i dont think holding in this time will bring us more profit than trading when the market is getting higher back higher every day, holding wont help you get more profit so as trading when we can easily have the huge profit everytime the matket fluctuates, and also be able to control our fund more effective and safer than just holding.
That's a common thinking of those who can work with day trading, if you can proceed and make any good trading strategy you can practice and make a good profits each time you play with the sway, make sure to assess and analyze your skills.
It is definitely a HODL and not a day trade. You do the cost and benefit analysis before making a financial decision and I think that right now, when the rise in the value of Bitcoin is so dominant, you should not really look for low money but some good profits. If you cash out now, you might make lets say $2000 but if you HODL and take risk, we might see another big surge in days to come which would impart some great value to your current investment.
Holding is really a perfect option for those that cannot or do not know how to trade, or those who feel they are this greedy type and cannot control their greed, but trading has lots of profit to me provided you know how to trade and willing to take risk. From the point bitcoin started rising, do you know how many dips we can count, and how many increase we can also count for those dip?
Just recently that bitcoin jumped from $7000 to $8000, that would have been $1k dollar for someone within few days, now there is a correction back to that $7k, if the person buys and bitcoin goes back to $8000, that is another $1000 making it $2000 in a month, calculate that for a whole year if bitcoin follows the same pattern.
