What I mean by straight HODL is that your hold through the crashes and the rises until you inevitably cash our and by trading I mean that you hold for a few months and then sell into fiat and wait for the expected dip/recession.
What i've noticed over the past years is that if I was less greedy and just cashed out after a reasonable profit and then held until the inevitable crashed, I would have made much more money than if i just held or bought another coin.
An example of this is when I bought eth at 475 and sold at 1380. Right after I sold I bought ltc at 230 thinking that it was gonna skyrocket after some of the money from the eth will flow back into the other coins. The problem with that was that the entire market crashed and so if I were to just hold my fiat i would have been able to easily double my money.
Let me know what your guys's thoughts are on this.
from your experience, I think you need to look more deeply for the ltc because I think litecoin still need too long before it could increase and I don't see that litecoin will go up in this short time. but I think you could still hold your litecoin until the price is up again and I hope that you still have another money in your wallet so you can continue to trade. but I see that you can make a lot of profit for selling ethereum and I guess you learn from your experience.
Yes LTC need more time to grow up, you have one more option to get back your loss that is day trading. LTC price is fluctuating b/w $10 - $20 so if you are a pro trader you can use this opportunity and slowly earn back your loss but this is too risky.
These altcoins have little buying prices and same little selling prices. As you have talked about LTC that it is in between $10-20. This is really risky to even trade in it. Because price fluctuations are so low that you can lose it if even little careens is shown.
Although buying prices are affordable for most of population but see the complexities they have. Go for smooth and easy bitcoins that have high fluctuations and easy trading.
A lot of people practice the slowly earning back your loss with that for sure, but it is a whole lot risk to trade and doing that is just more like trying to day trade which if you are not careful without any knowledge or experience on trading generally, anyone will always end up missing it and even losing more. Straight holding is always good if you cannot trade, but trading is better as long as you are sure you can.