Topic: Holding multiple altcoins - page 21. (Read 24713 times)
Too risky if you hold an altcoin too much. One of them is a forgetful factor. The factor forgets to cover a lot of things, so it is less evisional in its management. It could be that there are coins that are not taken care of because they forget. Better a little coin but fat in value.
holding lots of altcoins is the right way because it will benefit when the market has recovered, but on altcoins that have good and potential growth in the future. Altcoin popular in the top 10 on marcetcap is one of the best altcoins for long-term investment.
There is nothing wrong if we want to hold a lot of altcoins but in my opinion the problem is because so many people are easily trusted with a concept so they don't consider whether they will succeed or not
You should be holding it on a single wallet. I'm stocking my altcoins on one exchange which is binance. Why I am holding it all in one wallet? It's because of I'm forgetful in many things. And with the accounts and password, I'm very forgetful.
For me it doesn't matter where stored your altcoins whether its in a cold,hot or even hard storage the question is does the project or altcoins that you are holding is active or let say that the team are following their roadmap and really doing what the project should be.Because if not its useless.For me wallet is not important theimportant is you choose the right project that you can gain profit by shot or long term.Nowadays holding altcoins is not much advisable unlike before so much better if you gin profit from it sell it and try to look for the other one.
Yes, you said it absolutely right.
But i would like to add some more information as it completely depends upon a user. It's upto you(or the user) to whether hold what coins he like that can make him profitable.
But often many of the traders/investors make losses when they invest in volatile coins in the expectation of Good returns(profit).
And if the coins yield you profit then no question of cursing the holy coin.
So it's always depends upon ourselves whether we choose to invest in many altcoins
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?
Well, as long as one wallet is verified and proven safe to use, you can go ahead but i am still skeptical towards all these wallet which is why i only store my priv key myself and hold the coins myself.
Aside from that, I have a Nano Ledger which stored portion of the coins, and another portion in Binance. (Binance is big, they are not hack proof but at least if they are hacked, i believe user will get compensate imo)
Anyhow, Hardware wallet might be still the best. But never hold everything on one platform/device, spreading and diversify seems the safest choice after all
Holding cryptocurrencies on a single wallet is a no no for me, i cant imagine myself taking such a risk. I dont even hold all my ERC20 tokens in one wallet, so i dont see why i will consider having other cryptocurrencies of different Blockchain in one wallet, even if the wallet is compactible and safe enough to house these cryptocurrencies, i still consider it a bad idea doing so.
Holding multiple altcoins is great, it importantly spread risk among the different altcoins. Having all your funds consolidated in one coin can be very risky, since we have seen many coins value get wiped over night.
Exactly, we should separate our funds in a lot of cryptocurrencies to avoid any risk of losing all our money. We shouldn't put all of our money in just one basket, so it's so great if we can hold multiple altcoins, as we can have some profit time to time.That if the market is not bearish, if the market is good, some coins will dump, while some will pump and this would still give us a chance to be profitable.
However, we cannot deny that what we experience for almost a year is a bear market, and it affect our entire investment as most if not all of them are dropping.
Many coins that I keep in the ERC20 wallet. In my opinion, it is very safe and until now I have never lost my digital assets when storing in an ERC20 wallet. All coins that I manage in the ERC20 wallet. From coins that have no price to coins that already have a sale value. Saving lots of coins, in my opinion, is more profitable.
never access it if it is not necessary because of the news nowadays to some exchanges that were being targeted and hi jacked. Anyway we know also that exchanges has made some security measures but as much as possible while these exchanges still developing their platform is to isolate your holdings from being access by the hijacker any time when they can target any exchange. Just make a transaction if it is needed.
what is the issue while doing this
I think it's nice to hold lots of altcoins especially if the altcoins you hold and longterm and have the potential so sure I will be profitable but also take care of your precious altcoins because there are so many altcoins that are scattered and scams so it's too hard to look at legit altcoins so you can do just that if you buy altcoins then you should first check your order or review it carefully so that you know if an altcoins are worth or longterm investment it especially that at the time of the end there will be many new coins and ico as well as bounty and I can say that it is not legit the other ones because it can lead to a scam and you can get mad and lose a big amount if you know only shitcoin is a coins do not first buy or ignore your sales.
Yes i prefer to hold my token to one wallet just like my etherwallet but there are some wallet that fix to you to hold their token,this is their own wallet. For now i was holding my token ,hoping that its price will be back soon with also their big price.
Of course, it's best to keep tokens in one wallet. if you split your tokens to different wallets, then most likely you will then forget half of your wallets
Yes i prefer to hold my token to one wallet just like my etherwallet but there are some wallet that fix to you to hold their token,this is their own wallet. For now i was holding my token ,hoping that its price will be back soon with also their big price.
Holding multiple coins would make such an important thing for the people who sail ahead to increase their risks on their investment. Well, holding a coin would have many risks, more coins mean more risks.
As for me it is the opposite. More coins means more likelihood that at least some kind of shot and you earn. I do not see this as something bad or very risky. 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?
Actually its a very good idea to hold your coins in one place, since it very easy to access and also easy to move them out from one wallet. But at the same time if its compromised then all your funds are gone.
I didn't know about this wallet and I will take a look at it, personally I'm using for most of tokens Myetherwallet connected using Ledger nano S for better safety or metamask .
Yes, I also just use myetherwallet and metamask as well as blockchain wallet. not much of a wallet that I have to store the assets of altcoin, because I think too much is also not good. 
I didn't know about this wallet and I will take a look at it, personally I'm using for most of tokens Myetherwallet connected using Ledger nano S for better safety or metamask .
Holding multiple coins would make such an important thing for the people who sail ahead to increase their risks on their investment. Well, holding a coin would have many risks, more coins mean more risks.
Holding multiple altcoins is great, it importantly spread risk among the different altcoins. Having all your funds consolidated in one coin can be very risky, since we have seen many coins value get wiped over night.
Exactly, we should separate our funds in a lot of cryptocurrencies to avoid any risk of losing all our money. We shouldn't put all of our money in just one basket, so it's so great if we can hold multiple altcoins, as we can have some profit time to time.
i prefer professional wallets. if it is an ERC20 token, i will store them in myetherwallter. the best wallet to store bitcoin is the bitcoin core. i don't like universal wallets.
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