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Topic: Holding coins - page 12. (Read 2353 times)

legendary
Activity: 2646
Merit: 1106
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
December 21, 2018, 11:19:14 AM
#45
Few coins have got proven their growth in the past. People who fear about the market fluctuations can invest on bitcoin, ethereum or other top listed cryptocurrencies. Apart from them, users who have got low volume for investment can afford low price altcoins with good trading volume. This will surely profit in the long term on holding.
hero member
Activity: 1120
Merit: 554
December 21, 2018, 11:12:57 AM
#44
Coins should always be considered in a safe storage, there are lot of wallets and platform that could be used to hold coins, both of this  has good side and bad. Where will you choose to store or hold your coins, in a close source wallet (exchanges) or an open source wallet?

No matter how you store your coins there is always at least some risk involved.  Someone could $5 wrench attack you and force you to give up your keys.  You could have the best security technology can offer but if you have no physical security the whole thing is worthless.  Now even if you hold your cold storage wallet at a bank vault you have to trust the employees at the bank.
legendary
Activity: 2758
Merit: 1004
PredX - AI-Powered Prediction Market
December 21, 2018, 10:58:31 AM
#43
a very good time for me now to choose and hold coins that we think have the potential to be able to quickly grow and develop in the future, many of today's coins have the potential that has lowered the price, so immediately buy and save, while the coins are now have not raised the price at a higher price again.
well, for me, I don't think I will add to the stock of the altcoin that I have or buy it. Well, I have a few coins that I have been holding back since the beginning of the year, and of course that made a bit of a loss. yeah, but it's already a risk in holding coins.
member
Activity: 350
Merit: 11
December 21, 2018, 10:44:22 AM
#42
Coins should always be considered in a safe storage, there are lot of wallets and platform that could be used to hold coins, both of this  has good side and bad. Where will you choose to store or hold your coins, in a close source wallet (exchanges) or an open source wallet?
Firstly, I guess it can be close or open wallet depend to the investors. They have their own reference for saving their coins. For me, in a close source wallet (exchange) I can save mine more safety. IT gives us control and privasi in doing or processing anything.
full member
Activity: 644
Merit: 113
December 21, 2018, 03:37:57 AM
#41
Coins should always be considered in a safe storage, there are lot of wallets and platform that could be used to hold coins, both of this  has good side and bad. Where will you choose to store or hold your coins, in a close source wallet (exchanges) or an open source wallet?
I use ledger nano and local exchanger to hold coin. I think it is already safe for me because i put 2fa on that site, and can get help easily maybe because the office is on my city too.
I also plan to have a hardware wallet called Hodler. This is going to be introduced in the market in the first quarter of 2019. They now have android and windows version of wallet and it is really a great one to consider since it is the only fully open source wallet available. Most of preferred coins are in there and they continuously adding more kind of coins the community wanted.
full member
Activity: 910
Merit: 100
elysian.finance
December 21, 2018, 01:56:35 AM
#40
a very good time for me now to choose and hold coins that we think have the potential to be able to quickly grow and develop in the future, many of today's coins have the potential that has lowered the price, so immediately buy and save, while the coins are now have not raised the price at a higher price again.
legendary
Activity: 2954
Merit: 1155
Leading Crypto Sports Betting & Casino Platform
December 21, 2018, 12:56:27 AM
#39
Coins should always be considered in a safe storage, there are lot of wallets and platform that could be used to hold coins, both of this  has good side and bad. Where will you choose to store or hold your coins, in a close source wallet (exchanges) or an open source wallet?
I use ledger nano and local exchanger to hold coin. I think it is already safe for me because i put 2fa on that site, and can get help easily maybe because the office is on my city too.
sr. member
Activity: 1274
Merit: 252
December 21, 2018, 12:18:48 AM
#38
Coins should always be considered in a safe storage, there are lot of wallets and platform that could be used to hold coins, both of this  has good side and bad. Where will you choose to store or hold your coins, in a close source wallet (exchanges) or an open source wallet?
where I hold the coins depends on my needs, for example if the market is good for trading then I will definitely save/store my coins on an exchanger, and vice versa. The exchanger advantages and disadvantages I am very attentive to this especially I tend not to use exchanger or wallet that has been hacked and cases like funds lost.
full member
Activity: 644
Merit: 113
December 20, 2018, 11:30:58 PM
#37
I choose to store my coins in wallet which I control the private keys. I rarely store my coins in exchanges, unless the amount is small and there is no point paying for the withdrawal fees.
This is why I think people should be encourage to make sure that tgey have the contol of their private keys. This is the reason why I keep hearing discouragement on storing funds in exchanges or any close source wallet. Someone referred me the Hodler wallet and this makes me feel even more secure and safe about my assets.

