Why to Hold Instead of Day Trade

in hodl •  last year 

J. Paul Getty once said when it comes to investment, “If you want to make money, really big money, do what nobody else is doing. Buy when everyone else is selling and hold until everyone else is buying. This is not merely a catchy slogan. It is the very essence of successful investment.” This statement could be seen as evident during the great Bitcoin downfall of 2013. Despite the market’s accident, some investors still do not feel its impact till date, rather they are smiling.

Why? Holding cryptocurrency, with its special strategy of buying and keeping and maintenance. This strategy is not complicated but a verbatim demonstration of what it is. All you have to do is to buy and maintain an investment, regardless of the market’s downfall or rise. The market doesn’t dictate your investment, rather you dictate the market.

Cryptocurrency day trading can be tempting because of the returns that are generated almost suddenly at each investment, but if we look back in hindsight over the past couple of years, it is glaring that if you bought Bitcoin in S200 and were still holding above S2000, that is obviously an amazing return. So yes, the hodling strategy is advisable when markets have incredible gains.

Considering Day Trading as an Alternative?
The fluctuations in prices of investments could be seen as a result in the growing popularity of crypto values. Even Bitcoin, Etherum and Ripple from this volatility problems because their prices and that of other digital currencies have decreased by 20% and more on at least two different occasions in the last two weeks. However, these three currencies, on the other hand, have had incredible gains since the beginning of the year, and with the speed at which the cryptocurrency booms, it has proved that the “buy and hope (hold)” strategy is the best.

Positive Side of Hodling
A bitcoin remains a bitcoin, so also an Eth is also an Eth. As long as your coins are well kept and secure in a hardware wallet, your cryptos are safe. The cryptos' ownership cannot be transferred from you. These are different from IOU tokens and their fiduciary dollars. There can be a great fear of the security of your cryptocurrency, but in the long run, those who don’t give room for fear and decide to hold when the market is upside wins.

Revenue Turn-around and Volatility
If you are looking forward to participating in long-term profit, hodling is the best option for you. The most important thing, however, is that from the beginning of 2018, the value of a bitcoin has gone up higher than its value in 2017. Of course, a crypto bubble is filled with challenges. Most investors have usually noticed this success by avoiding fear or anxiety and keeping their investments in digital currencies.

The price of Bitcoin can be volatile. Also, despite its many bubbles, the recovery is always bigger and higher every time. In principles, it is always difficult to gain great profits in the long run.

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