Bitcoin Forum

I want to know the opinion of our community that which is the best option. Just do both trading and holding. You need to trade most of the bounty tokens/ coins 🪙 to exchange with the top altcoins bitcoin. And hold the potential altcoins to wait for the raise of their price. I do this way to gain more benefits from the values of the coins/tokens.

Do you hold altcoins, and how much profit did you make? If only everything was that simple. Most of your altcoins will turn to dust very quickly. When it comes to trading, without knowledge, your ardor and your ideas are also going to be disappointed.
The easiest and most working option, if you are a beginner, should start with Bitcoin. Buy and hold. But if you're hoping to stick to a trade-and-hold strategy with altcoins, then this path will lead you nowhere.
And never again believe that you can live completely on the profits from the bounty, these are illusions.

Yes, that's quite similar to what I did when I first started out. Whenever I received an airdrop with an existing value, I immediately sold it for Bitcoin, as most of these airdrop tokens can become worthless over time. After that, I primarily held onto Bitcoin, regardless of its price, unless I urgently needed some money.

As for trading, I believe it can only benefit you if you truly understand what you're doing. Trading isn't as simple as buying low and selling high because you're competing with other individuals who may be more intelligent, corporations that have greater access to information they can use to their advantage, people with more experience, connections, or wealth than you.

Therefore, you can't just jump into trading right away, especially if you're unsure of the process to become profitable in the long run and make a living out of it. But hey that's just me.

It makes no sense to hodl altcoins that you received from the bounty, since their price will tend to zero. Buy bitcoin and if you know how to trade, try to increase their number in your wallet. If you are not familiar with trading, then just hodl BTC in your wallet.

Good question from a newbie! Trading and investments are so much related and according to my experience, it's good for one to do the two together. Holding is an investment whose risk is minimal compared to trading whose risk is higher. If you invest in Bitcoin as an example and hold it for a reasonable length of time, you will highly likely gain something from your investment. All it needs are your patience and the investment should be done at a reasonable price.

But you need good expertise in trading to gain from it. You must be speculative, managerial and even lucky to consistently gain through it. The chance of newbies losing all their money in trading is high unlike in holding (investment).

I recommend holding Bitcoin but you can trade with altcoins because they are worthless any way and if you make mistakes trading altcoin it probably will not be much. Bitcoin trading is different because it is worth something and trading can be difficult. I would recommend to not trade unless you have trading experience. I would not call trading shitcoins experience because it is playing with worthless money.

Holding is better than trading.

Doing both will lead to a most common and terrible mistake: you store your bitcoins on centralized exchange and do both trading and holding there. In practice, you will not know what part is for trading and what part is for holding. You misuse a holding part for trading very likely and it's start of nightmare.

Bounties are very useless and waste your time.

Potential altcoins? You will hear this term very popular in bull markets but months later in bear market, you will see them fall to the hell very easily. Terra LUNA, FTT token from FTX exchange are biggest examples in the current bear market. Yeah, we are still witnessing a bear market.

How many times have I heard this question, but now --there is something different with your question.
There is a complex one that depends on individual circumstances and risk tolerance for both options, it depends on different strategies that may be suitable for different people. Trading in crypto can be a profitable endeavor, but it requires a significant amount of time and effort to be successful. Traders must have a deep understanding of market trends and be able to quickly adapt to changing market conditions. While holding it can be a more passive approach to investing. This strategy involves purchasing coins with the expectation that their value will increase over time, especially bitcoin not altcoins or those new coming projects like hyping their fancy tokens.

The two options were good and advisible preference to make, all that is needed is to understand how it's been done, but i will add to this that you shouldn't hodl altcoins for long, they may fail atimes if the oroject does not work as planned considering many of their kinds gone already, if you're to hodl, then focus on bitcoin, kearn about trading as well, it's another fast means of making profitable investment within a short period.

If this is true why do members rush then to involve themselves in bounties as you have said of its worthlessness? Is it that they do not know or they just want to do it and been seen as members wearing campaign signals? This is not only minutes to new members because I have seen high tanked members who are also involved in bounties.


This is a valuable advice and will work out well for those who have their focus on holding for a long time and not those who sell almost immediately they bought.

