Topic: I guess personal wallets are a thing of the past now. - page 2. (Read 488 times)
Nowadays not much altcoins that created. I mean, i talk about coins and not token. Because i got that era too when joining airdrop we must download their wallet first and if the coin support staking, we can stake in our wallet in our computer. But usually i use laptop that i not use to open my main acount to do it. But now there are so many tokens with ETH,BSC or other chain so not much software wallet used.
I will also do like that, buy some altcoins that keep them in the wallet for the next 5 years, will I become a billionaire? Who knows? 
I was just going through my appdata on my old comp (been in the shed for 4 years) and boy I used to run a lot of wallets on it.
And guess how many I have on my new comp = zero
So I started looking around the forum and can't really find a single wallet I can download onto my comp, add a few coins and start staking.
Amazing how fast it has all moved on in just a couple of years.
Nostalgic moment over now
Cheers
TT
And guess how many I have on my new comp = zero
So I started looking around the forum and can't really find a single wallet I can download onto my comp, add a few coins and start staking.
Amazing how fast it has all moved on in just a couple of years.
Nostalgic moment over now
Cheers
TT
I guess that mainly has to do with all the functionality that the introduction of DeFi has brought into the cryptospace. I mean nowadays you can almost put any coin into a staking contract or a liquidity pool to receive additional income and you don't need to have a wallet running for each coin that you own on your computer, but that also has it's downside of course. I mean the old saying "Not your keys, not your coins" is still true and if you have all of your coins on an exchange to stake them and to gain interest and that exchange gets hacked someday then you pretty much lost everything and you probably won't even get a compensation for it. So i would probably never let a big amount of money laying around on an exchange for a long time.
Yes, the cryptocurrency is developing very quickly and if you do not constantly observe the movements in this market, then in a short time you can see your lag in this market. Now even bounty hunters have a lot of problems due to the fact that new projects often move from one platform to another, and if you do not monitor this situation, you can stay with old wallets and already useless tokens.
There is nothing we can do about it. You need to adapt to the situation and constantly be aware of all developments in this market.
There is nothing we can do about it. You need to adapt to the situation and constantly be aware of all developments in this market.
Exactly, last two years there are many projects that migrated their tokens from one blockchain to another but ultimately bounty hunters suffered. They can't either migrate or have no chance of migrate, or lack or regular monitor. I have also found few projects migrated to other chain and that chain, i don't migrate for only not covering gas fees. Old wallets needs to check on regular basis otherwise tokens may be lost.
There are plenty of old scrypt alt coins that are PoS / masternodes where you just set and forget (install, download the block-chain, buy some coins and transfer them to your wallet and let run in the back-gound). I don't think you've looked too hard for examples.
What coins did you have in the past? Do you still have funds in those wallets?
What coins did you have in the past? Do you still have funds in those wallets?
I tried to read this thread a few times... and I don't get it!
Who knows what OP tried to do... there are many wallets, official wallets, for many coins... with or without staking feature! Depending on the coin/chain you like!
What personal wallet is? If you have a private key it's your personal wallet... what are we talking about here exactly?
The time is passing, and yes crypto is a lot bigger than it was... is that something strange?! Since I am here, and before me, crypto was the crazy place, every day something new, so many new projects, ideas... crypto is developing constantly! It's impossible to follow all the things around! So we are here where we are, but it's not like that some old, good, proven, projects are failed... they are still here!
Who knows what OP tried to do... there are many wallets, official wallets, for many coins... with or without staking feature! Depending on the coin/chain you like!
What personal wallet is? If you have a private key it's your personal wallet... what are we talking about here exactly?
The time is passing, and yes crypto is a lot bigger than it was... is that something strange?! Since I am here, and before me, crypto was the crazy place, every day something new, so many new projects, ideas... crypto is developing constantly! It's impossible to follow all the things around! So we are here where we are, but it's not like that some old, good, proven, projects are failed... they are still here!
Not really a 'thing of the past since there are still many altcoins out there that had their own client wallet. To be honest, back then I used to think any new altcoin without a proper client wallet is trash and shouldn't invest in. Can't blame me since it was the days where many ERC20 tokens with very lazy and low effort dev so we had to have some standard back then.
But things change and so with some already point out in this thread, the inconvenience and risk of many wallets dwarfed by the convenience on one in many ecosystem.
Majority of them are trash yet it becomes dead for a few weeks or months specially to those who had staking feature excluding into those coins which are old and had that liquidity or demand.But things change and so with some already point out in this thread, the inconvenience and risk of many wallets dwarfed by the convenience on one in many ecosystem.
Of course, there would be changes as the years passed since technology is progress and new ideas do come out then it would really be just normal to have these kind of improvements
or changes and i do see it is way more much better than with the previous one but i do agree with those nostalgic feeling if ever we do encounter those back again
even though on small chances because most of things had changed up.
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Yes, surprised that technology, most especially in crypto is changing very fast, sometimes I try to compare how crypto currencies were operated back in 2016 when I first got into the space to how it's been operated right now and am totally amazed at how fast things have changed, and I personally don't see this change slowing down anytime soon, atleast, not until 90 percent of the entire world population are into crypto, alot of improvement and growth is coming to this space and this is one of the major reasons why we all have to always to our best to stay updated, so as not to miss good opportunities when they surface.
Not really a 'thing of the past since there are still many altcoins out there that had their own client wallet. To be honest, back then I used to think any new altcoin without a proper client wallet is trash and shouldn't invest in. Can't blame me since it was the days where many ERC20 tokens with very lazy and low effort dev so we had to have some standard back then.
