Holding multiple altcoins - page 14.

rodel caling

full member

Activity: 952

Merit: 104

Quote from: Anonylz on April 20, 2019, 03:24:13 AM

Quote from: faceoff97 on April 19, 2019, 06:30:18 PM

Quote from: jademaxsuy on April 18, 2019, 10:33:19 PM

Quote from: batang_bitcoin on December 06, 2018, 04:37:46 AM

I'd prefer to hold it with a muticurrency wallet like ledger nano s.

It is convenient if most of the coins you hold can be stored within a single wallet which is trusted and reliable. I have seen that hodler wallet ran a signature campaign here but I still prefer to stay with ledger nano s.

Yeah right the OP is more on like putting an egg in one basket and if anything goes wrong then OP will realize it losing all his/her coins in an instant by having that platform. Even though we know that these are secured but still there is a chance that hackers may manage to breach the system. Just take the cryptopia, MEW and other wallets or exchanges that has been hijack.

I don't think someone could hijack the wallet. And I'm not also putting all asset in one wallet, I have multiple wallet but with the same kind of wallet. I need wallet that is more convenient to use and offers a lot more safer and secure security feature. Since also it is open source, you can see potential vulnerability of your own funds which makes it more secure.

i prefare to store all my important coins in one wallet, this way i can easy control and aware of any activities, then i have wallets to participate in campaigns and stuff like that, it is not very safe to expose your major wallet that hodls all important funds, that may likely result to been attack, am using enjin and mew and am okey with both so far.

Sorry but i want to give you an caution using one wallet in the multi coins for isn't advisable because if possible they hpget hack all your investment will goes nothing.

Shatterlean22

jr. member

Activity: 350

Merit: 4

Is very hard to hack multicoin wallets because each address has different private keys entirely so it's safer holding your coins in different addresses, I use coinomi wallets and I have access to my private keys

Anonylz

hero member

Activity: 2562

Merit: 577

Quote from: faceoff97 on April 19, 2019, 06:30:18 PM

Quote from: jademaxsuy on April 18, 2019, 10:33:19 PM

Quote from: batang_bitcoin on December 06, 2018, 04:37:46 AM

I'd prefer to hold it with a muticurrency wallet like ledger nano s.

It is convenient if most of the coins you hold can be stored within a single wallet which is trusted and reliable. I have seen that hodler wallet ran a signature campaign here but I still prefer to stay with ledger nano s.

Yeah right the OP is more on like putting an egg in one basket and if anything goes wrong then OP will realize it losing all his/her coins in an instant by having that platform. Even though we know that these are secured but still there is a chance that hackers may manage to breach the system. Just take the cryptopia, MEW and other wallets or exchanges that has been hijack.

I don't think someone could hijack the wallet. And I'm not also putting all asset in one wallet, I have multiple wallet but with the same kind of wallet. I need wallet that is more convenient to use and offers a lot more safer and secure security feature. Since also it is open source, you can see potential vulnerability of your own funds which makes it more secure.

i prefare to store all my important coins in one wallet, this way i can easy control and aware of any activities, then i have wallets to participate in campaigns and stuff like that, it is not very safe to expose your major wallet that hodls all important funds, that may likely result to been attack, am using enjin and mew and am okey with both so far.

faceoff97

full member

Activity: 644

Merit: 113

Quote from: jademaxsuy on April 18, 2019, 10:33:19 PM

Quote from: batang_bitcoin on December 06, 2018, 04:37:46 AM

I'd prefer to hold it with a muticurrency wallet like ledger nano s.

It is convenient if most of the coins you hold can be stored within a single wallet which is trusted and reliable. I have seen that hodler wallet ran a signature campaign here but I still prefer to stay with ledger nano s.

Yeah right the OP is more on like putting an egg in one basket and if anything goes wrong then OP will realize it losing all his/her coins in an instant by having that platform. Even though we know that these are secured but still there is a chance that hackers may manage to breach the system. Just take the cryptopia, MEW and other wallets or exchanges that has been hijack.

I don't think someone could hijack the wallet. And I'm not also putting all asset in one wallet, I have multiple wallet but with the same kind of wallet. I need wallet that is more convenient to use and offers a lot more safer and secure security feature. Since also it is open source, you can see potential vulnerability of your own funds which makes it more secure.

Dima95

member

Activity: 392

Merit: 27

We all hope that sooner or later cryptocurrency will bring us great opportunities. And I, as an ordinary person, also today save my cryptocurrency assets in altcoins, which I hope will have growth.

LUCKMCFLY

legendary

Activity: 2548

Merit: 1873

Leading Crypto Sports Betting & Casino Platform

Currently if you still keep that diversification in the altcoins, it is best to leave some, because for example the case of BitcoinCashSV the list of many Exchanges that are Level 1, and something I know and understand is that a currency that does not If you are in a Level 1 Exchange, your failure is imminent.

For other currencies that are more stable, it is best to hold until the market in general takes its bullish trend, because it is not a good idea to sell when we are in a stage of market accumulation, where the sale is most likely to be very cheap, and maybe accompany it with some losses that is not advisable.

What if it is advisable to monitor much more closely every day to the currencies and the Bitcoin market, because any movement can indicate big changes in the currencies that you have in your portfolio.

naska21

hero member

Activity: 1358

Merit: 635

Good option for me is to hold alts in paper wallets generated by universal HD-wallet generators downloaded from github repository and installed on my computer. Sometimes for particular alt I don't have that choice and have to make tough choice to use either alts generic wallet or even to store on exchange.

fortelen

sr. member

Activity: 728

Merit: 250

In storing digital assets, of course a wallet is needed that can store safely. The ERC20 wallet and hardware wallet will provide security. You can maintain your wallet's private key well and don't easily trust others. A very good strategy if you have a lot of coins, so the chance to get a bigger profit.

jademaxsuy

full member

Activity: 924

Merit: 220

Quote from: batang_bitcoin on December 06, 2018, 04:37:46 AM

I'd prefer to hold it with a muticurrency wallet like ledger nano s.