If the token/coin that is get in the bounty then it is better to exchange it on bitcoin it will maintain value than other altcoins I do not recommend staying on altcoins because it tends to be worse because the value in the market is uncertain, I thought it was the same as the coins that were obtained for the first time but in terms of experience then bitcoin is the main suggestion.

About trading, you have to have the skills to do it, if you can do it, it doesn't matter or be accompanied by both between investing and trading, but keep in mind there are several methods for trading that are correct and neat, that's what beginners need to understand.

But usually for beginners it's better to hold on to bitcoin.

I used to hold a lot of tokens/altcoins of bounty campaigns in 2017, and as you know, all of them are trash and useless now. So what you are doing is right, never hold tokens from bounty campaigns, they will soon turn into junk, so convert them to bitcoins as soon as you get them. You should also be careful with top altcoins, there's no guarantee they won't crash like junk tokens, only bitcoin is the safest.

If you are talking about the bounty token, then I will suggest you sell it as soon as the token is listed in the Market. If you hold there is a big chance you will get 0. So it's always better to trade it immediately and hold the other potential coins like BTC, or ETH if you want. Before holding the coins you must have some trading knowledge.

It is not different from the stock market. Both are subject to approximately the same criteria.
In a changing world, we will all keep what we choose from reliable stocks or cryptocurrencies forever, but the reality is that very few stocks / cryptocurrencies are worth holding for decades, and experiences also prove to us that fewer investors are smart. enough to enable them to buy the shares of these companies only and ignore others or choose a currency over others.
In general, if it becomes clear to you that you were wrong in your analysis from the beginning or that the reason for which you invested in it no longer exists, then perhaps you should not hesitate to abandon the stock / cryptocurrency and end your losses before they worsen.

I earn most of my crypto profits through holding for a month of all my bounty tokens before I sell it. Selling it right after the initial release is useless that time since exchange listing on huge CEX is the one gives price boost and not the initial listing on small exchange. Things only change on the current bounty campaign since most of the crypto project running bounty campaign is worthless. The majority of quality project is using launchpad to collect investment funds that’s why bounty campaigns is not that popular marketing to gain investors due to the existence of launchpads. Selling the bounty tokens immediately is the right thing to do and purchased top marketcap couns like Bitcoin and Ethereum.

If bitcoins is risky to hold and invest then Altcoins is very risky if a beginners want to invest or hold then best option is bitcoin which is the number 1 cryptocurrency in the world trusted enough and it's recommended to newbie in investing. Because when you hold altcoins then for sure there's a big chance that your coins will be loss forever like the value of altcoins from gold into ashes and also it's hard to find a good altcoins nowadays that will give us good amount of profit someday.

You already know what you must do so just keep that moving and be consistent and always get to have bitcoin. You might have some good potential altcoins to hold after dumping all of those bounty tokens or coins. But you should also be prioritizing having more bitcoin with those gains or before you buy another altcoin, don't settle for not having bitcoin for every purchase you make. Because that's the best strategy that someone can do and based on my experience, it is really the best thing to do.

It depends on the experience of the individual. Not everyone will be smart enough to know which Altcoin has potential to do well in the future. For an experienced trader who can do both trading and holding at the same time and still stay in profit they can go ahead. But for inexperienced or novices in the crypto business it is better they stick to holding Bitcoin, If they can earn other tokens/coins they simply swap to Bitcoin and hold because it is better to grow sluggishly that have all your sweat thrown in the dungeon.

To answer your question about trading or holding really depends on how you position your options. If it's bitcoin, do both at the right time.

Most tokens/coins are just trash, you will never benefit from being involved in them, let alone the holding pattern you use. While Altcoins are also almost close to tokens/coins, that means they still have the same opportunity if the Holding concept is applied, The only possibility is Holding Ethereum but would not dare to recommend it in the long term.

Try to get involved and understand bitcoin because it is much better and has given a lot of evidence, although in very small cases there are some people who are successful in investing in potential altcoins like Ethereum or BNB in the long run.

I know this from my experience of participating in such bounties. For several years of participation in such bounties, there were only a few that really brought a good profit, but I repeat there were too few of them.  And the probability that you will be lucky with the choice is too small.

