Trading or Holding Cryptocurrencies?

[Imran_Noori]

Holding cryptocurrencies requires so much patience and understanding of the market. Many people mess up by panic selling when they see the price going down. So just like trading, you need to learn about the market and understand when it is best to hold.

Of course, it is better to learn about fundamentals of crypto that you want to buy, learn when to buy and sell your coins and how to be patient when market is down.

 

[Shahid987]

Both trading and holding cryptocurrencies can be viable strategies, depending on an individual's investment goals and risk tolerance.

Trading cryptocurrencies involves buying and selling them on an exchange with the goal of making a profit from price fluctuations. This strategy is best for those who are comfortable with the volatility of the market and have a good understanding of technical analysis.

Holding cryptocurrencies, also known as "HODLing," involves buying and holding onto the coins for a longer period of time with the expectation that their value will increase over time. This strategy is best for those who believe in the long-term potential of the coin and are comfortable with the volatility in the short-term.

It's important to do your own research, understand the risks and make a decision that aligns with your investment goals and risk tolerance.

 

[Abigael]

Of course, it is better to learn about fundamentals of crypto that you want to buy, learn when to buy and sell your coins and how to be patient when market is down.

That is right. I insist on learning patience during the bearish market. Many people have regretted panic selling their crypto then watch them rise greatly the next day. If you had patience and understood the market, you would be swimming in good profits.

 

[Grant]

The problem with crypto is that the value drops a lot. Due to that, I would never hold onto too much of it at once. If you can, sell as soon as you make a profit, or don't buy at all. Most crypto currency doesn't even come close to what Bitcoin does in numbers. It's easier to invest into a cryptocurrency that isn't worth much, but bitcoin is tough to invest in because of how high it is right now.

But most cryptos otherwise, won't come close to bitcoin numbers.

 

[Abigael]

The problem with crypto is that the value drops a lot. Due to that, I would never hold onto too much of it at once. If you can, sell as soon as you make a profit, or don't buy at all. Most crypto currency doesn't even come close to what Bitcoin does in numbers. It's easier to invest into a cryptocurrency that isn't worth much, but bitcoin is tough to invest in because of how high it is right now.

But most cryptos otherwise, won't come close to bitcoin numbers.

No matter how high Bitcoin's price is right now, people still invest in it. This is because it is still volatile. Its price goes up and down. Those who have known how to analyze the market buy it when it is low and sell when it goes high.

 

[Imran_Noori]

That is right. I insist on learning patience during the bearish market. Many people have regretted panic selling their crypto then watch them rise greatly the next day. If you had patience and understood the market, you would be swimming in good profits.

Patience and knowledge about market are two best factors that can help you make good profits even during the bearish market, I am always trying to improve my knowledge about market and increase my patience.

 

[GoldenLady]

After going through the bull and bear market too, I would say none is the right answer. It's very important to study the market, know when to buy and when to sell depending on your strategy. A trader can make more money than a holder if they buy and sell at various points as the price goes up.

 

[Shigobad2020]

I don't really know much about trading crypto currency because I have not master the aspect , but I prefer holding my crypto coin for a long and sellung when i realises the change in price .

 

[Heatman]

There are some coins which I would and there are also others who I trade with. Crypto trading is generally lucrative if you have a very good knowledge of it.

This is exactly in my opinion based on my experience with holding cryptocurrency and trading them because from what I have been able to earn from holding compared to what I've been able to make from trading, it seems our trading is a lot more better for me.

 

[Skysaint]

I prefer trading in the cryptocurrency market more than making investments as I'm someone who's impatient with money and also need money from time to time for my daily needs.

 

[Riberet19]

Honestly this depends on your goals and your skills, if you are not a trader, holding may be enough, since trading and making profits with it is not something you learn from one day to another, in my case for example do both, but I have been trading for more than 3 years and 4 years investing, in both I have made money, but as everything takes time, effort and study.

 

[Heatman]

The best method of making money from Bitcoin currently is by holding the Bitcoin in your wallet and watch it grow, once it grows to your target growth level, then you can sell it. Then you repeat this process over and over again.

When you know how to trade on cryptocurrency, you have the chance to making money more from the trade in a short run than just holding for a very long time. This is the reason why most people are interested in learning how to trade today.

 

[Nomad]

Holding the right crypto coins is risk free. However, there is no certainity on how long you will have to hold your coins to profit. Trading can give you immediate profits. But no matter what you choose to do, either holding or trading, you will have to put a lot of money to actually profit from cryptocurrencies.

 

[Heatman]

The most important thing is for you to use the strategy where you know that you are good in terms of being able to manipulate it to your own gain, otherwise you will simply be doing something that have more chance of making you lose money. When you know the right coins to buy and invest to hold for a long time, it is something that is profitable for you to do and if you have the knowledge to trade successfully and get your profit faster, it is also something that is good.