I do not like to store many different types of coin if it does not bring me profit in the future, I see many people like to store many kinds of coin but it does not bring profit to them, I do not understand why they still like doing that and what is their purpose when coming to this market ?
This diversification, so divide the investment between several currencies. This is the risk prevention behavior. When you invest all your money in one coin, you lose your money when the coin loses value. But, when you diversify, this can be fixed. 
Topic: Holding multiple altcoins - page 32. (Read 24713 times)
I do not like to store many different types of coin if it does not bring me profit in the future, I see many people like to store many kinds of coin but it does not bring profit to them, I do not understand why they still like doing that and what is their purpose when coming to this market ?
Yes its convenient because its a one stop shop and you can see all your altcoins all at once. On the other hand, its a bit risky to store all your alts in a single storage because if the storage is compromise, all your altcoins will be lost.
I think it's good but always be aware of the tokens you have, I also plan to add another collection of coins while the price is cheap, and many say that the market is in the recovery phase. this is an opportunity to buy in large quantities.
Add now may be good because the price is still low, but to get a profit you have to wait until there is a hike. I myself chose to wait the market slightly increased, if an improvement I would buy the assets and trade quickly. because I am not so fond of holding assets long. Holding lots of coins is a good choice in my opinion. I myself hold a lot of crypto currency coins which are also divided into several wallets that I have. I have a lot of wallets that aim to create security and anticipate hacking of one of my wallets. Meaning that if one of my wallets is hacked then I still have other wallets. Another goal I hold a lot of altcoins because I like to play with multiple crypto currencies because it is very challenging on the market.
I think it's good but always be aware of the tokens you have, I also plan to add another collection of coins while the price is cheap, and many say that the market is in the recovery phase. this is an opportunity to buy in large quantities. I prefer holding all my tokens or altcoins on myetherwallet as I believe in its security patterns and it is easy to use.
It's easy to use, I agree with that, however it would be safer if you will invest on hard wallet because it's recommended for long term investment. I had search now on what wallets that will support and I found this one > Top Wallets To Store ERC20 Tokens.
I prefer holding all my tokens or altcoins on myetherwallet as I believe in its security patterns and it is easy to use.
It's easy to use, I agree with that, however it would be safer if you will invest on hard wallet because it's recommended for long term investment. I had search now on what wallets that will support and I found this one > Top Wallets To Store ERC20 Tokens.
Holding lots of coins is a good choice in my opinion. I myself hold a lot of crypto currency coins which are also divided into several wallets that I have. I have a lot of wallets that aim to create security and anticipate hacking of one of my wallets. Meaning that if one of my wallets is hacked then I still have other wallets. Another goal I hold a lot of altcoins because I like to play with multiple crypto currencies because it is very challenging on the market.
I prefer holding all my tokens or altcoins on myetherwallet as I believe in its security patterns and it is easy to use.
Holding multiple altcoin is the best solution where you can take profit when one of altcoin you hold raised to higher price, its give you many chance to get profit with altcoin holding at the future, but you must be patient with your asset.
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?
If we still uncertain about what altcoins we will hold, then we may hold multiple altcoins in our possession.
Unless we know very well the future of our coin, we cannot hold only a single altcoin.
We must diversify our investment, so we won't having a big loss later if our coin price free falling.
i keep all the tokens in my possession in one place on a wallet mew and i take the proper precautions making only offline transactions, the other altcoins not bound to the blockchain eth i keep them on a multiwallet (coinomi) for mobile...
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?
Wow thanks for sharing, maybe I look into it later. All tokens and coins are supported? Bitcoin SV is not an erc20 token so therefore this wallet can store up even not erc20 token right? As for me, Im using Imtoken as a 3rd party app but installed an erc20 mew wallet while for coins that are not erc20 Ive used coinomi wallet as it supported many coins.
I have many nice coins and shitcoins as well ,few are tradeable and others are not on exchanges yet ,I like using multicurrency wallets ,all in one for my erc20 tokens but believe me I use up to three wallets because its risky to put all your holdings in one single wallet
That is what I usually do before, I keep all different coins in the same wallet but with time I realized that is dangerous for keeping everything in the same wallet that is why I have like four wallet now for different coin.
Holding multiple altcoins is good because you don't know which one will turn your life around. Also good is holding them in different wallets, so that if an accident occurs and you lose one wallet, it would be less troubling
When holding a lot of tokens it is recommended to not use web-based wallet the risk is too high, a desktop wallet where you own private key is recommended I recommend Exodus and mydesktop wallet I'm currently using both wallets and I find it's security as one of the best.
I just found out this wallet. Because I only know and use Myetherewallet until now. Maybe I will try to use another wallet in the future to save my altcoin. Because what I'm looking for is a wallet that is safe from hackers.
You can hold your coins in a wallet which you think you have a full control & easy to use. Secondly you have to secure private key or password from every one, that wallet will be good to hold you coins for long term.
MEW is a best wallet along with hardware wallet.
MEW is a best wallet along with hardware wallet.
I prefer multiple wallets, of course that supports erc20 for most bounties. If I have to use another wallet just to comply with the rules. I think it's more practical and easy, I just need to add some ETH reserves for transaction fees. Saving tokens or coins in wallet exchange is quite risky, especially if there is an exchange hacking case.
The number of hackers now will make bad things happen with the money you have even though the hackers already existed first. You should have multiple security to secure what you have.
hackers can do it so you have to secure more of your money.
now many things happen that make many people fail or other things that cause losses.
Its true that security is important thing we should consider before choosing wallet. Its better not store our coin and token in exchanger wallet because hackers always trying to hack on exchanger wallet
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