Shaf
Verified member
If you ask any investor who has been into cryptocurrency for long, has a lot of capital and knows the ins and outs of the market, they would always advise that either Bitcoin or Ethereum form a major part of your portfolio.
Most do advise that 20% of your liquidity should be used while some say 10%.
Now, it's important to know if what you want to do is to trade or hodl that Bitcoin and even accumulate more to hold for years. This is because each strategy requires different approach to be effective.
Generally, it's advised to buy low, sell high and repeat the process, or to use dollar cost average to accumulate if you want to be a holder.
Each strategy also has its advantages and disadvantages. Without the right skills, you can lose serious money while trading especially if you use leverage. However, you can make food money here which can be used to accumulate more of Bitcoin.
With holding, you have to keep in mind the uncertainty surrounding Bitcoin, and how future events might affect it.
Which would you do though, Trae or hodl Bitcoin, and why would you do that?
Most do advise that 20% of your liquidity should be used while some say 10%.
Now, it's important to know if what you want to do is to trade or hodl that Bitcoin and even accumulate more to hold for years. This is because each strategy requires different approach to be effective.
Generally, it's advised to buy low, sell high and repeat the process, or to use dollar cost average to accumulate if you want to be a holder.
Each strategy also has its advantages and disadvantages. Without the right skills, you can lose serious money while trading especially if you use leverage. However, you can make food money here which can be used to accumulate more of Bitcoin.
With holding, you have to keep in mind the uncertainty surrounding Bitcoin, and how future events might affect it.
Which would you do though, Trae or hodl Bitcoin, and why would you do that?