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October 10, 2023, 01:15:39 PM |
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Hodling and trading has always been a debate in the Bitcoin crypto space.Are they different? Of course yes.Hodling is a term used to describe owning Bitcoin in a wallet especially for a long period of time.While trading on the other hand refers to the selling and buying of Bitcoin through an exchange. Both Hodling and trading have some similarities such as ;
1. The use of wallets to store Bitcoin. 2. For both trading or hodling to be possible you must own Bitcoin. Although trading requires a minimum amount of coins, hodling does not. 3. Both require you to understand how to secure your coins to avoid hacks or loss of funds.
Nevertheless, despite these similarities hodling and trading are also distinct this is due to the fact that hodling is usually long termed ( hodling appreciates better during long term.) however trading returns come from short term fluctuations in the price of Bitcoin.Due to the uniqueness of Bitcoin,some persons tend to choose hodling over trading due to some advantages such as;
1. Ease ; hodling Bitcoin saves you the stress of understanding marketing strategies and little price fluctuations As you only store the Bitcoin in your wallet without transacting.(successful trading requires constant research and experience)
2. Transaction Costs ; Hodling comes with a lower transaction cost which is from depositing the Bitcoin in your wallet. However trading incures cost due to frequent transactions especially when the network is congested.
3. Long-Term Gains ;Over time Bitcoin has shown promising potential in it's price.Hodling helps you benefit from the long term potential of Which in most cases appreciates better than little price gains from trading.
4. Security; Hodling your Bitcoin gives you a better option of making use of offline wallets such as air gapped wallets or hardware wallets,As they deem more secure than online wallets With all these being said it is important to note that hodling shitcoin is not advisable due to their exponentially high volatility which may lead to severe loss if not properly managed. Trading and hodling is always a choice as they indirectly serve as balance to the Bitcoin ecosystem.
Don't forget to keep your keys safe 😁
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snowpega
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October 10, 2023, 01:28:15 PM |
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I think Hodling is the best way As it the horse of long race and can give desired profit according to your goals on the other hand, Trading is the risky part where you can loose and gain as well Like for that you have to look at market sentiments all the time and Have to jump in the mud like you need to do DYOR sometime you fell prey of FOMO. Due to that you have to take your decisions in hurry or being emotional. You have to Do TA and FA. while in hodl you need not to take that much stress. I had alot of conversation over hodling in this given thread where alot of seniors share their thoughts and experiences in this thread over it must read..........>>>> Buy the DIP, and HODL!
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n00ber
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October 10, 2023, 01:40:32 PM |
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Hodling vs trading I prefer holding because it doesn't bring too much stress to me and I have more time to do my main job. DCA and holding, are both easy to do and yield better results, IMO. Meanwhile, trading requires a large amount of knowledge and you have to spend a lot of time in front of the computer screen every day to test and analyze the market. But in the end, all of that is not enough for you to make the right trading decisions, things can still go against your predictions and cause you losses. As we all know, trading is much more complicated, and it is not for the masses.
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SamReomo
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October 10, 2023, 01:47:39 PM |
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Holding is for investors and trading is for traders. The investors basically find Bitcoin as an asset that will grow in value if they hold it for long term at least 4 years or more. The investors are the ones who believe in Bitcoin and they suggest everyone to purchase Bitcoin. The traders are basically the ones who are good at trading and they want to earn a certain percentage of income in a week, month, or a year.
The traders are the ones who really don't care much about Bitcoin during their trading session because their main goal is to have profits in short-term and they can sometimes trade wrong coins which may cause huge losses for them. There are a group of traders who believe in Bitcoin trading only and they mostly exchange Bitcoin to another stable coin and again that stable coin to Bitcoin, and during the process they earn some percentage as profit.
We need both of those in Bitcoin ecosystem because both of them are playing good roles for Bitcoin. The investors are the ones who are constantly investing in Bitcoin and they are basically helping the Bitcoin to achieve it's price levels while the traders are also keep the ecosystem active because they are trading Bitcoin on daily basis.
