Hello I have thought of holding 4 particular currencies which includes BTC, ETH, BNB, UCT. But within me I feels I should trade with them to accumulate more of those currencies maybe before the bear will be finally over I would have ended up having much of them I engaged myself by trading.
I want to know if holding or trading will be more preferred. All suggestions are welcomed.
I hodl BTC.
While I use BNB and ETH for trading to accumulate more. But since I'm not that experience I tend to lose more than I gain.
Though the trading is only short term,
when trading on altcoins to minimize risk, we better analyze the movement of BTC first. that's what i usually do. because altcoins always tend to follow the movement of BTC. buy when red is good. but buying when the bounce is confirmed or there is a price reversal then it's a better entry. and we exit after making a profit. Don't wait for more profit. because sometimes when we wait to get more profits it will only put us at risk and even experience losses. because the real enemy in trading is our own emotions (fear & greed).