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.
Look it all depends on you and your mindset.Trading is also a good option but with low profits. If you trade altcoins it will probably give you 1x or 2x on your investment but if you hold the right coin at the right time it can give you up to 30x-100x.
Now let's do some maths if you trade daily and for instance let's assume you're profitable on a daily basis. It'll take 20 days to get that profit and you'll stress as well. But are all trades profitable? No. Do all trades give 2x? No. So people who have spare money like to get some sort of chance of multiplying them on altcoins.