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Topic: Holding multiple altcoins - page 22. (Read 24743 times)

copper member
Activity: 1120
Merit: 2
March 29, 2019, 04:23:25 AM
yes i  prefer to hold multiple kind of coins. i prefer: holding it different kind of wallet? because one token is different another token. 
sr. member
Activity: 854
Merit: 250
March 29, 2019, 04:14:24 AM
Holding a diversified portfolio is highly recommended to diminish the risk in case some of your coins do not very well over time.

However, we should not have more than 10 different coins in portfolio, as it is difficult to follow their evolution.

I also vote for this strategy. When you hold a lot of different altcoins (from top-20 and cheap tokens as well) you have more chances to get better returns. Is several cryptos fall, the other alts can grow.

But with cheap tokens that are always surprising if we hold on for a long time it can be valuable, but I also take steps for some tokens that we hold a lot.
jr. member
Activity: 377
Merit: 1
"AMANPURI●ultimate exchange"
March 29, 2019, 03:55:38 AM
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.
hero member
Activity: 2814
Merit: 576
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March 29, 2019, 03:41:33 AM
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.
sr. member
Activity: 1078
Merit: 342
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March 28, 2019, 06:40:14 PM
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.
full member
Activity: 644
Merit: 113
March 28, 2019, 05:35:00 PM
I much prefer holding multiple coins in a single wallet as long as the private key are safe they are safe from hackers, and as of now especially in this market situation its better to hold because we cannot predict tthe future maybe our holding coins may have possible growth and if we may continue holding coins it will become profitable i guess.
Agreed. It's good to diversify investment and hold them for longer period of time. Hodler wallet could hold different kind of coin that are already well established and Yas potential. In this way, we could hold all in one app and then safely have the full control over our private key. This makes investment more easier since you can be organized.
legendary
Activity: 1358
Merit: 1000
March 28, 2019, 03:40:20 PM
Holding a diversified portfolio is highly recommended to diminish the risk in case some of your coins do not very well over time.

However, we should not have more than 10 different coins in portfolio, as it is difficult to follow their evolution.

I also vote for this strategy. When you hold a lot of different altcoins (from top-20 and cheap tokens as well) you have more chances to get better returns. Is several cryptos fall, the other alts can grow.
member
Activity: 426
Merit: 10
March 28, 2019, 07:30:36 AM
I generally think that you never need to stop and expand your wallet and try all new tokens for yourself. Of course, without fanaticism, but you still need to try, altcoins are suitable for the best option.
member
Activity: 602
Merit: 11
March 28, 2019, 02:48:17 AM
I much prefer holding multiple coins in a single wallet as long as the private key are safe they are safe from hackers, and as of now especially in this market situation its better to hold because we cannot predict tthe future maybe our holding coins may have possible growth and if we may continue holding coins it will become profitable i guess.
it's too risky bro, even though you have stored the private key well but you are wrongly entered on a suspicious site then your wallet will not be safe so I think holding coins on several different wallets will be better
besides that sometimes a lot of suspicious emails come in our inbox. of course not to follow their direction, because regret will come. I think we should concentrate when opening the wallet
hero member
Activity: 1820
Merit: 515
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March 28, 2019, 02:45:48 AM
I thinkg holding multiple altcoins is the right thing when the market conditions are unstable, as we know that more than a year the market is red so if we only rely on one coin then we are difficult to profit.
Read OP before saying something.