Holding your coins for long time in exchanges is not recommended as exchanges is not a wallet for that purpose. Exchange is still exchange, a place that we should use for exchanging/trading only. Indeed there are so many trusted exchanges, but for holding purpose is always better to use a wallet that we have full control of our assets. For those who have limited funds to buy hardware wallet such as ledger or trezor, there are some safe desktop wallet to store our bitcoin such as electrum and bitcoincore. I myself using electrum and obviously we should add extra security by setting 2FA on the wallet.
Totally agree. I think a wallet could have an extra security if it is going to be open source. Good that you mentioned Electrum, this is a good option if you only want to use bitcoin, if you also plan to use ETH, erc20 tokens or other altcoins HODLER is a good multiwallet option because unlike other multi wallets it is fully open source.
hero member
Activity: 2814
Merit: 576
December 20, 2018, 07:42:59 PM
#36
holding a coin is a great way to get the desired benefits but you have to hold the top coin. because the top coin to experience a high price increase is very easy, because there are already many successful investors by holding the top coin
They became successful because they aren't affected with the FUDs and the declining status of the market.  They stay positive and look the opportunity while prices is low.  Listening to bad news will affect our decisions and lead into selling our coins.  Unlike them,  they just keep it in holding and relax.
legendary
Activity: 2170
Merit: 1427
December 20, 2018, 06:42:41 PM
#35
Mostly people use block chain which is not hackable.

It may not be hackable from Blockchain's side, but it certain IS hackable from your side. On top of that, the Blockchain wallet is redundant. There are much better mobile wallet clients out there, and an added benefit of these clients is that they also support Segwit, which Blockchain doesn't and probably never will due to toxic politics games.

I'm personally using the Electrum mobile wallet client, and while its UI may not be as sleek as the one from Blockchain, it works perfectly and supports every address format. Blockchain's lack of Segwit support means that you can't send funds to a native Segwit address starting with bc1. In other words, they are censoring your payments to a certain degree. Not good.
hero member
Activity: 1078
Merit: 501
December 20, 2018, 03:24:15 PM
#34
I think the personal wallet is safer because we hold the privat key, when compared to the market which a few months ago there were many issues about market hacking I was hesitant to save it on the market because of that
Well hacking is not an issue if we keep our eyes open and if we don’t share our personal data with unknown. It is good that we have allot of wallets which can be use to solve the security issue of our investment. Mostly people use block chain which is not hackable. So in crypto never share your privacy with anyone.
full member
Activity: 854
Merit: 115
December 20, 2018, 11:31:13 AM
#33
I think the personal wallet is safer because we hold the privat key, when compared to the market which a few months ago there were many issues about market hacking I was hesitant to save it on the market because of that
legendary
Activity: 2030
Merit: 1028
December 20, 2018, 11:04:25 AM
#32
In crypto everything work with internet so when everything went in internet, hacker always there so we must be more careful to put your money.
Usually I'm not place all of my crypto in one place, personally I have local exchange, blockchain,electrum,and multibit.

Using hardware like ledger can be the alternate choice as long as you keep your eye on it because when it's vanish, you will loss for good !
sr. member
Activity: 602
Merit: 250
December 20, 2018, 11:02:25 AM
#31
holding a coin is a great way to get the desired benefits but you have to hold the top coin. because the top coin to experience a high price increase is very easy, because there are already many successful investors by holding the top coin
legendary
Activity: 3500
Merit: 1354
December 20, 2018, 10:50:24 AM
#30
I choose to store my coins in wallet which I control the private keys. I rarely store my coins in exchanges, unless the amount is small and there is no point paying for the withdrawal fees.
This is why I think people should be encourage to make sure that tgey have the contol of their private keys. This is the reason why I keep hearing discouragement on storing funds in exchanges or any close source wallet. Someone referred me tge Hodler wallet and this makes me feel even more secure and safe about my assets.

Holding your coins for long time in exchanges is not recommended as exchanges is not a wallet for that purpose. Exchange is still exchange, a place that we should use for exchanging/trading only. Indeed there are so many trusted exchanges, but for holding purpose is always better to use a wallet that we have full control of our assets. For those who have limited funds to buy hardware wallet such as ledger or trezor, there are some safe desktop wallet to store our bitcoin such as electrum and bitcoincore. I myself using electrum and obviously we should add extra security by setting 2FA on the wallet.
hero member
Activity: 1092
Merit: 501
December 20, 2018, 10:45:42 AM
#29
Coins should always be considered in a safe storage, there are lot of wallets and platform that could be used to hold coins, both of this  has good side and bad. Where will you choose to store or hold your coins, in a close source wallet (exchanges) or an open source wallet?

So far, for what I did now I hold some of my coins in the other exchange platform like Kucoin, Cryptopia,  Waveswallet and for the storage wallet

Myetherwallet, Nem wallet, and Electrum wallet. Just make sure you keep your password and private key and activate your 2Fa to avoid hacker.
newbie
Activity: 28
Merit: 1
December 20, 2018, 10:45:27 AM
#28
Yes I'm holding but at same time I'm lending some coin to generate some income
brand new
Activity: 0
Merit: 0
December 19, 2018, 11:00:33 PM
#27
holding coin is good decide
full member
Activity: 644
Merit: 113
December 20, 2018, 09:56:14 AM
#27
I choose to store my coins in wallet which I control the private keys. I rarely store my coins in exchanges, unless the amount is small and there is no point paying for the withdrawal fees.
This is why I think people should be encourage to make sure that tgey have the contol of their private keys. This is the reason why I keep hearing discouragement on storing funds in exchanges or any close source wallet. Someone referred me tge Hodler wallet and this makes me feel even more secure and safe about my assets.
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