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Author Topic: Holding multiple altcoins  (Read 24672 times)
Jpti
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June 30, 2019, 06:15:33 AM
 #1021

Holding multiple altcoins is the best idea amidst reports that exchanges have been hacked. You can save your tokens from hackers to some extend when you hold your coins in your personal wallets. Whenever you like to sell you can transfer your tokens to exchanges. I have also stored my tokens in my personal wallets.

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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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June 30, 2019, 06:33:08 AM
 #1022

It's better to diversify your investment and include projects after making extensive research on the project to know whether the project has the potential for increase. On careful and extensive research, I found MPCX to be a great source of investment going by the team who are professionals and very knowledgeable on investment practice, the CEO happens to be a chartered qualified Investment Specialist. The project has secured partnership with several blue chip companies including IBM and WIZZLE to mention a few.
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June 30, 2019, 08:11:32 AM
 #1023

To prevent loss of token, one could hold tokens in different wallet. For better security, a multi-signature wallet is essential. MPCX is going to hold its IEO very soon and this is an opportunity for investors to buy tokens. I will also buy in the first and second stage of the IEO. 
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June 30, 2019, 09:17:25 AM
 #1024

The more coins I think will give you a profit in the future. I am a bounty hunter and also trade. Coin proceeds from the bounty until now I store in the wallet. And the wallet that I use ERC20 is because it is very secure. For more security, I store the coins in some ERC20 wallets.

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June 30, 2019, 10:06:56 AM
 #1025

I store my small balance at multi wallet, similar with you. But im holding my ETH and BTC at hardware wallet, i only store below 100$ of BTC and ETH at my multi wallet
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June 30, 2019, 12:04:14 PM
 #1026

I store my small balance at multi wallet, similar with you. But im holding my ETH and BTC at hardware wallet, i only store below 100$ of BTC and ETH at my multi wallet
I think that in a multi wallet you can store up to a thousand dollars, some part of the money on a large exchange and the rest on a cold wallet

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June 30, 2019, 12:15:30 PM
 #1027

I store my small balance at multi wallet, similar with you. But im holding my ETH and BTC at hardware wallet, i only store below 100$ of BTC and ETH at my multi wallet
I think that in a multi wallet you can store up to a thousand dollars, some part of the money on a large exchange and the rest on a cold wallet
Very nice solutions to split coins in different wallets. As for me, this is the safest.  But we must not forget the passwords from these wallets.  Usually, if you have a lot of them, you get confused.

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June 30, 2019, 01:03:52 PM
 #1028

Diversification is always good and that is the reason for holding more than one altcoin, by this you can't make a loss at once if you really did research before buying in that same vein it is adviced not to put all your holding in one wallet.

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June 30, 2019, 01:10:20 PM
 #1029

I store my small balance at multi wallet, similar with you. But im holding my ETH and BTC at hardware wallet, i only store below 100$ of BTC and ETH at my multi wallet
That's much better to make sure keeping your investment at your safe wallet/s, if you can hold that way keep it then probably you won't regret if some case happened, safety should be the taken care of while you are inside this market, stay alert and anticipate possibilities.
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June 30, 2019, 01:16:48 PM
 #1030

It is better if you will have different wallets for your cryptocurrency holdings. This is not new as an advice to us. Please do not put all your holdings in a single basket. We cannot tell what will happen to our wallets or to where we are saving our coins. If in the case it is under maintenance or it is under indefinite closure or, heaven forbid, it is hacked, how are we to withdraw or convert them into fiat if in case we need them? Please diversify your holdings in different wallets.
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June 30, 2019, 01:43:56 PM
 #1031

It would be unwise to put all your eggs in one basket, considering the prevalence of scammers and hackers in the cryptocurrency space. Talking about the a platform that possesses different ecosystem, I can only find MPCX which is a digital wealth management platform comprising of several ecosystem which are connected to ensuring that the wealth of investors are maximized. This platform has gained partnership with several bluechip companies including WIZZLE , IBM, HACKERNOON,RBIDEX etc. The management of the platform lies in the CEO who is a chartered qualified Investment Specialist, and a team of other experience investment specialist. I personally find this project stupendously ready to face the investment world and deliver increased dividend to holders of the tokens.
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June 30, 2019, 02:11:19 PM
 #1032

Diversification is always good and that is the reason for holding more than one altcoin, by this you can't make a loss at once if you really did research before buying in that same vein it is adviced not to put all your holding in one wallet.

