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Topic: Don't hold your coin on exchange for long time. - page 5. (Read 1563 times)

full member
Activity: 420
Merit: 105
Only if you are a day trader should you have your cryptos in exchange and in that case too not all of your tokens/coins, just the amount with which you can trade and bear the risk of. Exchanges get hacked many a times and not all exchanges provide refund for the money stolen. So, please stay vigilant and keep your investments in their respective wallets or better yet in a hardware wallet like Trezor.
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

You have a point because there are market's that cannot actually handle the growth of cryptocurrency and sometimes there are hacking issues as well due to their weak security so i prefer using ledger than.

Yeah that's one thing we can learn from the mtgox debacle a few years ago though i quite ended up well for the investors because btc's value grew a lot while they're waiting for their case. But it could've gone the other way so just to be sure have all your hodlsin your personal wallet.
full member
Activity: 378
Merit: 100
When Football meets Crypto
If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

You have a point because there are market's that cannot actually handle the growth of cryptocurrency and sometimes there are hacking issues as well due to their weak security so i prefer using ledger than.
jr. member
Activity: 280
Merit: 1

I think it's right to prevent the damage
 in the end

 because you think you have fallen on Bitcoin so far
but in the end
 the price of the bitcoin will collapse too
i and may also be defeated in the future.
full member
Activity: 392
Merit: 100
platform for everyday business
If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
Thanks bro,for this your good advise in doing some holding capital in exchange trading,actually all of this happen mostly difenitly true,and alarming,because when we put up our crypto coins in the tradings exchanges that we would like to make a transaction,so that its ready to exchanges it to fiat or convert to another altcoins,we could not assure that if there something happen those trading site's our crypto coins would return in exact value,or return back to you in good hands,thats why its discourage to put some of our portfolio in the trading sites,in order to aware of hacking system.
full member
Activity: 784
Merit: 123
That's right, I'm not particular of just letting my coins sleep in exchanges waiting for a better price then sell. It is the way also to keep safe from losing our coins, it is better to keep it in MEW.
I don't think is just because of hacking issues but also of some maintenance break. Anyway, it is rarely to happen but have chances though. 
member
Activity: 392
Merit: 10
If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
We should not keep coin and long-term investment, the market is falling into crisis as the price of bitcoin is constantly decreasing and consequently the price of altcoin drops sharply, so long investment At this point, you will only get a loss and you will be able to lose a lot if the market can not recover and continue to fall deeply.
newbie
Activity: 114
Merit: 0
I do not know much about technical analysis. So I can only buy and hold. I kept the coins I was investing for a long time and when my coins went up I would sell.
jr. member
Activity: 61
Merit: 9
My opinion. There is an advantage and disadvantage both. If you have no coins in your exchange wallet, how about the constant pump of the coins you are currently holding, transferring coin in one's exchange wallet consume more time, and when the coins arrived in your exchange wallet, the pump/dumb are gone, so you missed the opportunity of a big profit. Choose exchanges with a higher level of security.
member
Activity: 294
Merit: 10
In this online industry there to money exchanger site but all exchanger is not good so it is very perfect if you don't hold your coin in one exchanger for a long time but if you use bittrex, poloniex and binance thus are very good platform so you can hold your coin for a long time without any doubt. Before holding your coin You must use 2Fa verification system otherwise you can be lost your home money.
newbie
Activity: 103
Merit: 0
Yes, you are right.In current situation, Some exchanges are being hacked by the hackers.Most are feeling insecure to store  their funds or coins to exchange.But There are some reliable exchanges also that have strong security and hard to hack.But it is always recommended to keep those funds in a personal wallet that is reliable.
TGD
hero member
Activity: 1288
Merit: 620
Wen Rolex?
If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
Yes i was lost my 135 tokens and it price was more 20k$  .Bitrex and binance most safe and secured exchanger so i think never join or trade other exchangers without knowing more details about. Most of the people lost and hacked for click pshing site which looking like original so be carefully
true store your coin in a trusted exchanger so it would ever be safe cause taking this in other exchange that you may never knowing the details of it you might be lost it for.
sr. member
Activity: 700
Merit: 255
LOL are you making this post for newbs that don't know this #1 rule in crypto?? Never leave your money on an exchange! With that said I have some money on exchanges I used for trading and such that I leave there but it is nothing that I am not 1000% comfortable with losing if something does happen Smiley But like one of the other users said I think decentralized exchanges will be big in the coming years Smiley
member
Activity: 238
Merit: 10
If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
I think that at this point you should not hold coin as well as long term investment at this point, you can see that bitcoin prices are steadily declining in recent days and now fell to $ 5800. The market is very bad signals, bitcoin prices will reduce the price of altcoin drastically and you will be able to lose very heavy if you keep altcoin.
newbie
Activity: 109
Merit: 0
It depends on the extent of your experience and circulation. If you are buying and selling daily, you will have to keep your currency for a while, but as a rule, it is always better to transfer to your wallet as long as you do not want to use your cryptocurrencies.
Transaction fees are meager, so a loss of $ 2 to protect $ 2000 is not a bad swap. Remember: wallets does not mean that your currencies are safe unless you know how to use it "save your seed, hide your private key,...etc." If you want to hold your coins you can do that anyplace mate. Please review about the good wallets and have your fund on it for keeping the security concerns like 2FA and .JSON file saving it securely Hodl is still the best strategy soo far in time  like this in which the price is in the bottom, but  in long term holding I would prefer to hold stronger coins like  bitcoin  because what  I considered is the stability and safety of your assets.
member
Activity: 100
Merit: 10
If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
nicely isn't always really helpful for one to keep his or her coins on the trade due to the fact the change can be hacked at any time or the withdrawal of the precise coins you're keeping may be placed on hold for purpose satisfactory acknowledged to exchanger operators.
sr. member
Activity: 826
Merit: 250
Bitgesell (BGL) Decentralized Cryptocurrency!
If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
Yes i was lost my 135 tokens and it price was more 20k$  .Bitrex and binance most safe and secured exchanger so i think never join or trade other exchangers without knowing more details about. Most of the people lost and hacked for click pshing site which looking like original so be carefully
sr. member
Activity: 476
Merit: 250
If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

We really cannot say that because some coins that if you hold for a ling time their price rise up and jf there are a new exchanger that comes usually the price is much higher than the previous one so that is much more profit. But of course there are some times that when you hold too much what will happen is the coins will die soon until it comes to the point that you cannot sell them anymore because they are really worthless. But again it depends on the coin
member
Activity: 490
Merit: 28

I advise you not to keep these coins in the long run. When you have enough profit should sell immediately, do not let emotions dominant to expect the coin will continue increase prices. Coins for too long will easily lead to sharp discounts, theft, hackers, ...

So the coin long time. It good opportunity for get more profit. So people hold the coin long time. If need for any emergency purpose. Sell the coin price increase time. It digital currency. So it any where to use and any time to increase the price. So people will be check the market price. If want to know more information of the all coin.
Hodl is still the best strategy soo far in time  like this in which the price is in the bottom, but  in long term holding I would prefer to hold stronger coins like  bitcoin  because what  I considered is the stability and safety of your assets.
sr. member
Activity: 630
Merit: 253

I advise you not to keep these coins in the long run. When you have enough profit should sell immediately, do not let emotions dominant to expect the coin will continue increase prices. Coins for too long will easily lead to sharp discounts, theft, hackers, ...

So the coin long time. It good opportunity for get more profit. So people hold the coin long time. If need for any emergency purpose. Sell the coin price increase time. It digital currency. So it any where to use and any time to increase the price. So people will be check the market price. If want to know more information of the all coin.
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