Well trading, investing and then holding for long term all are different things and I think one should have certain portfolio fix for each type of these strategies and plans.
What’s the difference between investing and holding? I don’t know if you can clarify that. If you are in crypto, you shouldn’t keep everything in a wallet. whenever am investing, my target is always for long term, so when am holding I do make use of a non custodial wallet, and I don’t use the wallet for any other thing. If am trading, I do make use of exchange, and immediately I know I won’t be trading for some time, I don’t always leave my money on exchange, I do make withdrawal immediately because I know my money is not safe on exchange. Also if am participating in all this airdrops, I do always have a separate wallet for that, because I know the risk involved in participating in airdrops, so I do make use of separate wallet for that.
Stable090, the way you sounded, I can’t even lie, it instantly threw me back to one of my bruh back in late 2023. He was kind of like you, always sounded like you jst did, though he knew a bit about Bitcoin but instead of narrowing down to just focusing on Bitcoin, he scattered his focus everywhere…. One minute he was shouting about trading, the next he was chasing some shitcoin project with promises of life changing pumps, and then before you know it, he was downloading wallets just to farm airdrops that never even paid him anything tangible…. The annoying part then was whenever we sat to talk about actual investment and Bitcoin, he always dragged the conversation sideways with some hype shit coins…. I used to get pissed off because I felt he was just wasting his strength and his money. And here is the sad reality, till this very moment I doubt that guy can beat his chest and say he has $500 worth of Bitcoin…. All the time, energy, and risk he poured into shitcoins and airdrops could have easily given him a solid Bitcoin stack by now... I pity him sometimes because while others were quietly stacking BTC, he was busy chasing shadows…
Bruh, that is exactly the point I don’t want you to miss… Because how can you be deeply into trading, playing with shitcoins, chasing airdrops, and at the same time trying to build Bitcoin wealth? That is too much distraction, and at the end of the day, it will drain you mentally and financially…. The hard truth is that trading is nothing but speculation you can never consistently predict Bitcoin next big move no matter how sharp you think you are… Airdrops too? Ninety nine percent of them are trash, and they end up exposing your wallet more than rewarding you... My honest advice? Forget the noise, screw all those airdrop wallets and trading headaches, and put your focus on one thing accumulation… As simple as it sounds, that is the only proven long term plan... Stack BTC and protect them in a non custodial wallet, and stop touching them… Years from now, that discipline is what will set you apart from everyone who wasted time chasing hype…