Holding multiple altcoins - page 26.

TrevorS

sr. member

Activity: 1050

Merit: 377

Quote from: RokokGudangGaram on March 21, 2019, 12:09:34 PM

indeed a lot of bitcoin is better but you have to know the coins that you hold are good for you to hold taua no, because the more here the more new altcoins become garbage. but for the advice I chose the altcoin you can use ethereum, litecoin and bitcoin because the three coins are very promising results

It is not so easy to predict with certainty which coins will rise in price in the future and which ones will turn into rubbish, this is a kind of lottery, but those who win it become rich.

Adya

sr. member

Activity: 868

Merit: 250

Your Data Belongs To You

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?

did not understood what is this. it is cold wallet? or it is just interface for watching for price changes? anyway hold all money in one place is not good idea.

ariyzt

member

Activity: 602

Merit: 12

holding on single wallet it too risk when you save many asset (money) there
better sphread on some wallet than on single one
i prefer using cold wallet like ledger nano to save mine

RokokGudangGaram

full member

Activity: 966

Merit: 102

indeed a lot of bitcoin is better but you have to know the coins that you hold are good for you to hold taua no, because the more here the more new altcoins become garbage. but for the advice I chose the altcoin you can use ethereum, litecoin and bitcoin because the three coins are very promising results

CryptoSagor

newbie

Activity: 26

Merit: 0

For holding multiple coins, why I choose this website where I can store in my Trezor hardware wallet. The first thing I did before coming in bitcointalk and in crypto, I learned from my senior's experience. Everyone suggested me to buy a hardware wallet and I did! Now I can store and manage any kind of crypto coins in my hardware wallet. And, this website is not enough trusted I think.

sergiokkl

member

Activity: 258

Merit: 10

Single wallet is enough for a user who did know the kind of safety like using either metamask or brave browser, google authenticator for gmail security, not careless on accessing links, must know the basic of the internet.
Keep safe everyone and happy earnings, even in this situation you keep the good work

princerepon

full member

Activity: 994

Merit: 101

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?

Yeah that's looks like cool. i never saw like those wallet. If security is really good for this kinda wallet then i think it's great to hold your coins. cause you can see your all coin in one time. pretty much saving your time. Grin

AjithBtc

sr. member

Activity: 1666

Merit: 276

Vave.com - Crypto Casino

Quote from: Natalim on March 21, 2019, 12:38:36 AM

Quote from: SportsbookBettor on March 21, 2019, 12:24:25 AM

I hold many coins but i don't store all of it in a single wallet because what if you misplace your key to open that wallet then all of your holdings will be gone in instant. I rather spread all my tokens and altcoins in different wallet to have better security of my holdings.

That's correct, not only we diversify the risk in investing by spreading our money in different coins, but we also have to store it in different wallet.
It's the best strategy especially if you are investing for long term, might as well put it in different places so in case of fire or flood, you can still access that in other places.

Having diversified altcoins is the portfolio adds more value to the portfolio. When we have diversified investment on altcoins automatically it'll help with reducing the possibilities of big loss. Because every altcoin won't go low all at the same time. If one goes low, can profit through the other.

fulcare

sr. member

Activity: 588

Merit: 254

The Standard Protocol - Solving Inflation

Quote from: faceoff97 on March 20, 2019, 06:13:29 PM

Quote from: fulcare on March 20, 2019, 07:18:04 AM

Quote from: faceoff97 on March 19, 2019, 06:12:16 PM

Quote from: Babayan on March 17, 2019, 12:37:08 PM

Quote from: desticy on March 17, 2019, 12:18:27 PM

I keep my coins in different wallets, I support diversification even in security matters. Private keys are also divided into several parts.

Yeah, it is good decision. Always make sure that your private keys are safe and nobody can steal them from your computer.

Yes, they provide encrypted private key which makes me sure that it's all secure. Among all the important thing about wallet is the way how the private key is being kept and I feel like I have them securely because of the encryption.

Quote from: fulcare on March 19, 2019, 06:51:50 AM

Quote from: pleci on March 18, 2019, 06:22:06 PM

I think Multi Wallet is a good choice because it makes it easier for users to store various types of coins in one wallet and of course it's safe. I am sure almost all invest more than one coin because the chances are smaller and vice versa if investing more than one is bigger and of course the risk is also great to still depend on the coins we have.

A multi wallet is a must. The number of coins will only get bigger and having a convenient method to deal with all of them in once place is a requirement for adoption. Nobody wants to deal with 50 wallets. Imagine you would have 50 physical wallets to deal with or even more. Cheesy

Agreed with you, I've been using it and it's really convinient. This time I'll be trying Hodler hardware version since it has better version than the free app. It is a good storage for greater volume of coin.

Which of the wallet providers are you using? Having control over all of these assets is awesome, but some fear the risk of losing their keys, which is of course painful if you have it all in one wallet.

I'm using Hodler wallet, it's the only fully open source multiwallet that gives you full control over your funds since private key is provided. You can also view code publicly to see if there is any vulnerability. They have a free app version for desktop and phone. You might wanna try their PRO version also at their site, they are on sale now: www.hodler.tech/pro

I am not tech savvy enough to check the code myself unfortunately, but I am sure if they have a high number of users that knowledgeable people already checked it.

