Always keep fiat while holding

[Davido1174]

This is very much correct. One needs to keep fiat while holding and this would help every holder to cost average their price and make profits in the short term

[justdimin]

I don't think this is a great idea, I mean it is not a horrible idea if you are feeling bearish towards bitcoin but keeping your money at anything for a long time is useless and risky. Do not hold all your money in bitcoin for all the time, do not hold your money in fiat all the time neither and DEFINITELY do not hold your money on altcoins for a long period of time.

You need to move your money to whatever is dipping, if bitcoin is $6k than buy bitcoin, if bitcoin is $7.2k than sell bitcoin and keep fiat, if apple stocks collapse for some "third quarter sales wasn't as expected" type of reason that has nothing to do with the future, buy that. No matter what, don't hold something for too long.

[Husecomang]

the investment target of each person is different as well as the portfolio they use. all have their advantages and disadvantages. I tend to take a short-term strategy with a short-term target of 5% of coin trading

Well, that is not a bad one and for someone who can have a very good strategy and can stick with this kind of strategy continuously to gain profit, it is a good one.

The issue though for some traders is they really do not have a strategy and the only strategy they have is patience to hold even if the market keeps going down the more. As long as you can learn and trade effectively, you will always know decisions to make at certain point in the market every time.

[Hell-raiser]

I don't think this is a great idea, I mean it is not a horrible idea if you are feeling bearish towards bitcoin but keeping your money at anything for a long time is useless and risky. Do not hold all your money in bitcoin for all the time, do not hold your money in fiat all the time neither and DEFINITELY do not hold your money on altcoins for a long period of time.

You need to move your money to whatever is dipping, if bitcoin is $6k than buy bitcoin, if bitcoin is $7.2k than sell bitcoin and keep fiat, if apple stocks collapse for some "third quarter sales wasn't as expected" type of reason that has nothing to do with the future, buy that. No matter what, don't hold something for too long.

Well, when I read the first part of your post, somehow I started to believe that you were going to suggest investing money in something else other than crypto, for example, in things like gold, business, personal eduction, health, whatever. But then you said that we should just shuffle our coins, and that was a hell of a disappointment. If you ask me, it is the same as keeping all your money in Bitcoin. In fact, you would likely fare a lot better for using Bitcoin alone as this is by far the most stable cryptocurrency, and buying its dips and selling its tops would suffice for the majority of trading folk. If you start rushing between coins, you will most likely end up with losses, not profits.

[BitcoinCommodor]

Some people can't comprehend simple logic and arithmetic. Statistically, you would be better off if you went for combining short-term to mid-term trading with long-term holding. It is not carved in stone that there will ever be a new historical high. For example, with Bitcoin that would mean going north of 20k, which may never happen in the foreseeable future. And what then? But if you allocate some part of your stash for short-term trading you will be able to earn something by riding volatility now and then even if there is no long-term rise, ever.

I tried to explain this simple thing many times to quite a few people over here but they seem to be too stubborn in their delusions to accept the truth. But never mind, let them sit on their hands if they choose so as it is from their losing that our profits are coming from.

Well in that case sir, we really do nothing for them being stubborn. But at least, we gave them sit on their hands so that in the end so one to be blame but themselves. So, while crypto is not yet stable or Bitcoin fiat will never be disappear it will always be use in every aspect of business in our generation.

Fiat has been better as before crypto investments we had fiat and now we still have fiat and can invest here as it is stable as well so if you feel comfortable in handling it then you can start with it without any worry. After the introduction of cryptocurrency as Bitcoin the first one created a new market has been better since 9 years and it has achieved value more than fiat.

[wozzek23]

still holding fiat money is very necessary because in every country there are still many people who carry out transactions with it and it will make it easier for the election and it is necessary to know that fiat money cannot be replaced by others

This is an undeniable fact and the importance of fiat cannot be ignored before investing in an asset. Speaking from the investment perspective, I will definitely prefer both. Bitcoin is exceptional in giving away huge money but you have to deal with the long term uncertainty. Holding fiat is sweet thing but the rise in the value of a currency except the few international is very low and you cannot rely on holding only fiat to earn profit.

[wxa7115]

Well some people don't have the time to do that and they only want to put some money and wait for some time until their investment bear result, it is indeed more profitable if they can trade between the holding period if there's opportunity. I have some coin for long term investment but i also have fiat ready if there's opportunity because i also trade some coin.

Day trading can be extremely profitable, this is something that anyone that has spent any time in the market knows, the problem is the huge amount of time that you need to invest into it, if you have a full time job then it is very unlikely that you are going to have enough time to dedicate to day trading, so it is not really a surprise that one of the most popular methods to try to make money in this market is to hold your coins for the long term.

Only those that have a very solid record of obtaining constant profits can entertain the possibility of becoming professional traders, if you are one of the few that can do that then congratulations you are going to make a lot of money in this market but most people cannot get those results and they need to accept it.

[Drobek]

This is a really good advise especially in this bearish period. I got burnt trying to hold ETH. Fiat would have been a different story. Holding half in fiat and the other half in crypto too would have been good.

