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Holding Bitcoin vs trading it, what do you prefer?


iamsheikhadil

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Posted

There are people who just don't wanna take much risks and hold their coins instead of trading it and then there are people who wanna make good money and hence they trade even if there's risk.  What do you prefer, is it worth the time to hold and wait for btc to rise or trading is a better approach?

Posted

I think this depends on price if you buy Btc for trading and Btc rate down like 10k to 7k USD then I think you need to hold your bitcoin I also trading bitcoin and when I see price go very down then I hold my Btc and new Btc buy for trading but I must think about price this go up or go more down if I realized price go more down then I not hold and countinue trading with my old Btc 

Posted

That depends on two factors

1. If you are risk taker and have technical knowledge then in this volatile market, you can trade Bitcoin.

2. If you do not have technical knowledge then it is better to HODL and whenever possible accumulate more.

If you have zero knowledge and still you want to take the risk then go ahead I will be there buying more on the exchange. After all it is your choice and your money.

Posted

It's totally depends on your own choice. If you don't need the money soon you should buy and hold your btc. But if you are looking for short time run then it's better to make trade with proper observation. Most of the source says btc price will rise huge in future. 

  • 3 weeks later...
Posted

I'm not a day trader so it depends on many factors. In general i love to trade bitcoin often but when I don't have plans of trading I keep my funds safe in Atomic wallet. It's a non-custodial wallet and also has a built-in exchange. So even if am not trading on exchange, i can still do something in my wallet. 

Posted

Well as I do not involve myself much if at all in trading so holding Bitcoins would be the primary option for me to do. It seems though I prefer to gamble my Bitcoins rather than holding them.

Posted

if you bought nice amount of btc at lower price, then its better to hold and wait for the right time to sell, and if you have a normal amount then play with the market, just put them at some exchange and start trading, also you can invest in forex trading which is more better and profitable than normal crypto trading.

  • 1 month later...
Posted

Since I came here to be part of the cryptoecosystem I started to buy parts of bitcoin and hold it, then I understood that the most difficult part of being here in the ecosystem was not to buy it but to create it as anybody can do the "shopping" but very few can do the "creating" because when you try to do the second option means that you should go in the deep of the bitcoin concepts and means that you have to start learning and taking time and loosing friends and all... so I took the hard way and became a trader, and what I do is to take only a percent of what I could bought with regular fiat salary money and trade it in order to make more satoshis.  It has been a hell of a ride and I am so happy because I tested myself taking this opportunity to learn.  

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