How to save my coins and tokens? - page 13.

DarkSi

member

Activity: 294

Merit: 15

Quote from: chainese on July 06, 2018, 07:31:42 PM

Quote from: cryptotezi on July 06, 2018, 07:24:43 PM

Well, market has been so much unpredictable at this moment. And trading has become more complex. I think at this moment there is not alternative to knowledge and analysis. So I suggest you to do a lot of study to know the best strategies to save your money.

I agree, but doesn't increasing complexity of trading mean that there should be some tools for it?

It means actually. One good way is to try to reduce complexity and volatility. First good example was tether coin, which has been (and still) trying to avoid volatility by backing the asset with traditional currency USD. Right now is not the best time to buy it imo. Another reasonable way is face complexity and diversify your basket as much as possible with top crypto assets. However, it has its difficulties.

It's not easy to diversify a basket to even 6-8 assets. But anyway it's better than to do nothing. Do nothing aka HODL is like to choose one gun shot instead of burst of machine-gun fire. Take a look at the project CryptoIndex.io. And let me know if you find something similar. I find it really interesting.

lovly

jr. member

Activity: 101

Merit: 1

The best craze for you to keep the coin you already have is not to panic and rush to sell it when altcoin prices are down, because this will make you lose, you have to be patient and research the growth of altcoin in the market, therefore when you decide to invest money surely you should see the continued development of altcoin in the crypto market.

Badhuamin

full member

Activity: 420

Merit: 100

for myself I usually store my coins and tokens in Myetherwallet because it's pretty easy to use and safe enough to store tokens.

chainese

member

Activity: 299

Merit: 13

Quote from: cryptotezi on July 06, 2018, 07:24:43 PM

Well, market has been so much unpredictable at this moment. And trading has become more complex. I think at this moment there is not alternative to knowledge and analysis. So I suggest you to do a lot of study to know the best strategies to save your money.

I agree, but doesn't increasing complexity of trading mean that there should be some tools for it?

cryptotezi

newbie

Activity: 140

Merit: 0

Well, market has been so much unpredictable at this moment. And trading has become more complex. I think at this moment there is not alternative to knowledge and analysis. So I suggest you to do a lot of study to know the best strategies to save your money.

chainese

member

Activity: 299

Merit: 13

Quote from: Mr.Mittelman on July 06, 2018, 06:53:35 PM

Quote from: BADBITCH on July 06, 2018, 06:28:23 PM

There are a lot of ways to keep your token safe
By dumping them and getting good value for money
By hodling them during the darkest and bearish people
By been smart making research and buying more quantities only to sell at hogh price and get your profits

how many quantities do you hold at the moment?

I hold 11 different coins and tokens

Mr.Mittelman

jr. member

Activity: 96

Merit: 1

Quote from: BADBITCH on July 06, 2018, 06:28:23 PM

There are a lot of ways to keep your token safe
By dumping them and getting good value for money
By hodling them during the darkest and bearish people
By been smart making research and buying more quantities only to sell at hogh price and get your profits

how many quantities do you hold at the moment?

BADBITCH

jr. member

Activity: 532

Merit: 6

There are a lot of ways to keep your token safe
By dumping them and getting good value for money
By hodling them during the darkest and bearish people
By been smart making research and buying more quantities only to sell at hogh price and get your profits

chainese

member

Activity: 299

Merit: 13

Quote from: Noobaru on July 06, 2018, 06:11:36 PM

Maybe think about exchanging some of your tokens (maybe the ones that are not so dear to you) into tether, since tether doesn't fluctuate (almost zero volatility), which means it is almost always roughly around 1$ price. That is the way to preserve your profits from falling in the bear market. But beware, that also means if the bull comes, portfolio won't rise as well.

I don't believe in Tether because it's backed by USD. What if USD will fall? Or you don't think it's possible?

Mr.Mittelman

jr. member

Activity: 96

Merit: 1

Quote from: bedulook on July 06, 2018, 06:04:32 PM

If you don't have much funds to buy a hardware wallet like trezor , which is the best way of saving your coins, then a good exchange with high reputation in security should be used to lock your coins.

