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.
It is time for you to understand how the crypto market works especially for altcoins.
If you buy a token and you felt like selling them, all you have to do is to go to Coinmarketcap cap and search for the token so that you can know the exchanges that are trading it. This could help you sell your token especially going to the exchange and create account so that it will enable you to sell it if you don't see anyone that is ready to buy it from you. And if no exchange is trading it, then you have lost money.