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Topic: Holding multiple altcoins - page 12. (Read 24713 times)

sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
May 08, 2019, 10:50:21 AM
Holding multiple altcoins makes the portfolio much more stronger than having single assets. When we have multiple altcoins we don't be getting massive loss, because every asset won't be experiencing crash in the market at the same time. The loss of an asset can be compromised with the growth in another asset. To this reason portfolio always need to be of multiple assets.
sr. member
Activity: 518
Merit: 250
May 08, 2019, 10:46:35 AM
First of all, in finance there is a simple rule that 'Never Put your all eggs in one basket'. Looking at this rule you should follow to hold multiple coin but prefer to keep it in a single secure wallet. Preferably, you should use the hardware wallet like Trezor and the Ledger.

Exactly, putting money on one basket is certainly very risky, safer if we divide it into many places so if there is one problem we still have it elsewhere, there are many choices of coins and in my opinion everything is good.
copper member
Activity: 798
Merit: 3
May 08, 2019, 10:00:37 AM
First of all, in finance there is a simple rule that 'Never Put your all eggs in one basket'. Looking at this rule you should follow to hold multiple coin but prefer to keep it in a single secure wallet. Preferably, you should use the hardware wallet like Trezor and the Ledger.
hero member
Activity: 784
Merit: 500
May 08, 2019, 09:53:45 AM
Multiple altcoins serve to different purpose of investors and these variances are depend on each investor. Altcoins are speculative investment approach and having many of them can reduce the risks.
OTC
member
Activity: 196
Merit: 10
May 08, 2019, 09:28:34 AM
Holding multiple altcoin is a very strategy to take. There are many wallets available now which stores these altcoins safely. I personally will store most of my  altcoins in MEW and exchange wallet.
sr. member
Activity: 1974
Merit: 453
May 06, 2019, 11:56:47 AM
I am storing most of my altcoins / tokens in exchange wallets and MEW. I know that it is not a very safe option, to hold the coins in exchange wallets. But it is not always practical to install the desktop wallets for all the alts. I have never heard about these opensource multiwallets. To be honest, I am a bit afraid to use them. Can someone confirm that they are 100% reliable?
member
Activity: 560
Merit: 10
May 06, 2019, 11:52:56 AM
Holding multiple altcoins is a good strategy to do. Unless this lot of them keep pumping in this days so they have a big potential to increase up someday. For now lets wait till this year what exactly gonna happened.
full member
Activity: 434
Merit: 100
May 06, 2019, 02:43:00 AM
That is a great wallet innovation. Imagine many kinds of crypto in one wallet? It is very convenient set up but I hope they can add more security features to this wallet because it is only one wallet that carry all your different kinds of coin so it is risky if it not really secured because you might be lose everything when it is hacked.
No, this thread is about holding different altcoins on a multiple wallets, not in one. I want to hold Etherium, waves, bitcoin, binance coin and others.
full member
Activity: 546
Merit: 100
May 06, 2019, 02:33:20 AM
That is a great wallet innovation. Imagine many kinds of crypto in one wallet? It is very convenient set up but I hope they can add more security features to this wallet because it is only one wallet that carry all your different kinds of coin so it is risky if it not really secured because you might be lose everything when it is hacked.
hero member
Activity: 2814
Merit: 576
May 06, 2019, 01:26:33 AM
Holding multiple altcoin in one wallet. It is very easy and simple. I am personally use myetherwallet wallet and hold different type of ERC20 token. You can also use myetherwallet wallet its use very easy simple and secure.

Finding a secure wallet is not difficult. It is much more difficult to find those tokens that are capable of making you a profit and which you will keep in this wallet.
I am sure that storing Ethereum is an excellent investment option. Ethereum should grow in price in any case with the growth of the entire crypto market.
There are hardware wallet that supports altcoins and it's a good choice than storing our altcoins online.
Though I also stored some of my altcoins online, but I have to make sure that the coins I have heavily invested will be secured by hard wallets.
I only use free online wallet like MEW where I store my ETH tokens and some ETH for gas purposes only, while others are on different exchanges.
member
Activity: 336
Merit: 10
May 05, 2019, 05:46:01 PM
Holding multiple altcoin in one wallet. It is very easy and simple. I am personally use myetherwallet wallet and hold different type of ERC20 token. You can also use myetherwallet wallet its use very easy simple and secure.

