano and Stellar and I am holding them right now. I know after a month their value shall go very high, so there is no need to hold on forever.•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?
Ofcourse an investor is free to do such thing as holding but not all the time it would be profitable given that altcoins are known to be best at short term holding. So if you are deciding to hold an altcoin for a long period of time, choose an altcoin that is having wide popularity such as ethereum .
You have some point of it yes this is true tha most common people dont let that their coin are on that place specially when it needs some attention to sell cause when there is some possibility of you have to sell it also.
Of course, you can hold such tokens in the long term, but their price is unpredictable in the future. I would rather sell this token and transfer the received amount to other coins.
Yes, with the blockchain, no one can touch your money if you don't lose your wallet.
However you should consider the value of your altcoins could rise or fall with the market. And if the altcoin die (it is the worst), you will lose all the money.
So you should consider the price of altcoin to decide to hold or sell.
However you should consider the value of your altcoins could rise or fall with the market. And if the altcoin die (it is the worst), you will lose all the money.
So you should consider the price of altcoin to decide to hold or sell.
It is possible to keep hold of the altcoins for a longer time period in a wallet, but at the same time it needs to be transacted quite often to stay away from hackers. Because, most of the time the hackers finds the wallets inactive for a longer time period and try to enter into it to steal the funds.
You can hold your coins for as long as you want however make sure you don't lose a track of your holding and most importantly don't be bag holder for thats bad. You should plan your profits and let your investment work for you even when you are sleeping.
Always be part of the community where lies your investment and keep checking the latest development/news.
All the best!
Always be part of the community where lies your investment and keep checking the latest development/news.
All the best!
You can keep Altcoin for up to 10 years or 20 years if you can do it. But you should remember that altcoin is easy to scam or die. So maybe in the next 1-2 years altcoin you hold it will die and you will not have any profit from it 
As long as you have a strong hands it is possible to keep your altcoin more than one year but I believe in just a few months it will explodes again and earn good profits at the right time, don't mind those negative people because this technology has a good potential im future. 
The community has been still developing, but I guess that top 10 coins will survive in the future and it could be wise to hold them for a really long term period, but you should take into account the wallet security problem.
Ofcourse an investor is free to do such thing as holding but not all the time it would be profitable given that altcoins are known to be best at short term holding. So if you are deciding to hold an altcoin for a long period of time, choose an altcoin that is having wide popularity such as ethereum .
You can keep Altcoin for up to 10 years or 20 years if you can do it. But you should remember that altcoin is easy to scam or die. So maybe in the next 1-2 years altcoin you hold it will die and you will not have any profit from it
These same government authorities in India, commonly changing their perspectives on crypto. I think regardless they don't generally comprehend what they need from the blockchain, to create it or to deny.
Yes, and I recommend Trezor for that. It's working really well for me. Highly recommended.
They give you a sheet to write down your recovery seed/phrase so that in the event your Trezor is lost/not supported in 30 years/whatever, you can easily recover your wallet by entering the phrase into any popular wallet service, such as Electrum or Mycelium on your phone.
It's a good, foolproof system. But you should play around with it for a bit, exchange some coins to your own wallets, get a feel for the device, then finally move your savings to it and sleep soundly knowing that they are safe and the backup exists.
They give you a sheet to write down your recovery seed/phrase so that in the event your Trezor is lost/not supported in 30 years/whatever, you can easily recover your wallet by entering the phrase into any popular wallet service, such as Electrum or Mycelium on your phone.
It's a good, foolproof system. But you should play around with it for a bit, exchange some coins to your own wallets, get a feel for the device, then finally move your savings to it and sleep soundly knowing that they are safe and the backup exists.
Why not ,
of course for you is also a good way to get more profit by waiting for higher price increase, because for us it is also very safe you save bitcoin in your wallet, even though for years also safe
of course for you is also a good way to get more profit by waiting for higher price increase, because for us it is also very safe you save bitcoin in your wallet, even though for years also safe
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