Advantages of HODL $KUBE.
17 Jul 2023, 15:48
Advantages of HODL $KUBE
This strategy has been configured as one of the most beneficial if you have in mind to obtain long-term profits. Not only is it an excellent alternative to other strategies, but it also offers an advantageous solution to one of the main problems in the market: the volatility of cryptocurrencies. Moreover, it is one of the most popular strategies because of the advantages it can also bring to every investor who focuses on this strategy:
You control investment risk.
By holding cryptocurrencies, you can control your investment risk by limiting the number of coins you buy and hold in your portfolio. Buying and holding a limited amount of cryptocurrencies allows you to reduce the risk of losing your entire investment in case the price of the coin suddenly drops.
You take advantage of market volatility.
You can take advantage of market movements to maximize your profits. For example, if the price of a cryptocurrency suddenly rises, you can sell your coins and make a profit. Likewise, if the price of a cryptocurrency falls, you can buy more coins and increase your portfolio.
You get long-term gains.
If the price of cryptocurrencies is going up, you can make long-term gains. This is because, by holding your coins in your portfolio, you are investing in the cryptocurrency for the long term.
Greater control over your wallet
The holder has full control over his portfolio. This means that he can decide when to buy and sell, and is not tied to the investment timelines of the mutual funds or the decisions of the managers.
Greater flexibility
This technique offers much more flexibility to the holder when investing. For example, if a cryptocurrency rises in price, the investor can decide to sell and take profits, or hold the position for more profits in the future.
Lower commissions
With this strategy, the investor only has to pay commissions for the purchase and sale transactions he/she carries out. This is much less expensive than investing in mutual funds, which usually charge high commissions.
Yield potential
As we have already mentioned, cryptocurrencies have a high yield potential. This is because their price can rise or fall significantly in a short time, so the investor can make significant profits if he invests appropriately.
*Not Financial Advice - DYOR*