I mostly mine and hodl, but my friend day trades and says I should start getting into it. What do you prefer to do and do you think there is a better route to take? I personally think it's all up to personal preference, I'm new though.
Yes you're right... as a matter of fact it's a subjective and personal choice. It varies from person to person. There are many factors that affects your decision of dealing in the crypto market. Majorly it depends on your risk taking capacity. If you are ready to take risks and accept whatever comes your way, then obviously you'd take a major leap and go for a huge investment. Mining is for those who can afford to have n maintain a reliable system that is secure n stable. While the job of a day trader demands proper attention and time of the person doing the job. See if you ask for a better route, it would be the one that is favourable to you the most. 
Topic: What do you do with your crypto? - page 6. (Read 1931 times)
I do with my crypto. I will hold until i get good price, Because i think crypto it’s my income
I do trading and putting my cryptocurrencies in the exchanges because i know that if i will just put them in my cold storage then they will not do anything and they will be just sleeping there or be idle for a long time so if i will put them on exchanges and try to grow them then i will have a chance to earn more cryptocurrencies and fiat at the same time since they have value in terms of fiat too.
I tried to join the trading and exchange gang, but k failed woefully at it.
Now I'm just gonna stick to holding them in wallets.
Now I'm just gonna stick to holding them in wallets.
I invest in trading and joining ICO project, it is very risky method but i believe the riskier thing you indulge the higher profit we may earn. I usually think deeply and study the projects before i put my capital at risk. So far since at my earliest day of investing crypto, I already generates good amount. That is why im doing consistent until now, im very happy of doing it.
If you can do mining, hold and trading at the same time it will be better and more profitable. But keep in mind, as a beginner in trading, do it slowly, little by little. Do not be greedy. Learn when the trade is needed
I mostly mine and hodl, but my friend day trades and says I should start getting into it. What do you prefer to do and do you think there is a better route to take? I personally think it's all up to personal preference, I'm new though.
Since I haven't enough time to pursue trading, I prefer to hold my coins intead. Hodling is less risky but it will take weeks, months or even years before you earn profit from it. I have several cryptocurrencies in my possession and all of them are solid coins with potential to grow more in the long term. If you are planning to hold a coin for long term investment then take time to research it first before you going to buy.
Mine and hodl will provide you a sure profit, less risk and less efforts. Daily trading is high risk if you are not used to it. If you have plenty of free time and wants to involve in daily trading I think it is better for you to study first about how to trade and when you are confident enough just start with a small amount first and see it for yourself if it is beneficial to you.
I invest it to other altcoins to gain more profit even if its small profit, and I do try trading investing to ICO's and many more. Also I buy things that i want gadgets clothes and many things. Also I buy gifts for my relatives and I help other who in need. I donate some of my money to the charity. I like helping other who are really in need and also i'm saving up for my emergency funds. you know for emergency purposes.
Yes personal preference matters also. If you wouldn't like what you are doing then expect that the result isn't anything so good. It is better if you have the skill on that area so that you really know what to do. But don't close your mind to suggestions or options. What isn't so known might give you the opportunities that you might need. Experience it before dismissing such idea.
I mostly mine and hodl, but my friend day trades and says I should start getting into it. What do you prefer to do and do you think there is a better route to take? I personally think it's all up to personal preference, I'm new though.
I make money of it because that is what the cryptos really about making money and making it in much convenient way. I am very thankful that i knew the bitcoins and all he cryptos because it gives me a source of income. And compared to any work it doesn't take that much time costuming so you can always fo that in your spare time while having a school. Because i am a student and i am proud to say that i am gaining profita in this thing.
I want to trade with coins and tokens that I hold. Most of the time I'm just trying to increase my current holdings with trade. It's less risky in this way, because you'll end up with a coin / token you already feel comfortable with holding on or you end up with Bitcoin.
The choice of what to do with your bitcoin should be your decision after trying the available options. I am holding good part of my crypto currencies and tokens, but sometimes I sell some parts when I have urgent need for cash. I am also using some of them to buy other newly launched altcoins.
The main purposed of my tokens is mainly for daily trading to earn profit , Some tokens are used on staking. I used crypto because I want to have a profit each day to survive my daily life as a normal not rich nor poor person.
I mostly mine and hodl, but my friend day trades and says I should start getting into it. What do you prefer to do and do you think there is a better route to take? I personally think it's all up to personal preference, I'm new though.
I strongly agree with your friends who want to give you good news for you, I also still not long in bitcoin but my friend also said the same thing do trade but I am still at the bounty level and have to work hard.
There are a lot of things that you can do in the cryptocurrencies you can earn. These are the things that I'm doing with my crypto. There could be times that I may be able to trade it into another crypto, and just hodl. Or buy a new gadget. Or support my family. Cryptocurrency is very flexible.
It depends to the holder of crypto or it's crypto itself. If the value of what you hold is high, then sell it. Or if low, hold for a while. I think they has a future.
Or the holders, want to do for their crypto.
Or the holders, want to do for their crypto.
Most the time , i was holding them because i do believe that they will fly to the moon in the future but i still hope that day is happening....
It depends on every individual's preference. You should assess how much risk you can take and be self-aware of your strategy on how to manage your investments. I suggest you should try both and see for yourself which of the two is more profitable. Although, hodling has a higher probability that your investment will grow and be profitable in the long run, when it comes to trading, it has thrill and excitement.
I do not anything, I just hold them to get earning and Traded in some exchanges too
crypto is an asset for the investment, you can get a profit for your investment.
crypto is an asset for the investment, you can get a profit for your investment.
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