I read an article where it was stated that:
"To store most other altcoins you will need to download the wallets created specifically by their developers. If youre collecting many altcoins this can be very time consuming and requires additional space on your computer to download all their blockchain data. Youll also need to make sure these wallets are up to date in case there are major upgrades. " It is the last sentance I am a bit troubled about:
"Youll also need to make sure these wallets are up to date in case there are major upgrades. " If you don't do this and keep the wallet updated, can you end up losing your coins?
The article was here:
https://cryptohustle.com/bitcoin-and-cryptocurrencies-for-beginners Actually you are newbie and also I think you never tried it for the store of coins in Thier official wallet .
Actually to put your coins in the official wallet is a better option of making money because few of the coins owner giving the better profit to put coins in the wallets but there is a condition .
Just try to understand with the example , we uses the android apps like WhatsApp , if you are a beta user then you will see weekly new update in the playstore but when you will not update the app for month then ofcourse forcely you need to update the application to continue to use the app for long run .
I hope you understand , and also you should understand that you need daily to run your wallet with better internet connection so that all the transaction goes through wallet and network get supporting easily .