Topic: Holding multiple altcoins - page 58. (Read 24732 times)
i used a different wallet for my coins in bounty campaign and different wallet for coins i buy. i always do safety ways to secure my wallet and i never experienced any hacking.
I have them on diff kind of wallet
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?
It would be safer if we will hold it on multiple wallets in case something bad happen to one of your wallet, you won't lose all your assets. Don't forgot to write down on paper all the private keys and not just storing it on hard drives. 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?
Holding multiple altcoins is not bad rather it is good strategy to keep the potential ones. Timing is what the owner waiting for to play the market in proper time. Dividing the altcoins in different wallets is keeping if from one instant big lost. This is my opinion about this matter.
I don’t know how good this idea is, but if you like this multi-currency wallet, then you can continue to use it, although if I were asked for an opinion on this matter, I would say that it would be safer to use several different wallets to store a large number of assets.
It is not a good idea, i prefer to keep my altcoin tokens in hardware wallet, hardware will serve the purpose of keeping your bitcoin and altcoins and hardware is safe for someone who is planning to hold for long.
Hardware wallet would still be the best option and will totally agree on you, actually I pay attention to Hidler wallet since they also have Hardware wallet to be release on 2019. It could be a good option sinCE you mentioned that you prefer hardware wallet. Thank you for your response.
It is not a good idea, i prefer to keep my altcoin tokens in hardware wallet, hardware will serve the purpose of keeping your bitcoin and altcoins and hardware is safe for someone who is planning to hold for long.
I don't think it's a good idea. I'd rather change all my altcoins into bitcoins. This year's altcoins disappointed me very much. I'm losing confidence in altcoins. I hope the market will turn better next year.
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?
Another Hodler wallet recommendation.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?
Storing up significant coins basing on their platforms then I would much preferred on using up Ledger when it comes to hardware.
I prefer to hold all my altcoins in a single wallet with backup phrase like coinomi wallet and if I'm holding a certain token in large quantity them I can decide to use Gui wallet for pc
I think having multiple kind of wallet would be hassle, specially when using it in regular basis. I know that your concern is tge security of the funds, but maybe a wallet that could hold multiple kind of coin could still provide same level of security as lonf as it is open source and provides you the full control over your funds. Thank you for yout response, its still good to consider what you have said. 
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.
You can holding multiple altcoin kinds on your wallet, but you have be careful with your asset excatly erc20 token asset, many investor and bounty campaign participants have lost their asset save at myetherwalet because use phising website when access to their wallet.
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?
Theoretically, do not keep all the eggs in one basket, and keep the one that's most appropriate and safest with the tokens you have. Instead of keeping a token A and B in two X types, why not keep A in Y and B in Z?
Hodler wallet is OK as it allowed for multiple wallets where all my coins can be stored but my worries is hodler wallet is a new development and at that it have bulk in the network some times and that always question my confidence in the wallet but apart from this it have a user friendly interface and very easy to use.
You just mentioned it as new software and maybe all new other kind of software had issues. Looking at how theIR development team work, it was really impressive. Let's see how far this project will bring us, I believe that it is one of a kind of wallet everyone should try to look at.
in early years i was also thinking about buying and holding multiple altcoins thinking that could be considered diversification and give me more profit. but after a while i saw that this way of investment is the worst thing that i can do. specially since they are all connected and they all get dumped hard when bitcoin drops. for example i remember in early years when bitcoin dropped 15% in a day and the altcoins i was holding at the time lost about 40% of their value.
from that day on i never bag hold any altcoin anymore.
Making one wallet "to hold them all" is a very big endeavor because there are a huge number of coins, of which a fair number have community that considers them good project and will hold them.
Also new coins born every month, at least. So you'll always be one step behind.
considering 80% or maybe more of the altcoins are simply copies of a handful of them, it is super easy to create a wallet that can hold every one of them since you just have to change a small number of variables in your wallet program and if the developers have been following scaleable programming patterns.
from that day on i never bag hold any altcoin anymore.
What I'm trying to say is that, would it be a good idea to store it all in one app. I actually decided to do ut
Making one wallet "to hold them all" is a very big endeavor because there are a huge number of coins, of which a fair number have community that considers them good project and will hold them.
Also new coins born every month, at least. So you'll always be one step behind.
considering 80% or maybe more of the altcoins are simply copies of a handful of them, it is super easy to create a wallet that can hold every one of them since you just have to change a small number of variables in your wallet program and if the developers have been following scaleable programming patterns.
What I'm trying to say is that, would it be a good idea to store it all in one app. I actually decided to do ut
Making one wallet "to hold them all" is a very big endeavor because there are a huge number of coins, of which a fair number have community that considers them good project and will hold them.
Also new coins born every month, at least. So you'll always be one step behind.
Then, if you do proper (full) wallet with local blockchain for every coin you'll end up taking way too much space. And many (me included) prefer SPV. But then you may have trust (and load) issues with your servers.
It's tough.
Don't take my answers wrong. I am VERY positive around building new software for crypto, especially open source. And I don't want to discourage you.
But it's a tough task and I want you to understand the possible problems and maybe start with proper small steps one at a time than see a big project started and never finished.
Hodler wallet is OK as it allowed for multiple wallets where all my coins can be stored but my worries is hodler wallet is a new development and at that it have bulk in the network some times and that always question my confidence in the wallet but apart from this it have a user friendly interface and very easy to use.
I prefer to hold all my altcoins in a single wallet with backup phrase like coinomi wallet and if I'm holding a certain token in large quantity them I can decide to use Gui wallet for pc
I prefer holding them in their native wallet if they are in a large amount and in a dedicated key-address pair of ERC20 tokens.
You should be extra sure how open sourced (malicious codes) and how secure (against external threats) are such open source wallets.
Thank you for response, I just went to their site and here's a statement from them: "Don`t trust, Verify: We are the only Open Source multi-wallet on the market. Every modification of the source code is momentarily verified by a community of security experts from around the world." I checkout their team and they are really have the experts, it is also a community driven software which I think gives the users the assurance that they are seriously developing a wallet. You should be extra sure how open sourced (malicious codes) and how secure (against external threats) are such open source wallets.
I'd prefer to hold it with a muticurrency wallet like ledger nano s.
It is convenient if most of the coins you hold can be stored within a single wallet which is trusted and reliable. I have seen that hodler wallet ran a signature campaign here but I still prefer to stay with ledger nano s.
Yes, I also found it when they did a signature campaign. Looks like the team could be trusted and has good project history. I've heard that they'll be releasing a hardware wallet also in the first quarter of 2019. They actually get good reviews about their wallet that's why I started using it. Thank you for your response. It is convenient if most of the coins you hold can be stored within a single wallet which is trusted and reliable. I have seen that hodler wallet ran a signature campaign here but I still prefer to stay with ledger nano s.
Looking forward for their hardware wallet, we've got few hardware wallets that we can trust with so if this adds to the list it will be a good choice for most.
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