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RE: Too Many Marriages

in LeoFinance2 years ago

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.