Having seen the massive rise of cryptocurrency prices in the previous year, I have seen that if one gets a coin at the right time and holds it before the prices pumps up, there would be huge gains. But then, the frequent bearish attitudes of the markets also affords one some gains.
Among these two strategies, which is better and which d you recommend?
Personally i see holding as the safer strategy because as long as your never sell you dont incur any losses, so all you have to do is just wait out the bear market. The problem with this strategy is that if the bear market lasts too long, youll have a lot of funds tied up in a non appreciating or even depreciating asset when it could be making money elsewhere. Plus trading allows you to take advantage of certain opportunities such as drastic price drops where you can buy it at or high points where you can sell and buy lower.