Post
Topic
Board Altcoin Discussion
Re: WHAT TYPE OF CRYPTO INVESTOR ARE YOU?
by
lienfaye
on 08/10/2020, 22:42:14 UTC
It is too difficult to HODL cryptocurrency if you see that it is gaining a lot, and the peak of its price is probably coming. I can say, it is better to be an active trader. Yes, you will lose sometimes (and quite often), but the actives will be always active which means a lot for me, for instance.
If you're a long term holder and the price of your coins are gaining a lot then that might be the best time to sell and take profit. We cant often see the price consistently increasing unless its already a bullrun. Im a long term hodler because its the best strategy that fits for myself as I cant frequently monitor the market just like the daily trader. So I guess it depends what strategy you're comfortable with that can bring you more profit.