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Author Topic: Holding multiple altcoins  (Read 24673 times)
rhyoanime
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March 12, 2019, 02:46:31 PM
 #601

I think you need to save it in a place that is more privacy.
such as nano ledger, or wallet that has a physical shape and is stored in a safe place.

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March 12, 2019, 03:01:02 PM
 #602

Holding multiple altcoins is an advantage for us crypto traders or investors to earn profits with a high percentage. If we have multiple altcoins in our wallet or exchanges' accounts, then we can flexed or split our funds into other good coins with a percentage of pumping in terms or price.

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March 12, 2019, 03:57:05 PM
 #603

To hold multi alt coins its best to use myeatherwallet, but you have to secure your private key. MEW is best because you can hold almost all type of alt coins in this wallet.
You can also use hardware wallet, Ledger wallet, Trezor wallet or MetaMask is recommended to hold alt coins.
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March 12, 2019, 05:06:32 PM
 #604

i consider holding multiple altcoins will be much more benefical than holding just one specific coin, like when the price drops instead of loosing money from one coin, we can spilt many percentages of losses but still be able to keep our profit under control rather than just watch our money disappear.

cribusen
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March 12, 2019, 05:10:08 PM
 #605

I am holding a lot of coins and always on different wallets and exchanges. The diversification method is the most important rule of every investor and if you do not want to lose all your funds one day, I would keep your coins on multiple wallets.
faceoff97 (OP)
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March 12, 2019, 10:01:41 PM
 #606

What of the name that app?? Is that secure we control our private key?? If yes that so great because not only ERC-20 token also support many kind of coins. I Also hold mutiple altcoin but i only using MEW, sometimes i want to store in hardware wallet but the price is so expensive i think
It's called Hodler wallet they have free app available in  playstore and soon for iOS. It's a secure wallet since it gives you the full control over your private key. You might also wanna consider their hardware version here: www.hodler.tech/pro it's has great feature to offer better than the free app. Check out their website and find out more.
andrei56
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March 12, 2019, 11:01:52 PM
 #607

It is a matter of preference, it is way easier to hold all your coins in a a single wallet but that is also very risky since a hacker only needs to get access to one wallet and if he does you lose all your money, since I prefer security over convenience I prefer to hold my coins in several wallets that way if one of them is compromised I will not lose everything.
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March 12, 2019, 11:02:46 PM
 #608

Even among altcoins there are a lot of differences in terms of their functionalities. It's important to pick various coins with functionalities that you think are beneficial for the user.

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March 13, 2019, 11:03:06 PM
 #609

Even among altcoins there are a lot of differences in terms of their functionalities. It's important to pick various coins with functionalities that you think are beneficial for the user.
So, it would be better to only hold coins with the top rank because the coins at the top must have supporters and large-scale usage, which means it promises good profits if holding for the long term. Even so, it doesn't hurt to hold lots of altcoins if you do have good confidence in each altcoins that you have researched for holding in a certain period that will definitely be more profitable in the future.

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bebekangsoo
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March 13, 2019, 11:20:27 PM
 #610

Even among altcoins there are a lot of differences in terms of their functionalities. It's important to pick various coins with functionalities that you think are beneficial for the user.
So, it would be better to only hold coins with the top rank because the coins at the top must have supporters and large-scale usage, which means it promises good profits if holding for the long term. Even so, it doesn't hurt to hold lots of altcoins if you do have good confidence in each altcoins that you have researched for holding in a certain period that will definitely be more profitable in the future.
if you are sure and will focus on the coins that you have and it would be better to hold some Altcoin because the opportunities you get will be more.
If the coins that you hold have a good future and have good quality, of course there is still hope to be profitable.

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March 13, 2019, 11:39:40 PM
 #611

Holding Multiple coins in one wallet is a good idea and it saves your time. And I have also read some positive article about Hodler. But Personally, I wouldn't suggest anyone store cryptocurrency there. Because there is no better option than Ledger/Trezor/hardware wallets to store all of your altcoins. Except these, be aware of using any kind of wallet or exchange to store your altcoins!

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March 14, 2019, 08:54:53 AM
 #612

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?

Thanks this multiwallet store I have an idea that. My have a question did you have a wallet for the TRX?
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March 14, 2019, 09:02:25 AM
 #613

The best way to manage a diversified crypto portfolio is storing it in a hardware wallet that supports these tokens. Wallets like this not only gives ease of use it also keeps the tokens secure from hacks.
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March 14, 2019, 09:38:55 AM
 #614

Keeping multiple tokens in a ledger wallet is the best method to save them. No one can access them. And you can spend them whenever you need.
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March 14, 2019, 10:41:55 AM
 #615

I have multiple but on different ways (paperwallets, wallets, only passwords for blockchains, etc)
faceoff97 (OP)
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March 15, 2019, 01:04:29 PM
 #616

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?

Thanks this multiwallet store I have an idea that. My have a question did you have a wallet for the TRX?
You can maybe suggest them to add that coin. But as I have heard, they have no plan on adding it, they are working on adding NAno coin and Monero. They keep on adding new coin, once good number of request was brought to them they might probably have the interest  of adding it. So far, I find Hodler as one of the best open source wallet.
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March 17, 2019, 04:11:16 PM
 #617

Even among altcoins there are a lot of differences in terms of their functionalities. It's important to pick various coins with functionalities that you think are beneficial for the user.
So, it would be better to only hold coins with the top rank because the coins at the top must have supporters and large-scale usage, which means it promises good profits if holding for the long term. Even so, it doesn't hurt to hold lots of altcoins if you do have good confidence in each altcoins that you have researched for holding in a certain period that will definitely be more profitable in the future.

Holding those from the top ranks is a good decision and add some from the lower ranks which are promising.

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March 17, 2019, 04:18:27 PM
 #618

I keep my coins in different wallets, I support diversification even in security matters. Private keys are also divided into several parts.

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March 17, 2019, 04:37:08 PM
 #619

I keep my coins in different wallets, I support diversification even in security matters. Private keys are also divided into several parts.
Yeah, it is good decision. Always make sure that your private keys are safe and nobody can steal them from your computer.

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March 17, 2019, 04:44:06 PM
 #620

Perhaps this is not very bad, because according to the dynamics of price growth today for altcoins, we can conclude that many altcoins holders today earn just from what they hold. Therefore, probably today is good.
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