Post
Topic
Board Altcoin Discussion
Re: A few crypto questions.
by
Mpamaegbu
on 07/04/2024, 06:42:09 UTC
So, we all say that hodling is better than trading, yeah?
Nope, I ain't one of those who believe hodling is better than trading. For me, nothing compares to trading but you've to be good at it to profit from it. Why let your coin lie there when you can afford to trade it and increase its quantity if you know how to trade? Those who scream hodling is better know they can't trade and that's why they choose to play safe by hodling. From whatever angle you look at it – as a project or as an investor, trading increases the value of a project because it subjects it to the market where forces of demand and supply play on it. Hodling doesn't have that ability. Bitcoin was able to attain its value from the 10,000 BTC exchange for two pizzas, remember that famous exchange?

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?
Whether popular or not, you can resell whatever alts you buy provided there's no rugpull on it and liquidity is still there. Again, whenever you're buying alts, especially on Dexs, don't add them using monikers/names. Get their CAs (Contract Addresses) to add them. That way you're extremely sure of what alts you're dealing with.