Topic: Holding multiple altcoins (Read 24713 times)
Well its good to have all altcoins stored in one wallet as it makes it easy to be accessed and this is what multi wallet offers. Well, actually have not heard of this particular wallet but it sure looks good and have good UI. But, in my own way, I use trust wallet as it can also support altcoins and other coins like BTC. But with this, comes greater sense of carefulness, that is, should it be accessed by anyone it could put our assets at risk hence I locked the app in this way making it only accessible by me.
RVN and SIN are my only bags besides BTC because they are fully decentralized and community-driven...
Many of us prefer to hold multiple kind of coins. What do you prefer: holding it in a sigle kind of wallet or have it on a different kind of wallet?
Personally, I prefer to store in an opensource multi wallet that support all my preferred coin and even ERC20 token, its the only opensource multiwallet available called Hodler and so far I find it good. Do you think, this is really good idea?
Personally, I prefer to store in an opensource multi wallet that support all my preferred coin and even ERC20 token, its the only opensource multiwallet available called Hodler and so far I find it good. Do you think, this is really good idea?
I personally also invest in multiple altcoin, because it's easier for me to make a profit compared to I only hold one altcoin, besides that I also prefer to save altcoin that I invest in exchange, because if the price of altcoin that I invest increases, then it's easy for me to sell it, but I save it on exchange that are safe (like Binance, KuCoin and Okex).
Many of us prefer to hold multiple kind of coins. What do you prefer: holding it in a sigle kind of wallet or have it on a different kind of wallet?
Personally, I prefer to store in an opensource multi wallet that support all my preferred coin and even ERC20 token, its the only opensource multiwallet available called Hodler and so far I find it good. Do you think, this is really good idea?
Personally, I prefer to store in an opensource multi wallet that support all my preferred coin and even ERC20 token, its the only opensource multiwallet available called Hodler and so far I find it good. Do you think, this is really good idea?
Same thing applies to me. I personally do want to store up my crypto coins in an open source multi wallet that can cater to hold any typs of cryptocurrencies whether it is Bitcoin or Altcoins specifically those Altcoins that does not belong to the top rank because I have already saw several wallets that cater storing up Bitcoin, Ethereum, Ripple, and Bitcoin cash all together in a single wallet. The reason why I want to store my assets in a single wallet is to of course have an easy access on my assets as well as monitoring their price behavior. Though this storing is risky, I always keep in my that I need to be careful and responsible enough so that no one can access my wallet except me only.
for me personally who holds a lot of altcoin is a good decision especially if you have the top altcoin in the cryptoqurrency market, but if you save a large amount and store it in a web wallet, my advice is to always be careful because there are so many pishing sites, much more well you keep a large asset in a hardware wallet like Ladger Nano.
Even though the amount of altcoin that is being held is small, security must remain a priority in securing our crypto assets, and one of them is as you said by using nano ledger/hardware wallet.
For me personally it doesn't bode well to keep everything on one single wallet, in such a case that you would get deceived, you will lose everything. Always remember to utilize the expansion and to hold your coins on various wallets and various exchanges if you keeps yours there
for me personally who holds a lot of altcoin is a good decision especially if you have the top altcoin in the cryptoqurrency market, but if you save a large amount and store it in a web wallet, my advice is to always be careful because there are so many pishing sites, much more well you keep a large asset in a hardware wallet like Ladger Nano.
It maybe good or not depending on our situation and strategies and let's make sure that if we really wanted to hold a lot of altcoins, let's make sure that at least we can have time for us to check it always what's their development, or what's their plan, because holding much altcoins when you are busy person is not advantage and advisable.
for me personally who holds a lot of altcoin is a good decision especially if you have the top altcoin in the cryptoqurrency market, but if you save a large amount and store it in a web wallet, my advice is to always be careful because there are so many pishing sites, much more well you keep a large asset in a hardware wallet like Ladger Nano.
Even though the amount of altcoin that is being held is small, security must remain a priority in securing our crypto assets, and one of them is as you said by using nano ledger/hardware wallet.
for me personally who holds a lot of altcoin is a good decision especially if you have the top altcoin in the cryptoqurrency market, but if you save a large amount and store it in a web wallet, my advice is to always be careful because there are so many pishing sites, much more well you keep a large asset in a hardware wallet like Ladger Nano.
Many of us prefer to hold multiple kind of coins. What do you prefer: holding it in a sigle kind of wallet or have it on a different kind of wallet?
Personally, I prefer to store in an opensource multi wallet that support all my preferred coin and even ERC20 token, its the only opensource multiwallet available called Hodler and so far I find it good. Do you think, this is really good idea?
