Buy and Hold strategy
Buy and Hold
This is a painful strategy in the cryptocurrency realm due the high volatility and the fact blockchain is an emerging technology and many projects could easily go to zero. A strong fundamental analysis will only get you so far as well. Doing a bottom up fundamental analysis can help an investor pick what seems to be the right project, but its still very much a gamble since most of the projects are still in their infancy. Personally, I think buying and holding isn't the correct strategy in the current market, and trading will raise the investor's ability to profit. What do you think?
I've utilized both strategies. I actively traded throughout 2017 - did well. But after the painful tax bill - I am not a HODLer of last resort. Why? because due to the fact that I am constantly distracted with tracking news information, it's best I allow my resources to sit. In addition, based on my own goals and priorities - HODLing works fine for me. I believe the future path of Bitcoin is far higher than where it is now. If we can materialize the six figure numbers of Bitcoin - I will be doing okay. 🙂 So less stress and my focus can remain on keeping others informed and connecting. 🙂