Anyone in crypto space right now and who has been active will agree with me that one of the vital parts of what makes cryptocurrency trend and go viral is the fact that it volatile and this has made the whole blockchain interesting, I mean the fact that one can easily turn some penny into a huge amount of money within a short timeframe makes it attract people from all over the world aside from sending value.
While the volatile nature of crypto space remains attractive and lucrative, it still remains the nightmare to many and hence the need to always ensure safety from the what makes crypto tradable. In the bid to achieve the purpose of trying to grow one's asset without having to expose it to volatility risk, several risk control measures have been set up which include stop loss, but that is not 100% sure to guard users from the price fluctuations, and hence the need of savings and getting returns high amounts of APR and this mimics the bank savings with, but here with higher rewards, if a person saves $1m, he could end the year with a good sum by just holding his asset, while a trader could turn little amount to huge one, it could go at that same rate too, so which one would you prefer as a trader and why
First of all, I understand what you are trying to say, but I don't actually knows if the savings you are talking about is either fiat or cryptocurrency, but if it is fiat, then I will never encourage anyone to save in fiat, because inflation is the principal enemy that will reduce the value of any money being saved up, but if it's Bitcoin, then I think it's ideal, because it is an asset that appreciate in value overtime, so it's more productive to build your crypto holding by buying and holding, because with that, you can have stability and continuity.
But as for trading, it's actually not a bad thing being a trader, but you need to be highly skilled in the craft for you to be a profitable traders, if not, it will be losses up losses, while holding is much more easier, even to a newbie investors, so the best way to build a good stash of your Bitcoin holdings, is to buy an hold, but saving of fiat is a no no too me.