Maybe I am doing it the wrong way by staking and not trading my tokens, but it feels right this way. Whatever works for you in achieving your goals is what counts at the end of the day.
They say one shouldn't marry their coins and when I look at my portfolio I don't see many divorces in the future. Maybe I need a secondary portfolio in order to take profits as the more I research the more I am thinking long term and will just accumulate more. The problem with that scenario is the profit would end up in my married coins at some point anyway as I believe in those projects more than the others.
I don't see a major problem in this strategy as long as they are accumulating more through compounding which is the APR snowballing adding to the stake making more. The chances are if you have selected the projects wisely then they will continue to increase in value no matter what happens long term.
I understand the sentiment in selling high and buying back lower and growing your bags this way, but the chances are somewhere you will miss out by selling too early or too late. I do believe in the slow growth approach accumulating by adding stake along with the earnings as at some point they will start to increase at a much faster rate.
We can see how this works on Hive as can you imagine if everyone unstaked and sold and then bought back in at a later date. The blockchain would just not be the same as during the phase of the price dropping there would be not much activity with no one holding much value. Stake makes more stake and remaining active is the key to success as I know no other way.
Personally I do believe if a trader was active on Hive it would change their minds and they would end up marrying quite a few extra bags. Your thought process has to be determined how you want to make your wealth as both ways will work over a period of time.
The idea of having a second portfolio has bugged me for a while but then again would it make more than the investments that have been researched? I honestly doubt this as the bankers could do an easy 100-1000 x over the next 5 years. Those researched investments have been selected for a reason and are not seen as a risk but more as a dead cert if there is such a thing in crypto. Every investment has risk, but these seem less risky due to the use cases as they are genuine businesses.
One has to keep in mind most cryptocurrencies could be called a security risk if we use the Howie test. The projects I have selected don't tick all the 4 boxes the SEC would be using. I have heard some people say what does this matter as not all crypto is based in the States but other Governments would use the SEC for their own guidance in regulation. They all copy each other as they are in all honesty rather clueless and useless thinking for themselves.
Posted Using LeoFinance Beta
I've always been somewhat of a Hodl'er myself, hard to "take profits" during the good times, then end up dipping into my crypto's during the bear markets! It's a hard balance to make, I'm similar to you, I see the long-term potential as too appealing, I'll continue to save, especially my recently acquired Hive bags!
Congratulations @cryptoandcoffee! You received a personal badge!
Wait until the end of Power Up Day to find out the size of your Power-Bee.
May the Hive Power be with you!
You can view your badges on your board and compare yourself to others in the Ranking
Check out our last posts:
Great topic!
It's difficult to say definitively whether trading or hodling is better in the long run, as it will depend on a variety of factors such as the specific asset being traded or held, market conditions, and an individual's investment goals and risk tolerance.
One potential advantage of trading is that it allows you to take advantage of short-term price movements and potentially generate profits more quickly. However, trading also carries its own risks, such as the potential for losses if the market moves against you. Trading also requires a certain level of skill, knowledge, and resources, as well as the ability to handle the psychological and emotional challenges that come with it.
Hodling, on the other hand, involves holding onto an asset for a longer period of time with the expectation that it will increase in value. This can be a good strategy if you believe that an asset has long-term potential and you are willing to hold onto it for the long-term. However, hodling also carries its own set of risks, such as the potential for the asset to decrease in value or for market conditions to change unexpectedly.
Ultimately, the best approach will depend on your specific investment goals and risk tolerance, as well as your ability to handle the potential risks and challenges of each approach. It may be helpful to consult with a financial advisor or do your own research to determine which approach is best suited to your needs.
Based on losses in both crypto and normal financial markets over the last two years, I'm leaning more toward trading, i.e. once I get what I want, I'm out of the marriage, so to speak. Crypto is not like a person and should never be viewed long-term.
Thank you @cryptoandcoffee for the thought-provoking post.
Congratulations @cryptoandcoffee! You received a personal badge!
Participate in the next Power Up Day and try to power-up more HIVE to get a bigger Power-Bee.
May the Hive Power be with you!
You can view your badges on your board and compare yourself to others in the Ranking
Check out our last posts:
Honestly, in my side when I try to buy the market goes up before buying and when I try to sell the prize goes up right after selling. As I am holding for last few month the market is too down that I got much loss, lol!
I'm the the same person as you, i love my tokens and holding them through this year and will hold them, some of them are on staking and some are only sitting in my wallet. I see them on the daily basis because i love them, trading for me is like a headache.
My 2021 investments almost going to zero but never sale a single coin because i love my coins and holding and know it all coins gives me a huge profit incoming bull market cycle. In this sonerio dca is best option. Hopefully incoming bull market recover my investments. Thanks for sharing your valuable analysis.
I have that problem as well. I hold onto my stuff much longer than I should a lot of times. I think I am going to keep a lot of the stuff I have, but in the future there are going to be some that I learn to let go of a little better.
Yea, you are right, too many marriages have issues.