Tradding Vs Saving, which is the safest way to build crypto holdings

[Dailyscript]

if a person saves $1m, he could end the year with a good sum by just holding his asset, while a trader could turn little amount to huge one, it could go at that same rate too, so which one would you prefer as a trader and why

I prefer to take the risk and try to make more than what I expect because by saving there is a limit in number to expect, but not with trading which I could exceed the number that I have set to make if I had saved the money, Also know that in a years time, due to the many things that can happen, any amount of money saved in fiat can loss value to inflation. The only time you should consider saving more than trading is when you know that your knowledge in trading is limited and not enough to make you consistent profit.

In trading its 50/50 and you said you are willing. I think you would give this a second thought if the amount of money that is allocated is high. Ill rather not save but use the money to start us something. The two are risky, if you trade you may end up losing your funds quicker and if you decide to save inflation would catch up on you. Well i think it depends on the individuals financial goal that he may choose to save or trade. If i want to be a millionaire and be financial stable i will not choose to save either ill rather join you and take that risk in trading but i will be very careful in the assets i choose to trade as well.

[Abdulzuruku01]

Anyone in crypto space right now and who has been active will agree with me that one of the vital parts of what makes cryptocurrency trend and go viral is the fact that it volatile and this has made the whole blockchain interesting, I mean the fact that one can easily turn some penny into a huge amount of money within a short timeframe makes it attract people from  all over the world aside from sending value.

While the volatile nature of crypto space remains attractive and lucrative, it still remains the nightmare to many and hence the need to always ensure safety from the what makes crypto tradable. In the bid to achieve the purpose of trying to grow one's asset without having to expose it to volatility risk, several risk control measures have been set up which include stop loss, but that is not 100% sure to guard users from the price fluctuations, and hence the need of savings and getting returns high amounts of APR and this mimics the bank savings with, but here with higher rewards, if a person saves $1m, he could end the year with a good sum by just holding his asset, while a trader could turn little amount to huge one, it could go at that same rate too, so which one would you prefer as a trader and why

Trading is good, but I prefer to hold because it is something I have always wanted to do. I know holding requires a lot of sacrifices, such as having multiple sources of income, setting aside emergency funds, and taking your eyes off your assets to allow them to grow more quickly, which I don't think I will have any issues with that. Both holding and trading are risky, but it all depends on the individual's financial status and experience. In my opinion, bitcoin should be used for holding and altcoins for trading. When you contemplate how investors benefit from holding bitcoin , it something you will love to imitate, but in trading, no matter how expert you are, trading will still prove you wrong because of its high level of risk. I always regard trading as a gamble.

I don't think I'll have mind for trading because it's something that is frustrating if you're not used to it, and I can't frustrate myself because I need urgent cash. One thing that I hate about trading is that you can be a millionaire today and tomorrow you'll be indigent, but in holding, I've never heard that scenario before because all you need is basic knowledge and it's something you have to do with your peace of mind and won't waste your time  unless you're a newbie who is thinking of how to get rich quick.

[sotelorene]

In addition to what everyone have said so far, I think the best or safest way to build crypto is to accumulate Bitcoin and then hold it and remember you can't lose your coin but it may sometimes take long time to skyrocket but I think trading is the fastest way to build your crypto or make money depending on how good you are and it is also very risky because you can make loss at any given time, so the two have there advantage and disadvantage but if you don't want to make loss while building your crypto I think you should go for Bitcoin accumulation but if you want to build your crypto very fast I will suggest you go for trading.

[nelson4lov]

• Safest route: Buying and holding Bitcoin.
  
• Fastest route with increased risks: engaging the market via trading.

It doesn't get simpler than that. The first path is chosen by sized investors who have plenty of capital and can just buy and hold. They don't need Bitcoin's price to move so much in order to profit. The second path comes with increased risks but so does the rewards and it is often the path chosen by the majority because if we're being honest, you're not going to get super rich of wealthy just buying Bitcoin at these prices unless you have a very sizeable position in Bitcoin.

[Iamcrypticguy]

Anyone in crypto space right now and who has been active will agree with me that one of the vital parts of what makes cryptocurrency trend and go viral is the fact that it volatile and this has made the whole blockchain interesting, I mean the fact that one can easily turn some penny into a huge amount of money within a short timeframe makes it attract people from  all over the world aside from sending value.

While the volatile nature of crypto space remains attractive and lucrative, it still remains the nightmare to many and hence the need to always ensure safety from the what makes crypto tradable. In the bid to achieve the purpose of trying to grow one's asset without having to expose it to volatility risk, several risk control measures have been set up which include stop loss, but that is not 100% sure to guard users from the price fluctuations, and hence the need of savings and getting returns high amounts of APR and this mimics the bank savings with, but here with higher rewards, if a person saves $1m, he could end the year with a good sum by just holding his asset, while a trader could turn little amount to huge one, it could go at that same rate too, so which one would you prefer as a trader and why

As a trader you always want to be in charge of your money. But if you've got a good savings offer with juicy APR like this one here👉https://www.bitget.com/support/articles/12560603809977 you can take it. But always do your research and be intrigued about the learning process before earning(Result). I'm sure naija folks here are always here to help you if you need it..

Just checked and this is for Africans right? I'm seeing 20% Apr in 7days on Bitgetearn. Hope this doesn't have any risks? 😆. Anyways regarding OP post. I think if you can't cut it as a trader then exploring other means for passive income would work. But trading is way more better than saving except it's something intentional like what you suggested .