Trading Or Holdings - page 3. | Bitcointalksearch.org

Smack That Ace

legendary

Activity: 1750

Merit: 1094

Assalamu Alekum

Quote from: King GK on March 03, 2023, 05:10:49 AM

I want to know the opinion of our community that which is the best option. Just do both trading and holding. You need to trade most of the bounty tokens/ coins 🪙 to exchange with the top altcoins bitcoin. And hold the potential altcoins to wait for the raise of their price. I do this way to gain more benefits from the values of the coins/tokens.

I used to hold a lot of tokens/altcoins of bounty campaigns in 2017, and as you know, all of them are trash and useless now. So what you are doing is right, never hold tokens from bounty campaigns, they will soon turn into junk, so convert them to bitcoins as soon as you get them. You should also be careful with top altcoins, there's no guarantee they won't crash like junk tokens, only bitcoin is the safest.

salad daging

hero member

Activity: 1624

Merit: 791

Bitcoin To The Moon 📈📈📈

If the token/coin that is get in the bounty then it is better to exchange it on bitcoin it will maintain value than other altcoins I do not recommend staying on altcoins because it tends to be worse because the value in the market is uncertain, I thought it was the same as the coins that were obtained for the first time but in terms of experience then bitcoin is the main suggestion.

About trading, you have to have the skills to do it, if you can do it, it doesn't matter or be accompanied by both between investing and trading, but keep in mind there are several methods for trading that are correct and neat, that's what beginners need to understand.

But usually for beginners it's better to hold on to bitcoin.

Maestro75

sr. member

Activity: 1960

Merit: 329

Quote from: tvplus006 on March 03, 2023, 09:32:41 AM

It makes no sense to hodl altcoins that you received from the bounty, since their price will tend to zero.

If this is true why do members rush then to involve themselves in bounties as you have said of its worthlessness? Is it that they do not know or they just want to do it and been seen as members wearing campaign signals? This is not only minutes to new members because I have seen high tanked members who are also involved in bounties.

Quote from: tvplus006 on March 03, 2023, 09:32:41 AM

If you are not familiar with trading, then just hodl BTC in your wallet.

This is a valuable advice and will work out well for those who have their focus on holding for a long time and not those who sell almost immediately they bought.

348Judah

hero member

Activity: 714

Merit: 521

Quote from: King GK on March 03, 2023, 05:10:49 AM

I want to know the opinion of our community that which is the best option. Just do both trading and holding. You need to trade most of the bounty tokens/ coins 🪙 to exchange with the top altcoins bitcoin. And hold the potential altcoins to wait for the raise of their price. I do this way to gain more benefits from the values of the coins/tokens.

The two options were good and advisible preference to make, all that is needed is to understand how it's been done, but i will add to this that you shouldn't hodl altcoins for long, they may fail atimes if the oroject does not work as planned considering many of their kinds gone already, if you're to hodl, then focus on bitcoin, kearn about trading as well, it's another fast means of making profitable investment within a short period.

Ryker1

sr. member

Activity: 1918

Merit: 442

Eloncoin.org - Mars, here we come!

Quote from: King GK on March 03, 2023, 05:10:49 AM

I want to know the opinion of our community that which is the best option. Just do both trading and holding. You need to trade most of the bounty tokens/ coins 🪙 to exchange with the top altcoins bitcoin. And hold the potential altcoins to wait for the raise of their price. I do this way to gain more benefits from the values of the coins/tokens.

How many times have I heard this question, but now --there is something different with your question.
There is a complex one that depends on individual circumstances and risk tolerance for both options, it depends on different strategies that may be suitable for different people. Trading in crypto can be a profitable endeavor, but it requires a significant amount of time and effort to be successful. Traders must have a deep understanding of market trends and be able to quickly adapt to changing market conditions. While holding it can be a more passive approach to investing. This strategy involves purchasing coins with the expectation that their value will increase over time, especially bitcoin not altcoins or those new coming projects like hyping their fancy tokens.

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

Quote from: King GK on March 03, 2023, 05:10:49 AM

I want to know the opinion of our community that which is the best option. Just do both trading and holding.

Holding is better than trading.

