Hi everyone, good day. I noticed BTC is seeing some good price action today, though I’m not sure how sustainable it will be—let’s hope for the best. I’m not really into futures trading as I don’t have the patience for it. I stick to spot trading and airdrop farming.
Trading can sometimes feel isolating, and while it’s not always difficult, there are frustrating moments. For example, I bought Rune at $5, and it's been retracing for months with no sign of returning to my entry point anytime soon. I guess I’ll just have to hold.
This brings me to the purpose of this thread. To stay active, I’ve got stables in my portfolio and I’m looking for advice. Between launchpools and other low-risk investment options, which is better for retail traders, and what risks are involved?
Your understanding towards trading or hodling will determine if cryptocurrency is very much risky or not. Trading can be very risky because of because of the task that one needs to meet up with, it is something one needs to learn very well and their is no shortcut about it .
Hodling is a bit easy but if one lacks patience to hodl and also lacks understanding about the market volatility I think then it can be considered as very risky for one to go into. Normally cryptocurrency has it own risk but the ability to understand cryptocurrency reduce the risk that it has. The less risky method to invest or trade cryptocurrency is to have a good understanding about it, the better understanding then the less risk.