Holding or trading, which is more beneficiary?
Over the past few days, I have been reading and watching something tutorials about those who have become successful in the crypto industry most of their stories have motivated me in no small way. After reading and watching different videos on success, the question Holding or trading, which is more beneficiary? came to mind.
You will agree with me that both are good ways to earn more crypto but their means of earning differs a lot. As steemian, holding the asset helps you to earn more because the business of steem is the business of steem power.
In my opinion, the place you find yourself determines if you are to hold the asset or trade the asset. If you have your asset stored in an exchange like Binance, holding it without trading or staking will not yield any return. Hence exchange like binance, what is obtainable is trading the asset and not holding it.
This implies that steemit, as a platform that holds the asset, is more beneficiary than trading it because, with more SP, you can be able to earn more curation rewards. As we have also seen, those with good SP either earn via curation or by delegating and getting bigger upvotes. In whatever way you wish to earn the key points is that you should have a good amount of SP staked as yours on the platform.
Trading crypto assets on the other hand can be very risky but we all know that life itself is a pool of risk. Hence once you have your asset in any of the exchange platforms, what is recommended is that you trade it and not just keep it without usage. You can diversify your asset by buying low and selling high or you can enter some markets and set your target i.e. stop loss and take profit or you can lock it up on Launchpad to earn new crypto assets.
The summary of this is that as a crypto trader, you should know when to hold and when to trade. In places like the steemit platform, holding is the best option because that gives you more return. In places like the exchange, trading is the best option because it helps you earn more instead of holding it and just waiting for the price to move forward.
Disclaimer:
This post is made as an education and not investment advice. Digital asset prices are subject to change. All forms of crypto investment have a high risk. I am not a financial advisor, before jumping to any conclusions in this matter please do your research and consult a financial advisor.
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This is so great content. I know a lot of knowledge from this content.
Personally, I think trading is more important than holding.
Trading you can take advantage of the buys and sells