Post
Topic
Board Altcoin Discussion
Re: HODL Strategy - Exchange Coins
by
CryptopreneurBrainboss
on 06/05/2021, 14:01:55 UTC
All the coins/tokens you picked have increased by multiple times. Holding those won't bring you huge profit. If it were me, I would apply similar strategy but with less known exchanges/platforms. Some of typical examples are BAKE (bekeryswap) and BANANA (Apeswap). Both these tokens have just increased by many times in the last couple of weeks.

Don't think in that manner, as they can still give huge returns. In fact most times we have to ignore the random projects pumping up every now and then and just focus on those that are actually having an impact on the community. Early this year binance was trading around $40 and I was seeing similar advice all round the forum on how others less costly project are more likely to give higher profit than binance coin but today the story is different.

While you made good choices in your token selection, you can play the safe game and diversify (although not much of diversifying since they're all altcoins in the same market) that's tinsane invest in both the high market cap coins and the low market cap.

Seems both bake and banana are having an me corrections so it might be the right time to get in but do your research so you don't buy while the market is still correcting.