Holding multiple coins can give a decent return on the investment if the market conditions meet the essential requirements. Without diversification making right investment looks hard to me.

the current condition of the coin is not improving. because prices are increasingly unstable. so investing now is quite troubling. the problem is that investment is now quite different from before. if in the past investment always gets quite high profits, while now the benefits are difficult to obtain.

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inge
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June 30, 2019, 02:12:51 PM
 #1033

Diversification is always good and that is the reason for holding more than one altcoin, by this you can't make a loss at once if you really did research before buying in that same vein it is adviced not to put all your holding in one wallet.
I agree with you to invest fully in several projects at once. It is very important and interesting. The truth is that you really need to choose very carefully in order not to fall for scammers.
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June 30, 2019, 02:16:58 PM
 #1034

It would be unwise to put all your eggs in one basket, considering the prevalence of scammers and hackers in the cryptocurrency space. Talking about the a platform that possesses different ecosystem, I can only find MPCX which is a digital wealth management platform comprising of several ecosystem which are connected to ensuring that the wealth of investors are maximized. This platform has gained partnership with several bluechip companies including WIZZLE , IBM, HACKERNOON,RBIDEX etc. The management of the platform lies in the CEO who is a chartered qualified Investment Specialist, and a team of other experience investment specialist. I personally find this project stupendously ready to face the investment world and deliver increased dividend to holders of the tokens.

I heard about the project, infact the tokensale has been trending for a while. The IEO is been held on PROBIT and OOOBTC exchange where the tokens are sold for 6 cents, though i heard its sold for 4 cents at MPCX platform and this is another opportunity for all to secure more tokens.
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June 30, 2019, 02:24:11 PM
 #1035

depends on how long you wanna hold your caoins and how fast you need to react to price speculation...the last altseason it was clever to have multiple sell orders in the market, especially in the bull run November/December2017. But that means you have to hold your coins on the exchange itsself....also some smaller coins in my wallets are making forks and upgrading their chain so if you are not "up to date" with each project you may get in trouble.

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Vinalians
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June 30, 2019, 04:24:25 PM
 #1036

depends on how long you wanna hold your caoins and how fast you need to react to price speculation...the last altseason it was clever to have multiple sell orders in the market, especially in the bull run November/December2017. But that means you have to hold your coins on the exchange itsself....also some smaller coins in my wallets are making forks and upgrading their chain so if you are not "up to date" with each project you may get in trouble.
Yes, depends on what the token you bought and what are your expectations into it. That is why many of the long term investors ended up losing their money because they are not researching well on what they are wanted to buy or what they are buying. There are some factors into it right.
If you ever hold coins make sure it is multiple I suggest and not just one because when the market goes up for sure all of the tokens or coins you have would follow the trend.
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June 30, 2019, 04:39:26 PM
 #1037

The best way of keeping up with the industry is diversification of risk. Having one single wallet for all your funds is risky in its entirety. One could rather invest in a range of projects with huge potentials like MPCX. The project secured some partnerships lately with great firms like IBM, WIZZLE, etc. Currently having its IEO where tokens could be gotten for as low as 4  cents.
Onika84
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June 30, 2019, 04:43:37 PM
 #1038

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 you have to choose which coins you should specify for mid-term investments (4-6 months) from the list? I was interested in that choice, perhaps it would be my idea to choose later.

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June 30, 2019, 04:48:57 PM
 #1039

I have a thought to save the altcoin that I have in several wallets. I only want to apply risk management if one of my wallets is hacked so I don't lose all of my altcoins. I will not get worse because I still have altcoins in other wallets. I think it's very dangerous to keep all altcoins in the same wallet. Especially if we are an active trading that has very high trading hours. We better have lots of wallets but also have to be managed carefully.
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June 30, 2019, 05:10:55 PM
 #1040

The best way of keeping up with the industry is diversification of risk. Having one single wallet for all your funds is risky in its entirety. One could rather invest in a range of projects with huge potentials like MPCX. The project secured some partnerships lately with great firms like IBM, WIZZLE, etc. Currently having its IEO where tokens could be gotten for as low as 4  cents.

Am in agreement with your opinion, diversification is key in the cryptocurrency space because of the inherent risk and uncertainty which is characterized in the industry. The issue of MPCX is a quite commendable as the team understands this truth and has made several platforms in the same project to ensure that a robust ecosystem is achieved.
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