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).
Unless you are targeting higher profits, taking things in the long run might bring you that target after buying the dip.
Not an assurance but base from past market movement, the chance is good if you buy during the downfall
then sell if you see the market already recovered and give you the target selling value.
Either you take the day trading or choose to keep your fate with higher target profits, as long as
you take the asset during the dump.