Post
Topic
Board Beginners & Help
Re: Trade vs. HODL - avoid traps
by
Out of mind
on 01/11/2023, 01:32:22 UTC
According to me trading and holding are two different things because trading is for short term and investing or holding is for long term.Trading is a business where both profit and loss are faced.If you have a proper understanding of the market and do a good analysis of trading then you can get success in trading.And those who have no idea about trading definitely face losses.On the other hand, holding or investing requires a lot of patience and no one can hold or invest for a long period of time.
Trading is basically a risk full business where most of the time people lose their money, very few people can earn by trading. Those who have a lot of knowledge about the market can only make good amount of money by trading and those who have little knowledge can never make high profit by trading but face losses. Moreover, investing or holding is the best course of action as compared to trading as it has less risk and security and hopes for future gains. However, investing in altcoins has the potential to incur various losses, so one should never invest and hold without being fully informed. Also, you better stay away from altcoins and hold by investing in bitcoins, and investing in bitcoins is never risky. Controlling your emotions in investing and holding is the most important thing to be patient and not to get emotional as the fund loses value when investing due to market volatility. A person who invests for long term must hold for a long time, but he can expect high returns.