So you have FOMO because you have seen Bitcoin reaching all-time highs. There are heaps of ALT coins to choose from now as well. XRP has made over 100% profit in the last few days. Yes, the market is in a Bull Run at the moment, so how do you know “Which Crypto Should I Buy.”
Buy or HODL vs Trading
If you are not sure about the terms FOMO or HODL, or ALT, please educate yourself and look at Understanding the Crypto Lingo.
OK, now that is out of the way, let’s have a look at HODLing vs trading. I personally do both. I mainly trade, but I also invest in crypto. With some of my profits from trading, I buy and hold various coins. I use what I have learnt from trading to time my entry, so I buy at what I consider a low price.
I will buy more BTC sometime in the future but not right now. It is currently $18,500 near its all-time high, so I wouldn’t consider buying any to hold right now. I want to wait and see if the market has a pullback to buy at a better price. I am not saying BTC will pull back. It could just keep going to 100K or more, no one really knows what it will do, but I am not prepared to buy it @ ATH to HODL.
Will I trade it? You bet that I don’t care what the price is or which way it is going for trading. For that matter, as long as the market is moving, I have the potential to make Wealth with Crypto. Like I said, though, from what I have learnt from trading crypto, if I like a coin and I think it is good value, I might buy and HODL.
In recent times Bitcoin has gained a bit of media attention with the likes of PayPal coming on board and other Big investors putting money into Bitcoin.
So how do you know “Which Crypto should I Buy” and when to buy it?
Well, I basically use technical analysis to time my entries when buying cryptocurrency, but I truly believe that NOW is the time to get into crypto. When you look at the crypto space and see what is happening, it gets me excited, I missed the dot-com boom, but I am not going to miss getting onto Crypto. Do you want to miss the opportunity? I decided I needed to get involved in the crypto space and started trading it, which has led me into other ways to create Wealth with Crypto.
If you want to start with some basics and learn how to buy some Crypto Coins or even learn to trade them for FREE, click this link <==== Free Crypto Course ====>
That way, you can Try before you Buy and see what trading crypto is all about. You never know you unless you try it.
I love trading crypto, the market is dynamic, and there is great potential to make good money. Since I have started trading crypto, I have also looked into a few other ways to create Wealth with Crypto. Mining, Staking or buying ICO’s there really are many ways to profit from crypto and trading, and HODLing are just a few.
What my trading has taught me, though, is to read the markets. You need to “learn the language of the markets”, as my mentor would say. This gives you the ability to time the purchase of your crypto investment, so you have the potential to make the greatest gains.
I’ll use Bitcoin as an example here. Check out the chart below.
If you used technical analysis and timed your entry around the beginning of September, you could have bought BTC for $10,000. If you did nothing else, that same Bitcoin is worth $18,500 today, which is an 85% return in less than 80days.
Think about that for a minute 85% return in less than 3 months legally. I don’t know any other way you can make that sort of returns with that little work. Now I must admit that is a good example, and you would have to have bought it at just the right time, but I know some others that did. I personally bought a little around $11K.
Now you are not always going to get the timing right, and not all coins go upwards, they can go down in price, but if you do a little research and time your entry and are willing to hold your coins for a while, you will likely make some good ROI.
Why I do Both
One word – Diversification, the old saying, don’t put all your eggs in one basket.
Having said that, the way I trade has helped me to know when to buy certain coins. Not only do you get an idea of what is happening in the market, but what I have learnt from trading has made it easy to decide when to buy and sell coins that I don’t want to HODL anymore.
I think the ultimate strategy is using some of your profits from trading to buy and invest in crypto. You can diversify your wallet/portfolio by buying and investing in different coins and use your trading to create cash flow.
I really think that NOW is the time you need to invest in Crypto as it becomes more accepted. I think it will only increase in value. People are calling Bitcoin the new Digital Gold.
If you don’t know where to start or haven’t got the money to invest, why not have a look at the Free Crypto Course? You might learn how to trade it and make some spare money to invest, so you too can HODL crypto.
Now is the time to start your journey to create Wealth with Crypto. It doesn’t matter to me how you invest in crypto or whether you trade it or not, but if you aren’t in the crypto game, then I reckon you’re mad.
Try the course and see what you are missing out on. Learn to Create Wealth with Crypto for FREE – warning it is addictive.
If you have any questions or tips for buying, let me know. Just put them in the comments below. You don’t know what you are missing out on until you give it a go and remember…………
There are NO LIMITS.
❗ DISCLAIMER: I am not a financial advisor. This is not financial advice. The content and material I provide on 2dsirecrypto.com is my opinion only and general in nature. Always do your own research before investing any money. You should always understand the risks involved in trading and investing and seek advice from licensed professionals before undertaking any investments of your own.