When it comes to cryptocurrency I have been hearing this statement almost every time that holders are always winners. Looking at how things has gone for some years now in the cryptoccurrency ecosystem it seems that it is no longer so. It looks like we are already seeing a big changes as a lot believes in dumping than holding. Well, I will say we all knows that change is the only constant thing in live, so I am not shocked to see what is happening right now. Just like what I said above, they are bound to be changes when it comes to cryptocurrency and anything in this life. So just like what I said above I am not surprised seeing this.
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Back then I knows how a lot of people keeps saying that cryptocurrency is the future and with that it is good to hold. No matter how, cryptocurrency will keeps being the future but as per holding I think there is big changes when being compared to back then. Back then people believe in cryptocurrency so much after they might have heard about how some persons lost their opportunities of being rich. I know someone who hold Btc fro 2017 till 2022 before he sold. He made a lot of money from it simply because he was able to believe in Bitcoin and cryptocurrency by holding for such a long period of time.
I have also saw someone one who sold him token when he got it freely and after some few years the coin did well and he ends up in regret. There is nothing to lie about, I have also passed through this stage, I sold a coin and few months later it moved to something that could have changed my life for the best assuming, just imagine I held for just few period of time. It still seems like a night mare to me anytime that I thinks about it. So painful and frustrating, assuming I was patient to wait for some few weeks. If you are not careful enough this might affect you badly if you fall into such category. I couldn't have sold and the market will crash above that. It is just a confused market/ecosystem.
I remembered how I told a close friend of mine to buy a cryptocurrency token called muse. He bought it so cheaply. The moment the coin started doing well he was afraid that it might dump. He had no choice than to dump. He found out that the coin that he dump at such ridiculous price, the coin rise amazingly well. That might have gone far changing his life for the best. He was not happy about this so he quits cryptocurrency simply because of this singular reason as he says cryptocurrency break his heart. I have always hinted that cryptocurrency is only for the strong, if you are not careful enough it might affects you badly. Just imagine my story.
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That aside, from my observation so far I will say that before you even thinks of holding you should make sure that you knows the in and out of such cryptocurrency project first. One thing is that people are used to dumping nowadays, I am wondering if it is due to the high rate of inflation of things. Life is looking harder so everybody needs to sell to meets up with expenses. Catching up is not always easy I must admit. Since it is no longer looking like holders are winners I will advice you sell of those tokens you are holding and keep some. This is for you to be at the safer side.
As to what I said above, it is better you study that cryptocurrency project and sees that it is worth holding into before doing so. Don't just hold any cryptocurrency project token, you might end up regretting if you get hit by dip. Don't go and hold a coin that you knows doesn't have good back up, you might not and never like the outcome.
Tfame3865
signed out
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There is a decentralized finance project currently running. If you want to make good reward from your stake or Liquidity mining you should take a look at this project called Woxdefi . For more information about woxdefi you can check the below links.
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Purchase Wox through this link
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Your post was upvoted and resteemed on @crypto.defrag
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I believe that holding is better than trading because I have seen many real examples where people have made lot of money through holding for long term.
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Hello @tfame3865!
Studying the project of such tokens is essential before investing in them especially if it's long-term investment. Also person have to keep up with that project news to avoid sudden things that happen that could affect people's investments.
For me I prefer trading over investment especially short-term (Intraday) days.
Thanks for sharing!
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This is the first and most important part if we are planning to hold because holding meme coins is never the right decision and its like a gamble. This can be profitable but a higher probability is to losing to need to go through this aspect for sure.
@tipu curate
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Upvoted 👌 (Mana: 2/5) Get profit votes with @tipU :)
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Holding is arguably good but i will always advice before holding any token make necessary background research on such token bear market may persist for long but in the end we can see a bull rally those who buy and hold during market fall might come out strong.
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