<snip>
Final Thoughts
For many HODLers, using covesting in order to be able to maximize the profits they generate over the long-term is an optimal solution and one which still requires no kind of time or effort input.
Instead of leaving the capital as a deadweight in the market, investors are able to use covesting to be able to let provably profitable strategies in the market generate higher levels of revenue then they would be able to with HODLing.
To learn more about covesting and about how many HODLers are transitioning their funds for more optimal results, check out
this link.
So convesting basically mean to copy trade and it is a platform. Personally, I'm thinking lately if it will be a good idea to copy the trades of other users to an exchange.
But I'm still assessing the risk of it, I could just literally lose my entire investment if that user that I am following and copying his/her trades suffered a huge decline to the values of coins.
I'm thinking if I will trust my funds to the top traders or just depend all of my trades to myself using my knowlede.
I'm not very well experienced, I lost many trades, but also fortunately managed to recover some of those losses.
I still lacks knowledge on trading until now, so I've decided to focus first holding bitcoins since I trust my bitcoin investments very much.