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Cryptocurrencies | Safe Hodling vs Piling Up Coins

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Written by   82
2 months ago

I'm pretty sure that no one is OK with the progressing downward moves occurring in the altcoins. Although, as investors, we wish to make a move the prices of the coins arrive at the ideal levels, they may not react in the way that we expect. In any case, for several days, I've been scrutinizing the advantages of two separate choices may be taken by the investors:

Would it be advisable for us to exclusively hold and keep the altcoins such as Hive, BCH, XMR, CRO?

Would exchanging (buy low; sell high) be more valuable contrasted with holding?

HODLING: Pros and Cons

At the point when the tokens or coins are marked, bolted, or saved for stamping, they are confined from the business sectors where individuals trade assets at a moderate cost. Thus, if hodlers keep their tokens in the framework in stake or well-stored, they don't bring forth an expansion in the measure of coins hanging tight for trade between merchants. The more coins cease from trades, the less gracefully will be reached. Subsequently, existing coins will turn out to be more significant (Because the purchasers need to acknowledge purchasing from a greater cost on the off chance that they need to claim the resource)

In another situation, the quantity of staked coins and open for exchanging ones will be imagined as proof that the tasks are supported and the network trusts in a superior cost for the resource. In any case, when different boundaries that may cause individuals to acknowledge or distinguish as a fruitful one, the idea that is referenced isn't exceptionally compelling.

As far as Holding alone, we can spare our coins being exchanged trades. The motivation behind why I pick the action word "spared" is because, once, the origin of your coins is traded among you and another gathering, at that point the one(s) are allowed to control the resource being possessed. That is the reason that solely holding we can spare our coins from losing more worth.

www.bitcoinist.com

Piling up Coins from Exchanges -> Buy & Sell + Add Volume

As dealers, if we need to build the quantity of coins that are claimed without anyone else, at that point we have exchanged as the subsequent choice. Expecting that we sell the coins that we own from 100 sats and purchased lower at 70 sats, the measure of coins that are claimed by us increments slowly.

Even though we exchange to take benefit, I suggest each broker or trader to have a portfolio wherein they distribute a rate for the allocated money that they can invest in the project that they really trust. Suppose you chose to dispense %15 of your venture for Hive or BCH or ETH, at that point you can exchange BTC/X pair with a purchase low, sell high methodology.

On account of exchanging, the volume will go up; the support lines become more grounded and the coins can be possessed by the ones who are long term bullish on coins.

One final thing that I need to specify is that some value is additionally recognized as mental obstructions. Concerning me, some levels are the mental region that may influence individuals contrarily once the cost goes down under this level. Somehow, x number of digits ought to be utilized to inspire hodlers.

I feel nearer to the possibility that "purchase low and sell-high" and add volume to the coins in exchanges. For the extremely present moment, some levels are ideal for additional buys and X sats can be utilized as sell levels. However, all these market-production taking activities are to be done progressively. Without doing holding nothing back purchase/sell tasks, more vigilant advances are to be taken.

I'm almost certain that all of you need to plan something for increase the value of our environment. Yet, without outsiders, we can't demonstrate the intensity of the projects to the entire crypto-world. To be more appealing, though dynamic association in other online media stages, we should show that the coin is significant and requested by thousands.

We can easily broaden these assumptions for hundereds of projects that are promissing and valuable for the crypto ecosystem. As a person who believes in the future of (primarily) Hive, BCH, ETH and AVAX, I decided to bring some volume to the market by trading these gems. However, there is a risky factor that I should consider.

For those who are not familiar with support and resistance lines; bullish and bearish trends and several fundamental knowledge over the crypto trading, then it is not a good idea for them to trade very often since crypto ecosystem is a bit volatile compared to major stock markets. Also, one more paranthesis can be opened for the fact that crypto market is 7/24 open and if you do not think that you can spare your valuable time to this operation, then buying and selling your assets, though for the sake of a good intention, may not be the best option.

For some time, I will put on my trader hat again to observe my performance to be able to decide how to balance my strategy on the coins that I want to own more.

What is your strategy for the cryptocurrencies that you support and for the sake of your wealth?

Do you choose to trade or hodl as a better option?

Please share your strategy to enrich us 😌

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Written by   82
2 months ago
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Comments

Am holding some of my crypto, then when the rice hikes, I swap some to stablecoins.. Btw, how to withdraw stablescoins to real cash,?

$ 0.00
2 months ago

You only own a BCH Wallet on the platform so you cannot create any transaction with other currencies. Yet, you may use Changelly or other swap operators for your aim.

I choose to hold my stablecoins on Nexo and you may check Nexo platfrom from one of my previous posts to have an idea 😌

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2 months ago

Is there an interest if i will hold stablecoins at nexo?

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2 months ago

Yes dear, you can get %8 interest without hodling Nexo tokens; you can get %10 interest if you hodl Nexo token, too.

The dijital assets are under the protection of Bitgo and I choose to get interest on my stablecoins thanks to the platfrom. If you decide to trt it, please be my referral 🤸🏽‍♂️

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2 months ago

But they don't have bch though 😥

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2 months ago

you can also earn staking reward for cryptocurrencies such as BTC BCH XRP LTC mate. Please check carefully, I send my BCH to my Nexo wallet to earn daily staking reward ^^

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2 months ago

Oh sorry i was thinking blockfi 😅 Btw, when you stake your crypto on nexo, will the value of it still change? Just like how volatile the crypto outside nexo

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2 months ago

Yes mate, of course. They are not stablecoins ^^

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2 months ago

Oh.sorry am just new here 😅 thanks

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2 months ago

Brilliant one

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2 months ago