Can I hold my altcoin for years in my wallet?

[Psychee]

let's try crypto project Socratus

[Gudhal Untu]

Many strategies we can do to get big profits, and I think long term hold is a more profitable option, the most important thing is we make sure the wallet is stored safely and we have a back up so that when our access is not problematic.

[neths29]

I cant say its good to invest and hold altcoins for a year. But I have an altcoin in my wallet that I hold for almost a year because I wait for the time when the value of that coin increase.
This is for me part of investing. Waiting for the good value then sell.

[pompinkpomelo]

Depends which wallet. I think with most good hardware wallets you are fine to hold for many years.

[hyriyum]

When all is said in done, long haul ventures tend to make financial specialists more agreeable, in light of the fact that you don't have to center totally around altcoin.

Be that as it may, you require a long haul interest in altcoin with an awesome potential and future to make a major benefit, for example, ETH? A year ago, ETH unit cost of under 10 US dollars.

[surgical_duude]

•What if I dont have any money ? And I decided to hold my altcoin at my wallet.
•Will the value remain?

For example

I got a Klarity token and I got no gas so I will leave it there for a year or two.

•Any chances of value getting higher? Or it will die to years later?

Yes, you can. Your token won't lost, it will exist forever. But the problem is token's value, it's hard to know that. So if you think this isn't potential coins, you shouldn't hold it for years, you can lose all money.

[Psychee]

no because new crypto projects develop Socratus 1 of such cases

[Jraf95]

Yes you can, aslong as that alt is still existing. But its value will never be the same as before, because all altcoins price is not stable. Sometimes its increasing and sometimes dcreasing. Just hope that the altcoin you hold is profitable even if you hold it for long years.

thats right, holding an alt in your wallet is not bad the thing is just make it sure to be protected and know hows your wallet works and it will be safe always. also knowing the unexpected happenings on your token must be preferable so that in time to time you can easily adjust what you're plan.

[apitico]

As far as I understand, you are talking about long-term investments. If so, then you should choose some of the most promising and pretty stable coins to keep in your wallet for the time you need.

[beautifulliar240]

The answer depends on the service of the wallet you use. I do not recommend if you want to keep your money with a simple, unknown and fancy wallet application. You can hold for years because of their stability and the continuous support by many.

[artemdubina88]

If we take into account that the market is very raw and there are a number of very promising coins that I can say Yes ! It's profitable !

[cryptocurrenciesboom]

I think it's easier to go from the opposite. I'll try to offer options when you lose your money completely. The first case, when the project turned out to be unsuccessful and the price of its tokens became zero, although it is unlikely to become completely zero, just trade will stop for this token and the price will drop to about zero. The second and most important moment is forks, by missing an important update you can lose your tokens forever, so you need to keep track of the news about your coins.

[BlackRacerX]

•What if I dont have any money ? And I decided to hold my altcoin at my wallet.
•Will the value remain?

For example

I got a Klarity token and I got no gas so I will leave it there for a year or two.

•Any chances of value getting higher? Or it will die to years later?

No it won't remain the same since the volatility of alt coins and bitcoins are really hard to predict. That's why you may end up with a lot more value with what you left there. Of course the magnitude of the tokens you left will be the same, but the overall value will definitely change over time.

[Tahdayi]

Of course you can , I think it's safe , but about whether altcoin dies or not it's up to you!

[Sheentaide]

the answer relies upon at the provider of the pockets you use. I do now not propose in case you need to hold your money with a simple, unknown and fancy pockets application. It has pockets services so that even the inventory exchanges to keep more secure cash. No i use a best pockets service, i'm able to come up with a fine answer if you may store my money there. it's miles useful to make a cautious preference of wallet.

[DisWhale]

Not all coins are worth HODLing, hence it is always advisable you learn more about the coin with which you intend to hold. If the coin rpoves to have the potentials to surge in the next few weeks, months or days, then you can hold as such and give yourself a goal.

[ZumbiLe]

You can hold it as long you require and nobody will stop you, it's yours. In any case, let me remind you something about the hazard that perhaps happen. Initially, coin has future however genuine market has their own answer, your coin has probability moved toward becoming trick ( has no esteem ), missing ( stolen ) and possibly you overlook on the off chance that you have one. Second, why you not take another approaches to grow up your coin with exchanging? more significant yet additionally there's hazard to confront it. However, it's your coin and good fortunes with you.

[ngefek berat]

Actually to make predictions about an altcoin exchange rate very difficult but with the patience of the merchant must be every possibility of success is still open by investing in altcoin.

[flowdon]

yes you can mate, just be sure to keep your private key safely. the price of your token is depends on the team of the project it self, if the project will be an successful im sure your token will have also a good value when keeping it, but if the team is not active and not an premising one im sure that it would be die soon. so better to some research with your coins if what would be the best to keep on your wallet for long term.

[Kapee]

Nothing prevents you from hodling your alts in your wallet. You can only change when your account has been hacked where the coins are at risk or when you feel like doing so . Keep holding the alts in your wallet and sell wisely.