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Author Topic: which is a good option?? Trade or Hodl  (Read 2322 times)
KnightElite
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August 14, 2020, 12:50:39 AM
 #41

Both trading and just holding (hodling) are good ways to get involved more with crypto but it largely depends on which you prefer. With trading, you can get quickly get gains on your position in a short amount of time. While holding on the other hand gives room to accumulate even more profits in the long run. So, you first have to assess yourself and ask yourself a couple of questions like:

1. Would you be able to actively trade the market (no distractions / other commitments).
2. You have other commitments but would still like to get a piece of the cake.

Everyone's perspective is different, you just have to figure out which one works best for you and it should fit your trading plan too – availability etc.



PS: If you do decide to be a holder (hodler), You might as well stake them and earn a couple of percentage on monthly basis since most cryptocurrencies these days offer staking rewards.
The best option depends on the talent and skills that you have, imagine if you will do trading but you do not have enough skills on it then for sure you will incur huge losses. In trading the risk is huge but the rewards is also huge because you will actively engaging in the market. Both of holding and trading requires mastery, do not believe to other people that trading and holding is just easy because it is a lie. If it is easy, everybody should making gains but in reality it is not happen. Identifying your strength and weaknesses can help you to choose between the two.
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August 14, 2020, 01:09:15 AM
 #42

Is it better to keep good project coins for holding?
                                or
Trade in spot/ futures market in less leverage.
...but, one question before, you have experience managing a list of shopping products... for at least your home. ... it's a joke!, But it will help you, I assure you, there are people who have never traded in anything and want to soak up the cryptoworld, that's the beauty of cryptocurrencies.

Try take a risk, document yourself, it is good to know how you make money, but it is good to know why you lose it, it is not just today I invested 10, earn 10.
Although many traders I know started like this, but they had a plan and that plan included theory and practice.

Re: which is a good option??  
  • Trade: ✔
  • Hodl : ✔
...or both inclusive

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August 14, 2020, 04:37:09 AM
 #43

Is it better to keep good project coins for holding?
                                or
Trade in spot/ futures market in less leverage.
I prefer holding than trading there are a lot of complications on trading you must be hands on and always look on the market and check the coins that worth trading, on holding coins you just need to check the coins worth investing of course you have to follow them too to check if they keeping up on their roadmap.
Good suggestion and explanation Smiley
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August 14, 2020, 05:55:46 AM
 #44

I believe that at this time recovery is taking place. So, I decided to hold some assets on popular coins instead of trading for now. both are good things, as well as potential. it's just that, I choose to hold back so I can focus on doing other things. Well, we know that trading requires a lot of information in the short term before any price movement occurs
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August 14, 2020, 10:26:45 AM
 #45

If you are going for options and futures there is that debate of whether it is more of a gamble than spot trading. I consider it to be a gamble and thus the risk is higher than spot trading. If that is fine with the trader then they are good to go. It all boils down to a personal choice of whether they like to wait out the market to get the proper price to buy or sell and make a profit from that or "bet" on the futures market.

While the market is stagnant some people tend to move between these two methods of making money.

People love taking the risk. Whether it be in the speculative markets or just plain gambling. Specially when the spot markets are not worthy of putting money in or beyond your reach to buy the asset itself.

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August 14, 2020, 12:28:02 PM
 #46

Sometimes after a few months of trading, I think that if I didn't constantly trade, I would earn more just by holding the coin. But I can't just hold the coin and wait for a profit because of my character. I need to be sure to trade, because this, in addition to profit, brings me satisfaction.

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August 14, 2020, 03:29:25 PM
 #47

Is it better to keep good project coins for holding?
                                or
Trade in spot/ futures market in less leverage.
Trading and holding of good crypto are both profitable options but the investor personal experience play an important role in making good profit cause before a crypto holder can make profitable invest he need to have knowledge of good coin selection, portfolio management and cut lost while trading require knowing how to used FA/TA. Nevertheless, there are some exchange sites that provides free trading bot lately but good setting knowledge is still needed.

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August 14, 2020, 04:10:51 PM
 #48

Both of them are good especially if you can execute them properly but with regards to trading you need a skills, knowledge, patience and experience before you can earn a decent from it. If you
think you didn't have it yet then it will be good if you will just stay first in holding a currencies that you think has the potential to grow in the future.

Then you can start studying how the trading works and how you can execute a better strategy in order to profit from it and once you are ready then you can transfer to trading as it can give you a
better profit compare to holding once you can do it properly.
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August 14, 2020, 04:37:40 PM
 #49

Is it better to keep good project coins for holding?
                                or
Trade in spot/ futures market in less leverage.

For a newbie my preference is hodling a good coin this can be done with some little research and without much hassle particularly when investing in bitcoin and other profitable cryptocurrencies although it also has it own risk especially when bought at the peak however trading spot/future requires wide range of knowledge which might not be easily acquired within a short period of time else a trader portfolio or account can be rekt easily that is why it is always advisable for any newbie to demo trade in spot/future i.e practice and make profits  consistently before funding their account.

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August 14, 2020, 04:42:30 PM
 #50

I think it depends on the coin actually whether to hold it or trade it. Obviously all cryptocurrencies are speculative but there are certain coins which I believe return good profits if traded. Coins like XRP , Cardano , EOS and BNB can be traded to make a bigger profit while I think coins like bitcoin and ether are meant to be hold to make a huge profit. The price swings in such coins are higher which makes the return more profitable.

