Post
Topic
Board Trading Discussion
Re: Buy more so you can sell some
by
Mr. Magkaisa
on 06/09/2022, 05:28:15 UTC
Holding is only for those you can afford to take risks for the rainy day and as long as the earth remains challanges are part of human experience and as such so much would tempt one sell some coin. But there is always a short break for every human figure represented on earth where you have little or no need for money but it keeps coming in and that's the best time to invest other than save.

Saving has been the traditional way of planning for the future where people bank their funds in commercial banking sector waiting for when the need to take back from the bank arises even when we had centralized stocks where people could invest in many still thought it was wiser to deal directly with banks other than investing.

Currently the ecosystem has changed and the pandemic outbreak launched in a new era where people's need became even more insatiable and spiked the cost of livelihood. To tackle the present state of economic challenge investing is more.preferred to saving even though it's more risky but a diversied portfolio is more secured than mere saving

- You know one of the beauty and advantages here in cryptocurrency is when you have a selected token or coin that has potential in the market and you are willing to hold it for a few years like saving money in the bank.

The advantage here is that when its price increases a lot in the market, the percentage you get is really big and it depends on the volatility of the coins you are holding, just like for example you bought Bitcoin let's say you bought bitcoin at its current price of 1000$ and suddenly in a few years its price became 100k$ each, just think how much your 1000$ has grown, the amount you previously held maybe 4-5k$ Only 1000$ when you bought, this is just an example.