@OP holding all coins in a single wallet is more convenient to manage than having separate wallet for each of it which can turn into big headache to manage and also it will result into losing of coins as well so better buy a hardware wallet and store your coins and tokens into it will be a good choice.
full member
Activity: 1512
Merit: 115
March 28, 2019, 02:35:14 AM
I much prefer holding multiple coins in a single wallet as long as the private key are safe they are safe from hackers, and as of now especially in this market situation its better to hold because we cannot predict tthe future maybe our holding coins may have possible growth and if we may continue holding coins it will become profitable i guess.
it's too risky bro, even though you have stored the private key well but you are wrongly entered on a suspicious site then your wallet will not be safe so I think holding coins on several different wallets will be better
full member
Activity: 1484
Merit: 101
March 28, 2019, 12:55:27 AM
I thinkg holding multiple altcoins is the right thing when the market conditions are unstable, as we know that more than a year the market is red so if we only rely on one coin then we are difficult to profit.
full member
Activity: 598
Merit: 100
March 28, 2019, 12:37:52 AM
I much prefer holding multiple coins in a single wallet as long as the private key are safe they are safe from hackers, and as of now especially in this market situation its better to hold because we cannot predict tthe future maybe our holding coins may have possible growth and if we may continue holding coins it will become profitable i guess.
copper member
Activity: 287
Merit: 1
March 27, 2019, 09:52:24 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?

I prefer holding it in a single kind of wallet and in that case, I can easily look how much have I got profit, or how much I got as a loss for all of my coins. Having different kind of wallets is kind of burdensome for me because sometimes, I cannot manage all of my coins at once.
full member
Activity: 644
Merit: 113
March 27, 2019, 06:59:42 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 holding only in 1 wallet, so i don't need to open 1 by 1 to send or to hold all my coins. Also i'm afraid i will forget about the wallet, so i just hold it only in 1 wallet, like buy trezor and stored all my coins into it. It's safe and don't need to afraid about hacker.
Yes. There are lot of multiasset wallet but be aware that most of them doesn't give you the fill control over your funds. Hodler is the only open source wallet that gives you full control over your private key. It's safe since you can publicly view any potential vulnerability of your funds. It's good to choose multiwallet but choose wallet that gives you full control and no third trusted party needed.
full member
Activity: 434
Merit: 101
Bounty Detective
March 27, 2019, 06:42:32 PM
Its kinda regreting, when you see that the price of the specific altcoin is good then you prefer to hold it and  slap your face with dropping of their price.
That's why i'm gonna sell as soon as possible so that i wont regret at the nd
full member
Activity: 644
Merit: 113
March 27, 2019, 06:39:17 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?

If you want to hold a huge amount of crypto then I think you should do it in a hard ware wallet like trezor or nano ledger .
They also support ETH and many other alt-coin so your crypto would surely be safe in it ,
Yes it isn't free but the price is worth it if you think about it what if you use a free wallet then your funds would be hack then you would just lose more money than buying hard ware wallet.
Hodler also have their hardware version of wallet. You can read more about here: www.hodler.tech/pro It's the pro version and has really amazing feature compared to their Android and desktop version. This is best for larger volume of holdings, but if you have lesser investment, the free app is good to go.
full member
Activity: 588
Merit: 100
March 27, 2019, 10:12:38 AM
I'm usually trying to get different altcoins to invest. I think it's a risky way to invest in just one altcoin. That's why I'm dividing my money and buying from different altcoins that I think will be rise  in the future.

If you can make a lot of money with several types of Altcoin it will be better than you waiting for 1 coin with a long time and looking with an anxious heart because the decline is sure to happen. A good step in taking this action to buy some potentially large types of Altcoin.
holding multiple altcoins mean we distributed and diversify our asset in several place.and it will be very usefull in market if price rise or down.maybe one or two coins value decrease but another coins rise.it will make our investment more secure.
full member
Activity: 1099
Merit: 116
March 27, 2019, 10:02:20 AM
I am a trader of altcoins in different exchangers. I am holding few altcoins but it is a matter of very pessimistic that all altcoins of mine are mostly valueless. Altcoins market is facing still down trend except for few coins. I am waiting and holding until it reaches to my capital.
member
Activity: 910
Merit: 12
March 27, 2019, 09:55:41 AM
I'm usually trying to get different altcoins to invest. I think it's a risky way to invest in just one altcoin. That's why I'm dividing my money and buying from different altcoins that I think will be rise  in the future.
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