Finding a secure wallet is not difficult. It is much more difficult to find those tokens that are capable of making you a profit and which you will keep in this wallet.
I am sure that storing Ethereum is an excellent investment option. Ethereum should grow in price in any case with the growth of the entire crypto market.
member
Activity: 280
Merit: 11
May 05, 2019, 04:13:42 PM
The risk of holding in a multiple wallets is not as much as holding in just one, but if I will hold in a single wallet, it has to be one that I can trust. Although, at this point I have not seen anyone who said he has issue with using holders wallet.
Personally, I just feel I can manage multiple wallets.
sr. member
Activity: 509
Merit: 250
May 05, 2019, 02:56:31 PM
Personally, after the robbery, I store all ERC20 tokens exclusively on MEW with access through Ledger! I wish I had bought Ladger earlier than this trouble happened to me. Smiley

Better to have that experience sooner than later bro. Hope your Ledger will serve you for a long time. Are you going to buy Nano X in the future?
member
Activity: 378
Merit: 10
May 05, 2019, 02:51:07 PM
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?

Holding multiple altcoins is really not a bad idea because the aim of holding is to wait and get value for your tokens. Personally I prefer to hold than to sell cheap after working months for a bounty and just selling them cheap on the market. The problem is with holding them all in one single wallet, anything can happen to your wallet at anytime and we have to be careful with the use of one wallet but holding multiple altcoins is not a bad idea.
jr. member
Activity: 201
Merit: 1
May 05, 2019, 02:37:12 PM
Apart from the fear of this bear market  holding multiple Altcoins is good I do use blockchain and ethreum wallet which I hold more than 25 different token. So holding is not bad but due to this market issues holder don't want to hold but sell at the best rate.
sr. member
Activity: 1190
Merit: 253
May 05, 2019, 02:35:13 PM
According to your hobbies, I have a lot of wallets to trust! And I don't think I should store all the encryption in one wallet!
Etherwallet
Imtoken
Myetherwallet(MEW)
Hardware wallet you can choose Ledger Nano
Thanks for this, I am sure that this will really help newbies and new investors. It is better to hold our coins or tokens on different wallets so that we can really secure our money. If something happened to other wallets, at least we still have other wallets which can be used in case we need it. It is much better if we really secure our security keys.
sr. member
Activity: 1106
Merit: 250
Vave.com - Crypto Casino
May 05, 2019, 01:43:41 PM
Holding multiple altcoin in one wallet. It is very easy and simple. I am personally use myetherwallet wallet and hold different type of ERC20 token. You can also use myetherwallet wallet its use very easy simple and secure.
full member
Activity: 396
Merit: 100
May 05, 2019, 01:21:16 PM
Lots of people hold or trade multiple altcoins all in trying to max out profit . For storage, I use multi wallets that supports virtually all tokens and it's easier for me instead of downloading wallet for each altocin. I see this wallet stuff every time with various projects coming up with their own wallet. This makes no sense to me. The multi wallet system is the major best

Now there are many mobile applications that can help you do this. It can help you manage all your assets anytime, anywhere with every mobile device you have on hand. But holding too much altcoin without concentration I think will lead to distraction
jr. member
Activity: 159
Merit: 1
May 05, 2019, 12:49:14 PM
I love the multi wallet system. Easy to access, easy to interchange and exchange, easy to use, navigate and remember wallet details. I know security comes out tops but for it to be efficient, a simple wallet system is all we need at any point. I dislike the idea of all projects having each individual wallet. that doesn't makes sense to me
full member
Activity: 560
Merit: 101
May 05, 2019, 12:17:37 PM
Personally, after the robbery, I store all ERC20 tokens exclusively on MEW with access through Ledger! I wish I had bought Ladger earlier than this trouble happened to me. Smiley
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