Trading Or Holdings

[tvplus006]

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 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 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.

[ajiz138]

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.

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.

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?

[Munir575]

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.

[The Cryptovator]

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.

[Mr.right85]

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.

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.

[Cryptomultiplier]

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.

[Rigon]

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.

[bounceback]

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.

[GigaBit]

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.

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.

[Bhig Daddy]

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).

[Munir575]

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.

[Getmon]

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.