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Author Topic: Holding multiple altcoins  (Read 24666 times)
Impaler
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April 21, 2019, 06:40:11 PM
 #921

Holding multiple coins are very hard sometimes. It's hard to manage. For this reason people want to hold them in a single space like a multiwallet. But put all your money in a single space is not a good idea for me. I always prefer official wallets or official recommend wallet for that specific chain. Like for ethereum I use myetyeherwallet, for Eos I use nova, neon for neo and neo based token. But if my holding is too big then I go for same wallet but multiple time. I got more than one MEW and EOS wallets. Cause when you hold all the money in single space then it's kind of risky. If you can go for hardware wallets then it's fine . But if you use other kind of wallets I will suggest split it out and hold.

 
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April 29, 2019, 12:49:04 PM
 #922

I also keep a lot of crypto types. However, I trust hard wallet more than online wallet services, it is a good key for you to use and store tokens and coins. There are still many types of coins that have not been supported for many reasons. But I hope that hard wallets will soon support more coins and tokens
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May 04, 2019, 02:43:16 AM
 #923

I have  different kinds of altcoins  and they are in different wallets. And I would prefer to save them into ERC20 because this wallet was safe, than to other wallet.
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May 04, 2019, 12:22:43 PM
 #924

I also hold lots of coins but most of them are stored in my personal wallet and some of me remain in the altcoin that I trade in a short time.

Collecting everything in one place is sometimes fraught with all the known consequences. I prefer to keep my assets in different wallets, depending on the need to use them.



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May 04, 2019, 12:27:14 PM
 #925

I also hold lots of coins but most of them are stored in my personal wallet and some of me remain in the altcoin that I trade in a short time.

Collecting everything in one place is sometimes fraught with all the known consequences. I prefer to keep my assets in different wallets, depending on the need to use them.

It's a pretty smart decision to hold assets in different wallets to avoid a possible loss of all your money in case of hacking. On the other hand, it's less convenient than using of one wallet.
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May 04, 2019, 01:06:18 PM
 #926

I used to pursue the purchasing and holding different altcoins technique imagining that could be viewed as diversification of my portfolio and give me more profit. however, sooner or later I saw that along these lines of investment is the most exceedingly awful thing that I can do. uniquely since they are altogether associated and they all get dumped hard when bitcoin drops.
So for holding, i just get a few top coins and keep long term

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May 04, 2019, 01:08:25 PM
 #927

Holding altcoins with potential and value is a great strategy to make you a bigger profit especially this year to knock down the price of potential altcoins but be careful about selecting altcoins that just want buy because not all altcoins coming out have potential other altcoins because it's scam and shitcoin especially now many projects are coming out like airdrops and bounty so be careful of selectivity so you can not get to the scams and enjoy your time especially those who are bounty hunters who join bounty now are the ones who are going out but the other is the scam with legit but few are legit and also be smart in choosing the bounty you'll be able to look at on their website as well their team to make sure you legit your bounty.

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May 04, 2019, 01:10:00 PM
 #928

There is nothing wrong with holding multiple altcoins, and as for me I think it's actually a good thing. Multiple altcoins allows you to earn more and also enhances your abilities in managing. Just like how games equip you with analytical skills. Another point mentioned in this discussion is storing your earnings in multiple wallets, I have to agree with this because it allows you to minimize losses. Always think of the best course of action in things involving money.
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May 05, 2019, 03:45:42 PM
 #929

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 don't see any wrong with holding multiple altcoins, as long as the coins you holds have a potential and high volume in the market.
Because if you hold the wrong coins, probably the holdings you are going to do is a big mistakes. And the time you will spend to it will just turn
into nothing.
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May 05, 2019, 04:04:58 PM
 #930

Lots of people hold or trade multiple altcoins all in trying to max out profit . For storage, I use multi wallets that supports virtually all tokens and it's easier for me instead of downloading wallet for each altocin. I see this wallet stuff every time with various projects coming up with their own wallet. This makes no sense to me. The multi wallet system is the major best

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May 05, 2019, 04:10:24 PM
 #931

The security issue of the wallet is the most important thing for me and I read about this project and it gives me confidence and I want to try it myself. Judging by the reviews of many, this is a very convenient wallet and has many useful functions.
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May 05, 2019, 04:17:37 PM
 #932

Personally, after the robbery, I store all ERC20 tokens exclusively on MEW with access through Ledger! I wish I had bought Ladger earlier than this trouble happened to me. Smiley
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May 05, 2019, 04:49:14 PM
 #933

I love the multi wallet system. Easy to access, easy to interchange and exchange, easy to use, navigate and remember wallet details. I know security comes out tops but for it to be efficient, a simple wallet system is all we need at any point. I dislike the idea of all projects having each individual wallet. that doesn't makes sense to me

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May 05, 2019, 05:21:16 PM
 #934

Lots of people hold or trade multiple altcoins all in trying to max out profit . For storage, I use multi wallets that supports virtually all tokens and it's easier for me instead of downloading wallet for each altocin. I see this wallet stuff every time with various projects coming up with their own wallet. This makes no sense to me. The multi wallet system is the major best

Now there are many mobile applications that can help you do this. It can help you manage all your assets anytime, anywhere with every mobile device you have on hand. But holding too much altcoin without concentration I think will lead to distraction
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May 05, 2019, 05:43:41 PM
 #935

Holding multiple altcoin in one wallet. It is very easy and simple. I am personally use myetherwallet wallet and hold different type of ERC20 token. You can also use myetherwallet wallet its use very easy simple and secure.

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May 05, 2019, 06:35:13 PM
 #936

According to your hobbies, I have a lot of wallets to trust! And I don't think I should store all the encryption in one wallet!
Etherwallet
Imtoken
Myetherwallet(MEW)
Hardware wallet you can choose Ledger Nano
Thanks for this, I am sure that this will really help newbies and new investors. It is better to hold our coins or tokens on different wallets so that we can really secure our money. If something happened to other wallets, at least we still have other wallets which can be used in case we need it. It is much better if we really secure our security keys.
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May 05, 2019, 06:37:12 PM
 #937

Apart from the fear of this bear market  holding multiple Altcoins is good I do use blockchain and ethreum wallet which I hold more than 25 different token. So holding is not bad but due to this market issues holder don't want to hold but sell at the best rate.

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May 05, 2019, 06:51:07 PM
 #938

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 multiple altcoins is really not a bad idea because the aim of holding is to wait and get value for your tokens. Personally I prefer to hold than to sell cheap after working months for a bounty and just selling them cheap on the market. The problem is with holding them all in one single wallet, anything can happen to your wallet at anytime and we have to be careful with the use of one wallet but holding multiple altcoins is not a bad idea.

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May 05, 2019, 06:56:31 PM
 #939

Personally, after the robbery, I store all ERC20 tokens exclusively on MEW with access through Ledger! I wish I had bought Ladger earlier than this trouble happened to me. Smiley

Better to have that experience sooner than later bro. Hope your Ledger will serve you for a long time. Are you going to buy Nano X in the future?
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May 05, 2019, 08:13:42 PM
 #940

The risk of holding in a multiple wallets is not as much as holding in just one, but if I will hold in a single wallet, it has to be one that I can trust. Although, at this point I have not seen anyone who said he has issue with using holders wallet.
Personally, I just feel I can manage multiple wallets.
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