Post
Topic
Board Altcoin Discussion
Merits 3 from 1 user
Re: A few crypto questions.
by
Wexnident
on 10/04/2024, 11:24:05 UTC
⭐ Merited by The Sceptical Chymist (3)
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?
It's long term vs short term, long term is a lot more comfortable (at least to me) since you don't need to mind the market all the time, short term is basically you needing to pay attention to the market always, find good coins, buy low sell high, trader stuff. So basically yes, you still trade it.

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?
You can hodl them, I believe top coins would prove that if you hodl them in the past you would've still profited. And as for altcoins that don't sell, well, the sell order is just there. Meaning the coins are stuck with you unless you sell it to a guaranteed buy order price. That's the problem with hodling just any other coin, it's not a guarantee that it's going to sell, that's why people plan out what they buy.