Doing both will lead to a most common and terrible mistake: you store your bitcoins on centralized exchange and do both trading and holding there. In practice, you will not know what part is for trading and what part is for holding. You misuse a holding part for trading very likely and it's start of nightmare.

Quote

You need to trade most of the bounty tokens/ coins 🪙 to exchange with the top altcoins bitcoin. And hold the potential altcoins to wait for the raise of their price. I do this way to gain more benefits from the values of the coins/tokens.

Bounties are very useless and waste your time.

Potential altcoins? You will hear this term very popular in bull markets but months later in bear market, you will see them fall to the hell very easily. Terra LUNA, FTT token from FTX exchange are biggest examples in the current bear market. Yeah, we are still witnessing a bear market.

Macadonian

sr. member

Activity: 467

Merit: 578

I recommend holding Bitcoin but you can trade with altcoins because they are worthless any way and if you make mistakes trading altcoin it probably will not be much. Bitcoin trading is different because it is worth something and trading can be difficult. I would recommend to not trade unless you have trading experience. I would not call trading shitcoins experience because it is playing with worthless money.

EarnOnVictor

hero member

Activity: 644

Merit: 592

Leading Crypto Sports Betting & Casino Platform

Good question from a newbie! Trading and investments are so much related and according to my experience, it's good for one to do the two together. Holding is an investment whose risk is minimal compared to trading whose risk is higher. If you invest in Bitcoin as an example and hold it for a reasonable length of time, you will highly likely gain something from your investment. All it needs are your patience and the investment should be done at a reasonable price.

But you need good expertise in trading to gain from it. You must be speculative, managerial and even lucky to consistently gain through it. The chance of newbies losing all their money in trading is high unlike in holding (investment).

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: King GK on March 03, 2023, 05:10:49 AM

I want to know the opinion of our community that which is the best option. Just do both trading and holding. You need to trade most of the bounty tokens/ coins 🪙 to exchange with the top altcoins bitcoin. And hold the potential altcoins to wait for the raise of their price. I do this way to gain more benefits from the values of the coins/tokens.

It makes no sense to hodl altcoins that you received from the bounty, since their price will tend to zero. Buy bitcoin and if you know how to trade, try to increase their number in your wallet. If you are not familiar with trading, then just hodl BTC in your wallet.

Maus0728

legendary

Activity: 1904

Merit: 1563

Bitcoin Casino Est. 2013

Yes, that's quite similar to what I did when I first started out. Whenever I received an airdrop with an existing value, I immediately sold it for Bitcoin, as most of these airdrop tokens can become worthless over time. After that, I primarily held onto Bitcoin, regardless of its price, unless I urgently needed some money.

As for trading, I believe it can only benefit you if you truly understand what you're doing. Trading isn't as simple as buying low and selling high because you're competing with other individuals who may be more intelligent, corporations that have greater access to information they can use to their advantage, people with more experience, connections, or wealth than you.

Therefore, you can't just jump into trading right away, especially if you're unsure of the process to become profitable in the long run and make a living out of it. But hey that's just me.

lovesmayfamilis

legendary

Activity: 2072

Merit: 4265

✿♥‿♥✿

Do you hold altcoins, and how much profit did you make? If only everything was that simple. Most of your altcoins will turn to dust very quickly. When it comes to trading, without knowledge, your ardor and your ideas are also going to be disappointed.
The easiest and most working option, if you are a beginner, should start with Bitcoin. Buy and hold. But if you're hoping to stick to a trade-and-hold strategy with altcoins, then this path will lead you nowhere.

Quote from: King GK on March 01, 2023, 05:24:37 PM

Since cryptocurrecy is gaining more popularity can you quite your job
to bounty hunting or take bounty as a full time job despite the fall in cryptocurrecy
Your advice please........

And never again believe that you can live completely on the profits from the bounty, these are illusions.

King GK

newbie

Activity: 14

Merit: 0

I want to know the opinion of our community that which is the best option. Just do both trading and holding. You need to trade most of the bounty tokens/ coins 🪙 to exchange with the top altcoins bitcoin. And hold the potential altcoins to wait for the raise of their price. I do this way to gain more benefits from the values of the coins/tokens.

Topic: Trading Or Holdings - page 3. (Read 319 times)