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Trading or Holding Cryptocurrencies?

  • Thread starter Thread starter WhiteHouse
  • Start date Start date
I prefer holding cryptocurrencies because you dont have to watch the market everyday , you can watch it once in a week or so. Holding for long run is the best thing you can do with popular cryptos like BTC , ETH , BNB.
 
Both trading and holding currencies are two ways of making money in the cryptocurrency world. However, it is far more convenient to hold a profitable currency than trading
 
Both trading and holding of Cryptocurrency is highly profitable, it depends on the preference of the investor. I love buying and holding for long, cos it gives me more confidence than trading.
 
Holding cryptocurrencies in your wallet just like that is a way of investing in the Coin and hodl it. Either way, wether you hold it or sell it, it should all end in a process that should be profitable to you.
 
When it comes to short-term investment, I believe that trading crypto is a much better option. This is because cryptos are volatile and it is better to trade and gain profits. When it comes to long-term investment, I think it is much better to hold cryptos. However, sice cryptos are volatile, holding cryptos is much riskier.
 
Nomad said:
I am with holding for a long term. However in order to hold crypto currencies, you need to be financially stable other wise you may not be able to hold for too long.
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It is best to trade cryptocurrency than to hold cryptocurrency because when you trade in cryptocurrency you have every possibility to make profit.
 
Richard92 said:
It is best to trade cryptocurrency than to hold cryptocurrency because when you trade in cryptocurrency you have every possibility to make profit.
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Do you really know what exactly is crypto trading? Don't fake yourself. Buying and selling $10_$15 worth of crypto do not make you a trader, Crypto asset is for long term investment.
 
Anis Boukezzoula said:
I think this period is better to hold the crypto especially bitcoin because all predictions are saying that this last will hit 20000$ soon so you can make profits if you will sell it later.
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From my observation of the crypto-currency market I can see that the best way for one to make enough profit or return it by holding your cryptocurrency for a very long time.
 
Ralphjoe said:
From my observation of the crypto-currency market I can see that the best way for one to make enough profit or return it by holding your cryptocurrency for a very long time.
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I prefer to hold cryptocurrency than trade in it because most times trading in the currency are sometimes risky and you must know the dos and don't of the business before go engage in it
 
Both are risky especially when the market is dipping down. But at the meantime I prefer holding until my knowledge grows before I'll consider trading.
 
it depends on your plan, if you are good in trading it will be good because. cause it is the best way to increase your earning. so i love trading. but if you are a novice or afraid of losing money just start holding
 
I do the both when it come to HODLing and trading cryptocurrencies. I trade crypto for intant profit making purpose when I see the opportunity for it and also HODL for long term too
 
WhiteHouse said:
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?
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Sometimes you can sell your botcoin in case you need money to do something and you can only get it by selling some of your bitcoin but you might need to keep it in case bitcoin rise to get profit
 
Richard92 said:
I prefer to hold cryptocurrency than trade in it because most times trading in the currency are sometimes risky and you must know the dos and don't of the business before go engage in it
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You are actually concur with me and the fact that holding cryptocurrency is much more profitable than actually trading it on a daily basis.
 
WhiteHouse said:
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?
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Hmm.... The crypto currency, we recently things is an hot cake is beginning to fall gradually. Earlier Today binance UK released a statement of incoming ban over there traders.
 
Dowenship said:
Hmm.... The crypto currency, we recently things is an hot cake is beginning to fall gradually. Earlier Today binance UK released a statement of incoming ban over there traders.
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To me I prefer to hold cryptocurrency and to trading it because most times lyrics is when you are trading in cryptocurrency know when you hold it it doesn't required so much risk
 
Richard92 said:
To me I prefer to hold cryptocurrency and to trading it because most times lyrics is when you are trading in cryptocurrency know when you hold it it doesn't required so much risk
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But this have nothing related to what i said earlier, meanwhile in cryptocurrency you can decide to hold for long or trade, its what best for you you do.
 
Josephjossy said:
it depends on your plan, if you are good in trading it will be good because. cause it is the best way to increase your earning. so i love trading. but if you are a novice or afraid of losing money just start holding
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What I understand with holding is buying a crypto coin and letting it rest in your wallet. But when the price goes up substantially then you can also sell that. Am I right on my assumption? The issue now with crypto is the dropping of the prices and we do not know when the price will stabilize.
 
I have not mastered the art of cryptocurrency trading just yet. That is why I prefer just holding it. But I know trading is so much profitable if done well with skill. That is why I want to take time and learn.
 
This is a complicated question. I have never missed a chance to sell and then reenter at the dip. In some cases, my calculation has gone wrong but mostly I got the benefit. For instance, I sold 8000 Dogecoin @6+ cents which later moved to 70+ cents. However, I had paid nothing for my Dogecoins so whatever I got was my gain.
 
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