Topic: Can I hold my altcoin for years in my wallet? - page 37. (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. What will happen in the future we cannot predict, so we must seize every opportunity to make money to make more money. .
Yeah, of course, you can, that is the point of decentralized systems. But i will give you the advice to keep your assets in ledger. Or trezor.
Some altcoins grow up even when we have no hope. So if you do not need it at all, you may wait as much as you can. Maybe one day the will really be expensive
Not all the altcoins which are there in the world of the crypto currency are this much worthy to keep holding for longer term. It all depends on the nature of coin and that if you bought altcoins like that of ETH, then you can do it. Generally, most of the altcoins are preferred for the sake of day trading. If you want to go for holding of the coin, then it is better to choose bitcoin for that purpose. •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?
It will depend on many factors. But one thing you should aware is, you can't just leave it. You have to update with the recent news related with the development of the project from the coins you hold. Otherwise, if the swap occur and you failed to catch it on time, sure your token will be worthless!
•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?
There is always a chance, but there is no guarantee that your expectations will be met. Here as lucky. This way you can test your fortune. Good luck to you! •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?
Summarizing all that have already said, yes, u are able to keep your tokens in ur wallet for years till btc decides to die lol Hopefully, it wont happen in 10 years.
•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?
In my own point of view, yes you could hold your altcoin for a year inside your wallet just like bitcoin but the problem is if the volume of a coin becomes low you might sell it in a very low price, so its much better not to hold your altcoins in long enough inside your 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?
If this purse is not tied to exchanges, then you can. I generally got myself some wallets from which I never credited money to exchanges and other services. On them I keep my coins for a long time.
It is perfectly possible to hold altcoins for many years in a software wallet.
Actually, it is advisable to do so instead of keeping the coins in an exchange. You never know when the next MTGox or Cryptsy is going to happen
On top of that, if you choose a PoS coin like you should, keeping the coins in your wallet will generate passive income as long as periodically open the wallet.
However, keep in mind that altcoins evolve so it is not a bright idea to leave your coins unattended for a long period of time.
Keep track of your coins' evolution because they might fork, leaving you behind on the wrong blockchain.
Actually, it is advisable to do so instead of keeping the coins in an exchange. You never know when the next MTGox or Cryptsy is going to happen
On top of that, if you choose a PoS coin like you should, keeping the coins in your wallet will generate passive income as long as periodically open the wallet.
However, keep in mind that altcoins evolve so it is not a bright idea to leave your coins unattended for a long period of time.
Keep track of your coins' evolution because they might fork, leaving you behind on the wrong blockchain.
although you can hold your altcoin for years in your wallet, I don't suggest to you especially if you are too often gets panic when the altcoin price is down because you are hard to handle your emotion. and if you think that you are fine to see the price of altcoin you have is getting down, then you can hold your altcoin for a long time because you only want to sell at the highest price. this solution is for people that can hold their altcoin without worry about the price and they can stay calm when the market is getting down.
It's possible to hold your Altcoin in your wallet for a long period of time but the possibility of the coins become higher or increase in value depends on the coin strategy and if the coin looks promising, also depends on the volatility in crypto.
If it's strong Coin, you can invest it for many years without risk being dead or worthless. But sometime when you hold ICO for long time and then it can survive, you will be became millionaire.
•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?
Ofcourse yes, by putting your altcoin in your wallet you can gain more profit if the market price is high and stable and the value of your token will remain. Continue waiting and hold your token that is a good idea.
Well, you can hold your investment for as long as you want but then you need to understand that you need to keep an eye on the market as well. Do not hold till eternity and then the next thing you know is that you are one of those left over bag holders. It happened to me when I started, I got attached to a coin so much that even when it was ath, I just couldn't let it go and then the next thing I realized was that I did make a good amount of coins but the value reduced. If I would have sold it when I the price was soaring, I would be have been much happy with profits. However, we all learn as we grow so just wanted to share this.
Invest, take back your capital, reinvest the profit.
Invest, take back your capital, reinvest the profit.
•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?
You can hold for a long time, you can even leave it there for more than 5 years but the value is tied with the success of the project. If the project is great and they keep growing in one or two years then of course the value of the token that you hold will increase but if the project fail and stop midway, your token will become useless that's why it's very important to monitor your investment, so you know what's the future of the project is gonna be. •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?
i think we can hold our token for years but we cannot assure that the value of the token will stay the same because value of cryptocurrency are unstable and unpredictable ^_^
•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?
Of course, as you wish!
everyone could hold coins and tokens as long as they desire as some of the crypto investors are investing cryptocurrencies and choose to hold them as long-term investments and some crypto investors are investing long time ago like 3 years ago around 2014-2015 that until today they still didn't open their wallets even though they're even earning higher rewards and earnings.
I am holding my altcoins for almost a year but this month I choose to sell some of my coins to cover some of my expenses.
If you don't plan to trade it in the short term, keep it in your wallet, so long as you keep your private key, it's safe. As long as this project still exists, this token will be in your wallet. When you need to trade it, you need to add some gas bills.
It will be safe and you won't have to worry when you store your coins in purses over the years. As long as you hold the private key it safely. And you can hold your coins in your wallet while waiting for price coins could rise higher.
Absolutely. There is no law holding you back from doing so really. Although what you should do is to actually make sure that your wallet is properly secured since you have planned to hold it for years that means you will not be checking it regularly so just use a hardware wallet instead and make sure to keep all of your passwords and private keys safe along with it.
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