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.
Hodling signifies the ever increasing price of coins. No one is telling you not to trade or sell at profit but its a good idea to have some coins on your portfolio as the coins are hitting their all time high every cycle and you might miss out when there's a large bull.
Traders might earn more than hodlers, there's no significant price change in bitcoin in last 3 months but good traders have doubled their money even on the sideways market. But while trading, the exit point should be placed at a larger range so you don't miss out on x2 or x4 or x10, specially for newer altcoins.