It is convenient if most of the coins you hold can be stored within a single wallet which is trusted and reliable. I have seen that hodler wallet ran a signature campaign here but I still prefer to stay with ledger nano s.

Yeah right the OP is more on like putting an egg in one basket and if anything goes wrong then OP will realize it losing all his/her coins in an instant by having that platform. Even though we know that these are secured but still there is a chance that hackers may manage to breach the system. Just take the cryptopia, MEW and other wallets or exchanges that has been hijack.

Bitfling

member

Activity: 602

Merit: 10

Quote from: Natalim on April 18, 2019, 03:33:09 AM

Quote from: waitforme on April 18, 2019, 03:07:37 AM

Hodl many different Altcoins is a good choice. But choosing to hold too much Altcoin is a bad thing, only holding Altcoin that you believe can be profitable for you. Do not select Shitcoin as this will make you lose money when choosing it.

Hold only a number that you can monitor, a coin is like a company that has it's progress and you need to have a timely information for all the coins you hold in order to make a timely decision. For example, if you are hold bitcoin SV and because you have a lot of coins to monitor and you are too confident on its future that you miss the news that it will be delisted in binance and some other exchanges, that will cost your a lot.

I am agree, hold coin that we know the progress. Its like a stock and we hold it because believe it have good progress in the future. Holding multiple coin is good because it reducing risk from volatile market but it also our focus distracted. Better holding not more than 10 different coin, it make us more focus on our investment and we can follow the progress

syamster

hero member

Activity: 1078

Merit: 501

Quote from: crzybilly on April 17, 2019, 11:29:21 AM

Diversification is the most important factor of every successful investment. Without splitting your altcoins among different wallets and exchanges, you won't be able to save your funds, once one of them is going to be attacked by hackers.

This is nature of crypto currency, there are so many coin who are struggling in the market since long but they did not get proper recognition but some are there only for few years but still so many people know about it and they are investing into it, holding every coin or multiple coin better invest in bitcoin which is at high demand and gradually rising in price.

terrific

hero member

Activity: 2268

Merit: 507

Catalog Websites

Its less hassle if holding most of the altcoins I have will be on a single wallet.
The good thing is that with hardware wallets.
You can see various coins that they support and those might be the alts that you also hold.

19Nov16

sr. member

Activity: 1722

Merit: 252

Quote from: znation on April 18, 2019, 10:22:18 AM

I do not store all my coins in a purse. I will never do that. I have an account in some exchanges. And so I can't but use some wallets as well. I will keep them in many different wallets.

This is a good strategy, no matter how secure the wallet is, there is always a chance to lose, maybe from hacking, disappearing services, losing hardware and so on, putting it into many places is the best thing.

znation

jr. member

Activity: 188

Merit: 1

I do not store all my coins in a purse. I will never do that. I have an account in some exchanges. And so I can't but use some wallets as well. I will keep them in many different wallets.

dedi joni

member

Activity: 386

Merit: 10

Quote from: trauchot on April 18, 2019, 10:09:36 AM

It all depends from the owner, as I know, many cryptocurrency owners keep their cryptocurrencies in several cryptocurrency wallets for protection and reliability, and some of them keep everything in one wallet, so everyone decides for himself here.

of course many of them choose a safe way to store their assets in many wallets because it looks safer. holding lots of altcoin assets in some wallets may be safer than just one wallet, because it can anticipate if an unwanted error occurs. and holding lots of altcoins I don't think are just any assets, especially for the long term, we have to choose assets with definite development in the future.

trauchot

member

Activity: 1764

Merit: 10

It all depends from the owner, as I know, many cryptocurrency owners keep their cryptocurrencies in several cryptocurrency wallets for protection and reliability, and some of them keep everything in one wallet, so everyone decides for himself here.

SistaFista

sr. member

Activity: 1638

Merit: 251

Hexhash.xyz

Quote from: faceoff97 on December 06, 2018, 04:23:35 AM

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?

We should holding multiple coins to avoid one big losses in the future.
Unless we are very sure about the coin we hold, i prefer to buy and hold several coins in my investment.
It is diversificastion, and it is good for prevent huge loss.

Loedong

jr. member

Activity: 378

Merit: 1

it is indeed one way to get a lot of profits, but invest in altcoins that really have good development for the long term, besides that if we focus on only one coin, not necessarily we will get a lot of profits, so we need to invest with several altcoins which has great potential.

Chrystora123

full member

Activity: 1414

Merit: 228

Omicron is another FUD

Quote from: mattadc on April 18, 2019, 04:54:26 AM

I believe that you need to keep as many coins. For which you can trace yourself. I think that this amount should not exceed 10-15 altcoins.

I think limiting myself isn't good, right now I'm holding more than 50 different types of coins, some coins that enter the top 10 market cap and the rest are coins from the new ICO. the more coins you HOLD, the higher chances of getting big profits you can get in the future.

mattadc

member

Activity: 426

Merit: 10

I believe that you need to keep as many coins. For which you can trace yourself. I think that this amount should not exceed 10-15 altcoins.

Topic: Holding multiple altcoins - page 14. (Read 24713 times)