This is often a debate that is talked about in the Crypto community. Are you actively day-trading coins or are you buying and holding long term? It’s interesting to know how the most of us are making money through Crypto.
Trading mostly depends on skill, time and emotion. However, for some who really want to trade for maximizing do short-term trading by taking profit 10%-20% especially when it comes to Altcoins that are paired with BTC or ETH.
If you don’t have a lot of experience in trading, some suggest that you should enter crypto investing with more caution. A conservative and cautious approach will often involve averaging slowly into positions and out of them. As a result, one could eliminate a lot of what can go wrong.
General Differences between Holding and Trading.
• Holding- is easy for most because you can buy and wait for the cryptocurrency to increase in value.
• Trading- is for someone more experienced in this field who is looking for additional short-term gains.
Generally, a lot of people tend to say that “Holding” is a better strategy for the inexperienced investor. On the other hand, some would also say that trading teaches one a host of skills that will help ensure they find success with both their long term and short term investments. What are your thoughts? What is your investment strategy?
Holding helps for many fundamental reasons rooted on a life of trading in other areas outside of investing in assets, money, etc.
I agree! When the market recovers we will definitely see an increase in our investment. I tend to buy on the dips to maximize my investment. Almost everything is on a discount!
Good.
I like Cryptopia Exchange. It allows for one to be more effective for daily trading. More coins and much cheaper. But be weary of some
Thanks for your comment. I agree with your statement in regards to being weary of other exchanges.