Must you HODL or commerce cryptocurrency? This beginner-friendly information explains each methods, their execs and cons, and which one fits your monetary targets
Cryptocurrency has created two distinct kinds of buyers — those that HODL (Maintain On for Expensive Life) and people who actively commerce. However which technique is best for 9–5 professionals trying to develop their wealth?
- HODLing fits buyers preferring a hands-off, long-term strategy.
- Buying and selling is right for many who wish to maximize short-term beneficial properties however can deal with greater dangers.
On this information, we’ll break down each methods, their benefits, disadvantages, and how one can determine which one suits your funding model.
HODLing (Lengthy-Time period Holding)
- Greatest for newcomers and people with a low-risk urge for food.
- Requires minimal time dedication — purchase and maintain.
- Traditionally, Bitcoin and Ethereum have rewarded long-term holders.
- Draw back: Can expertise excessive volatility; persistence is required.