Holding multiple altcoins

[syamster]

Diversification is the most important factor of every successful investment. Without splitting your altcoins among different wallets and exchanges, you won't be able to save your funds, once one of them is going to be attacked by hackers.

This is nature of crypto currency, there are so many coin who are struggling in the market since long but they did not get proper recognition but some are there only for few years but still so many people know about it and they are investing into it, holding every coin or multiple coin better invest in bitcoin which is at high demand and gradually rising in price.

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[Bitfling]

Hodl many different Altcoins is a good choice. But choosing to hold too much Altcoin is a bad thing, only holding Altcoin that you believe can be profitable for you. Do not select Shitcoin as this will make you lose money when choosing it.

Hold only a number that you can monitor, a coin is like a company that has it's progress and you need to have a timely information for all the coins you hold in order to make a timely decision. For example, if you are hold bitcoin SV and because you have a lot of coins to monitor and you are too confident on its future that you miss the news that it will be delisted in binance and some other exchanges, that will cost your a lot.

I am agree, hold coin that we know the progress. Its like a stock and we hold it because believe it have good progress in the future. Holding multiple coin is good because it reducing risk from volatile market but it also our focus distracted. Better holding not more than 10 different coin, it make us more focus on our investment and we can follow the progress

[jademaxsuy]

I'd prefer to hold it with a muticurrency wallet like ledger nano s.

It is convenient if most of the coins you hold can be stored within a single wallet which is trusted and reliable. I have seen that hodler wallet ran a signature campaign here but I still prefer to stay with ledger nano s.

Yeah right the OP is more on like putting an egg in one basket and if anything goes wrong then OP will realize it losing all his/her coins in an instant by having that platform. Even though we know that these are secured but still there is a chance that hackers may manage to breach the system. Just take the cryptopia, MEW and other wallets or exchanges that has been hijack.

[fortelen]

In storing digital assets, of course a wallet is needed that can store safely. The ERC20 wallet and hardware wallet will provide security. You can maintain your wallet's private key well and don't easily trust others. A very good strategy if you have a lot of coins, so the chance to get a bigger profit.

[naska21]

Good option for me is  to hold alts in paper wallets generated by universal HD-wallet generators downloaded from github repository and  installed on my computer. Sometimes for particular alt I don't have that choice and have to make tough choice to use either alts generic wallet or even to store on exchange.

[LUCKMCFLY]

Currently if you still keep that diversification in the altcoins, it is best to leave some, because for example the case of BitcoinCashSV the list of many Exchanges that are Level 1, and something I know and understand is that a currency that does not If you are in a Level 1 Exchange, your failure is imminent.

For other currencies that are more stable, it is best to hold until the market in general takes its bullish trend, because it is not a good idea to sell when we are in a stage of market accumulation, where the sale is most likely to be very cheap, and maybe accompany it with some losses that is not advisable.

What if it is advisable to monitor much more closely every day to the currencies and the Bitcoin market, because any movement can indicate big changes in the currencies that you have in your portfolio.

[Dima95]

We all hope that sooner or later cryptocurrency will bring us great opportunities. And I, as an ordinary person, also today save my cryptocurrency assets in altcoins, which I hope will have growth.

[faceoff97]

I'd prefer to hold it with a muticurrency wallet like ledger nano s.

It is convenient if most of the coins you hold can be stored within a single wallet which is trusted and reliable. I have seen that hodler wallet ran a signature campaign here but I still prefer to stay with ledger nano s.

Yeah right the OP is more on like putting an egg in one basket and if anything goes wrong then OP will realize it losing all his/her coins in an instant by having that platform. Even though we know that these are secured but still there is a chance that hackers may manage to breach the system. Just take the cryptopia, MEW and other wallets or exchanges that has been hijack.

I don't think someone could hijack the wallet. And I'm not also putting all asset in one wallet, I have multiple wallet but with the same kind of wallet. I need wallet that is more convenient to use and offers a lot more safer and secure security feature. Since also it is open source, you can see potential vulnerability of your own funds which makes it more secure.

[Anonylz]

I'd prefer to hold it with a muticurrency wallet like ledger nano s.

It is convenient if most of the coins you hold can be stored within a single wallet which is trusted and reliable. I have seen that hodler wallet ran a signature campaign here but I still prefer to stay with ledger nano s.

Yeah right the OP is more on like putting an egg in one basket and if anything goes wrong then OP will realize it losing all his/her coins in an instant by having that platform. Even though we know that these are secured but still there is a chance that hackers may manage to breach the system. Just take the cryptopia, MEW and other wallets or exchanges that has been hijack.

I don't think someone could hijack the wallet. And I'm not also putting all asset in one wallet, I have multiple wallet but with the same kind of wallet. I need wallet that is more convenient to use and offers a lot more safer and secure security feature. Since also it is open source, you can see potential vulnerability of your own funds which makes it more secure.

i prefare to store all my important coins in one wallet, this way i can easy control and aware of any activities, then i have wallets to participate in campaigns and stuff like that, it is not very safe to expose your major wallet that hodls all important funds, that may likely result to been attack, am using enjin and mew and am okey with both so far.

[Shatterlean22]

Is very hard to hack multicoin wallets because each address has different private keys entirely so it's safer holding your coins in different addresses, I use coinomi wallets and I have access to my private keys

[rodel caling]

I'd prefer to hold it with a muticurrency wallet like ledger nano s.

