- So my first method of HODL'ing will be to stake your coins. Not only is this one of the safest method but its also a great way to earn a return on your investment if things should end up going down the drain, For example your coin of choice decides to tank for some reason. Some of the best coins to earn from staking are Cardano, Vechain and Cosmos.
- This method is not so beginner friendly, requires some trading insight and is notably riskier than method #1 but in contrast can earn much more over time. It all depends on your risk tolerance. So this method involves using trading bots. And not just any trading bots, they are dca bots. DCA stands for dollar cost averaging and basically means you regularly buy a coin at set intervals if the price goes down. And the end goal of Dollar cost averaging is to bring your average "buy" price closer to lower levels if that is to happen. NEVER dca on options or futures as you can get liquidated in a heartbeat, ALWAYS stick to spot trading. I've been using dca bots for the past few months and they have worked great. Although there has been some days that I've been stuck in the red but usually they tend to fix themselves. I personally use 3commas as they are free but you can use any other provider as it should work the same.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments