Topic: Holding multiple altcoins - page 6. (Read 24713 times)
Holding of multiple altcoins is not the fact but you should hold the great coin which will make you benefit in short term and the long term. But if you are earning the altcoin from various free sources or the bounty work, it is ok. Again, Where you should hold it? You have to choose the hardware wallet to store otherwise use different wallet.
I have some currencies in different wallet address. I really don't know the coin that will Lambo first, so I try to accumulate as many as possible I can get. I have miss out in some good projects because of falling in love with a particular project that would later broke my heart because it will probably dump.
Accumulating a good strategy as long as the coin is a good coin with large daily transactions. Not all altcoins are good for long-term investment and I think we can choose some altcoins as an investment because many altcoins don't have clear projects or don't have enough liquid daily transactions
The best choice is only pick altcoins that is in the top 10-20 of coinmarketcap. They have continuous updates on their project and large number of traders. They are stable in prices compared to pump and dump altcoins. Crypto investment is risky so before anything else DYOR before buying not just because on speculation you've heard.
I have some currencies in different wallet address. I really don't know the coin that will Lambo first, so I try to accumulate as many as possible I can get. I have miss out in some good projects because of falling in love with a particular project that would later broke my heart because it will probably dump.
if all of the tokens that we get from bounty are likely to fly very little unless we invest in an altcoin which has the potential for a potential increase, we can get enough.
One of the good storing coins was MEW(myetherwallet), then aside from this I also scattered my coins in different exchange platform that are on top listed at the coinmarketcap, even to other decentralized exchange platform. Therefore, holding multiple altcoins is not a bad idea instead it is a good things the must traders do here in this industry.
Altcoin holding multiple can be a good strategy, for me the top 20 altcoin is a good choice, searching for information about the date of altcoin development / event that will come is very helpful for when to buy and hold until it approaches the event.
I prefer to use exchanger wallets for altcoin and bitcoin, I do that because I also trade and I don't hold it very long or hodl, indeed to save altcoin on an exchanger is very risky so for a safe choice have a wallet with multi wallet features as the OP will be better. Whereas for tokens such as erc20 or other types of tokens I store them in a MEW and coinomi, as I said because storing on an exchanger to hold for a long time is very risky.
I have some currencies in different wallet address. I really don't know the coin that will Lambo first, so I try to accumulate as many as possible I can get. I have miss out in some good projects because of falling in love with a particular project that would later broke my heart because it will probably dump.
Accumulating a good strategy as long as the coin is a good coin with large daily transactions. Not all altcoins are good for long-term investment and I think we can choose some altcoins as an investment because many altcoins don't have clear projects or don't have enough liquid daily transactions
So, it'll depend very much on your intention with these projects, in the end what really matters is who will value it first. Well, I thought like this until a month ago, until finally I understood the true meaning of cryptocurrencies. Have fun. 
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?
just like you, I prefer the multi wallet because it makes it easier to check it and don't have to bother checking one by one if you use a single 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?
This can be favorable if entered the right time, the constraint here is that it may be difficult monitoring the whole of them and taking the important decisions of when to exit, most times the experience is awful
Altcoin holding multiple can be a good strategy, when one of the altcoins loses you can expect an altcoin to get a profit. but choose high-potential altcoins like ethereum and several other altcoins like litecoin, BNB and others. congratulations hold on
I can not judge your choice. The main thing for you to be comfortable, in my opinion, is the only important criterion. Personally, I keep my coins in different wallets. And the coins that I hold for a long time are generally on separate (from any manipulations) wallets. In my opinion this is one of the safest methods.
Holding multiple shitcoins in my case has become quite a frustrating experience for me. My idealogy before was that if can hold these coins in their varieties, I stand a chance of having a win win situation cos even if one falls, the other might be the saving grace. Alas! They are almost failing together. Painful.
My conclusion, it's not enough just holding a whole lots of coins, what's important is how promising they are. Hope this helps someone..
My conclusion, it's not enough just holding a whole lots of coins, what's important is how promising they are. Hope this helps someone..
I have some currencies in different wallet address. I really don't know the coin that will Lambo first, so I try to accumulate as many as possible I can get. I have miss out in some good projects because of falling in love with a particular project that would later broke my heart because it will probably dump.
I agree to hold a lot of Altcoin must be very profitable, especially Coin coin which has great potential such as BNB, WAVES, But I am not strong enough to hold back like you ... I immediately sell my assets if the percentage already has profits.
Some like that hold multiple kind of coin should use a different kind of wallet that support the coins you hold. But proper verification must be made on the safety of the Wallet before storing your Altcoins.
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?
Personally, I do not trust multi wallet, because I do not want to hold all my investition in one place. To keep different kind of wallets makes the life a little bit more complicated but more safe
I want share my positive opinion, absolutely this your good idea if almost you have to panic time on your head. In fact I'm here, I had some coins holding atlist many days before but now 80% down. But now i am not excited and I have to wait for future profits.
one of the disadvantages of holding lots of altcoins is that it will be difficult to handle that when prices fall. however, if you only have a few coins, I think it's easy to control, especially when there is panic sell. since the altcoin prices began to decline, I started converting them into some popular coins.
I have heard about opensource multi wallets, but have never used them. I still have concerns about the safety of these wallets. I prefer holding my ERC 20 tokens in MEW (although it is also not very safe from hacking) and the remaining shitcoins in exchange wallets. I am thinking about purchasing a hardware wallet. For $100, all this trouble can be get done with.
Altcoin's value is unstable and there is very little money flowing into it regularly. I only recommend that everyone should keep Bitcoin and Altcoin top10, top 20. Buy them when the market bottoms, you will definitely have a big profit. Most altcoin has collapsed since the bear market took place, comparing the market in 2018 and 2019. There have been many changes, high-quality projects are held IEO and a large exchange list, part The rest of the market declined and disappeared.
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