Why I HODL, no trade?

mrgrzechu (33)in #cryptocurrency • 6 years ago

KNOWLEDGE

👉 My first argument will be that I do not need too much knowledge to invest and HODL cryptocurrencies. All I need to do is do a thorough research on the cryptocurrency and possibly contact people who know something more about it.
👉Trading however, to be effective requires a lot of knowledge and experience.

TIME

👉 Another argument will be the time devoted to activities related to HODL and trade. HODL requires a very small amount of time. What I need to do is a few-hour / few-day several days research, purchase cryptocurrencies, transfer them to an external wallet, eg Ledger Nano S or a dedicated one that we download from the website the appropriate cryptocurrency.
👉Trading however, involves frequent observation. I know that some activities can be automated, but no machine can fully replace a human being.

HEALTH

👉HODL allows me to transfer cryptocurrencies on the wallet and forget about them even for a long time, which saves my nerves. Secondly, I choose projects that I really believe even when the market is in the hole I'm not worried this. Sometimes I just look at my Blockfolio because I can not stop myself 🤣. My task is to buy cryptocurrencies at the cheapest price and wait, if the project develops well and has a strong team behind it, success must be guaranteed.
👉Trade is sometimes associated with failure which can translate into nerves or stress. I'm not saying that HODL is not nervous, but I think it is much more limited.