Get in my shoes for a minute

[Marvelman]

I wouldn’t buy a hardware wallet unless the amount of your bitcoin investment is hefty, say a few thousand dollars and up. Though I would never advise for any investor to not have an offline wallet.
Regarding your investment in altcoins, make your own decision. Personally, I am a true believer in bitcoin, altcoins are just distractions from my main target. I think some altcoins are just useful, but in no way being a substitute to the largest crypto currency in the world.

[Rikafip]

I wouldn’t buy a hardware wallet unless the amount of your bitcoin investment is hefty, say a few thousand dollars and up.

I don't think that someone has to have thousands of dollars worth of crypto to buy hardware wallet, if he plans to stay in crypto for the longer period of time. Back in 2017 I was hacked and I lost 90%+ of my portfolio, leaving me with only few hundreds of dollars worth of crypto. Since I knew that I plan to keep buying bitcoin on the regular basis and that I am into it for the long run I bought hardware wallet anyway, just to be safe.


@OP no need to spend ~$150 on a hardware wallet, there are cheaper and reliable alternatives.

[nakamura12]

Just use Electrum wallet. There are guides in this forum and on the internet about what you want with your wallet either you make it into cold wallet or not. If you want to own a hardware wallet no matter how much btc you have either a hefty sum or not then you should buy it and invest when you have $300. If not then you can buy the hardware wallet later on but you can only use cheaper ones or free alternative wallets like electrum for now and sell some of your bitcoin once you earn a profit from your investment.

[Yamifoud]

Now that the bear market is here I have only 300$ to spare, looking into buying some altcoins for long term hold, I've successfully acquired some Bitcoin though but I want to get a ledger nano x wallet, what should I do in this case? Nano x is 150$ I guess, does it make sense to buy Nano x now or buy altcoins now and Nano x later.

If you have a plan to buy more Bitcoin and will hold long-term, then it was a good idea indeed. But if you don't, you will just use an electrum wallet or other legit online wallets, not an exchange wallet.

Procuring a hardware wallet is somewhat like an investment as well, it is expensive, yet it was secured but that was not ideal if we just put a small amount on it. Rather than thinking of buying nano X, better to give priority to buying more coins while prices are cheap.

[Myleschetty]

Now that the bear market is here I have only 300$ to spare, looking into buying some altcoins for long term hold, I've successfully acquired some Bitcoin though but I want to get a ledger nano x wallet, what should I do in this case? Nano x is 150$ I guess, does it make sense to buy Nano x now or buy altcoins now and Nano x later.

Going for the ledger nano x wallet will be the best decision. If you cannot secure your previous investment because you don't make use of a secure wallet there's nothing guarantee that you won't lose the new altcoin you buy with the money since your plan is to save the coin for the long term.

[sunsilk]

Spare the Nano first and buy bitcoin.

Take this moment to have that advantage of buying bitcoin. It's now $26k and we don't know if it's already the dip or if there will be a lower price but as looking at it, very good time to buy.

You can use electrum, wasabi or samourai, or bitcoin core as of the moment and then just follow it up by buying your nano soon. That's what I think is a good thing to do for now.

[Bhig Daddy]

If you only have $300 on hand, it's not a good idea to purchase a hardware wallet at this time. The phrase "be greedy when others are afraid" refers to the current state of the market. Instead of purchasing a hardware wallet, you should use that money to profit from the current situation or, more likely, wait until you have $1,000 that is entirely yours.

[Mpamaegbu]

@OP no need to spend ~$150 on a hardware wallet, there are cheaper and reliable alternatives.

That suggestion would've been more beneficial to both OP and the rest of us if you mentioned any of the cheaper and reliable alternatives. It's so to enable interested parties know what names to look out for.

As for OP, if all you've now is mere $300 I don't think it will be a nice idea to split it to buy a wallet. I suggest you ploy all into buying alts at the moment.

[Rikafip]

That suggestion would've been more beneficial to both OP and the rest of us if you mentioned any of the cheaper and reliable alternatives. It's so to enable interested parties know what names to look out for.

Obvious choices are the two most popular ones: Trezor Model One for ~$85 and Ledger Nano S Plus for ~$80. If I am OP. I would buy one of these two and use the difference to buy more bitcoin.

[khaled0111]

^^
There is also KeepKey which isn't a bad hardware wallet either and it costs only $49.
If you have a limited budget, slike in OP's case, I don't think spending money on a hw wallet is a good idea. Just use a reliable software wallet which you can get for free.

For some reason user Bhig Daddy bumped this three months old thread,  so not sure if OP is still interested in new suggestions, anyway.

[Mpamaegbu]

~snipped~

Obvious choices are the two most popular ones: Trezor Model One for ~$85 and Ledger Nano S Plus for ~$80. If I am OP. I would buy one of these two and use the difference to buy more bitcoin.

Thanks for your swift response. It's the reason we've guys like you in the forum who keep educating us for free. We will keep appreciating this kind gesture.

Yes, quite alright Bitcoin stands as the surest crypto that won't die or vanish into thin air but you've to also realize that there are people who don't like hodling it for anything. They don't have Bitcoin in their portfolio. I've a friend like that. He feels Bitcoin is slow on ROI unlike alts. To a great extend, I think he's right. Perhaps, OP is one of such people too.

[Dunamisx]

Now that the bear market is here I have only 300$ to spare, looking into buying some altcoins for long term hold, I've successfully acquired some Bitcoin though but I want to get a ledger nano x wallet, what should I do in this case? Nano x is 150$ I guess, does it make sense to buy Nano x now or buy altcoins now and Nano x later.

That $150 you will spend in securing a hardware wallet is the best idea to follow than risking your assets on shitcoins investment that are feebles as the chase of of an air, the risk in alts is far greater than the benefits to take from it, the nano x wallet will serve you a long time purpose with maximum security on your investment assets than shitcoins investment, the only investment that make peace with the investor is on bitcoin, alts were just a showcase of waste of time because they appears as feeble things that cease from existence within a shortest period of time.

[Takyeon]

Imagine spending over a hundred dollars on hardware wallet to store shit coins, I am better off with an Electrum wallet, if you can store your private keys in a safe location you won't have any issue or what so ever.