RE: Trading vs HODL Cryptocurrency

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Trading vs HODL Cryptocurrency

in cryptocurrency •  7 years ago 

I personally believe in long term as trading is extremly difficulty to predict the prices. You often just read about those who won and not those who lost. And these who won often having very strange explainations why they believe, it was working out nice.

Additionally it comes that in some regions (e.g. Germany) there is an additional very high tax on top if you're trading and not holding for at least one year. Adding the tax with the additional trade fees, makes holding in a bullish market IMHO a way better option for. Ah and don't forget the opportunity costs of the time you put into ;)

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Great points!

I believe in holding as well for at least a time period of one year in this bullish market.

I do however think that after a period of one year you should reevaluate your holdings and potentially book some profits on overbought coins.