Natalim

hero member

Activity: 3038

Merit: 592

BTC to the MOON in 2019

Quote from: SportsbookBettor on March 21, 2019, 12:24:25 AM

I hold many coins but i don't store all of it in a single wallet because what if you misplace your key to open that wallet then all of your holdings will be gone in instant. I rather spread all my tokens and altcoins in different wallet to have better security of my holdings.

That's correct, not only we diversify the risk in investing by spreading our money in different coins, but we also have to store it in different wallet.
It's the best strategy especially if you are investing for long term, might as well put it in different places so in case of fire or flood, you can still access that in other places.

SportsbookBettor

sr. member

Activity: 315

Merit: 250

I hold many coins but i don't store all of it in a single wallet because what if you misplace your key to open that wallet then all of your holdings will be gone in instant. I rather spread all my tokens and altcoins in different wallet to have better security of my holdings.

daglordjames

member

Activity: 550

Merit: 10

well thats cool because you hold multiple altcoins in a single wallet.

Maamejane

member

Activity: 378

Merit: 10

Decentralized Continuous Audit& Reporting Protocol

Multiple wallet is the safest, Although it might be sometimes confusing but never keep all you coins in one wallet. There are high risk if you actually doing that since you could lose every single coin when you are hacked.

jvper

hero member

Activity: 966

Merit: 507

Quote from: petronus on March 20, 2019, 10:52:12 AM

I have a lot of crypto that I keep in the imtoken wallet and some are stored in the exchange. All I do with all the risks that exist if I lose my password or 2FA account.

Do not store your tokens in centralized exchanges. This is the same as not storing it with someone you are able to retrieve tokens from in case they go bankrupt.

faceoff97

full member

Activity: 644

Merit: 113

Quote from: fulcare on March 20, 2019, 07:18:04 AM

Quote from: faceoff97 on March 19, 2019, 06:12:16 PM

Quote from: Babayan on March 17, 2019, 12:37:08 PM

Quote from: desticy on March 17, 2019, 12:18:27 PM

I keep my coins in different wallets, I support diversification even in security matters. Private keys are also divided into several parts.

Yeah, it is good decision. Always make sure that your private keys are safe and nobody can steal them from your computer.

Yes, they provide encrypted private key which makes me sure that it's all secure. Among all the important thing about wallet is the way how the private key is being kept and I feel like I have them securely because of the encryption.

Quote from: fulcare on March 19, 2019, 06:51:50 AM

Quote from: pleci on March 18, 2019, 06:22:06 PM

I think Multi Wallet is a good choice because it makes it easier for users to store various types of coins in one wallet and of course it's safe. I am sure almost all invest more than one coin because the chances are smaller and vice versa if investing more than one is bigger and of course the risk is also great to still depend on the coins we have.

A multi wallet is a must. The number of coins will only get bigger and having a convenient method to deal with all of them in once place is a requirement for adoption. Nobody wants to deal with 50 wallets. Imagine you would have 50 physical wallets to deal with or even more. Cheesy

Agreed with you, I've been using it and it's really convinient. This time I'll be trying Hodler hardware version since it has better version than the free app. It is a good storage for greater volume of coin.

Which of the wallet providers are you using? Having control over all of these assets is awesome, but some fear the risk of losing their keys, which is of course painful if you have it all in one wallet.

I'm using Hodler wallet, it's the only fully open source multiwallet that gives you full control over your funds since private key is provided. You can also view code publicly to see if there is any vulnerability. They have a free app version for desktop and phone. You might wanna try their PRO version also at their site, they are on sale now: www.hodler.tech/pro

maxell_etheridge

jr. member

Activity: 48

Merit: 1

Exactly, investing in only one altcoin is not a good strategy to invest. There is a massive amount of altcoins that are growing now, and holding multiple coins/tokens in such wallet is a good practice though. Some currencies are dedicated mostly for target group who doesn't know about crypto before (like FuturoCoin for example, they're doin many things to "connect" their currency with institutions known for everyone, like they did with partnership with Formule 1).

kristensoto

full member

Activity: 490

Merit: 100

i think holding our money and invest in just one cryptocurrency is quite a risky action, we will have the higher chance to keep our money safe if we invest in multiple altcoins when the market drops, the profit maybe lower than usual but that the effective way to keep our investments safe.

cudora

copper member

Activity: 336

Merit: 3

Cryptoknowmics - World's First Decentralized Media

Do not forget about diversification of your funds. If you hold all your tokens on one exchange or on one wallet, the chances of loosing your money are extremely high. Just create several addresses and split your tokens among them.

Dennicex

jr. member

Activity: 393

Merit: 1

Coinsbit exchange

The vast majority of altcoins are ERC-20 tokens. I keep them in MEW and use Ledger for access. I think this is the best option for storing cryptocurrencies. there I keep all my prospective coins: Ethereum, Aeternity, BNB, Sound Money Coin I hold in this MEW-wallet.

geminiboy

full member

Activity: 574

Merit: 100

https://ammut.network/

holding a few coins that have the potential and stored in a safe wallet is the right step, so we only monitor the price on the market to see the movement of the value of coins that we keep

Topic: Holding multiple altcoins - page 26. (Read 24713 times)