If Litecoin Cash gets a lot of attention, the price of Litecoin will rise until the hard fork and then a correction will occur. If previous BTC forks are any indication. LTC is INMHO a cryptcoin to hodl.

How do you hodl your LTC? Hardware or desktop wallet? If desktop, which one?

That is what it says on Litecoin Cash website, a 10:1 claim ratio: https://litecoinca.sh/

So, which desktop wallet is safest, best, easiest for keeping Litecoin and own the private keys?

• Jaxx
• Electrum-LTC
• Exodus
• Other

No need to get shouty. No one said anything about investing. It is about being able to claim new coins in the future after a hard fork. If someone wants to fork LTC, they can and there is nothing Charlie Lee can do about that. I am not recommending people should claim Litecoin Cash, it is just nice to be prepared and keeping your options open.

@henryfekok

Yes, I know that, hard forks of popular coins who keep the name are suspicious. I am not saying I am going to claim my Litecoin Cash, I just want to be able to claim it if in the future I want to do it.
I have claimed my Bitcoin Cash and I am glad I did. I haven't claimed any other Bitcoin forks yet, but I can if I want to. I want my LTC away from an exchange in a wallet (desktop) where I own the private key.

Sunday around 9pm UTC there will be a hard fork from Litecoin: Litecoin Cash.

All people who own Litecoin (and have the private key) will be able to claim 10 Litecoin Cash for every Litecoin they own.
Aside from the motives of the forkers (honorable or a get rich quick scheme) what should LTC owners do?

What to do if you have your Litecoins currently on an exchange? Which desktop wallet is best suited for storing your Litecoins safely and claiming your Litecoin Cash?

What the hell happened? Apparently BTC and altcoins all went up at exactly the same time.

I am not asking which coins to buy or sell, I am asking for some advice on the tools for the job. Exchanges, wallets, ...

Several responses, but not what I was hoping for. I have BTC that I want to hold on to. I don't want to buy more BTC just to exchange them for some altcoin. I want to buy altcoins directly.

1. How to buy altcoins directly?

There are litebit.eu and changelly.com. There must be others. Any recommendations?

2. How to hodl altcoins?

Which desktop or mobile wallet do you use for your altcoins? Jaxx, Exodus, Coinomi, ... Preferably a wallet where you are the owner of the private keys.
If you temporary store them on an exchange, which ones do you use? coinpayments, kraken, coinbase, poloniex, ...

3. How to trade altcoins?

Which exchange do you use for trading altcoins? How much hassle is the registration process nowadays? Which documents are required and how long does it take?

Lots of people have discovered cryptocoins lately, but buying bitcoins and altcoins is not without its risks and problems. The same goes for hodling them and selling them. So use your experience to help out newbies and maybe get some fresh ideas from your peers.

Buying bitcoins 4 years ago I experienced some problems: I live with my parents so I couldn't verify my address because there are no bills with my name on (gas, electricity, water). I tried to register at several exchanges, sending them a copy of my ID-card, giving them my phone number, ... only to fail to register because I couldn't send a copy of a bill. I didn't and don't feel comfortable giving so many companies a copy of my ID-card. In the end, Localbitcoins was the solution for buying bitcoins.
Now, I want to buy altcoins, but there are some problems as well.

I want to buy altcoins without having to sell any of my BTC or having to buy BTC first. Where and how can you buy altcoins with a VISA card or
paypal or ..., but without a lengthy registration procedure?

There are thousands of altcoins and tokens, and for most of them there are no desktop wallets available. How do you manage or hodl your altcoins? For some there are desktop wallets, that way you own the private keys, but for others you have no choice but to keep them in an online wallet. Does the availability of a desktop wallet or ownership of the private key affect your choice of which altcoins to buy? Which wallet do you use for a specific altcoin?

How do you sell your altcoins if you want to get rid of them or swap them? Do you sell altcoins for money or do you exchange them to BTC
first?

SUMMARY - THE THREE QUESTIONS:

1. How to buy altcoins with a credit-card or paypal and with a minimum of hassle?

2. How to hodl (specific) altcoins in the most secure way?

3. How to sell altcoins?

Thanks

In Nederland ja, in Belgie koffiedik kijken.

Welke regering? Als de USA plots de BTC blockchain onder controle zou krijgen gaan andere landen daar niet mee kunnen lachen, zoals Rusland, China, Venezuala, ... Als Rusland en/of China door massaal te investeren in het minen van BTC (en verwerken van transacties) meer dan 51% controleren en het gebruiken, hoe zal uncle Sam daar op reageren?

In multibit kun je je private keys laten exporteren (zonder encryptie). Je kunt deze dan importeren in  Electrum (New - Standard wallet - Use public or private keys). Geen transactiekosten. Maar je hebt je private keys dan wel zonder encryptie op je harde schijf staan.
Dat is dan geen speciaal beveiligde Electrum wallet. Best om ze dan over te schrijven naar een nieuwe wallet met seed. (Wel transactiekost)

PS: Je kunt dan meteen ook van de gelegenheid gebruik maken om je Bitcoin Cash te claimen.

Gaat niet over het controleren van BTC en altcoins, maar duidelijke richtlijnen over hoe, wanneer, wat en hoeveel belastingen je moet betalen.
Wat bij minen? Wat wanneer je niet trade maar hodl? Wat wanneer je dagelijks koopt en verkoopt? Wat wanneer je jaarlijks eens koopt of verkoopt?
Dan kun je je vermogen beter beheren. Als je omwille van de hoge en grillige koersen, een deeltje naar een veiliger belegging wilt overhevelen, dan zal een 30% of een 10% belasting toch wel een invloed hebben op je beslissing over hoeveel BTC je zult omzetten in €.

I would like to diversify into altcoins, but I would also like to limit the number of wallets I need.
I would prefer desktop wallets where I control the keys, where I am in control, but I wonder if that is even possible.
For Ripple the only way to be in control is the hardware wallet Ledger Nano S.

So, how do you buy and manage your altcoins?

I don't mind leaving it on an exchange for a short while, but for safety reasons I would like to be in control. I looked into ledger today, but apparently they are experiencing infrastructure problems. If their server goes down or they go bankrupt, will I still be able to access my coins?

How do you decide which altcoin to invest in?

Do you take ease of management into account? A multicoin (desktop) wallet?
Do you take security into account? Do you own the private keys?

Is it possible to buy altcoins directly without buying BTC first? If so, how?

I have some CLAM that I want to swap for another altcoin. Clam has some potential for growth, I got it for free, but I am not interested in it.
Which top 25 ranking altcoins are an interesting investment? Additional criterium: has to be supported by a secure multicoin (desktop) wallet, where I control the keys.
Alas, that kinda excludes Ripple, Monero, ... I do not want to install a dedicated app for each altcoin.

Another question. I cannot register on certain exchanges because I cannot prove my residency. Well, I can with my ID card, but not with bills. How can I buy altcoins without buying BTC first on localbitcoins? With BTC so high I don't want to buy BTC just to exchange it for other altcoins and I want to HODL my current stash of BTC.

I am currently more looking for a desktop wallet, but given the earlier responses I think I am going to look into hardware wallets.

Hi, I am looking for an altcoin wallet and these are the wallets I found. Criteria for selection was that they should be able to hold at least 5 different coins. If you use more than one, no worries, you can vote twice. The poll is open for 7 days.

I like what Clam is doing right now, a slow but steady recovery after the beating it took little over a month ago.
When I first bought bitcoin, November 2013, at $800, it subsequently dropped and it took 3 years to recover.