What's your approach to cryptos... Do you buy to hodl, trade, or both? — @MightyTalon on read.cash

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@MightyTalon 10 February 2021 more from that month

What's your approach to cryptos... Do you buy to hodl, trade, or both? I feel like I need more patience than I currently have, for hodling. #Crypto

+KT
+BCH

5 comments

@BitcoinBaby 10 February 2021

Bought some to hodle (80%) bought some to trade(20%)as just hodl is indeed a bit boring
- @MightyTalon 10 February 2021
  
  I think your ratio of hodl to trade is good... it leaves enough room for fun but without that fear of losing the majority of your investments
  - @BitcoinBaby 10 February 2021
    
    Thanks, that was my take as well, as at the moment my hodle gains are still higher then my trading investment so 80/20 is looking good for now.
@Elp_buidl 11 February 2021

Both. I buy tokens of projects I do believe in. As soon as I can I take my initial investment back and secure it into a stablecoin (e.g. usdc, paxgold, dai) then I stake and hodl. The rest remains in the projects and I take back some profit time to time to secure, etc🐸💦
- @MightyTalon 11 February 2021
  
  Aah that's a good tip - thanks! It looks like staking is the way to go, rather than just trading...

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