Do people really make it big out of alt coins ?
I mean people who aren't members of a team or neutral persons who have no inner conversation about tye project really make it big out of those coins?
Personally I see all altcoins as shit coins and possible scam projects and that's why I will never advice anyone getting into investing in this shut coins or do so at the expense of their hard earned Money.
Bitcoin has been one of finest cryptos to invest in and as a newbie, I will advice that rather than getting into altcoins as a beginner, you better still get some Bitcoin and hold over some time while you acquire the necessary knowledge to dive into the industry fully.

I usually convert airdrop/bounty tokens to top coins in the market like BTC, ETH, or BNB a newly generated coin is very highly volatile and sometimes the prices is going down so fast.

and back to the question Trading or Holding

Why not both ! hehe. I usually spare some crypto and hold it or stake it and do trade in the futures market but now I spot only since futures are crazy and spot is much safer but when it comes to trade you must understand what you do, since volatility in crypo are real if you don't know about trading you can end up losing your money.

That's probably the best way to do it. If you are doing bounty and are actually paid with their own tokens, you don't keep those tokens for long. It's certainly wrong to be greedy and loyal and hopeful on those bounty tokens. While they have a little possibility to grow big, majority of them will just simply wither and die. So as soon as they get admitted on exchanges and gain value, decide to sell them, for Bitcoin ideally. But if you wish to trade with other altcoins, choose the most solid of them all.

Trading and Holding can be done by everyone who already has money and assets in crypto, you can trade on tokens that you get from prize programs or from airdrops. But it will be more specific if you exchange the tokens you get from any prizes to altcoins with more potential and even to Bitcoin for you to hold for the long term. Because it will look better than you keep trading with reward tokens whose potential will not always be the same as other top altcoins.

Or you can also do another way by taking half of the assets from the token that you have for you to exchange it for Bitcoin and the other half for you to exchange it for the top altcoins that are often in demand by many people for you to trade on a daily basis. I think it can also be very good for you because you can do two jobs at once such as trading and holding at the same time.

In my opinion if you are getting the coins or tokens from bounties and you are going to hold them so I think this is not good. I will suggest if these coins or tokens are listed on any exchange so deposit them to the exchange and exchange them and buy only Bitcoin and hold tight for good profit. Bitcoin will never disappoint you if you are trusting on it.

Yes, that works if you want to profit from trading.
And that is also what many people have done from trading while also investing in bitcoin, which can provide more profit when the price of bitcoin increases.
But to trade altcoins, you may have to spend more time learning because not all altcoins can move together, which is only for certain coins.
After getting the bounty token, you need to sell it at the highest price to get a profit in the form of bitcoin or ETH or BNB and you can hold ETH and BNB until the price of the two coins rises high, then you sell the ETH and BNB to get BTC or USDT.

If you have a lot of free times then you could simply do trading but if you are busy person then why not become an investor who just doing dca or holdinng coins for long term. You doesnt even need to check the market price or position from time to time since you are aiming for longer timeframe. Yes good mindset to sell bounty tokens to a more proficient projects. Im sometimes do that if I can see that the bounty tokens doesnt have potential.

It is very encouraging to hear that are saving your income in the forum and investing them in the crypto industry. This portrays the fact that one can earn Bitcoin. But I have heard of the fall of many coins and exchanges that is why I am scared of investing in any coin apart from bitcoin. Bitcoin has been in existence for a long time and it has been consistent. It is better to invest in only bitcoin and keep your investment in a hardware wallet. Also, most of these altcoins are developed by crypto scammers that want to fraudulently swindle people of their funds. That's why it is better to stick to Bitcoin.

You should continue to stick to your strategy by investing in bitcoin, as such an investment is less risky than investing in altcoins. But this does not mean that you cannot invest in altcoins. When you get more knowledge and experience, you will certainly pay attention to altcoins, since the profit that you can get from such investments is many times higher than the profit from bitcoin.

The Investment in Bitcoin and alternative coins are risky.
But what matters is the level of risk that is involved in each of them.
It has been proven over time that the Investment in Bitcoin is less risky than the investment in the altcoins.
But what happens with alternative coins is thay hey can make antone rich overnight and the disadvantage is that they can also make anyone poor.
Investment in alternative currency is just like a gambling and only those who have good experience about them can make good money from it. Others will lose their money over time.

