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Author Topic: Buy 44 Altcoins on exchanges tomorrow for a total of 4000$ after DDos Attacks  (Read 2992 times)
RewFrew (OP)
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May 08, 2017, 02:44:03 AM
Last edit: May 10, 2017, 02:00:53 AM by RewFrew
 #1

Hi there,

Like i said in the topic, i already make my searchs on my target Altcoins, 44 at all. So i gonna set my orders and buy them on differents exchanges tomorrow.

i plan to hold them between 2months to 2years, depends on best time to sell.

I wanna know the best way to keep them safe, like i read on differents topics, those exchanges can be hacked or closed by the FBI, so its a bad place to hold them.

For now i dont know how to handle that, those 44 Altcoins goes from shitty one listed on only one exchange to the big ones listed on poloniex.

Help me please, where to hold em safe? and how?

Thanks.

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OrangeP
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May 08, 2017, 02:52:46 AM
 #2

I think you have a bunch of work in front of you.

You'll need to get a wallet of each and/or check options of creating cold wallets.

Good luck! Do you want to share your list?

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RewFrew (OP)
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May 08, 2017, 02:56:21 AM
 #3

I think you have a bunch of work in front of you.

You'll need to get a wallet of each and/or check options of creating cold wallets.


How to get a wallet for each one, or a cold wallet. i want a very high level of protection for my investment.

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May 08, 2017, 03:00:17 AM
 #4

Why 44?

Why not 10-20?
RewFrew (OP)
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May 08, 2017, 03:04:06 AM
 #5

Why 44?

Why not 10-20?


For now they are 42, i delisted 2. but i plan to invest on around at least 50 altcoin.

RewFrew (OP)
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May 08, 2017, 03:26:02 AM
 #6

Please reply to my main question: where and how to store them?

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May 08, 2017, 04:03:23 AM
 #7

I think you'll gonna have tough time containing them. 44 alts is very hard to keep. That means 44 wallet needed to keep your altcoins. Each alts has different wallet. Just go for an exchange with good security like Poloniex. But its up to you. Cold storage and paperwallet. I think its good for you.
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May 08, 2017, 04:12:53 AM
 #8

I think you'll gonna have tough time containing them. 44 alts is very hard to keep. That means 44 wallet needed to keep your altcoins. Each alts has different wallet. Just go for an exchange with good security like Poloniex. But its up to you. Cold storage and paperwallet. I think its good for you.

Lets say for exemple i buy Speedcash (SCS) Bitvolt (VOLT), how to make a cold wallet for those 2 altcoins?

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May 08, 2017, 04:17:56 AM
 #9

If your hold period only starts from 2 months as you have mentioned, then it is alright if you keep them in your exchange I feel, because you would be able to sell them instantly when the price is right for you.
But if there are some coins that you know you're gonna wait for more than a year or up to two years, then you can withdraw them to your wallets.
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May 08, 2017, 04:19:54 AM
 #10

44! That's just throwing a bunch of blind darts at a target in hopes that one hits a bullseye. Better to research and allocate the $4k to the altcoins you think have the best tech and future.
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May 08, 2017, 04:22:49 AM
 #11

44! That's just throwing a bunch of blind darts at a target and hopes one hits a bullseye. Better to research and allocate the $4k to the altcoins you think have the best tech and future.
Yeah and it is not just throwing a bunch of blind darts at a target, it is a pain in the ass to store unless those altcoins are just tokens or a smart contract for example incent which is waves platform based. I think its better for you OP to lessen it since it would be hard storing them at 44 kinds of altcoin wallet at most if you don't want them to be in exchanges.
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May 08, 2017, 04:34:51 AM
Last edit: May 08, 2017, 04:48:35 AM by RewFrew
 #12

I have the time to handle that big number of altcoins, but i need the best approch.

if you have some topics who raised the same problem, link it please: i searched on google and doesnt found any article about this issue.

If only there is a high secure wallet for all altcoins listed on coinmarketcap...

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May 08, 2017, 06:00:04 AM
 #13

If you're going to install 44 blockchains on your machine you better use an old machine for the inferior crap because some of these coins can contain malware.
It's better to use at least two computers; one for the shitcoins and one for the established coins with histroy and communtiy behind them; which are the clean ones.
Don't think your antivir or even virsutotal could find all the malware; that's not the case.
If i were you i'd leave the shitcoins on exchange and only take the safe ones like LTC, DOGE and such to my own computer.

