Holding multiple altcoins

[faceoff97]

I think you can store on multi-wallets , but of course you need to understand that the risks that you can steal funds above , but I would recommend to store funds on binance very reliable exchange!

You are a fool. Do not be offended by your advice obsalyutno wrong. Exchangers are always subject to threats and attacks. There is money there. Or do you store your cryptocurrency in a separate secure vault at home in the safe. Or do you keep cryptocurrency in a landfill. Where every homeless (hacker) wants to steal your money.

Exchanges are not meant to be a storage, the potential risk is too high since you don't have the full control of your funds. It's always better to have control over the private key so you can be sure that all your funds is not within the control of anyone but you alone. You can choose open source wallet like Hodler wallet, this offers better security and public code is available  so you can easily view the  potential vulnerability.

You are saying that exchanges arent safe but crypto wallets are ?  Both are the same dude .  a wallet do also hold alot of funds and hackers are also targetting it .  its not wrong to store funds on a wallet or on an exchange as long as you are sure that the wallet/exchange that you are using is legit  .  traders store funds on an exchange because they are trading on it automatically , same as on wallet but if you arent using your funds actively its a wise idea to withdrew them  .

You should realize that exchanges and wallet are really different thing. A wallet gives you the full control over your private key and your assets, while exchanges are not because it is controlled by the third trusted party which makes it more vulnerable to potential lost of your coins. Exchanges is safe but not prescribed as storage of your funds for longer period of time. That's my point.

[Cyptobonds1]

I prefer a single wallet for my token than multiple wallet even though most of the tokens are altcoins and has no value yet, so holding them in different wallet will be waste of time. If it is to be not more than 10 coin with greater value owning them in different wallet is okay.

[darkangel]

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?

Holding altcoins is good as long as they are coins with good ROI potentials otherwise it's a total waste of space especially coins that the developers have abandoned and has no minimum value product

[Chomsy]

I hold all of my altcoins in ERC-20 wallet. I feel they are more secure there and I can easily have access to them too.

[mamesso]

I can't resist selling, for me hold is very confusing and difficult to predict.
This is a kind of gambling, but the decision to sell is not a wrong decision.
trade requires faster profits.

[Anonylz]

Holding multiple Alt coins is still the best idea for me than just settling for one or two, it is always a good idea to diversify so that you don't rely on 1 or 2,
Holding multiple helps because if some alts are down in price, few might be up, which helps to keep your portfolio from not going down and looking red all through.

[anafiene]

Holding a number of altcoins is not a bad idea, in the future it will give you a good profit, save your assets in a safe wallet for example on ERC20, in your wallet your assets will be secured.

[Shadovka]

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 also prefer to store all the coins in the same wallet so that i am able to glance at the value of all the coins i have at once, there is a possibility that if you store at different wallets you might forget that coin and it will just sit there forever.

[boyz97]

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 also prefer to store all the coins in the same wallet so that i am able to glance at the value of all the coins i have at once, there is a possibility that if you store at different wallets you might forget that coin and it will just sit there forever.

no matter if we want to store our coins in one wallet or different wallet.but personally i am prefer to split my balance into several mobile wallet and web wallet.i am just affraid if store it in one place somthing wrong happen to me.

[Soberb]

Ohh, I live amassing and holding multiple coins. Initially I was too much addicted to earning money from crypto market. But nowadays, my passion is also amassing different coins alongside making money. It give me pleasure collecting coins. Most of the coins I have which have been come from bounty campaigns and airdrops. And I have also bought some coins in the secondary market too. But I have been holding all my coins in different wallets. Some of them are in exchanges and some are in my wallets. I think the idea of holding all coins in a wallet is wise.

[Fredomago]

I can't resist selling, for me hold is very confusing and difficult to predict.
This is a kind of gambling, but the decision to sell is not a wrong decision.
trade requires faster profits.

Different people do have different points of views, if you feel that way then it's good for you dealing with short term trading, faster results and move forward for another day inside trading exchange, while others do believe with long or medium trades holding to maximized profits.

[Aldrinx00]

I hold most of my altcoins in a single wallet well it's more convenient and less hassle, however i still have other back up wallet with same altcoins that have a value because if hackers cracked my private key they will surely empty it and i will lost all of my precious altcoins. We must not put all our eggs in one basket.

[yobo2020]

It is not advisable to store all your token in one wallet no matter how you have trust in that wallet because anything can happen at any point in time. If hacker mistakenly hack your account you will not lost everything at once.

[yslyv]

there are different kind of wallet that supports many different cryptocurrencies. the safe ones are trezor and ledger hardware wallets. i usually prefer to use single wallets that were announced officially.

[Alohadanc3]

I never preferred that hold all coin in a single wallet. Cause it's always risky to hold all the coins in a single wallet. I always split my investment and the wallets also. I have 3 ethereum wallet( most of my coins are eth based) two of them are like stored I never opened them if it's not urgent and one of them I use for normal transaction. And I never use exchange wallets or any kind of wallet which supports all coins in one place. I rather prefer office wallets for each. I know each is hard to Manage but I think it's better than being dead or havker.

[galundan9]

there are different kind of wallet that supports many different cryptocurrencies. the safe ones are trezor and ledger hardware wallets. i usually prefer to use single wallets that were announced officially.

I think all hardware wallets that support cryptocurrency are safe and usually depend on using them, if you use them carelessly, it is very risky to lose the coins in them. by choosing to use your hardware wallet add an additional layer of security to protect your cryptocurrency if your computer is compromised by a virus or malware that can steal your private key by means of a key logger.

[Wewe Gombel]

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 also prefer to store all the coins in the same wallet so that i am able to glance at the value of all the coins i have at once, there is a possibility that if you store at different wallets you might forget that coin and it will just sit there forever.

no matter if we want to store our coins in one wallet or different wallet.but personally i am prefer to split my balance into several mobile wallet and web wallet.i am just affraid if store it in one place somthing wrong happen to me.

Agree, putting money in many places is safer if there are problems, there have been many experiences like that, even top exchanges have experienced hacking and lost all consumer money, whatever the reason is certainly better to save money in many safer places.

[Initech]

Paper wallet generated on a fresh formatted, disconnected from the Internet machine running Linux/OpenBSD.

Make at least one copy of it, place each one inside a waterproof case and bury both it in the ground, each one in a different remote location. Maybe one of the locations could be your backyard or garden.

[acgenius]

And how do you usually choose the tokens to buy or to hold? Which parameters do you mostly analyze? And how do you generally find great projects? Friends' recommendations or own evaluation? And have you heard of Mindsync project or other advanced ones, coming out lately?

[zee11225]

Holding a number of altcoins is not a bad idea, in the future it will give you a good profit, save your assets in a safe wallet for example on ERC20, in your wallet your assets will be secured.

That's a good strategy, although not everyone likes it, but I see security and risk sharing are good considerations. If all coins rise, profits can be obtained automatically. But if part of the loss and part of profit, the risk can be reduced.
This pattern is not shared by large profit investors, because they want big profits to be prepared with big losses. This is a very risky trade where decisions cannot be wrong, because prices can change at any time, and profits that have been handled can be lost if they are late in selling or wrongly anticipating.