Holding multiple altcoins

[(o)(o)ilikeboobs(o)(o)]

Oh my god. DGB :')
Part of my memory is about DGB's price.
I think it's good when collect all the kind of coins into a platform. But you have to check carefully. Cause problems with security are very likely to happen without your noticeability.

[Grenee]

Holding multiple altcoins now is very risky to me.. Market is bad and no one can predict the actual what will happen Tommorrw. There are some token I even sent to exchange and they later delist the token l, is that gain or lose. To avoid lose don't hold much altcoins else you will blame yourself at the end...

[zuziekatee]

I will prefer to use a well recognized multicureency wallet to be Wilson a safer side ! This way , it’s better to safe gayer your asset to avoid stores that touches the heart !

[ub27]

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?

I prefer to store mine in a single wallet that is very secured and safe, I believe the wallet you store your coins shouldn't be any issue but rather how safe the wallet is

[Dannaey]

I also have multiple coins but I prefer to store it in different wallets so that when one gets hacked I still have the other. I put some my coins in different exchange also so that I can trade them from time to time.

[laskybok]

In order to curb the fear of exposing one's wallet to hackers, you should opt for hardware wallers. It is jot expensive. Consider the amount you might lose if your wallet is hacked, compared to what you will do to avoid it.

[Burogh]

Holding multiple altcoins now is very risky to me.. Market is bad and no one can predict the actual what will happen Tommorrw. There are some token I even sent to exchange and they later delist the token l, is that gain or lose. To avoid lose don't hold much altcoins else you will blame yourself at the end...

Seeing the current price of altcoin, investing in altcoin is risky. But I think if we choose altcoin which is in the top 10 or top 50 coinmarketcaps, now is the right time to buy because the price is cheap. In my opinion, the dominance of bitcoin will not last long because it can turn off altcoin and investor interest in altcoin will be reduced drastically.

[_Sergo]

Now it’s risky to invest in any altcoins. not only did they fall when bitcoin grew. Bitcoin is already falling, ETF again transferred, here the market wins back

[Searing]

I have a mess of LISK that (after ICO more purchases) duh, I'd need $1.91 LISK to get out what I have in LISK.

The joys of 20/20 hindsight...always so clear. meh!

I have a significant amount of Siacoin I mined, before selling my Obelisk SC1 miners for what I had into them (whew!)

kinda was waiting for the 1 year to pass on HODL'ing them so only 20% cap gains thingy in the USA.

Not sure how wise this is, but got what I needed out of the equipment that any of this is extra, after the electric, till I sold the Obelisk SC1's.

Was told by my nice CPA lady in the USA to now even THINK about touching/looking or otherwise acknowledging the 'bastard children'

Bitcoin/Litecoin or other forks. At least until the IRS comes out this year on its 'supposed' guidelines. So that is out.

Have a mess of 'dead coin' Fujicoin (FJC) I mined for some profit, before the FJC went deader than dead, on the KNC Titans.

My last mining of any kind was shut off on 2/14/19 or exactly 6 months ago from today, as long as I've just realized this.

I also fell (hopefully not the victim) to the Litecoin Halving and bought a mess at around $85 price and some change averaged out.

Unsure how what is all gonna work out. But hey, no loss on paper yet.

So anyway, that is my situation. Hopefully, all altcoins will not go full beanie baby and worthless, but as a percentage of my Bitcoin

holdings, I feel it is worth the risk just to hold. Probably the wrong choice.

But then again, this is how crypto works. It is always 'binary' either win/lose on whatever choice. Never any gray areas worth crypto.

I was either the right choice or the wrong move, on whatever actions.

Seems to be how it rolls.

Anyway, my view on HODL'ing multiple coins is, if it is not significant to your Bitcoin HODL'ings, I'd say it is worth the risk.

Then again, we could further this discussion even further and debate the HODL strategy of Bitcoin itself. Also, a win/lose binary situation.

Crypto: Always Drama!

anyway, my approach, be modest on altcoins and keep your expectations low.