Also make sure your different computers don't communicate via your router. Disable netbios.

Asking here for advice how to create safe coldstorage is utter lazyness on your part. Can you not google? I think you're very likely to lose lots of your coins due to you not having the slightest idea what you're even doing. If i had as little knowledge as you have i'd stick to bitcoin.
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May 08, 2017, 06:14:05 AM
 #14

I would pick 5-10 and spread it evenly there.

If you spread to thin, your profit will be less because you are bound to pick some crap up as well. Just go for the high profile coins.

Beware though, as I think we are nearing the top of the bubble.
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May 08, 2017, 06:25:13 AM
 #15

the best option is to have it inside your computer, but 42 coins or 44 coins is a lot to store and male your device to slow down, better to place some of it inside exchange wallet those coins that you are planning to hold for just a month can be store inside exchange but better to make sure that the site
have a good reputation.

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May 08, 2017, 06:39:53 AM
 #16

This thread reminds me of the proverb "a fool and his money are soon parted". 44 coins is beyond foolish. On top of that, most coins are in a bubble right now which means it's far more likely they will be worth a lot less in a few months. It's no wonder so many people lose money in crypto. Crypto is NOT like main stream stocks and bonds. It'd say it's even worse then penny stocks. The only time something is worth investing in for more than a month or 2, is if it has a track record where you know buying at a certain low price will net you a good profit in a few months. Anything else is just throwing your money away.

As for how to store it, there is only one real option and that's installing every single one of them. Once you've sync'd the blockchains and got the coins into your wallet, you can just backup the wallet and delete the software if you want.

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May 08, 2017, 07:13:58 AM
 #17


i plan to hold them between 2months to 2years, depends on best time to sell.


Best time to sell might be after 2 minutes, or 2 hours or 2 days...before 2 months.
Or after 2 years.

OrangeP
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May 08, 2017, 08:32:28 AM
 #18

I don't think its foolish to invest in 44 different small alts. Maybe the timing is bad as a huge rally already happened.

What boggles my mind: What makes you capable of choosing 44 good coins without even knowing how to store them  Roll Eyes? I'm really asking.

To "help" you further on your request: No one is giving you an "easy" guide on how to store 44 altcoins out of an exchange, because there simply is no easy way to do it. Keeping track of all the software and coins cold-stored is a full-time job for you. This is not remotely worth $4k and I'm not even factoring in the security issues others mentioned here. I'd keep them on the exchange to be honest.

Also, please share your list. We're interested Smiley.

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May 08, 2017, 09:42:07 AM
 #19

Like i said in the topic, i already make my searchs on my target Altcoins, 44 at all. So i gonna set my orders and buy them on differents exchanges tomorrow.
Did you try to choose a good altcoin? Have you tried to filtering it? It looks a bad decision to take all of the 44 coins.
i plan to hold them between 2months to 2years, depends on best time to sell.
You can't expect all of your coins will become successfull investment.

I wanna know the best way to keep them safe, like i read on differents topics, those exchanges can be hacked or closed by the FBI, so its a bad place to hold them.
Dekstop wallet or hardware wallet.
That's the only way for you to keep your coins are safe.

For now i dont know how to handle that, those 44 Altcoins goes from shitty one listed on only one exchange to the big ones listed on poloniex.
If you don't know how to handle over 40 kinds of altcoins and why are you trying to do it?
My guess you have taken without try to determine the future of altcoin ( I mean you don't do a good analyzation)

Try to think for a twice about your decision.

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May 08, 2017, 09:56:43 AM
 #20

Hi there,

Like i said in the topic, i already make my searchs on my target Altcoins, 44 at all. So i gonna set my orders and buy them on differents exchanges tomorrow.

i plan to hold them between 2months to 2years, depends on best time to sell.

I wanna know the best way to keep them safe, like i read on differents topics, those exchanges can be hacked or closed by the FBI, so its a bad place to hold them.

For now i dont know how to handle that, those 44 Altcoins goes from shitty one listed on only one exchange to the big ones listed on poloniex.

Help me please, where to hold em safe? and how?

Thanks.

why you don't just download their client and put them in a virtual machine or another computer? this is a safe bet for your altcoin, no one will touch them, just be aware of scam coin with virus in the client that could steal all the other coins, this si more dangerous than fbi seizing random exchange

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