It is convenient if most of the coins you hold can be stored within a single wallet which is trusted and reliable. I have seen that hodler wallet ran a signature campaign here but I still prefer to stay with ledger nano s.

Yeah right the OP is more on like putting an egg in one basket and if anything goes wrong then OP will realize it losing all his/her coins in an instant by having that platform. Even though we know that these are secured but still there is a chance that hackers may manage to breach the system. Just take the cryptopia, MEW and other wallets or exchanges that has been hijack.

I don't think someone could hijack the wallet. And I'm not also putting all asset in one wallet, I have multiple wallet but with the same kind of wallet. I need wallet that is more convenient to use and offers a lot more safer and secure security feature. Since also it is open source, you can see potential vulnerability of your own funds which makes it more secure.

i prefare to store all my important coins in one wallet, this way i can easy control and aware of any activities, then i have wallets to participate in campaigns and stuff like that, it is not very safe to expose your major wallet that hodls all important funds, that may likely result to been attack, am using enjin and mew and am okey with both so far.

Sorry but i want to give you an caution using one wallet in the multi coins for isn't advisable because if possible they hpget hack all your investment will goes nothing.

[joshy23]

I'd prefer to hold it with a muticurrency wallet like ledger nano s.

It is convenient if most of the coins you hold can be stored within a single wallet which is trusted and reliable. I have seen that hodler wallet ran a signature campaign here but I still prefer to stay with ledger nano s.

Yeah right the OP is more on like putting an egg in one basket and if anything goes wrong then OP will realize it losing all his/her coins in an instant by having that platform. Even though we know that these are secured but still there is a chance that hackers may manage to breach the system. Just take the cryptopia, MEW and other wallets or exchanges that has been hijack.

I don't think someone could hijack the wallet. And I'm not also putting all asset in one wallet, I have multiple wallet but with the same kind of wallet. I need wallet that is more convenient to use and offers a lot more safer and secure security feature. Since also it is open source, you can see potential vulnerability of your own funds which makes it more secure.

i prefare to store all my important coins in one wallet, this way i can easy control and aware of any activities, then i have wallets to participate in campaigns and stuff like that, it is not very safe to expose your major wallet that hodls all important funds, that may likely result to been attack, am using enjin and mew and am okey with both so far.

Doing this will keep you away from possible attackers, having dedicated wallets for your important funds/assets and have another one for your
daily transactions, splitting might work as long as you do the right process to secure both your wallets.

[FaucetKING]

I prefer holding my coins each in their own wallet. If I am here supporting for long.. I don't need access to my funds and I don't need the ability to buy and sell.. I will only keep. Watching the prices and waiting for the good moment.. When it comes, I will start the wallet sync.. That's more safe at least.

[Babayan]

If I had enough money to invest in different altcoins I would buy Waves, Ethereum, Neo, Litecoin and of course Bitcoin!

[Murat]

I would suggest holding in different wallets. Also holding a bunch of coins is not a good move. Hold like 2-3 good coins otherwise, you won't benefit because it's not worth it. Using the same wallets for holding all the coins can be dangerous too if you lost the access for you to lose all your coins and money. I would instead choose Binance to take care of that. Now, why holding a bunch of coins when there are some good old coins to hold for next bull run? I would suggest getting all your money in the same truck. 

[Gab20]

I understand that using a wallet that cash accommodate so many coins at the same time can be advantageous, yet using just any wallet that has such feature can be very risky.
I still prefer using the hardware wallets that already have good reputation.
Although, if holder wallet has long standing reputation, I will not also mind making use of it.

[Awalt541]

Yes i think if i holding my money on 1 Altcoin i will get loss profit if my predict is false. And i have invest my money in many Altcoin and i tink i will make bit profit form it. Because all cryptocurrency woll grow in 2020.

[Icologies]

Yes i think if i holding my money on 1 Altcoin i will get loss profit if my predict is false. And i have invest my money in many Altcoin and i tink i will make bit profit form it. Because all cryptocurrency woll grow in 2020.

why are you too sure about crypto or market will grow in year 2020, market conditions are very difficult to guess and the fact is that the market is still in a state of correction or falling, and there are no positive signs until now

[tonyvo2017]

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 personally think about investing in about 5 types of money you feel the most potential. And some kind of money needed to exchange, trade like BTC, ETH .... If you hold too many multiple altcoins, it is difficult for you to control them and it is difficult to decide whether to sell or keep. Too many types will cause you to have trouble investing

[Omega Weapon]

Hodl many different Altcoins is a good choice. But choosing to hold too much Altcoin is a bad thing, only holding Altcoin that you believe can be profitable for you. Do not select Shitcoin as this will make you lose money when choosing it.

Hold only a number that you can monitor, a coin is like a company that has it's progress and you need to have a timely information for all the coins you hold in order to make a timely decision. For example, if you are hold bitcoin SV and because you have a lot of coins to monitor and you are too confident on its future that you miss the news that it will be delisted in binance and some other exchanges, that will cost your a lot.

This is correct, there are many that like to feel like they are investors and like to hold a huge number of coins, but it is going to be impossible to monitor every single one of them and you will miss important pieces of news and then one day you will realize that one of your coins is losing a lot of money and then you will realize your mistake but by then it will be impossible to recover the money you have lost.