If you want to be full out crypto stupid, then your best 'bet' is Bitcoin IMHO.

by the by, the above is transparent because the SEC and the IRS are already fully aware of me, thus no biggie to be detailed on above.

(2013 banker called SEC for investigation, just because I used $$$ to Buy Bitcoin Equipment in 2013, ah the good old days, when I was a desperado,

the SEC guy was like, on the phone, "why am I here", in that I had fully complied with the 2014 IRS Guidelines showing them my nice CPA made 2014 tax returns.

Needless, to say, I changed banks on the realization that I needed a 'commercial bank' vs a regular bank, for these purposes. Told the new bank about this when I

got an account, they were in hysterics about the other bank competitor and could give a frack all these years I have checks labeled with my name and BTC under my name.

To keep track of my checking use for the business etc. I have trained them the new bank well since 2013!

Anyway, I'm already tag'd and snag'd so I can say what the hell I want on my holdings here on Bitcointalk.

So chump or champ, you guys can tell me how badly I mucked up on HODL'ing the above altcoins someday in the far future!

later

Brad

[Mr.Zero]

holding a multiple account is not really good, becuase we must control price of all coin we hold.
i prefer to hold just only 5 coin that is BTC, ETH, BNB, EOS and LTC.
that is so simple and always make a huge profit for me.

[zzortyx]

I think that altcoins are best used for short-term transactions, rather than holding for a long time. 90% of altcoins have not made a profit over the past year and are unlikely to bring.

[Maamejane]

To me its not good to keep everything in one wallet since the digital world is fool of scammers who don't work but try to steal from hardworking individuals. Disburse your coins in 2 or more wallet to keep them safe, with that you are not likely to loose everything when you get hacked.

[cahbagus555]

Yes, that's a good idea. I also prefer to keep it in a multi-cryptocurrency wallet. It's easier to check. And does not require much application space on a smartphone. For me, a multi-cryptocurrency wallet is also safe, as long as we store phrases and passwords in a safe place.

I agree, when we hold lots of coins, multiple wallet or mobile wallet is a good choice. Many good and trusted mobile wallets like Trust wallet or Imtoken. We can easily check price movements or make transactions through DEX with a mobile wallet.

[jcarlo]

Holding multiple altcoins now is very risky to me.. Market is bad and no one can predict the actual what will happen Tommorrw. There are some token I even sent to exchange and they later delist the token l, is that gain or lose. To avoid lose don't hold much altcoins else you will blame yourself at the end...

Agree, holding too many coins makes us not too focused on our investment. I think the best step is to hold coins in the top 50 and make bitcoin a major investment. Altcoin is a high-risk investment because the project may stop in the middle of the road or the developer team leaves the project to work on another project

[BennyK]

Of late there are many wallets that support multiple altcoins and bitcoin and this has made the checking of balances and transaction more simple as one can keep all funds in a single wallet. MIXIN and the Hubrise  app are good software wallets.

[nutriagrigia]

Of late there are many wallets that support multiple altcoins and bitcoin and this has made the checking of balances and transaction more simple as one can keep all funds in a single wallet. MIXIN and the Hubrise  app are good software wallets.

I have never used any of these wallets, but I can definitely say that it is best to use a cold wallet to store your cryptocurrency. don't think that there are good wallets besides the cold ones

[_Sergo]

on the one hand, Altcoins are very unstable, and lately they have also fallen to Bitcoin, but at the same time they are quite volatile, which allows them to be traded quite profitably. True, the big risk is that they will completely depreciate

[zuziekatee]

For me I prefer to hold my alts una a single wallet ! It gives me the ease of making transaction at everytime I want and as much times I want it. Also I will be able to monitor my holdings effectively!

[gunhell16]

You can hold as many alternative coins as long as you can.
You can have it as long as you have money but remember that in cryptocurrency prices always moves fast.
So beware of it, make sure to get the different kinds of tokens if and only if, you can moderate them or watch.
use apps like blockfolio for betterness.

[BayAngelo]

i prefer to hold in a single wallet rather than a wallet that support multiple blockchain. although most of my holding have worthless. i have decided to deposit in a different wallet not useful to me. i prefer seeing current trending tokens in my wallet.