Hey guys. Just to clear up a little misunderstanding I've got. There's something I don't quite understand and it is what happens after people hodl coins and altcoins.
So, we all say that hodling is better than trading, yeah? And I think the only way to earn from cryptocurrency is by exchanging it for fiat currency, right? Meaning, the hodling is just for the value to increase over a while and then you still trade it right?
And for the altcoins, after buying altcoins, what happens if no one wants to buy them from you? You know a lot of altcoins aren't all that popular so how do people even sell off their altcoins? Can you even hodl altcoins?
I know those are a lot of questions, but I keep on getting it wrong in my head. So thanks in advance for the answers.
I don't understand the first. The second thing you said is right. Sometimes, the coin you hold will become trash. No one will buy it anymore. And that is investing, not just buying and hodling will make you rich. You must buy and hodl many good coins, potential coins. Remember, almost 50 of the top coins from 2014 are dead. Only around 5-10 survived.