Post
Topic
Board Altcoin Discussion
Re: Do you trade altcoins during the bull run or just hodl?
by
tsaroz
on 29/02/2024, 23:49:43 UTC
Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?

Just holding won't bring you a profit. To avail the profit on a bull run you need to sell. But selling everything early would make you most of the profit earning opportunities.
Bull is a time when buying at any price point can potentially make you a profit next day. But there are risks of you buying at the top and not being able to sell when it crashes.
For these reasons, we need to have a safe approach. It comprise of selling your holded coins on small batches, starting from a reasonable price point to greater than the last time's all time high. Keeping most of it in fiat based currency, reinvesting the rest profit looking at the technical movement of the coins. So, you need to both trade hold and buy.