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Topic: Holding multiple altcoins - page 36. (Read 24713 times)

hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
February 13, 2019, 03:24:04 AM
Using multiple wallet is more safety than using single wallet which one interfered all tokens will end. While when you store your coins into different wallet in case one wallet was hacked your other wallets are safe. Not all your tokens losses still you have some.
the method that you use is correct, by dividing the coins that you have in some wallets it will make you minimize losses when your wallet has been phished or hacked, and my advice is that you must carefully store assets and private keys from your wallet.
full member
Activity: 588
Merit: 100
February 12, 2019, 11:27:34 PM
Holding too much coins will make your concentration be scattered and even you may miss the opportunity to sell them with the good price if you can't track it regularly
I suggest holding a coin is not too much, it's better to choose coins that have a bright future and have good selling points. so that in controlling growth the price can be meticulous.
we have to be very selective while choosing coins as our assets or portofolio.just take coins/project that we totally understand their plann in future.especially take them some from top cmc.
member
Activity: 471
Merit: 10
February 12, 2019, 11:24:12 PM
Holding too much coins will make your concentration be scattered and even you may miss the opportunity to sell them with the good price if you can't track it regularly
and maybe for them to hold lots of coins, the more chances they get, so they hold a lot of Altcoin. if you hold a lot of Altcoin, of course you have to be able to monitor all the coins that you hold so that you don't lose good moments and you have to monitor their movements often.
Altcoin can give good results so you hold a lot of things, you have to be good at managing, so you can get more profits.
full member
Activity: 331
Merit: 100
February 12, 2019, 11:19:31 PM
Holding too much coins will make your concentration be scattered and even you may miss the opportunity to sell them with the good price if you can't track it regularly
I suggest holding a coin is not too much, it's better to choose coins that have a bright future and have good selling points. so that in controlling growth the price can be meticulous.
sr. member
Activity: 980
Merit: 250
February 12, 2019, 11:07:26 PM
Holding some coins is good, so when the price has gone up in the future you can get the maximum profit from the altcoins you hold, it would be better if you keep it in a different wallet so it is safer, because I think if it is placed in a wallet the same will certainly be bigger, so I think it would be better if you keep it in a different wallet for each of the altcoins you have
if we have several coins in our portofolio it will help us avoid big losses if market suddenly crash.this is impossible if all of our portofolio crashing, one of them must gain profits so its value could stable.as investors we have to understand to avoid big loss in market , and one of technique was diversify our asset, or holding multiple coins.
member
Activity: 99
Merit: 10
February 12, 2019, 10:59:24 PM
Holding too much coins will make your concentration be scattered and even you may miss the opportunity to sell them with the good price if you can't track it regularly
member
Activity: 714
Merit: 14
February 12, 2019, 10:21:16 PM
There are more developments coming up in terms of multiple cryptocurrency wallets creation. Wallets like the Mixin app, supports multiple coins like ERC20, Stellar, Bitcoin, Waves etc. However, I prefer to keep my coins on separate wallets designed for each Blockchain coins.
member
Activity: 602
Merit: 10
February 12, 2019, 10:16:04 PM
Holding some coins is good, so when the price has gone up in the future you can get the maximum profit from the altcoins you hold, it would be better if you keep it in a different wallet so it is safer, because I think if it is placed in a wallet the same will certainly be bigger, so I think it would be better if you keep it in a different wallet for each of the altcoins you have
jr. member
Activity: 350
Merit: 1
February 12, 2019, 10:11:49 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?

I use multiple wallets and do not see anything bad in it, there is a decent purses and that what you are using I know how good it is long-proven , but of course for the protection of cold wallets has no equal !
I would still recommend not to keep everything in one purse, it is better to store something on a cold or stock exchange , but only on the one that has already proven itself well !
member
Activity: 658
Merit: 10
Rangers Protocol
February 12, 2019, 09:49:09 PM
Using multiple wallet is more safety than using single wallet which one interfered all tokens will end. While when you store your coins into different wallet in case one wallet was hacked your other wallets are safe. Not all your tokens losses still you have some.
member
Activity: 392
Merit: 10
February 12, 2019, 09:33:18 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?

I use multiple wallets and do not see anything bad in it, there is a decent purses and that what you are using I know how good it is long-proven , but of course for the protection of cold wallets has no equal !
full member
Activity: 434
Merit: 100
February 12, 2019, 09:23:27 PM
I sense a great risk on holding multiple altcoins. When you don't have a lot of time to install their specific wallets and check them everyday, you will decide later on that you will just leave them on exchange one day. And there's hacking or exit scam that is very often to happen. So it's better just to have 4-5 altcoins in my opinion.
jr. member
Activity: 364
Merit: 1
February 12, 2019, 07:21:44 PM
Holding lots of Altcoins must, of course, be stored in a secure wallet. And so far I feel safe saving on MEW. As long as we can store the password for the password correctly, I am very safe from hacking. And holding more coins will certainly provide many benefits.
jr. member
Activity: 221
Merit: 5
February 12, 2019, 07:18:10 PM
I prefer to hold the crypto I own in my own wallets. If possible I choose my ledger as wallet, if the altcoins don't have ledger support then I use the altcoins official wallet. But that depends on what I want to do with the crypto, if my plan are to sell again fast within a few days or weeks, I just keep the coin on the exchange.
full member
Activity: 1489
Merit: 150
February 12, 2019, 07:15:18 PM
In my opinion while you have good capital funds to buy lots of Altcoin and hold for high prices is a good idea, because if all prices go up automatically you will have a large profit from the Altcoin you have.
copper member
Activity: 142
Merit: 6
February 12, 2019, 07:07:35 PM
Multiple is a good idea it prevent losing your investment in just one blink. You can determine if your wallet crushing so if you put it in a single wallet then its a good bye for your coins. So if you distributed your assets in different wallet one one of them crush or hacked so still you have a coins. Must prefer with multiple wallet.
copper member
Activity: 560
Merit: 64
February 12, 2019, 07:03:47 PM
Asset diversification is very good, on the one hand, but if we are talking about crypto, here is another mechanic. I have seen many examples on cryptocompare or similar websites. Usually, the portfolio is not more than 5-10 altcoins.
p.s. With regards to "Hodler", it's hard to say, I use the metamask (if we talk about ETH and tokens) and I am absolutely satisfied.
full member
Activity: 484
Merit: 100
February 12, 2019, 06:53:55 PM
I think this is not good and great. Hodl too many different Altcoin will make you break down your investment, and you also break down your success so you will take more risks. I think it's best to choose only 3-5 different Altcoin.
full member
Activity: 644
Merit: 113
February 12, 2019, 06:44:47 PM
Personally I hold my different coins in a single wallet because its easier and more convenient for me. There are also disadvantage of that practice because the safety of your coins are being compromise. When that wallet hacked, all your coins will go away with it. Unlike from storing it in different wallet, when one wallet is hacked, the others are still safe.
Having one wallet is the most easiest way to invest, just make sure that the wallet you are using is safe enough to  store all your funds. I'm using an open source wallet called Hodler, this gives me full control of my funds since I have my private key. I also prefer this since I can make multiple accounts in one wallet so if anyone tried to get my funds I have my other funds in my other account.
full member
Activity: 574
Merit: 100
February 12, 2019, 09:48:45 AM
Personally I hold my different coins in a single wallet because its easier and more convenient for me. There are also disadvantage of that practice because the safety of your coins are being compromise. When that wallet hacked, all your coins will go away with it. Unlike from storing it in different wallet, when one wallet is hacked, the others are still safe.
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