Why HODLing beats active trading every single time... Trading is the fastest way to make (or lose) a lot of money in crypto, and that's why most people who want to make quick money are attracted to it. However, over 90% of all traders lose money and go bankrupt eventually. Here are 4 reasons why you should be HODLing instead of trading. 1. Trading is a zero-sum game that's mostly rigged by those with enough money or influence to move the market. Whatever trends or indicators on the chart you think you can capture, the big guys will always beat you because they will see it before you and most likely, they created it in the first place. 2. Trading takes a lot of knowledge and most importantly time to become profitable. And the more time you spend staring at the charts, trying to catch the market, the less effective your brain functions. That's why the big guys automate most of their trading activities. Good luck beating a robot that uses 0.01 seconds for the same action(s) that takes you 10 minutes to execute, never gets tired or sleeps. 3. No matter how knowledgeable, experienced, and skilled you are as a trader, your estimated success rate is just 10% as over 90% of traders lose money. But when you buy and HODL coins with fundamentals, baring any catastrophic market failure, 90% of the time, the price will go up if you HODL long enough (1 -5 years+). 4. There's never been a single trader in Ford's world's billionaires list, but the number of crypto HOLers on that list has been increasing since 2017. If you want to make real money in crypto, your general strategy should be HODL. #Cryptocurrency
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I agree and thats what I ve been doing! However I wish to start reading more about trading :)