My comment was not arguing what you said in your post. You are correct. And as someone who has done bounties severally I have been cheated too. I was only showing my surprise why members still go for bounty hunting when they know that the chances of making something out of it is very low but they still do it. This is what makes me confused. People doing things they know will not be of benefit to them. That maltreatment keeps increasing there but nothing is done to end it.

I have only gotten rekt trading in the past. I don't even want to think about how many sats I lost all those years ago.

From here on out, the only trading that I do is when I trade fiat currency for sats in any way that I can and then HODL.

I always trust trading more than holding. Because trading shows that coins are bought and sold according to the market, but holding means buying and keeping a coin for a long period of time. And I think it is much better to trade in short term than to hold for long term. So I think trading is better than holding.

When I started on my journey in trading I separated my funds into two for trading and holding. 50% is the bitcoin I am holding and the other half is what I trade for different alt coins. Sooner I will add up to my holdings because obviously bitcoins has the best potential compared to all coins. I can suggest that you should not put all your funds on trading since it is way more risky than holding (when holding potential coins)

Obviously, they have heard about some successful projects that have conducted their bounty program on the forum and think that they will also be lucky. But a lot has changed since then and I haven't heard about successful bounty programs lately. If I were them, I would now pay more attention to tasks in the test network, which, like bounty, does not require financial expenses.

I see what you are doing is quite risky, I have tried to do that (altcoin trading to buy bitcoin) but I actually lost big, at that time I tried to buy a defi token in the hope that when the price continued to rise then I would buy bitcoin but in reality, it didn't Thus, the price of the token continued to fall and I suffered a huge loss.

everyone has a different formula for getting profits either by trading or holding but if you have no skills at all in trading then holding is the best choice. I'm doing trading and holding right now (for holding I'm focused on bitcoin) but I'm not a day trader, I've tried being a day trader but don't feel like it's working for me. 

Without proper technical analysis knowledge I won't suggest anyone to go for trading. I will suggest wait and buy the dip. As low as you buy and hold you will receive more profits. And doing daily trade is for only professional experienced traders.

Although trading on significantly greater risk than holding. When holding, the majority of traders think that trading offers a higher return. We advise investing in both styles as a result. Certain investments are more advantageous for years to come, while others might yield high returns in a couple of hours (if you trade correctly).
Benefits of holding In general, the majority of people believe that trading is more lucrative. Trading involves a larger fee and a bigger chance of losing money, it should be mentioned. Trading generates earnings right away, however holding takes longer to produce big profits.

Hold trading does not, in addition, have the same dangers as trading. Profitable and odds of success  not the same for Everyone.

I want to know how the test network thing works. Please can you tell. Does it involve some type knowledge and skill to execute? Am interested if you can direct me what to do.

I think all types of trading have almost the same risks. Lose money on the coins you hold because the price drops or delists from the trade. For those of you who want long-term hold trading and feel safer I don't think there is always a risk in the end. Besides mentally, if you do not choose the right coin then bad situations such as price drops, delists, coins cannot recover to the best price. So there is a possibility that short-term trading will be more profitable than long-term hold.
So I will conclude that both have risks, but I as a trader always take the most comfortable position I feel in trading. I'm not going to be dominant on one way traded, it's more profitable.

I think you need to use Google to figure out what a test network is. You can use the manual for their execution - https://airdropclaimers.medium.com/, which I use very often myself. The tasks in the testnet are very similar in different projects and having completed several tasks in accordance with the guide, it will not be difficult for you to perform them in the future even without instructions.

It's not easy to choose an altcoin that has the potential to be traded and profitable, sometimes it's much more difficult because you have to analyze it first so it requires strong experience to understand and choose in trading, but for beginners I think this is a difficult way where they have to struggling in trading where there is no experience it will be a loss and a trap and cannot return the capital back, but by means of professional trading and being able in his skills it is possible to get used to doing that.

