Holding multiple altcoins

[Kocret02]

Altcoin holding multiple can be a good strategy, when one of the altcoins loses you can expect an altcoin to get a profit. but choose high-potential altcoins like ethereum and several other altcoins like litecoin, BNB and others. congratulations hold on

[CryptoIyke]

This can be favorable if entered the right time, the constraint here is that it may be difficult monitoring the whole of them and taking the important decisions of when to exit, most times the experience is awful

[Coroline]

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?

just like you, I prefer the multi wallet because it makes it easier to check it and don't have to bother checking one by one if you use a single wallet

[Mihawk]

So, it'll depend very much on your intention with these projects, in the end what really matters is who will value it first. Well, I thought like this until a month ago, until finally I understood the true meaning of cryptocurrencies. Have fun.

[Bitfling]

I have some currencies in different wallet address. I really don't know the coin that will Lambo first, so I try to accumulate as many as possible I can get. I have miss out in some good projects because of falling in love with a particular project that would later broke my heart because it will probably dump.

Accumulating a good strategy as long as the coin is a good coin with large daily transactions. Not all altcoins are good for long-term investment and I think we can choose some altcoins as an investment because many altcoins don't have clear projects or don't have enough liquid daily transactions

[ufaiz50]

I prefer to use exchanger wallets for altcoin and bitcoin, I do that because I also trade and I don't hold it very long or hodl, indeed to save altcoin on an exchanger is very risky so for a safe choice have a wallet with multi wallet features as the OP will be better. Whereas for tokens such as erc20 or other types of tokens I store them in a MEW and coinomi, as I said because storing on an exchanger to hold for a long time is very risky.

[pageraji]

Altcoin holding multiple can be a good strategy, for me the top 20 altcoin is a good choice, searching for information about the date of altcoin development / event that will come is very helpful for when to buy and hold until it approaches the event.

[voltesbit777]

One of the good storing coins was MEW(myetherwallet), then aside from this I also scattered my coins in different exchange platform that are on top listed at the coinmarketcap, even to other decentralized exchange platform. Therefore, holding multiple altcoins is not a bad idea instead it is a good things the must traders do here in this industry.

[Robotbitcoin22]

I have some currencies in different wallet address. I really don't know the coin that will Lambo first, so I try to accumulate as many as possible I can get. I have miss out in some good projects because of falling in love with a particular project that would later broke my heart because it will probably dump.

if all of the tokens that we get from bounty are likely to fly very little unless we invest in an altcoin which has the potential for a potential increase, we can get enough.

[xSkylarx]

I have some currencies in different wallet address. I really don't know the coin that will Lambo first, so I try to accumulate as many as possible I can get. I have miss out in some good projects because of falling in love with a particular project that would later broke my heart because it will probably dump.

Accumulating a good strategy as long as the coin is a good coin with large daily transactions. Not all altcoins are good for long-term investment and I think we can choose some altcoins as an investment because many altcoins don't have clear projects or don't have enough liquid daily transactions

The best choice is only pick altcoins that is in the top 10-20 of coinmarketcap. They have continuous updates on their project and large number of traders. They are stable in prices compared to pump and dump altcoins. Crypto investment is risky so before anything else DYOR before buying not just because on speculation you've heard.

[Dpat]

Holding of multiple altcoins is not the fact but you should hold the great coin which will make you benefit in short term and the long term. But if you are earning the altcoin from various free sources or the bounty work, it is ok. Again, Where you should hold it? You have to choose the hardware wallet to store otherwise use different wallet.

[PedroCrypto]

In my opinion, it is a good time to buy, Bitcoin rose fast and alts too, good alts now already at least 5X from early this year. I missed the opportunity to accumulate then while I will buy now... Hope it is still a good time, and maybe as Libra is a double edge sword it will bring more people to cryptocurrency and invest?

The projects I invest now:

BitTorrent
Stellar
Historia Network
RavenCoin
Mithril
DGB

[irixo10]

Holding multiple altcoins is not an issue but we should really endeavour to keep track of them, that is visiting the coins group etc to be aware of latest happenings. If one can't keep up, then holding just few will be better so as not to miss out on swaps etc thereby holding useless coins thereafter.
Secondly, I don't think holding all coins in one wallet is worth it, I prefer spreading mine in different wallets to diversify risks.

[bluesnup]

Get some $ESH that's Switch.ag token which gets you dividends of the exchange every month. it's basically free money and they just started a mega campaign, the probably getting listed on cmc in like a week or so, really recommend to invest now.

[casperBGD]

if you can hold it in one wallet, it is the easiest way, but since the security is also the question, i prefer to hold my coins in different wallets, to diversify the risk from losing one key or another
lost of your key, or hack to your account is not impossible, so i have to take risk precautions

[Mihaylovic]

well. i prefer to use hardware wallets. i use trezor. it is quite simple and useful but it doesn't support every coin i have. for the ones that it does not support i use the wallets that officially announce by the team of the altcoin.

[Herbet Fry]

Wouldn't a ledger be better for this? They add new coins all the time and if you have eth tokens you can keep them all safe. This is a lot of trust to put into a program like this. I don't even know if it is safe.
IT is like having multiple privatekeys. You can't just install any wallet but how do you know what to install? Ledger is tried and tested so I use that. Other coins I sue their official wallets. I never use third part wallets.

[94K]

Holding multiple altcoins can be advantageous or not depending on the kind of coin. I personally prefer holding multiple altcoins in my wallet or portfolio so that if the market recovers and prices increase, I can get more profits.

[Cacingkemi]

Holding multiple altcoins can be advantageous or not depending on the kind of coin. I personally prefer holding multiple altcoins in my wallet or portfolio so that if the market recovers and prices increase, I can get more profits.

HODL is the best solution and everyone has the same opinion, that is want to get a profit right but don't enter the wrong basket with an empty token or ALT that does't have a future dude. It's better to always see the developments in your portfolio, that is the best solution your might get a lot of profit.

[harsi123]

I think that you also need to keep the coins wisely.  Because if you keep for a very long time, you can lose and if you sell quickly, then you need to invest in a certain project.  The world of cryptocurrency is very complex and requires experience.