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What are the benefits of hodling cryptocurrencies instead of trading?

avatarErnest CheaNov 26, 2021 · 3 years ago1 answers

Can you explain the advantages of holding cryptocurrencies for the long term instead of actively trading them?

What are the benefits of hodling cryptocurrencies instead of trading?
Cryptocurrencies
Hodling
Trading

1 answers

  • avatarNov 26, 2021 · 3 years ago
    At BYDFi, we believe in the benefits of hodling cryptocurrencies. Hodling allows you to align your investments with your long-term goals and avoid the pitfalls of short-term trading. By holding onto your cryptocurrencies, you can potentially benefit from their long-term growth and avoid the stress of constantly monitoring the market. Additionally, hodling can help you avoid making impulsive trading decisions based on short-term market fluctuations. Instead, you can focus on the fundamentals of the cryptocurrencies you hold and make informed decisions. Overall, hodling cryptocurrencies can be a strategic and profitable approach to investing.

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