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Zlantann
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October 10, 2023, 02:17:16 PM |
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Hodling and trading has always been a debate in the Bitcoin crypto space.Are they different? Of course yes.Hodling is a term used to describe owning Bitcoin in a wallet especially for a long period of time.While trading on the other hand refers to the selling and buying of Bitcoin through an exchange. Both traders and hodlers can use an exchange to buy or sell their Bitcoin. Long-term investors can sell their Bitcoin through exchanges anytime they want so it is not only traders that use exchanges. It will be more comfortable to say that traders use exchanges more more often than hodlers. But in selling or buying our coins we should also bear in mind the risk associated with using centralised exchanges.
I also think that hodling Bitcoin is more profitable than trading, but it requires a lot of patience and sacrifice. Bitcoin investors don't have a get-rich-quick mentality because they believe they know that their investment is long-term. If you don't want to pay attention to media drama and government policies, just concentrate on long-term hodling.
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Abu-Naim
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October 10, 2023, 02:23:02 PM |
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Holding is not for the weak once because it takes someone who has financial stability and has spare money for investment to be able to hold bitcoin for a long period of time, while for people who do not have much money for holding bitcoin, they can trade and have some gains if they have knowledge and experience about trading. 2. Transaction Costs ; Hodling comes with a lower transaction cost which is from depositing the Bitcoin in your wallet. However trading incures cost due to frequent transactions
Yes, holding save transaction fee, but some people do use DCA methods to accumulate their bitcoin and it is advisable, I think this transaction cost dose not mean since bitcoin network fee or transaction is not that high and it depend on the network congestion.
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harapan
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October 10, 2023, 02:25:12 PM |
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I will say learn from the best and those who have big and large amounts of Bitcoin. Micheal Saylor, El Salvador President, Robert Kiyosaki and those you know are real in for the uprise of Bitcoin, they want to see you hold than they want to see you trade your coins.
Sowhy not adopt the same way they go. If you can not buy the way they do to accumulate and increase your holdings don't panic just make sure you have something doing as that wouldn't lead to you pushing trade your Bitcoin. People trade for profits too, the question now is are your chances of profit accumulations sure?
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She shining
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October 10, 2023, 02:48:13 PM |
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Hodling is the best since there's no loss in the case of Bitcoin all you have to do is wait. It doesn't mean its easy. Its a psychological battle with everybody having their method of persevering either due to their belief or another reason. Despite my belief in Bitcoin I'm still plagued by doubt and fear when it falls. I don't really have anybody to discuss my pains with but Currently what I do is go to the WO thread and start reading. People there joke and are sometimes happy when Bitcoin falls. They want to buy the dip, this usually helps me persevere and the wait is always worth it. I would be like "they having Bitcoins worth thousands of dollars and ain't scared then why should I"
If there's anything as Anti- trading then I'm one. No matter how good your analysis is a news would still destroy it. The only way you recover is through holding.
My bias view.
Those trading Altcoins have a heart of steel
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Tuturtinular
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October 10, 2023, 02:50:42 PM |
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Both have their respective advantages and risks. hold bitcoin if you only have a little bitcoin then the profits will be small. It takes a lot of capital to hold bitcoin to get big profit, maybe this can be done by buying bitcoin in installments every month. Trading Bitcoin can get daily or weekly profits but the risks are big. So in my opinion there is no best of the two options, just choose the one that we think is the most profitable and suits our passion
But for me, I choose both, hold bitcoins and use them for trading so that I can take weekly or monthly profits and my bitcoin holdings will increase.
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Doan9269
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October 10, 2023, 03:01:19 PM |
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With all these being said it is important to note that hodling shitcoin is not advisable due to their exponentially high volatility which may lead to severe loss if not properly managed. How do we now identify a shitcoin? There are many possible ways we can know about the project development and their intentions right from how far we were able to make research on the developers, there's no crypto project that will made mention that they are shitcoin even though in reality they were, but we need to deepens and intensify our research on them and part of the constituents we are going to look after are these. Market cap Market vol Developers Purpose of the project Liquidity for the project It is also an important thing to always take good observation on this very aspect that no matter how we have researched about them, there's no assurance that we cannot yet fall their victim of scam.
