Post
Topic
Board Altcoin Discussion
Re: Long time holding, is it a smart thing to do?
by
CircularLoGic
on 23/08/2018, 17:47:41 UTC
Long time holding is a smart thing to do as far as crypto currency is concern. I have realize that, investors try to play smart in the crypto business in that, they begin to dump most tokens to cause a decline in token prices. This will in turn pave way for them to buy more tokens in other for them to hold for long and sell at higher prices when token values shoot up. In spite of this, is long term holding a smart thing to do as a bounty hunter and why?
I learned not to HODL when the market crashed this January. While I do not have a loss as I've already pulled out all fiat exposure + 100% gains last December 2017, I would have had more money now if I didn't HODL. For bounty campaigns, HODL only until the token reaches a reliable exchange. Then keep at least 10-20% as "bonus" as you'll never really know what a coin or token will do in the future.