Hodl Vs Trading?
Hey Guys, sorry for my inconsistent upload scheme, but I had a lot of studying to do, but now I am back!
Pros and Cons of Trading and Hodling
There are many benefits to both Trading and Holding and I will try to cover them. The best thing about trading is that you can minimize losses and maximize the gains if you get a better purchase price than you sold. But this is of course much more risky, especially for beginners who have just come to the krypto market. Hodling in the longer term one more safer tactic and maybe not giving as much gains but providing better security and no need to be updated 24/7 at the price of their Cryptos
My Oppinion and Conclusion
In this state of bearish I am hodling, until my portfolio and my Cryptos hits an ATH and i will considering trading some percenteges to tether to later buy in at a lower price. Almost everytime after we see an ATH of a certain Coin/Token we see a drop of like 20% or more. So my quandary will be to either Hodl or sell at as high as possible and trying to get more gains.
In fact the only way to Increase your amount of a specific coin is to trade, but that could aswell work the same way around. For example if you sold all your ETH at $1300 and bought in at the recent drop at $600 you would more that double your ammount of ETH. But that is a dream scenario, and it could aswell be the opposite and you would lose. I will try to trade some next time ETH if/when it reaches $2000 and will try to get an better price.
What Do you Guys think? Do You Hodl or Trade?
)
Absolutely, HODL as the market's trajectory will skyrocket.
I agree. Better to be safe then sorry. HODL'ing my Litecoin. Cheers.
welcome back :)
Thanks man! I will try to post something interesting everyday to learn more myself and also educate others!
I think the best trading people can do is figure out the highs in cryptos, take some profits and figure out the next entry point to get back in. Day trading at these low levels is very risky right now.
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STOPSounds about right. As long as you have a plan and stick to it.
Good luck! See you at the exchange👀
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Currently in HODL mode as well :) #bpositive
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STOPCongratulations @alexwik! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
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STOP