Personally, I prefer to store in an opensource multi wallet that support all my preferred coin and even ERC20 token, its the only opensource multiwallet available called Hodler and so far I find it good. Do you think, this is really good idea?
For most of us, its been natural or normal to acquire different kinds of Altcoins which can come directly from projects or directly purchased from the market to be able to have a wide source of potential profit which will take some time. In my case, I do acquire lots of Altcoins but I always do assure it is worthy and is good for long term holding that is why I do prefer storing them into just a single wallet wherein I can do access all of my altcoins in just a single tap or scroll monitoring how the prices behave and decide whether I will sell or keep on holding it for a while. But, even if I prefer storing them up into a single wallet, I always keep and take note of lots of security features to keep my assets safe and secure backing up my password into a flashdrive and put it into a volt wherein I am the only one who can access. The risk of storing up all your assets into a single wallet is once that it is hacked, all of your assets will be gone which I am aware so I always take precautionary measures before I open up my wallet because once it's gone, it can never be retrievable once again.
Its good to have all your tokens in a wallet but there are some blockchain projects that you just cant store their tokens on other wallets except theirs, in this type of situation, you have no other option than to just have multiple wallets managing your assets.
holding all coins in one wallet is the desire of most people, because it will make it easier to monitor and carry it everywhere.
it's just the risk when the wallet is lost then all assets will be lost,
but as long as you still hold the private key safely, everything will be fine.
maybe for some people it would be nice to have a lot of altcoin, but for me it is not efficient because I only have a lot of altcoin without being able to monitor developments and prices it's just the risk when the wallet is lost then all assets will be lost,
but as long as you still hold the private key safely, everything will be fine.
Holding a bunch of altcoin for a long time is actually deadly and holding a multitude of them is tsunamic. The rate at which they drop in price after a few days of exchange listing is astronomic. The best thing to do is to study the market trend and find the right time to sell.
holding all coins in one wallet is the desire of most people, because it will make it easier to monitor and carry it everywhere.
it's just the risk when the wallet is lost then all assets will be lost,
but as long as you still hold the private key safely, everything will be fine.
it's just the risk when the wallet is lost then all assets will be lost,
but as long as you still hold the private key safely, everything will be fine.
This is my favorite strategy, I hold around 15 top rank altcoins and around 10 new listed coins, I hope that the market will get better soon so that crypto prices can skyrocket again like 2017 ago.
I think holding many altcoins is not very profitable for you because it will be very difficult for you to manage your assets and it is completely difficult if the market tends to fall. In my opinion, you should only choose from 3 to 5 altcoins to hold in the long term and will minimize a lot of big risks. I not sure if you can make a profit or not, but you should only choose the top 10 coins available.The best options right now are LTC, EOS, BNB, ETH, BCH because these 5 coins are good for profit if Bitcoin trend increase in the near future and will be less dangerous in investment.
I think holding multiple altcoins is not a good idea, because it will be difficult to monitor the development of these coins.
Moreover, all the altcoins that we have stored in one wallet, this is very risky. My advice is better holding just a few altcoins,
so it's more efficient in optimizing profits. Keep if possible altcoins that we have stored in some wallets, this is one way to
avoid hackers. As we know it is very vulnerable to hacked everything that is related to money, therefore we must be smarter
in anticipating it.By storing coins that we have in several wallets.
Moreover, all the altcoins that we have stored in one wallet, this is very risky. My advice is better holding just a few altcoins,
so it's more efficient in optimizing profits. Keep if possible altcoins that we have stored in some wallets, this is one way to
avoid hackers. As we know it is very vulnerable to hacked everything that is related to money, therefore we must be smarter
in anticipating it.By storing coins that we have in several wallets.
Always your portfolio should mixed with various coin. Multiple coiin always gives you good good profits, if one coin fall than another will rise. Here multiple coin isn't for few money investment. Stay alert about your multiple coin price, set a price reminder in your favorite coin list. Multiple coin can't be only top coin, out of top coins should add
This is my favorite strategy, I hold around 15 top rank altcoins and around 10 new listed coins, I hope that the market will get better soon so that crypto prices can skyrocket again like 2017 ago.
I think its a good idea to hold multiple altcoins in your wallet however, holding too many coins in your portfolio will make it quite difficult to monitor the prices of the coins. I'll advise you to hold a few coins that are good in your wallet.
If you hold a lot of altcoin it will be difficult to monitor progress, i suggest holding a few at least 5-10. But for now it's not the right moment to invest in altcoin, if you already get ROI it's better to buy bitcoin for long-term investement
yes I agree with this, in the past I had invested in 5 altcoins and in my opinion it was quite difficult to monitor. because if investment is not carried out monitoring, we can not know the developments that occur in investments made Jump to: