Topic: Tradding Vs Saving, which is the safest way to build crypto holdings - page 2. (Read 235 times)

As a trader generally our core motives is to get profit as much as we can get. Although the both approach is very risky and it involves strategic calculation, therefore I will fancy trading my coin and keeping my profit and capital with me. I wouldn't want an situation where I will go and stake my coin in any platform and still find myself under a centralized authority that will dictate amount I will get at the end of the staking period. The same thing that we are trying to avoid from the fiat system. I will trade my altcoins on daily basis and gather my money. If you an active trader with $1m, trading on spot market alone will give you more than what staking will give you within same period of time. The only coin worth holding is bitcoin, so I will use part of my profits I'm making from my trading and invest in bitcoin, as it is the only coin that's worth our loyalty. As a trader you are in full custody of your funds and you can easily change according to market trend, but the moment you stake your coin for loyalty rewards you will find out that there is little or nothing you can do as you don't have total control of the situation. Even if the trends of things in the market is changing, you can't change alongside it, as your funds are locked up somewhere else which you can't do anything until the staking period is over. This is why traders have the upper hand.

I done carefully go through waiting you write and if you look am you talk true and I done enjoy trading and I done also benefit from am, and despite say people they fear, people still they adopt. And if you look way nails people they put body, the thing make sense. And crypto they come with a lot of opportunities and if you learn well true true you go make money from trading. And as people they make profit the same way people  they increase their establishments, a lot of things they involved but people no wan even like stress na very few people they trade comfortably even with waiting they happen for market. 

And trading get risk but nothing concern people with that one, no pain no gain so its better to risk it. Me I even prefer make I they trade than make I hold if I get better money I go hold but for now trading is the way, you go get money to sustain your self, because if you wan hold you go wait and that waiting I must not touch am, I go get were I they see money chop before hunger go wire me. People get reason why them choose the one them they do.

Yes, the volatility of bitcoin development is its uniqueness not just from the fiats but also as the stock values. It has really gained massive dominant all over the world because>>>
* It is unified currency in a digital form.
* It is a volatile currency.
* It is potential to legal tenders for payments alternative.
* It is a self custodian currency.
* It serves potentials of earning incomes.

But I would quote you wrong Op that it is not a get rich quick as you may say (Short timeframe) unless you are ready to gamble with your funds.
While I do not have to live you astray with this, I recommend bitcoin investment safer for you especially the beginners who has always been victims of the shitcoins.

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.

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.

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