@CryptoSorted 13 October 2021 more from that month

3 ways to HODL like a boss... HODLing is the least risky crypto investment strategy. Which is why almost everyone here is always telling you to #HODL. But unfortunately nobody ever told you there are different ways to HODL or bother to show them to you until now. In this post, I'm going to share with you the top 4 ways to HODL your crypto like a 21st century money mafia... Maximizing your profit while exposing your capital to minimal risk. 1. Buy and forget it in your wallet The first and safest HODL strategy is to buy a coin or token that you believe in and which has real use cases and adoption and forget about it for as long as you have determined to be appropriate for you. The only risk with this strategy is that the project you invested may die with time and you'll lose your money. Or it will survive but not thrive. Meaning the price may decrease significantly over time, causing you to lose all or part of your capital. As such the coin I would recommend for this HODL strategy are the proven ones like BTC, ETH, ADA, BNB, BCH, LINK, SOL, BAT, PRE, etc. You'll notice these coins have solid adoption or real-life use cases that makes them potential long term HODL gems. Your goal is that the price of these coins will increase with time and make you one of the richest chiefs in your village. 2. Buy and stake or lend If you want to push your risk tolerance further and accelerate your wealth building process, then consider staking the coins you buy in 1 above. There are flexible and fixed term staking for you to consider. Choose according to how much risk you're willing to take. Flexible staking exposes you to lesser risk compared to fixed term staking for obvious reasons. You can exit your position easily to take advantage of short tot medium term opportunities or to simply derisk your capital in case you lose faith in the project, with a flexible staking plan. The benefit of buying and staking is in two fold. First you're betting on the potential future price increase of the coin or token you have staked. Secondly, you're earning more of that token and increasing your original stack of it. This is a beautiful way to grow your money effortlessly. The major risks with this HODL strategy are: a. The smart contract or platform where you staked your coin could be hacked and you lose your money. b. The project could fail and you lose your money. c. The price of the coin may decrease over time, and you lose your money. However if the price should go up, your original capital increase in value and the extra tokens you earned as staking reward also increases in value. To make it even more fun, stake with compounding. Making you richer than if you had just HODL only bit exposing you to other risks. 3. HODL in a liquidity pool (liquidity mining) Liquidity pools are similar to staking and lending. The only difference is that in liquidity pools, your tokens are not going to remain the same amount (qty) by the time you decide to withdraw them. Furthermore, you're exposed to a further risk (impermanent loss -IL) in addition to all the risks of staking. Your goal and expectation with liquidity mining are: a. That the price of the tokens you added to the liquidity pool will increase over time. Causing your original capital to grow. b. The reward you earn from the pool will offset any IL that you may suffer. ...... ...... Now, over to you, what is your favourite HODL strategy...? #cryptocurrency #crypto