Buy and Hold or Trade, Which is Better?

Buy and hold or trade crypto's, which is better? The answer depends on your skill set. Both will make you lots of money. The growth of the crypto market will be parabolic for decades. For the next 4 to 5 years, everyone involved in the crypto market, will look like a financial genius. The real test will come from years 5 and onward with regards to your investment skills.

In the trading industry, 90% of participants loose money. It is very hard to consistently earn positive income when day trading. For the first 4 years, people may get lucky with a parabolic market and make money hand over fist. The gains will most likely hide marketing strategy flaws. With that being said, I feel that those who trade crypto's most likely will do well for a while.

I am not the 10% who make consistent money day trading. I fall into the 90% who loose money. For me, buying and holding is the safe strategy. In the past 2 years, I have averaged 800% to 1000% gains by simply buying and holding. This has been a fairly low stress strategy. All that I had to get used to, was the drastic dips or sell offs in crypto's. Once I experienced 3 drastic volatile dips and the subsequent recovery, I became a veteran. Dips and sell offs, no longer effect me. The volatility is to be expected.

The best way to view crypto currencies growth, is by looking at 90 day charts. The 90 day chart gives you a good prospective of a crypto currency/tokens performance. I also think patience is a must. So many people want to be a crypto millionaire within a year. Well, that could happen if you have enough initial seed money, but most people will not have that much. You can be a crypto millionaire, if you have a 5 year strategy and stick to it. This can also be done with having a lower than average daily cost averaging fund. Just investing $250.00 a month, can do wonders for your portfolio (those living in the U.S.A.).

What are your thoughts? Are you a day trader or a buy and hold person? I would love to hear everyone's point of view. This is one of the best aspects of Steemit, is the ability to have a forum to discuss open ideas.

image from: cryptopost.com