Having seen the massive rise of cryptocurrency prices in the previous year, I have seen that if one gets a coin at the right time and holds it before the prices pumps up, there would be huge gains. But then, the frequent bearish attitudes of the markets also affords one some gains.
Among these two strategies, which is better and which d you recommend?
I will not recommend anything since you are the one who will try to find what is your winning strategy.
Some people bags profit only by holding. Some people also earned a lot by trading. Overall, they are both effective strategy. But how do they do that? It's matter of trading test and ability to face all the associated risks the moment they put money on crypto. Since experienced build them, they now know how to deal with the volatility on the way. Yes they still experiences losses but overall, they already gained a good winning stats.
Like I said, you must find your winning strategy in order to win. It will not give you an always win but surely you will have a wonderful winning stats if you play it right. Holding and trading are simple terms but needs some good recipes in order to make a good output.