Holding multiple altcoins

[Adacryptotic]

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.

The MPCX team has really put up a risk management technique in giving investors in this project an edge. There are several platforms in the same project and it would be almost impossible for all the platforms to fail immediately, thus giving the team sufficient time to re-strategize and get back to work.

[eidoscore]

for desktop device i'm prefered to use Atomic Wallet, because many altcoin are supported like new chain Binance BEP are supported faster than other wallet, and for mobile device i'm just use Trustwallet from binance.

but i don't recomended to store all of our asset in one place.

[ololajulo]

For me, no reason to hold multiply altcoins if you are not 24/7 trader. The philosophy is in quick sell of tokens that shows growth better than Bitcoin.
I belive in Komodo. My portfolio is Komodo+Bitcoin

we need to adopt the coin swap sometime base on the state of the market and altcoin, trading strategies  differs base on what works for you but we need to manage our greed to prevent being trapped . For any coin held, one should have an exit price target and move the profit to other venture.

[Tsubachuchu]

In my opinion, it`s a good idea, And the important thing is you can maximize all security capabilities.
I  prefer that if only one wallet contained enough coins. because in my opinion it's more easy and to be more practical in this days.

[adam1230]

Its teorically a good idea but i had the same mistake and i am almost %70 down from my holdings.
Its a good idea in a bullish market which is not the case at the moment.

[Roukawa]

It'st okay to hold multiple altcoins especially in my case that I'm a bounty hunter. I honestly hold most of my tokens from 2018 and wait at least 5 years to cash it out. I believe crypto is the future of money.

[Free1bitco.in]

I want share my positive opinion, absolutely this your good idea if almost you have to panic time on your head. In fact I'm here, I had some coins holding atlist many days before but now 80% down. But now i am not excited and I have to wait for future profits.

one of the disadvantages of holding lots of altcoins is that it will be difficult to handle that when prices fall. however, if you only have a few coins, I think it's easy to control, especially when there is panic sell. since the altcoin prices began to decline, I started converting them into some popular coins.

[farraddy]

I have a lot of altcoins that I got from bounty. If I sell them now, I won't get much money. I'm thinking of keeping these coins for future reference. I didn't buy those coins or spend the money, so I can wait

[cosmofly]

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?

It's really convenient, but I'm not sure about its safety. There were too many cases that were hacked and all their properties were lost in just a moment. I'm really scared of this.
Instead of using a wallet to stock up on altcoins, I will use many wallets to store more altcoins.
It's more inconvenient and time-consuming but it is safer.

[gwaposakon]

I hodl quite a good number of cryptocurrencies distributed in multiple wallets that supports those coins. I prefer storing them in multiple wallets as a means of security from hackers. if they are stored in many wallets, chances are, you still have other cryptos from other wallets when it is hacked.

[GREENch]

Do not "store all the eggs in one basket." You should always keep in mind the possibility of hacking a wallet. So you minimize your risks.

[wack slacker]

Altcoin's value is unstable and there is very little money flowing into it regularly.  I only recommend that everyone should keep Bitcoin and Altcoin top10, top 20. Buy them when the market bottoms, you will definitely have a big profit.  Most altcoin has collapsed since the bear market took place, comparing the market in 2018 and 2019. There have been many changes, high-quality projects are held IEO and a large exchange list, part  The rest of the market declined and disappeared.

[Sithara007]

I have heard about opensource multi wallets, but have never used them. I still have concerns about the safety of these wallets. I prefer holding my ERC 20 tokens in MEW (although it is also not very safe from hacking) and the remaining shitcoins in exchange wallets. I am thinking about purchasing a hardware wallet. For $100, all this trouble can be get done with.

[geegaw]

I want share my positive opinion, absolutely this your good idea if almost you have to panic time on your head. In fact I'm here, I had some coins holding atlist many days before but now 80% down. But now i am not excited and I have to wait for future profits.

one of the disadvantages of holding lots of altcoins is that it will be difficult to handle that when prices fall. however, if you only have a few coins, I think it's easy to control, especially when there is panic sell. since the altcoin prices began to decline, I started converting them into some popular coins.

Difficult to handle is not a serious problem in this situation, what I worry about is perhaps that we are just spending too much time thinking about quantity and the lack of careful evaluation of projects, that will affect the quality and efficiency of investment. And exactly as you say, once a bad situation happens, we will easily fall into a state of panic and uncontrollable, so the best thing is to spend a lot of time checking the development of the project, maybe we can only choose very few good altcoin, but the profitability and management will be enhanced

[dedocry]

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?

Personally, I do not trust multi wallet, because I do not want to hold all my investition in one place. To keep different kind of wallets makes the life a little bit more complicated but more safe

[Folajuwon56]

Some like that hold multiple kind of coin should use a different kind of wallet that support the coins you hold. But proper verification must be made on the safety of the Wallet  before storing your Altcoins.

[bahagia93]

I agree to hold a lot of Altcoin must be very profitable, especially Coin coin which has great potential such as BNB, WAVES, But I am not strong enough to hold back like you ... I immediately sell my assets if the percentage already has profits.

[Chinsmokers]

I have some currencies in different wallet address. I really don't know the coin that will Lambo first, so I try to accumulate as many as possible I can get. I have miss out in some good projects because of falling in love with a particular project that would later broke my heart because it will probably dump.

[Gabmot]

Holding multiple shitcoins in my case has become quite a frustrating experience for me. My idealogy before was that if can hold these coins in their varieties, I stand a chance of having a win win situation cos even if one falls, the other might be the saving grace. Alas! They are almost failing together. Painful.

My conclusion, it's not enough just holding a whole lots of coins, what's important is how promising  they are. Hope this  helps someone..

[pant-79]

I can not judge your choice. The main thing for you to be comfortable, in my opinion, is the only important criterion. Personally, I keep my coins in different wallets. And the coins that I hold for a long time are generally on separate (from any manipulations) wallets. In my opinion this is one of the safest methods.