Trading or Holding Cryptocurrencies?

[Caali]

i prefer for trading because it depends on you trading skills! usually the training period can last for a month or even a year, and even your experience can't guarantee your success! even experienced traders lose

 

[Kiko]

Investors are usually geared for the long-term and are not concerned with short-term price movements. In order words, an investor will bet on the long-term potential of a coin when investing in it, with the intention to sell it and realize a profit in a couple of years. Traders on the other hand, possess a short-term horizon with an emphasis on price movements. Traders are concerned with hourly and daily price movements of the cryptocurrency market engaging in buying and selling of coins with the objective of short-term profits.

 

[Abbas ali]

You don't have to worry about day trading limits on cryptocurrencies because they're not regulated by FINRA or the SEC like stocks and options. ... Sell: You'll never receive less than the amount you enter to sell your specified amount of a cryptocurrency, rounded down to the nearest cent.

 

[Seun4luv]

Crypto currency enables professional traders to speculate on whether the price of a cryto will rise or fall in value, without ever taking ownership of the digital asset. Crypto currency market hours. Improved liquidity. Ability to go long or short.

 

[Nurudeen]

I prefer to hold crypto currency and let it rise for a very long period of time before I sell it off. Reason been that trading with crypto currency exchange Business can be very risky and if as an investor one don't have any knowledge about chart reading it will be hard to sustain the business

 

[Dubai]

Crypto currencies especially Bitcoin recently become a hot cake that has attracted the attention of so many investors Which includes: Banks, organisation, companies and countries.
Crypto currency has become the alternative many uses to make money online or Invest on.

In your opinion should we trade/sell our Cryptocurrencies out or hold/store it in our wallets?

Crypto currency is a means of exchange and it shouldn't be hoarded when it is meant to be traded. Look at the trends of the market and sell at a period that it would favour you. Although, There's a period to hoard but sell when you can.

 

[Zamaney]

HODL is good for new investors is because it potentially keeps them from panic selling at a low and from getting itchy fingers and taking profits before a big run
If you don’t have a solid understanding of the fundamentals and technicals of a coin, and if you don’t understand the nature and moods of the crypto market, and if you aren’t already essentially a pro trader or very lucky…. trading is very likely to result in you losing money.

 

[redpogi16]

I think you can use both tradingg and holdingg. If you have a plenty of time you can trade because trading require a lot of plenty tine because you will watch the graph of crypto and analyze it before you buy and sell any crypto currency. If you does not have a plenty of time and you want to have profit you can uae holding and hold your crypto currency.

 

[ronaldlorenzo01]

I prefer to hold it for a long time and sell it when the time comes. For sure in the next few years, it will 100 times higher. And that time I will be a millionaire. So my family doesn't have any problems regarding their future.

 

[Nabeel119]

the general wisdom of the internet is that HODL is a better strategy for new traders. There is logic in that statement, but more-so both of these strategies are a little dangerous for new traders if executed improperly.
The main two problems being:
HODLers tend to HODL to the top and then back down again (i.e. they tend not to take profits).
Most people aren’t great traders. Especially when it comes to the insanely difficult to navigate and volatile cryptocurrency market.
With that in mind, let’s go over each strategy to get a sense of what one has over the other, how they can compliment each other, and how either can be deployed in isolation successfully as long as we sprinkle in a dash of nuance so we aren’t just holding into the ground or eroding our portfolio with mistimed trades.

 

[Nathaniel]

Its a purposeful misspelling of “hold” that implies holding on for dear life through crypto’s ups and downs. It is solid advice, but it is also much harder to pull off correctly that the memes imply (as HOLDing through 80% corrections takes a level of grit most people don’t have… and 80% corrections are common in crypto).

 

[Thosynho]

Crypto currencies especially Bitcoin recently become a hot cake that has attracted the attention of so many investors Which includes: Banks, organisation, companies and countries.
Crypto currency has become the alternative many uses to make money online or Invest on.

In your opinion should we trade/sell our Cryptocurrencies out or hold/store it in our wallets?

In my view, investing your crypto currency by trading with it is cool because if it's well traded you could earn more and have some save. However, holding your crypto currency through savings alone may earn you little or nothing.

 

[Jimmie150]

Trading and holding both are two different things entirely but I would prefer to hold my cryptocurrency due to many reasons best known to me. But many at times you might be tempted to trade with them in other to make profits.

 

[Damscooguns73]

Concerning trading or holding cryptocurrency. Well, I think an individual can engage in the two options depending on his predictions on the cryptocurrency market. He might want to sell and hold up some of it till the market price rises before selling again or otherwise. For me,I will like to hold on for sometime before selling

 

[Olahab]

Buy-and-Hold Tips for Trading Cryptocurrencies If using stop losses, don't place it too close to your entry. Leverage should be minimized or no leverage should be used. Holding leveraged cryptocurrency trades for months or years can be costly. If possible, take advantage of pullbacks to get a better entry price.

 

[Adetayo100]

Trading Cryptocurrencies If using stop losses, don't place it too close to your entry. Leverage should be minimized or no leverage should be used. Holding leveraged cryptocurrency trades for months or years can be costly. If possible, take advantage of pullbacks to get a better entry price.

 

[Klismannm12]

Before one would be able to venture into cryptocurrency holding or trading let him or her first make the feasibility study ,most times it best we learn with our small money and witness how it works and how it's done to avoid getting our fingers burnt.
[automerge]1612123407[/automerge]
Before one would be able to venture into cryptocurrency holding or trading let him or her first make the feasibility study ,most times it best we learn with our small money and witness how it works and how it's done to avoid getting our fingers burnt.

 

[Mujahid12]

Crypto currencies especially Bitcoin recently become a hot cake that has attracted the attention of so many investors Which includes: Banks, organisation, companies and countries.
Crypto currency has become the alternative many uses to make money online or Invest on.

In your opinion should we trade/sell our Cryptocurrencies out or hold/store it in our wallets?

If you have lot money then the best option is trading. If you do not have much money then I will advise you that you should hold it your coin And should wait for long term till the rate of that coin increases .

 

[Patrik]

i would say hold cryptocurrency first till it increases in price so you can make easy profit for no effort, but in the same time, learn about trading, because it's quicker profit even if risk exists in it

 

[Kelvin7656]

Those brand new to cryptocurrency investing are often better off averaging into a position and holding rather than trading. However, each tactic has its perks and pitfalls.

We discuss the perks, pitfalls, and strategies of trading vs. HODling and offer some opinions and insights.

What is HODL? Its a purposeful misspelling of “hold” that implies holding on for dear life through crypto’s ups and downs. It is solid advice, but it is also much harder to pull off correctly that the memes imply (as HOLDing through 80% corrections takes a level of grit most people don’t have… and 80% corrections are common in crypto).