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.
Everything seems so simple when we look at it from the side. When you collide with a given situation, you can assess whether you are suitable for HODL or maybe for trade, or maybe both are not for you. In my personal opinion.
HODL is much better but everyone is different and can have their own opinion 🙂.
If you already know what's more convenient for you, share it in the comment.
Where I buy cryptocurrencies and hold them?
Binance - https://www.binance.com/?ref=22298090
Coinbase - https://www.coinbase.com/join/5b6efbc661dd5608bbec4213
BitBay - https://auth.bitbay.pl/ref/nietykalny
Ledger Nano S - https://www.ledger.com?r=8025