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August 15, 2020, 08:02:38 AM
 #51

depending on how you take advantage of the moment, if the coins you are holding have progress in the near future so that the price is likely to go up then you can save them and sell them when the time is right.
conversely if you see opportunities in other coins you have to take risks and sell the tokens you have bought.
saving a coin without knowing the progress is tantamount to putting your money in danger because its value can drop over time.
that is why you must be observant in seeing opportunities.

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August 15, 2020, 09:29:51 AM
 #52

I prefer to hold unique and interesting altcoins for a long time, but I don't keep much of it, to be honest I don't really like Futures trading, it must really have the ability to really focus on using analysis, the slightest error will be detrimental, especially beginners, of course it is not recommended for them to use this kind of trading, they need to learn a lot to understand where the market is going

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August 15, 2020, 05:26:14 PM
 #53

If you have the luxury of spending time doing analysis, chart checking and monitoring then go for trading.
But if you don't then just leave it be.  Grin

I am a holder of different coin.
Not much of stress for that. If you have a good job then stay with it.
If you do trade, it will eat some of your time in which you should be resting already.
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August 15, 2020, 08:25:06 PM
 #54

Is it better to keep good project coins for holding?
                                or
Trade in spot/ futures market in less leverage.
Bitcoin has always been a good coin for holding, and even if you’re just holding Bitcoin, it is enough. Then if you decide that you want to spread things out and hold other cryptocurrencies, you have Ethereum, XRP, and some good coins that are worth investing. It’s up to you and what you like. If you’re looking them up based on what they are meant, they all have different purpose, but they are all growing, because people are investing in them.

conversely if you see opportunities in other coins you have to take risks and sell the tokens you have bought.
saving a coin without knowing the progress is tantamount to putting your money in danger because its value can drop over time.
that is why you must be observant in seeing opportunities.
Most things we do in this market is all about risks, if you see a good project and you believe it will grow, you can get and invest. There are projects I have seen and didn’t invest in them, and later they grew to a high amount, and there are those that never did. Sometimes it’s good to check how things are moving in that projects community to decide if it will be good on the long run or not.
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August 15, 2020, 09:00:29 PM
 #55

This topic will keep coming up,although,  I think we might need to remind ourselves our target. Regular trading doesnt fetch the 10x -100x more that we might want in this market. Hodling can give beyond 100x for good projects and we are begining to see recovery in almost all the part of the project. Now ethereum is getting outstanding and it is just about 35% of the ATH before we see new ATH. we cant get this if we move to fiat early while the price pumps.

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August 15, 2020, 09:00:37 PM
 #56

If you have the luxury of spending time doing analysis, chart checking and monitoring then go for trading.
But if you don't then just leave it be.  Grin
Well, that is right. Because there are two types of people in status of life that can able to accumulate bitcoin, --minimal time to spend on the internet and the other one is a full-time trader. Hold if you dont have quality time to spend research and making technical analysis and trade when you have a lot of time doing any technical prediction. However, I will prefer to hold than to trade because holding is a safe way of making profit but it is indeed, needs patient while waiting the right time when your profit come.









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.
"I could either watch it
happen or be a part of it"

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August 16, 2020, 07:37:41 AM
 #57

This topic will keep coming up,although,  I think we might need to remind ourselves our target. Regular trading doesnt fetch the 10x -100x more that we might want in this market. Hodling can give beyond 100x for good projects and we are begining to see recovery in almost all the part of the project. Now ethereum is getting outstanding and it is just about 35% of the ATH before we see new ATH. we cant get this if we move to fiat early while the price pumps.

No one can know exactly what price Ethereum will rise to. This is what makes traders take profits and then watch the price continue to rise. It is at such moments that traders lose the opportunity to increase their profits. But this is what allows them to earn when the price of the coin begins to fall rapidly.

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August 16, 2020, 08:56:26 AM
 #58

For a newbie my preference is hodling a good coin this can be done with some little research and without much hassle particularly when investing in bitcoin and other profitable cryptocurrencies although it also has it own risk especially when bought at the peak however trading spot/future requires wide range of knowledge which might not be easily acquired within a short period of time else a trader portfolio or account can be rekt easily that is why it is always advisable for any newbie to demo trade in spot/future i.e practice and make profits  consistently before funding their account.
Don’t use your achievements you got in demo trading to judge the real one. The real one can be something else and that means it requires all new-and-different approach. I have been in this kind of situation where I was using demo trading to practice and everything seemed to be quite easy until I decided to put in money and start the real trading, and then it turned out to be something else. Why I am saying this is so that you don’t start with too much money, go with a little amount of money because there will always be a risk as long as it’s trading we are talking about here.

For the all crypto people who are lagging in required skills for perfect trading, may choose hodl option to achieve what active traders do make profits from crypto trading. Because, holding is simple when it comes with bitcoins and crypto space. You cannot rely on holding for easy profit making anywhere else except this crypto space and in this crypto space, you may believe into only on bitcoins and not on most other altcoins.

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August 16, 2020, 10:46:25 AM
 #59

In addition, many new cryptocurrencies appeared in 2020, I hope to see many of them in the future.

I hope to see more coins that has something to offer. Not just using them for trading.
They should have a proper foundation, just like an bitcoin and ethereum. They are very useful on our society nowadays, we can create more things using these kind of technologies.
New coins must innovate wisely otherwise they will just be considered as shits on crypto world.

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August 16, 2020, 10:57:09 AM
 #60

I personally would prefer to store coins for a certain period of time but before I choose a token or coin that I want to save, I have to know about it and the reason why I should keep it, for futures trading I don't like it and for me who is not very experienced it is very risky for me, this is in my personal opinion

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