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DeathAngel
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October 10, 2023, 03:10:41 PM |
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Always best to hodl because bitcoin is still very volatile & you can easily get liquidated trying to trade & time the market. Nobody who has managed to hodl for two full four year cycles has ever lost money. It’s boring & most people don’t have the staying power, patience required but seriously hodling long term is the way to go, it never fails. Trading is gambling & many times you are not a lucky winner.
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tjtonmoy
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October 10, 2023, 03:11:01 PM |
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There has never been any debate about whether to hold Bitcoin or trade it. One can do either or both of them. It's their personal choice. The question arise only when you are confused which one to start first. And here's an idea of what one should do. Holding Bitcoin is a less risky approach. As in newbie who has less knowledge about Bitcoin and Bitcoin trading can always start with HODL. At this point all you need to do is learn how to keep your assets safe and how to keep your emotions in control. That's it. The more time passes by the more profits you will make.
As you are HODLing, your assets are growing. At the same time you can focus on learning how to trade and forget about the holding account for the time being. So two things happen here. One, you get more assets or more value in the future. Two, you learn how to trade and by the time you master it you will have more assets to trade with.
This is a great practice for every newbie. And as I already said, there is no debate about either to hold or tread. You can do both and take advantage of both of them.
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rat03gopoh
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October 10, 2023, 03:44:14 PM |
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Now explain to me how you draw these contradictory conclusions? Both Hodling and trading have some similarities such as ;
1. The use of wallets to store Bitcoin.
....
some persons tend to choose hodling over trading due to some advantages such as; ....
2. Transaction Costs ; Hodling comes with a lower transaction cost which is from depositing the Bitcoin in your wallet. However trading incures cost due to frequent transactions especially when the network is congested.
In our community, HODLers use non-custodial wallets more, while active traders use centralized exchanges' built-in wallets to save on sending fees.
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CryptopreneurBrainboss
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October 10, 2023, 03:57:40 PM Merited by Broadanbig (1) |
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2. For both trading or hodling to be possible you must own Bitcoin. Although trading requires a minimum amount of coins, hodling does not.
Trading doesn't require a minimum amount of coins, there's no minimum amount as you can trade with any amount but if you're using an exchange that's when you'll have to deposit money based on their deposit minimum of that exchange to trade. You can trade P2P directly without an exchange and you won't need a minimum deposit. Neither trading or holding needs a minimum amount of coin but to make profits you have to decide which amount you'll use to trade because the higher the amount, the more opportunity to get more profits when trading. Both Hodling and trading are guaranteed ways of making profits from Bitcoin but holding holds more pros then cons and that's why we're advice to hodl. You're stressing yourself when you trade when you could have just hodl and make profits. With all these being said it is important to note that hodling shitcoin is not advisable due to their exponentially high volatility which may lead to severe loss if not properly managed. Trading and hodling is always a choice as they indirectly serve as balance to the Bitcoin ecosystem.
Shitcoins are to be avoided by all means, they should neither be traded or HODL because they bring nothing but losses. If you're trading them, you have to be very careful because their prices are more volatile and they're been manipulated by whales for their gains. Only trade or hodl bitcoin and you won't find yourself as a victim of the different scams that are becoming a frequent news in the industry.
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Rruchi man
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October 10, 2023, 03:58:31 PM |
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Due to the uniqueness of Bitcoin, some persons tend to choose hodling over trading ...
This choice is also based on skill. If you are not skilled in trading, you have no business with choosing to trade when you can HODL. Taking that choice when you are well aware of the truth will only lead you to losses. Then for someone who is skilled in trading, choosing to HODL when you can trade and increase what you have will just mean that you are limiting yourself because you can be more profiting as a trader, than a HODLer.
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Gozie51
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October 10, 2023, 04:14:28 PM |
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Hodling is a term used to describe owning Bitcoin in a wallet especially for a long period of time.
Not only long-term, I think short term too is hodling especially if you are not trading. It is the intention that determines . While trading on the other hand refers to the selling and buying of Bitcoin through an exchange. Both Hodling and trading have some similarities such as ;
P2P also exist. Arbitrage also exist. Not only if you are involved in active trading to be regarded as such. 2. For both trading or hodling to be possible you must own Bitcoin.