First, why did you decide that Trezor is the best cold wallet? Second, why do you think some exchange is more reliable way than a cold or online wallet? When your coins are at the exchange's account, they're actually not even yours

twtr2

copper member

Activity: 95

Merit: 0

My strategy is HODL. Wink

But I'm taking part in many Bounties and it helps me to get a good profit.

Noobaru

jr. member

Activity: 504

Merit: 3

Maybe think about exchanging some of your tokens (maybe the ones that are not so dear to you) into tether, since tether doesn't fluctuate (almost zero volatility), which means it is almost always roughly around 1$ price. That is the way to preserve your profits from falling in the bear market. But beware, that also means if the bull comes, portfolio won't rise as well.

Mr.Mittelman

jr. member

Activity: 96

Merit: 1

Quote from: lifesgood10 on July 06, 2018, 06:03:40 PM

Quote from: Mr.Mittelman on July 06, 2018, 04:26:42 PM

This year doesn't allow me too speak about "how to get some profit", I'm just looking how my money going down and have no idea what to do about that. I'm not a tricky trader or something, just got couple of thousands dollars as a reward for help some good ICO projects. So I don't ask about complicated strategies, my question is more about services allowing to automate "money saving". I would be very gratefull for good suggestions and promise to +Merit them whatever it means Grin

You neee to understand the principles of trading
It’s not all about hodling
It is all about hodling at the scariest point and selling at the desperate point
You need to be smart and make researches so you can be sure which coin to hodl
Don’t hodl shit coins and expect wealth

Also be calm

Thanks, mate. Sounds reasonable. Do you think you're able to make a better research than such projects as Coinmarketcap? What does your own research show? Any rising stars? Hidden unicorns?

bedulook

newbie

Activity: 112

Merit: 0

If you don't have much funds to buy a hardware wallet like trezor , which is the best way of saving your coins, then a good exchange with high reputation in security should be used to lock your coins.

lifesgood10

member

Activity: 378

Merit: 13

Quote from: Mr.Mittelman on July 06, 2018, 04:26:42 PM

This year doesn't allow me too speak about "how to get some profit", I'm just looking how my money going down and have no idea what to do about that. I'm not a tricky trader or something, just got couple of thousands dollars as a reward for help some good ICO projects. So I don't ask about complicated strategies, my question is more about services allowing to automate "money saving". I would be very gratefull for good suggestions and promise to +Merit them whatever it means Grin

You neee to understand the principles of trading
It’s not all about hodling
It is all about hodling at the scariest point and selling at the desperate point
You need to be smart and make researches so you can be sure which coin to hodl
Don’t hodl shit coins and expect wealth

Also be calm

Mr.Mittelman

jr. member

Activity: 96

Merit: 1

Quote from: Aniwura on July 06, 2018, 05:21:12 PM

If you do not know of any way in the crypto space, through which you can earn more or put what you have into use, the best thing you can do is to hold. Hold what you have until the market gets better.

That's where it gets tricky. No doubts that the market will get better at some moment in the future. But does it guarantee that exactly my crypto asset will get better?

As I see it's much more effective to diversify assets. No?

Mr.Mittelman

jr. member

Activity: 96

Merit: 1

Quote from: likketil on July 06, 2018, 05:12:14 PM

You can probably use a Trezor ledger or create some cold storage wallets if you don´t plan to move your coins to often I suggest.

No, the question is not about safe wallet. I don't think it's a problem. As I see more likely just to lose the major part just by doing nothing.

Mr.Mittelman

jr. member

Activity: 96

Merit: 1

Quote from: berrygood on July 06, 2018, 05:07:49 PM

You need nothing but holding, your money may decrease too much but it does not matter you still hold them. I never trust other things except holding. If the coins are really trash you may not be able to see their rise again

I've heard totally the opposite from traders. They suggest to diversify the basket as much as possible. Don't you agree it's more wise than to count on just 1 team of developers?

Aniwura

jr. member

Activity: 378

Merit: 1

If you do not know of any way in the crypto space, through which you can earn more or put what you have into use, the best thing you can do is to hold. Hold what you have until the market gets better.

likketil

newbie

Activity: 90

Merit: 0

You can probably use a Trezor ledger or create some cold storage wallets if you don´t plan to move your coins to often I suggest.

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