Hi guys, I have a couple of alts in my wallet right now and I want to gain profit.
I want to earn a profit while waiting for a better market value. Should I enter trading(where I don't have an idea on how to and where to start) or should I stick on HODLing my coins?
Looking at the market movement, is it a good time to start trading?
Is it risky or not an ideal move if I start to study trading using some of my holdings/alts?
I am eager to learn how to do trading(short-term or day-trading).
Any thoughts? TIA
If you need to earn right away, you can do trading but in doing trading you have to study and learn it first before you do it. Yes it is a good time to start trading but you need to have a knowledge on trading coins. You will earn big from trading it gives you a good profit. If you want to do trading then do the day trading and you have to have your time because you cannot do it with your free time only cause in trading you have to monitor the price in the market if you cannot monitor then hodling is the best for you. In hodling you can also earn big but you have to be patient and wait for the good value. Trading and hodling is too risky. If you want to learn about trading you just have to learn about the exchanges so that you will know how to deal with the exchanges.