Meet a Crypto Holder | A Treasure Keeper

The world of DeFi is so diverse. It brought together people of different views and strategies. But they have something in common — a belief in cryptocurrency and a desire to profit.

This time we’ll talk about crypto holders and what it’s like to be one.

Crypto investors are divided into two basic types: Holders and Traders.

The main difference between these two kinds of people is in their goals:

📈The Traders aim to make a profit, whether it is short-term or long-term. They must react fast, keep a pulse on the crypto news, track trading history etc.

🪙The Holders aim for long-term profit. They invest in a good project for a reasonable price and then keep it till it reaches its full potential. In contrast to traders, holders just have to be patient and wait for the desired profit.

Find everything you need to know about traders HERE:

In the meantime, let’s go learn more about who crypto holders are!

A crypto holder is someone who believes that cryptocurrencies will be the future of finance so that they won’t sell their investments. They follow the strategy of when they buy a cryptocurrency and do nothing with it. Holders just wait for a long time while their asset grows in value.

On the expanses of the DeFi world, there’s a slang word you could’ve seen lots of times — the HODLer. It is a misspelling of “holder” and stands for “Hold On for Dear Life”. These terms are pretty much the same, but their ideology differs a little:

💸Holder — buys crypto, waits for its price to increase and sells it for more money.

💸HODLer — invests at a low price and resists the temptation to sell crypto when the price rises.

Check out the benefits of being a Holder:

💎No need to check price actions regularly;
💎Avoiding stress and risks due to market volatility;
💎Minimizing such emotions as Fear of Missing Out (FOMO) and Fear, Uncertainty and Doubt (FUD);
💎High possibility of getting a big profit after a long-term investment.

There are many more benefits, but let each of you find them yourselves!

Dollar-cost averaging (DCA) is the most common strategy for hodlers. It is about investing a certain amount of assets at a fixed time. In other words, you take small positions repeatedly over time, regardless of the asset’s price, rather than taking large positions all at once.

This method helps to avoid stressful emotions related to cryptocurrencies’ volatility, as it’s less affected by it.

Before you start using the DCA strategy, consider these things:

✔️The crypto you’re going to buy;
✔️The frequency of your investment;
✔️The number of funds you want to invest;
✔️The method you’re going to use.

Remember, it’s always necessary to DYOR when it comes to investing!

The road to success is always thorny. To be ready for it, adhere to a few fundamental principles:

  • Stay updated. Continually expand your knowledge. Read trustworthy articles, blogs, and news about the crypto market.
  • Be patient. Volatility can create huge short-term gains or losses, but remember that holding is about a long-term perspective that will pay for itself over time.
  • Alertness is a must. The crypto market is quite risky. So, use only trusted and secure platforms, like Biswap DEX.
  • Keep your keys with you. Make sure that nobody knows your password and seed phrase. In this way, your assets will be safe.

If you want to try yourself as a holder, then welcome to Biswap DEX!

There are several sources of getting passive income by locking your crypto. Let’s review them using the TOP 2 DEX on the BNB Chain as an example!

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To Sum Up

The principle of buying and holding can be very useful and rewarding, especially for those who don’t want to make much effort. So, if you’re ready to wait and counting on the long-term prospect of earning, being a HODLer is your option. However, you must conduct a thorough analysis yourself before investing.

If you have made your choice, then welcome to Biswap DEX! Invest and get your piece of success!

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Trade, Earn, Refer on the most progressive DEX on BNB Chain. Enjoy the lowest exchange fee, profitable features & Multi-type Referral program.