Quote from: Jegileman on May 15, 2024, 08:50:20 PM

Quote from: Amphenomenon on May 07, 2024, 05:22:18 AM

This year suppose to be open eye for everyone say na HODLers dey gain m, just see how market dey behave since january though we dey bull season but any small dip you go see news about hundreds millions way traders don lost from leverage while the HODLers dey continue to make profit, traders dey get wins and lost. If you try calculate the total money way don lost for leverage this year you go see say the money don reach billions. JUST HODL

As a newbies to cryptocurrency in general, if you don’t come into the market with the intention of trading, the best thing to do is to Hold. As a newbie also, coming into the market with the intention of holding can still be first learned while holding to some coins and watch how the market transgress. Crypto trading and Hodling cryptocurrency are two different things that you need to trade and learn carefully. In as much as holding doesn’t need you to have plenty knowledge on it, you can always learn how to treat your emotions first because they’re very important when it comes to holding. Trading that requires more knowledge, after learning the basics, it isn’t bad to start trading from a demo account before gettin perfect but be ready to lose more money as it can cause you more lost than holding.

You got it right, hold is the best if you can deal with your emotions, and investing what you can lose, or can endure for longterm, don't invest all your resources or money that's meant for a house project, that you will need in a hurry, rather invest cash you won't touch for years to come then see yourself becoming a millionaires in the future is only you can hold for long.

As for me, I'm a trader, I see it as an exercise to get more knowledge in the cypto market, so I trade everyday.