586
Cryptocurrency Trading / Re: Trading Vs Hodling
« on: January 16, 2024, 03:57:46 PM »We all know trading is a risky business where you can lose money just because of market volatility. None of us can tell when market volatility will start and you will lose your money, that's why it is better to avoid such trading. Although nowadays most of the people are involved in trading business and they do this trade constantly hoping for high profit but it is the highest risk and people lose a lot of money here so trading is not a risk free trade at all.Looking at the two, I think everyone would agree that hodling is less risky than trading. But this should not be misunderstood, I mean not all coins are worth holding for a long time, we must really see that the coin can be very profitable for the future, bitcoin is the best choice.
Hodling is a risk free and profitable business where people get high returns. When you hodl, you definitely leave an asset for the future from which you can earn a lot of money. Whereas trading is risky but hodling is never risky it always leads a user to higher profits. We know hodl is gold so when you start holding your plan will be higher where you will get huge amount of income. So you refrain from trading and hold for a long time which will give you huge returns, of course you use a secure wallet.
But hodling also requires a very mature preparation, otherwise it will make us lose money. For example we force to buy coins, it is an unwise decision. Because it could be that in the middle of the road we need something urgent, while the money we invest is money that was intended for that urgent thing earlier. We must be able to manage finances, including in allocating for the money we will invest.