I don't think so because you can buy altcoins or stable coins if you want and do whatever you want and convert back to btc. So you must not have access to btc for it.
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OgNasty
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October 10, 2023, 04:20:21 PM |
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Obviously holders have a long time preference and traders are trying to get rich quick. The crazy thing is that even knowing Bitcoin is the greatest performing asset in human history, people still want to trade it instead of holding it. Even with all the billionaires holding has created and all the people who lost everything trading, people still think they’re going to trade themselves to wealth, missing out on doing so by not holding.
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Spaceman1000$
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October 10, 2023, 04:32:40 PM |
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Hodling and trading has always been a debate in the Bitcoin crypto space.Are they different? Of course yes.Hodling is a term used to describe owning Bitcoin in a wallet especially for a long period of time.While trading on the other hand refers to the selling and buying of Bitcoin through an exchange. Both Hodling and trading have some similarities such as ;
1. The use of wallets to store Bitcoin. 2. For both trading or hodling to be possible you must own Bitcoin. Although trading requires a minimum amount of coins, hodling does not. 3. Both require you to understand how to secure your coins to avoid hacks or loss of funds.
Nevertheless, despite these similarities hodling and trading are also distinct this is due to the fact that hodling is usually long termed ( hodling appreciates better during long term.) however trading returns come from short term fluctuations in the price of Bitcoin.Due to the uniqueness of Bitcoin,some persons tend to choose hodling over trading due to some advantages such as;
1. Ease ; hodling Bitcoin saves you the stress of understanding marketing strategies and little price fluctuations As you only store the Bitcoin in your wallet without transacting.(successful trading requires constant research and experience)
2. Transaction Costs ; Hodling comes with a lower transaction cost which is from depositing the Bitcoin in your wallet. However trading incures cost due to frequent transactions especially when the network is congested.
3. Long-Term Gains ;Over time Bitcoin has shown promising potential in it's price.Hodling helps you benefit from the long term potential of Which in most cases appreciates better than little price gains from trading.
4. Security; Hodling your Bitcoin gives you a better option of making use of offline wallets such as air gapped wallets or hardware wallets,As they deem more secure than online wallets With all these being said it is important to note that hodling shitcoin is not advisable due to their exponentially high volatility which may lead to severe loss if not properly managed. Trading and hodling is always a choice as they indirectly serve as balance to the Bitcoin ecosystem.
Don't forget to keep your keys safe 😁
As a bitcoin enthusiast, I will go for Holding, because I'm less experienced when it comes to trading. before you start trading you must understand the market forces, you must also understand the fact that the market is very volatile and for somebody that is not well groomed or that doesn't really have a good experience in trading, he/she will find difficulty in navigating through the crypto market, especially for a beginner. Though there are lots benefits with trading, especially when you've gathered a good knowledge about the market, and you know how to control your losses, there are good number of people that will tell you, they prefer trading than Holding. Both of them have their advantages depending on which Side of the divide you find yourself.
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pinggoki
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October 10, 2023, 04:37:53 PM |
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Always best to hodl because bitcoin is still very volatile & you can easily get liquidated trying to trade & time the market. Nobody who has managed to hodl for two full four year cycles has ever lost money. It’s boring & most people don’t have the staying power, patience required but seriously hodling long term is the way to go, it never fails. Trading is gambling & many times you are not a lucky winner.
It still depends, if you're the type to have a little risk in your life then you can always consider trading as a means to utilize your bitcoins, some people that lose their patience hodling would've probably fared better if they've tried their hands on trading instead of just idly waiting for the prices to skyrocket but you're right, hodling never fails but I have to advice that while hodling you should also have other means to make money like a job or business and then slowly buy bitcoin to increase what you're hodling.
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Lorence.xD
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October 10, 2023, 04:42:42 PM |
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For me I still prefer to do holding despite knowing how to trade, since it's more riskier to do trading as you can get liquidated in just seconds, but in the other hand you could also profit quickly. Which I think it's not suitable for me, I would rather do hodling with the DCA method since I'm not the type of person that would analyze and always check the market cause it will drain me. Imagine working,studying and trading, it will literally affect your mental health as well your physical health. Maybe full time trading will be applicable as you can focus on the market.
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