Topic: Holding multiple altcoins - page 7. (Read 24733 times)
Do not "store all the eggs in one basket." You should always keep in mind the possibility of hacking a wallet. So you minimize your risks.
I hodl quite a good number of cryptocurrencies distributed in multiple wallets that supports those coins. I prefer storing them in multiple wallets as a means of security from hackers. if they are stored in many wallets, chances are, you still have other cryptos from other wallets when it is hacked.
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's really convenient, but I'm not sure about its safety. There were too many cases that were hacked and all their properties were lost in just a moment. I'm really scared of this.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?
Instead of using a wallet to stock up on altcoins, I will use many wallets to store more altcoins.
It's more inconvenient and time-consuming but it is safer.
I have a lot of altcoins that I got from bounty. If I sell them now, I won't get much money. I'm thinking of keeping these coins for future reference. I didn't buy those coins or spend the money, so I can wait
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.
It'st okay to hold multiple altcoins especially in my case that I'm a bounty hunter. I honestly hold most of my tokens from 2018 and wait at least 5 years to cash it out. I believe crypto is the future of money.
Its teorically a good idea but i had the same mistake and i am almost %70 down from my holdings.
Its a good idea in a bullish market which is not the case at the moment.
Its a good idea in a bullish market which is not the case at the moment.
In my opinion, it`s a good idea, And the important thing is you can maximize all security capabilities.
I prefer that if only one wallet contained enough coins. because in my opinion it's more easy and to be more practical in this days.
I prefer that if only one wallet contained enough coins. because in my opinion it's more easy and to be more practical in this days.
For me, no reason to hold multiply altcoins if you are not 24/7 trader. The philosophy is in quick sell of tokens that shows growth better than Bitcoin.
I belive in Komodo. My portfolio is Komodo+Bitcoin
we need to adopt the coin swap sometime base on the state of the market and altcoin, trading strategies differs base on what works for you but we need to manage our greed to prevent being trapped . For any coin held, one should have an exit price target and move the profit to other venture. I belive in Komodo. My portfolio is Komodo+Bitcoin
for desktop device i'm prefered to use Atomic Wallet, because many altcoin are supported like new chain Binance BEP are supported faster than other wallet, and for mobile device i'm just use Trustwallet from binance.
but i don't recomended to store all of our asset in one place.
The best way of keeping up with the industry is diversification of risk. Having one single wallet for all your funds is risky in its entirety. One could rather invest in a range of projects with huge potentials like MPCX. The project secured some partnerships lately with great firms like IBM, WIZZLE, etc. Currently having its IEO where tokens could be gotten for as low as 4 cents.
Am in agreement with your opinion, diversification is key in the cryptocurrency space because of the inherent risk and uncertainty which is characterized in the industry. The issue of MPCX is a quite commendable as the team understands this truth and has made several platforms in the same project to ensure that a robust ecosystem is achieved.
The MPCX team has really put up a risk management technique in giving investors in this project an edge. There are several platforms in the same project and it would be almost impossible for all the platforms to fail immediately, thus giving the team sufficient time to re-strategize and get back to work.
The best way of keeping up with the industry is diversification of risk. Having one single wallet for all your funds is risky in its entirety. One could rather invest in a range of projects with huge potentials like MPCX. The project secured some partnerships lately with great firms like IBM, WIZZLE, etc. Currently having its IEO where tokens could be gotten for as low as 4 cents.
Am in agreement with your opinion, diversification is key in the cryptocurrency space because of the inherent risk and uncertainty which is characterized in the industry. The issue of MPCX is a quite commendable as the team understands this truth and has made several platforms in the same project to ensure that a robust ecosystem is achieved.
I have a thought to save the altcoin that I have in several wallets. I only want to apply risk management if one of my wallets is hacked so I don't lose all of my altcoins. I will not get worse because I still have altcoins in other wallets. I think it's very dangerous to keep all altcoins in the same wallet. Especially if we are an active trading that has very high trading hours. We better have lots of wallets but also have to be managed carefully.
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 you have to choose which coins you should specify for mid-term investments (4-6 months) from the list? I was interested in that choice, perhaps it would be my idea to choose later.
The best way of keeping up with the industry is diversification of risk. Having one single wallet for all your funds is risky in its entirety. One could rather invest in a range of projects with huge potentials like MPCX. The project secured some partnerships lately with great firms like IBM, WIZZLE, etc. Currently having its IEO where tokens could be gotten for as low as 4 cents.
depends on how long you wanna hold your caoins and how fast you need to react to price speculation...the last altseason it was clever to have multiple sell orders in the market, especially in the bull run November/December2017. But that means you have to hold your coins on the exchange itsself....also some smaller coins in my wallets are making forks and upgrading their chain so if you are not "up to date" with each project you may get in trouble.
Yes, depends on what the token you bought and what are your expectations into it. That is why many of the long term investors ended up losing their money because they are not researching well on what they are wanted to buy or what they are buying. There are some factors into it right. If you ever hold coins make sure it is multiple I suggest and not just one because when the market goes up for sure all of the tokens or coins you have would follow the trend.
depends on how long you wanna hold your caoins and how fast you need to react to price speculation...the last altseason it was clever to have multiple sell orders in the market, especially in the bull run November/December2017. But that means you have to hold your coins on the exchange itsself....also some smaller coins in my wallets are making forks and upgrading their chain so if you are not "up to date" with each project you may get in trouble.
It would be unwise to put all your eggs in one basket, considering the prevalence of scammers and hackers in the cryptocurrency space. Talking about the a platform that possesses different ecosystem, I can only find MPCX which is a digital wealth management platform comprising of several ecosystem which are connected to ensuring that the wealth of investors are maximized. This platform has gained partnership with several bluechip companies including WIZZLE , IBM, HACKERNOON,RBIDEX etc. The management of the platform lies in the CEO who is a chartered qualified Investment Specialist, and a team of other experience investment specialist. I personally find this project stupendously ready to face the investment world and deliver increased dividend to holders of the tokens.
I heard about the project, infact the tokensale has been trending for a while. The IEO is been held on PROBIT and OOOBTC exchange where the tokens are sold for 6 cents, though i heard its sold for 4 cents at MPCX platform and this is another opportunity for all to secure more tokens.
Diversification is always good and that is the reason for holding more than one altcoin, by this you can't make a loss at once if you really did research before buying in that same vein it is adviced not to put all your holding in one wallet.
I agree with you to invest fully in several projects at once. It is very important and interesting. The truth is that you really need to choose very carefully in order not to fall for scammers. 
Diversification is always good and that is the reason for holding more than one altcoin, by this you can't make a loss at once if you really did research before buying in that same vein it is adviced not to put all your holding in one wallet.
Holding multiple coins can give a decent return on the investment if the market conditions meet the essential requirements. Without diversification making right investment looks hard to me.
the current condition of the coin is not improving. because prices are increasingly unstable. so investing now is quite troubling. the problem is that investment is now quite different from before. if in the past investment always gets quite high profits, while now the benefits are difficult to obtain.
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