I have some altcoins I bought at the ICO stage which did x pricee movement and now are dead while others are still at a stable price but I will like to make some profits at this time should I continue holding or start trading them to make instant profits what will be your advice in this situation.
holding Altcoin for a long time is a good choice I think, but the Altcoin must have good potential!, If the latcoin you hold has an interesting future in my opinion, you should hold it until you get a big profit. to earn daily profit you should trade in good altcoins in the market.
It's true that holding altcoins isn't always bad, because there are some altcoins that are worth investing in long term. Like Ethereum and BNB are
examples of altcoins that do have a very bright future, so ETH and BNB are great if hold in the long term. Because day trading is more difficult
for people who are busy and don't have much time to monitor the market. After all, day trading does require good skills in analyzing the market,
and being able to make decisions quickly. So for a newbie, it will definitely be more difficult if they have to do day trading. Therefore, holding
coins is another option to be able to generate profits that are easier for newbies to do.
I am excited with long term holding on BNB coin because beside price always higher year by year have good choose with BNB giving staking slot, just hold BNB coin on Binance exchange we will earn reward from staking beside every month have new launchpad coin get new coin later. I think with 100 BNB holding will earn much profit later with staking or getting new coin from launchpad but earn profit with daily trading looks interested than long term holding, depend each other which one way choose for earning profit, long term holding or short term with daily profit.