But the way that is simple and can be done by everyone is holding, he might just buy and then save it. If there is a free token from the airdrop, it is much better to exchange it for bitcoin and store it as a long-term asset.
But what can do this?

It all depends on you, what do you think is best for you? As for me holding is better since I don’t have much experience trading coins. To trade you need to have knowledge of how to trade else you will just end up loosing your money. When i earn bounty tokens i swap immediately to bitcoin but then i sell half of it to cater for my needs then i hold the remaining half.

Depending on how you wish to manage for your money. If you have years of trading experience, you can day trade and increase your earnings. If you're not a good trader, you might hold like I did. That doesn't matter, but you need to find a way to earn money. When making any financial decisions, there are many factors to think about. because investing in cryptocurrencies is always dangerous. A market crash might cause you to lose money at any time. Therefore do your own research before taking any action.

It's a matter of options really. If you participated in some bounty and got paid in some altcoins already listed on an exchange, I'll suggest you swap it for altcoins that have been known to be around for sometime and keep swapping until you can swap for BTC or ETH, then you can proceed to hold. There is no point having to hold an altcoin that your not very sure about or its potential isn't even in a 50:50 chance.
When it has to do with some actual trading, if you understand the risk and is experienced, you could give it a go but, holding always comes with far less risk than trading and in the event that your mot quite ready for a lose, you might just have to try holding.

I believe trading and holding are two different concepts and should be approached with this mindset when trying to decide on which should be practiced for the most benefit.
As a beginner, I wouldn't advise your first crypto experience be more about trading. If the focus is to first learn to hold, earn and hold or just buy and hold, over time, the best trading idea will open up and it would just flow with ease. The concept would be made plain.
Am saying this because I know how hard trading at first could be and it has discouraged most from even continuing further. With holding however, it ranks among the best practice of financial discipline.

When I started my journey into cryptocurrency and earned from it, I started by holding some of the earnings. Still holding many coins including Bitcoin, BNB in ​​my holdings. Since then I have been trading for short time in trading since I gradually gained experience from here. And later I gained experience in trading platforms. Now I put my money in both holding and trading. But I think trading is better than holding. Although risky, I find it much easier to make money here than holding. And I mostly spread on this trading platform. And can earn money.

Of course, these two options can provide benefits for us, but for beginners who are new to the Cryptocurrency market, it is not recommended to trade because when we want to trade, it is very necessary for us to have sufficient trading knowledge and must always make a very mature strategy so that we do not you can always lose, for you trading is a better choice than holding maybe because you are experienced and understand market movements so you can determine when to buy and when to sell but for beginners I think trading is not the right choice for them to make money.

An investor must be cautious about trading and holding. The investor should have a good idea about where to invest before investing. Investors can invest in either Bitcoin or Altcoin or both as per their choice. However, altcoins require some caution.

A trader should acquire proper knowledge before trading. It is a high risky platform. Where you have to face big losses in a short period of time. Holding on the other hand is a reliable platform where an investor can easily be profitable from his holding after a certain period of time. But in the case of holding, long-term planning should be profitable.

a good query from a novice! Since trading and investments are so closely intertwined, it makes sense in my opinion to combine the two activities. Investing in holding has lower risk than investing in trading, which has a higher level of risk. For instance, if you invest in Bitcoin and retain it for a fair period of time, you are very likely to get a return on your investment. Your patience is all that is required, and the investment should be made at a fair price. But to benefit from it, you must have strong trading skills. To regularly profit from it, you need to be speculative, managerial, and perhaps even fortunate. Comparatively to holding, trading has a higher risk of newcomers losing all of their money (investment).

When it comes to trading, you must have the necessary skills. If you can do it, it doesn't matter if you also engage in investing. However, keep in mind that there are a number of correct and organized trading strategies, which is what novices should be aware of. But generally speaking, newbies should stick onto their bitcoin.

It is easiest and safest to hold coins in your possession that you most trust due to your research. Trading is not a simple occupation. Because the market is difficult to manage, extensive knowledge acquisition takes time. You have to effort for you to learn more skills to keep up with the ever-changing situations of the market. Lastly, trading is not for individuals with strong emotions. It is also about your hobbies and likes when you are not working. If you prioritize them first, you will be successful and earn more.