Topic: Tradding Vs Saving, which is the safest way to build crypto holdings (Read 235 times)

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..

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

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.

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

Two things dey involved here which are Bitcoin and altcoins. I don't see a point in trading Bitcoin. Wetin we suppose to dey do na to dey accumulate am then we hodl am because history dun show say na hodlers dey benefit pass for this industry. When trading you fit lose your Bitcoin irrespective of how careful wey you dey think say you dey. The lost fit come from not using a stop loss, wrongly timing the market or hack because when you dey trade obviously you dey exposed your Bitcoin to many risk on the exchange and if we're being honest, many traders dey use centralized exchanges for our trading (which isn't that bad) but they exchange no get any better security wey go for stop hackers from stealing your Bitcoin and the best they can do is a compensation while others exit scam without remorse.

Altcoins can be speculated upon as they're a gamble but you suppose know say wetin you dey do no dey reliable and know the risk involved. Overall sha hodling Bitcoin or crypto (involving all the altcoins) is always safer than trading Bitcoin while Trading altcoins for profit can be better over hodling them because alot of altcoin are always worthless after couple of years in the market as newer and more marketable altcoins are getting launched frequently.

Ps: I think your title should be Trading Vs hodling and not what you have there.

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

There is no accurate answer for this because it completely depends on the person and changes from person to person. If you ask someone like me who don't trade often but just as a part time then definitely doing DCA would be a better option for me compared to someone who does full time trading. I would say it should be 70% DCA and 30% trading. Just my opinion and others are free to dispute or challenge this.

Two things dey involved here which are Bitcoin and altcoins. I don't see a point in trading Bitcoin. Wetin we suppose to dey do na to dey accumulate am then we hodl am because history dun show say na hodlers dey benefit pass for this industry. When trading you fit lose your Bitcoin irrespective of how careful wey you dey think say you dey. The lost fit come from not using a stop loss, wrongly timing the market or hack because when you dey trade obviously you dey exposed your Bitcoin to many risk on the exchange and if we're being honest, many traders dey use centralized exchanges for our trading (which isn't that bad) but they exchange no get any better security wey go for stop hackers from stealing your Bitcoin and the best they can do is a compensation while others exit scam without remorse.

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

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.

Better investing with a minimum amount you can afford to loose and not about having all your life time savings to invest on the Crypto currencies. Meanwhile, investing and holding with a set of goal while expecting a market rise before selling is usually safer than trading.
Traders actually counts more lost and can as much stand the chances to gain because they do not t resist market price of when to sell and when to buy as inventors may always consider the market price.

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

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

Two things dey involved here which are Bitcoin and altcoins. I don't see a point in trading Bitcoin. Wetin we suppose to dey do na to dey accumulate am then we hodl am because history dun show say na hodlers dey benefit pass for this industry. When trading you fit lose your Bitcoin irrespective of how careful wey you dey think say you dey. The lost fit come from not using a stop loss, wrongly timing the market or hack because when you dey trade obviously you dey exposed your Bitcoin to many risk on the exchange and if we're being honest, many traders dey use centralized exchanges for our trading (which isn't that bad) but they exchange no get any better security wey go for stop hackers from stealing your Bitcoin and the best they can do is a compensation while others exit scam without remorse.

Altcoins can be speculated upon as they're a gamble but you suppose know say wetin you dey do no dey reliable and know the risk involved. Overall sha hodling Bitcoin or crypto (involving all the altcoins) is always safer than trading Bitcoin while Trading altcoins for profit can be better over hodling them because alot of altcoin are always worthless after couple of years in the market as newer and more marketable altcoins are getting launched frequently.

Ps: I think your title should be Trading Vs hodling and not what you have there.

If you're a newbie, then i will advise you not to trade, instead hold first and learn how to do so, get familiar with the crypto industry and take your time till you're being able to afford for making trade and taking risk in doing that, instead i do advise some to only invest in bitcoin and wait for some time while their asset increases in value since its on a volatile market, then later when they have gathered enough information and resource that can make afford to go for trade, they may start with as little to avoid high cost on loss.