But things change and so with some already point out in this thread, the inconvenience and risk of many wallets dwarfed by the convenience on one in many ecosystem.
But things change and so with some already point out in this thread, the inconvenience and risk of many wallets dwarfed by the convenience on one in many ecosystem.
I am still confused, whether, in your new computer, there is no wallet anymore? Or the wallet consists of zero assets or value?
And, what coins or tokens did you have in your past wallets?
Like what told by other members here, the time passed so very quickly and the development is always ongoing. However, actually, if the projects and also wallets are good and profitable, your coins must be still there and must have value. Except that they are shit coins or even the wallet experienced big movement and development and you missed out on the period of moving.
And, what coins or tokens did you have in your past wallets?
Like what told by other members here, the time passed so very quickly and the development is always ongoing. However, actually, if the projects and also wallets are good and profitable, your coins must be still there and must have value. Except that they are shit coins or even the wallet experienced big movement and development and you missed out on the period of moving.
Having your own wallet that you control all the time is not the past thing here, because even now you still need to have your own wallet even if you are just staking, the market is growing but one thing is for sure, you need your own wallet all the time. You can use online wallets but if you want more security for your holdings better to have a hard wallet as well.
Yes, it is not yet a thing of the past. There are still good coins to stake but of course, most old alts have been gone already and long been dead. So they are not worth keeping on your computer. There are still old coins that you may want to stake like reddcoin, pivx and others. As long as they still have active market and active development, they are worth to stake. So for every staking coin, you should also keep up with their updates. Because if it is heading to nowhere, better cash it out while it has still value.
Having your own wallet that you control all the time is not the past thing here, because even now you still need to have your own wallet even if you are just staking, the market is growing but one thing is for sure, you need your own wallet all the time. You can use online wallets but if you want more security for your holdings better to have a hard wallet as well.
So I started looking around the forum and can't really find a single wallet I can download onto my comp, add a few coins and start staking.
Im still using many personal wallet like Electrum or Anchor. Its not past and still easy to use.
But i didnt really understand about the words i quote above, can you make it clear for me?
Nostalgic moment over now
This is because cryptocurrency now costs a lot of money and it is time to take care of security. Software wallets are not the most reliable and they are not reliable against viruses or exploits.I use the Ledger nano X hardware wallet to store my coins. Newbies are constantly losing money due to hacker attacks or because they entered their seed phrase into a fake wallet.
Got some old wallets too that I didn't touched for years and I say that it's worth the wait. I mean not really waited for the bull run to come but didn't have the urge to spend it before.
Well, with the timing and fate that has come, it's worth that I've sold a bit on a quite good price which is very reasonable for me.
Well, with the timing and fate that has come, it's worth that I've sold a bit on a quite good price which is very reasonable for me.
Not all altcoins will have a value in the future 99% of them will dead sooner or later.
the currencies that survive, they rise quickly. the market is changing growth and something that no one wants to invest in suddenly became desirable.
Therefore, the more you follow the changes, the more you get good things for less than their price, and the less risk you have, and keep them for a longer time, more profitable.
Hodling is good if you choose good altcoin.
the currencies that survive, they rise quickly. the market is changing growth and something that no one wants to invest in suddenly became desirable.
Therefore, the more you follow the changes, the more you get good things for less than their price, and the less risk you have, and keep them for a longer time, more profitable.
Hodling is good if you choose good altcoin.
The development of cryptocurrency today is very fast, if you are slow in observing the market, it will make you confused. Even a project may change platforms, you really need to be careful and always update your knowledge about market developments.
I believe you are talking about altcoin that started after bitcoin and had their own wallet softwares. It was a craze at that time to use the miners to mine these new coins and dump them on exchanges to get paid. Nice rat-race there and although the idea remained same the process has changed. Now we have these DeFi stablecoin pools which need to be "Staked" to get paid. We also have alt/shitcoins which need to mined and sold to get paid.
Overall these hundreds of wallets that you had only meant increased security risks and with bitcoin wallets on the same device, you are defenitely at risk of getting a malware installed if you dont check the code first/are a non-technical person.
I would say it revealed what a unregulated market it was, and that only bitcoin is the thing that people need to buy - the hard truth which people tried to evade by mining altcoins because bitcoin mining was becoming costly and less profitable.
Overall these hundreds of wallets that you had only meant increased security risks and with bitcoin wallets on the same device, you are defenitely at risk of getting a malware installed if you dont check the code first/are a non-technical person.
I would say it revealed what a unregulated market it was, and that only bitcoin is the thing that people need to buy - the hard truth which people tried to evade by mining altcoins because bitcoin mining was becoming costly and less profitable.
Quote
I guess personal wallets are a thing of the past now.
I am pretty sure about the confusion in using "personal wallets" in the title.What does it mean "thing of the past"? I guess you are talking about your old personal wallets, and not Personal Wallets in general. if so, then your topic is a useless nostalgic post. And if about wallets in general, sorry to say that you're wrong, as personal wallets "custodial ones" are still the best way to store and use cryptocurrencies rather than exchange wallets or non custodial wallets.
Yes, the cryptocurrency is developing very quickly and if you do not constantly observe the movements in this market, then in a short time you can see your lag in this market. Now even bounty hunters have a lot of problems due to the fact that new projects often move from one platform to another, and if you do not monitor this situation, you can stay with old wallets and already useless tokens.
There is nothing we can do about it. You need to adapt to the situation and constantly be aware of all developments in this market.
There is nothing we can do about it. You need to adapt to the situation and constantly be aware of all developments in this market.
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