If you feel lost in all these stuff like trading, hodling, altcoins, leverage etc… Here is what I do.
If I had to describe what I do with one word, it would be ;
That’s right I hodl. I do it for years and I made fat bucks just by doing nothing.
I don’t trade, I don’t make leveraged trades neither. From time to time, I play with altcoins but I usually end up with going back to the original, bitcoin.
The majority of my holdings are in bitcoin. I hodl some small coins like Litecoin, Monero too but not as many as Bitcoins.
Why do I do that?
- The longer you play, the higher chances to lose. Trading is not much different than playing in a casino. I’ve seen guys who made super profits from trading but I am not those guys. I like the passive income more. You really don’t have to do anything other than sitting tight. You can enjoy your time while doing some other stuff like playing guitar or exploring outside. Sitting in front of a screen every day is not healthy.
- Why not altcoins? There are hundreds of thousands of them and solid ones like Litecoin or Monero are already big enough. They won’t be giving you more profits than Bitcoin. They may actually but it won’t make much of a difference. Unless you have super sharp eyes or insider information about a coin which is going to get pumped, you are better of staying away from alts. People made a lot more just buy holding eth or ripple during the 2017 boom but that times is over. Those coins are already big now. If you buy them now you won’t make that big gains again.
Be on the safe side, hodl your BTC’s tight.