Holding multiple altcoins

[fosco333]

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?

If we still uncertain about what altcoins we will hold, then we may hold multiple altcoins in our possession.
Unless we know very well the future of our coin, we cannot hold only a single altcoin.
We must diversify our investment, so we won't having a big loss later if our coin price free falling.

[alonelyorange]

Holding multiple altcoin is the best solution where you can take profit when one of altcoin you hold raised to higher price, its give you many chance to get profit with altcoin holding at the future, but you must be patient with your asset.

[dhiraj0977]

I prefer holding all my tokens or altcoins on myetherwallet as I believe in its security patterns and it is easy to use.  

[acord00]

Holding lots of coins is a good choice in my opinion. I myself hold a lot of crypto currency coins which are also divided into several wallets that I have. I have a lot of wallets that aim to create security and anticipate hacking of one of my wallets. Meaning that if one of my wallets is hacked then I still have other wallets. Another goal I hold a lot of altcoins because I like to play with multiple crypto currencies because it is very challenging on the market.

[Natalim]

I prefer holding all my tokens or altcoins on myetherwallet as I believe in its security patterns and it is easy to use.  

It's easy to use, I agree with that, however it would be safer if you will invest on hard wallet because it's recommended for long term investment.
I had search now on what wallets that will support and I found this one > Top Wallets To Store ERC20 Tokens.

[cak imin]

I prefer holding all my tokens or altcoins on myetherwallet as I believe in its security patterns and it is easy to use.  

It's easy to use, I agree with that, however it would be safer if you will invest on hard wallet because it's recommended for long term investment.
I had search now on what wallets that will support and I found this one > Top Wallets To Store ERC20 Tokens.

I heard from a friend of mine if you want to invest the most secure long-term indeed use hard wallet. It would be safer to my friend said, but until now I only keep my assets in some wallet online such as myetherwallet and some exchanges. I know it's not safe, but already I am going to remain cautious.

[labenea]

Holding lots of coins is a good choice in my opinion. I myself hold a lot of crypto currency coins which are also divided into several wallets that I have. I have a lot of wallets that aim to create security and anticipate hacking of one of my wallets. Meaning that if one of my wallets is hacked then I still have other wallets. Another goal I hold a lot of altcoins because I like to play with multiple crypto currencies because it is very challenging on the market.

I think it's good but always be aware of the tokens you have, I also plan to add another collection of coins while the price is cheap, and many say that the market is in the recovery phase. this is an opportunity to buy in large quantities.

[heni_april]

I think it's good but always be aware of the tokens you have, I also plan to add another collection of coins while the price is cheap, and many say that the market is in the recovery phase. this is an opportunity to buy in large quantities.

Add now may be good because the price is still low, but to get a profit you have to wait until there is a hike. I myself chose to wait the market slightly increased, if an improvement I would buy the assets and trade quickly. because I am not so fond of holding assets long.

[benjamin11]

Yes its convenient because its a one stop shop and you can see all your altcoins all at once. On the other hand, its a bit risky to store all your alts in a single storage because if the storage is compromise, all your altcoins will be lost.

[donaltrump8]

I do not like to store many different types of coin if it does not bring me profit in the future, I see many people like to store many kinds of coin but it does not bring profit to them, I do not understand why they still like doing that and what is their purpose when  coming to this market ?

[mrdeposit]

I do not like to store many different types of coin if it does not bring me profit in the future, I see many people like to store many kinds of coin but it does not bring profit to them, I do not understand why they still like doing that and what is their purpose when  coming to this market ?

This diversification, so divide the investment between several currencies. This is the risk prevention behavior. When you invest all your money in one coin, you lose your money when the coin loses value. But, when you diversify, this can be fixed.

[deodivine1]

Definitely its not a bad idea to diversify your holdings, especially when holding various  altcoins with great future potential. But my little advise will be to do proper due diligence before holding coins or tokens to avoid stories that touches the heart later on. Besides the team is real and there is a product backing or atleast an MVP.

[PuertoLibre]

Multiple altcoins can float your profit expectation in balance and it is better to have a floating balance than being a depend from the single coin.

[jvper]

If you take all necessary precautions, you can have it all in a single wallet, as a cold wallet, but transacting with it might be a bit uncomfortable.

[Dannev]

There's no point storing or saving coins in different wallets. However, some people do this as a security measure incase one of the wallet gets hacked so they don't lose all coins.

[olabiyijummy02]

Holding multiple altcoins is a very good strategy because I believe diversification is key to investment in the blockchain so it's better to spread the risk over different coins and tokens than to just hold a few given the level of unpredictability of the crypto market.

[tippytoes]

Holding multiple altcoins is a very good strategy because I believe diversification is key to investment in the blockchain so it's better to spread the risk over different coins and tokens than to just hold a few given the level of unpredictability of the crypto market.

As for me, I will hold only those coins I know which will be valuable in the future. Most of them, I already got rid of already as many altcoins has the same usual trend. Continuous decline day by day, so it is not worth storing them. But in terms of eth tokens, I store them in my MEW. Been doing that ever since.

[Aligab166]

Many of us have hundreds of coins and tokens scattered in multiple wallets. I really laud this idea as it is a very safe measure of ensuring we don't put all our eggs in a basket.

[gaston castano]

Holding multiple altcoins is a very good strategy because I believe diversification is key to investment in the blockchain so it's better to spread the risk over different coins and tokens than to just hold a few given the level of unpredictability of the crypto market.

As for me, I will hold only those coins I know which will be valuable in the future. Most of them, I already got rid of already as many altcoins has the same usual trend. Continuous decline day by day, so it is not worth storing them. But in terms of eth tokens, I store them in my MEW. Been doing that ever since.

Right, many people say don't save eggs in one basket, so choosing to save some altcoins is a good strategy,
the most important thing we know is that the coins we choose are coins that have great potential.

[Kez1817]

Holding multiple and different coin is a good strategy to make some profit someday when time come that the value of coins you hold will increase so high. Also don't put all your coins in a single wallet. I always store my coins in a different wallet because if my one wallet gets hacked atlease i will not lost all my coins.