CLUB100: TRADING VS HOLDING

INTRODUCTION
Hello steemians, I am very delighted to write my post on trading and holding and also holding and trading which one is preferred type and also, the preferred wallet type.

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This is really a great important factors I think I should talk about today. When you looking holding, trading and also the kind of wallet type one should used is very very important in the crypto world.

Now, I will like talk about Holding.

HOLDING

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This is the process one is keeping something in his Or her possession for a long period of time. This is happening in real life. And with crypto world, holding is the process of a trader buying a crypto asset and keeping it in his Or her wallet sometimes for its price to increase to his or her expectations before he or she can sell.
Moreover, when you choose to hold a particular coin , then One need to have patience and also, one need to have extra back up or were one can be getting support or money from somewhere for it to able to cater for his or her daily activities.
The reason behind we holding a particular coin is to make profit not lost. But we can also make lost for holding a particular coin.
This is because, a price of a particular coin can reduce to a certain point that, you the one holding this particular coin, your hopes is just at a lost.
Moreover, a lot of people fear to even go ahead and sell their assets and at the end, they will run at a huge losses. and also, some people will have patience and at the end, they will get a huge profit.

TRADING

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In simple terms, trading is just the process of buying and selling things. But let’s comes to the crypto world. Trading is the way of selling cryptocurrencies for Fiat and that is our local currency. And this can be done by you pairing up crypto currency’s with another one.
And I will say that, the main aim of trading is to make profit. With the reason behind this, traders make sure that, with the fluctuations of price of a particular crypto asset, he or she make sure that he or she trade it to make profit. So in this situation, traders doesn’t keep crypto assets for it to increase, the traders sellers or buy it to make profit.
Honestly, to me, I prefer holding than trading. I chose holding because, I got a lot of profits be because I was holding.
Sometime back, i last bought ETH at slow price and if I could remember, I bought at $2,275.18 but as at the time I wanted to seller it, the price of ETH was $2,894.43
So just look at the prices. There is a lot of differences. And I know you the one reading this post can also see that, I had nothing but profit.
But what I will say again is, holding a coin, one need to be very careful and also one have to very careful in the kind of coin you want to hold.

Wallet type

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This is another important thing one should know when it comes to the crypto world. One should know the kind of wallet type you used so that your crypto assets will be safe and secure.
There are a lot of wallet type but I will rather preferred you guys to be using BINANCE
Among all the wallet type I know, I will say binance is the wallet one should be using.

This exchange is a well known wallet exchange in the crypto world. And one think I like about binance is, it’s security is very good.
Binance is wallet one can download from the app stores that’s for those using iPhone and you can also download it from the google App Store. Binance wallet is both exchange and Mobile and Computer, in the sense that traders use it as a medium for exchange of tokens, coins and even for fiat making it an exchange wallet. Also it is made available on both Play store and App store and even on desktops making it Mobile and Desktop wallet.

Binance is a type of exchange wallet in which I have stored all my crypto assets in. I preferred binance exchange then any other exchange Because, it is very simple and it is very safe when you keep your crypto assets in it. Also, this is also an exchange which allows traders to get access to their crypto assets any time they want.
Binance also store traders assets at a very save place and what traders have to do is just to keep their keys safe so that, they won’t lose them.

CONCLUSION

This is really an important factor when it come to the crypto world. One need to know the kind of coin he or she should be holding or when to hold and when to trade.
But looking at the holding and trading, as I said earlier that I preferred holding than trading.
I know this is the difficult part when it comes to investment. A lot a people make it in life and other couldn’t and the questions is, to hold or to trade.
So in simple terms, your success depends on the kind of decision you make for your self either to trade or to hold. But I will say that, holding is very good when it comes to crypto world and you should have in mind that, you should know the kind of coin you want to hold. Is very very important. I will like to use this opportunity to thank everyone your attention.

Thank you!!!!