[captaincomet]

Keeping FIAT for buying the dip is always a good idea. BTC can drop even lower and alts will be even more rekt. Good to buy cheap BTC and alts at discount price

[ToyotaFortuner]

yes you are right because in my opinion the price movement of fiat has a very fast and stable movement so it is safer to save in fiat form so that it can be safer not to decrease assets but can grow again.

[feelivent]

still holding fiat money is very necessary because in every country there are still many people who carry out transactions with it and it will make it easier for the election and it is necessary to know that fiat money cannot be replaced by others

This is an undeniable fact and the importance of fiat cannot be ignored before investing in an asset. Speaking from the investment perspective, I will definitely prefer both. Bitcoin is exceptional in giving away huge money but you have to deal with the long term uncertainty. Holding fiat is sweet thing but the rise in the value of a currency except the few international is very low and you cannot rely on holding only fiat to earn profit.

Certainly true! You really will not be able to get the profit you want to take advantage of as trend is changing without having to look for a safe space you can classify as a hedge against selling the peaks and buying the lows.

Secondly, with respect to what you said about not relying on putting money into fiat to make profit, is even something that any sane person should know as fiat is controlled and regulated, so it is not like the value will increase than what it is, except against other currencies if you want to make profit from trading them which is the same way it works in the crypto space.

[KGBx]

That's total truth, market is really volatile at the moment and you can find yourself in an icky situation if don't take good care about fiat as well.

[Hell-raiser]

Well some people don't have the time to do that and they only want to put some money and wait for some time until their investment bear result, it is indeed more profitable if they can trade between the holding period if there's opportunity. I have some coin for long term investment but i also have fiat ready if there's opportunity because i also trade some coin.

Day trading can be extremely profitable, this is something that anyone that has spent any time in the market knows, the problem is the huge amount of time that you need to invest into it, if you have a full time job then it is very unlikely that you are going to have enough time to dedicate to day trading, so it is not really a surprise that one of the most popular methods to try to make money in this market is to hold your coins for the long term.

That method may be not working anymore. Cryptocurrencies are mostly speculative assets, and they had been growing until the market became saturated. It became saturated as no new money was thrown in, and then prices expectedly crashed because most people involved in crypto were there exclusively for profit motives. In other words, holding was one of the most popular methods to make money in crypto while crypto was rising for so many months.

But these days may be over. In the majority of established markets, both purely financial and related to commodities, holding is meaningless, and you can only earn something by actively using your brains (if you have them), not by sitting idly on your hands waiting until the price rises enough to let you grab easy profits. This was a unique opportunity, and I'm not sure it is going to present itself again in the future.

[barbara44]

That good thing, actually. You'll never know. Some old BTC whale can come up and dump a bunch of bitcoins, the price will rekt. Always good to have fiat to buy the dip

That is actually the only way so far that traders and investors tend to hedge their funds against the market volatility and in cases where the market is turning down fast, this is when you want to be out of any crypto market and pull into fiat.

It is a norm and that happens in stock markets too. So far, we all know there is no way with the volatility of the market that fiat is not important most especially when it comes to trading.

[yanesna3]

This is very much correct. One needs to keep fiat while holding and this would help every holder to cost average their price and make profits in the short term

To do it, you should never quit the main job that gives you the income which is stable. The cryptocurrencies are good but you must never forget that traditional money still rules the world.

[bitbunnny]

Most of us are not professional traders and unfortunately we still can't fully rely on Bitcoin. Fiat is still very much needed especialy as a kind of back up.
The key is to know how to successfuly balance Bitcoin and fiat money that is still reality in every economy and our everyday lives.
Maybe this ratio that is now in favour of fiat currencies will change in favour of Bitcoin and other cryptocurrencies but this will not happen any time soon.

[Daniel9140]

Holding fiat at all times is a good thing. It would make you to be able to manage your risks and at the same time, manage your portfolio. This is basically how these things are done. You use the fiat to buy more tokens when prices goes down.

[tenakha]

As a 5 years of experience i tried every method for waiting optimal profit. Waiting just with a hold of any coin is not very good at short and mid-term time intervals. Generally holders wait for historical rise but it comes in 3-4 years or maybe more. So even if you wait for that rise you can gain something on short and mid-term time. Basically i assume you have some coin just sell some of them on a small rise period, price is moving with 6k-8k for a few month so when you see 7-8k prices start to sell dont sell all but some of them should be great. Even if it rises after you sell you are now waiting it to fall , and short time period it always falls just wait 1-2 months low and buy even if it drops more you basically gained profit. So if you can read some trend moves you can invest mid-term so you dont have to hold for years. If price starts to rise historically then it is time to buy.

Absolutely right. The reason for this is because of people's greed. Greed is good, but when the time comes. I don't say that when the price increases 5%, we should sell immediately. According to capacity of coin, it is necessary to estimate how much the price can increase and not to wait for the maximum price, just sell it under maximum price.

[Vsamuel]

I this tactics is very applicable. It will require that you have enough funds to support yourself and put some on stand-by should you find yourself in need to buy more coins.

[ghost14k]

Hold really pays out in the long run but i think with this current situation in the market, it is rarely hard for holders to see profit. So i believe it is best practice to sell of when you see a small rice in the market. Hold don't pay again besides market needs to be in cycle for us to be seeing constant profits rather than holding. The fiat needs to be available if there is a sudden dump so use it to hedge it.