Hello I have thought of holding 4 particular currencies which includes BTC, ETH, BNB, UCT. But within me I feels I should trade with them to accumulate more of those currencies maybe before the bear will be finally over I would have ended up having much of them I engaged myself by trading.
I want to know if holding or trading will be more preferred. All suggestions are welcomed.
In a bear market situation I highly recommend holding rather than trading, especially if you are a newbie, it is very risky if you force a trade.
There you will experience losses if you trade without having good knowledge and analytical skills. Moreover, the 4 coins that you mentioned,
3 of them are top coins, so it is very profitable if you hold the coins in the long term. We really have to be careful in a bear market situation like now,
don't take high-risk decisions. It's better to avoid high-risk options, so please just hold the coins you have now. Indeed, to make a profit,
holding coins takes a longer time when compared to trading, but most importantly holding coins is relatively safer to do. We just need to be patient
waiting for the coins we have bought to reach the target we have set. Actually holding can also generate very large profits if we continue to accumulate
the coins we are holding.