It is a bit early, but it is the most beautiful time of the year! With a bitcoin holding firm above the $18K mark, each hour that passes by will clarify the difference between stacking and trading.
Institutions like Grayscale are still stacking above the $18,000 level. It seems interesting for there are only 21M Bitcoins, and institutions are buying more than ever.
This week, Grayscale Trust had added 20,336 Bitcoins, taking its net holdings amount to 0.52M. Bitcoin seems to be emerging as a HODLer’s favorite. Because of such developments, it is fascinating to check out Tone Vay’s recent tweet.
In the tweet, Vays advised every one of the differences between a Bitcoin HODL stack and a trading portfolio. In his latest video, the analyst said:
” …I trust in TA and the only cryptocurrency I HODL is Bitcoin. I don’t think any other cryptocurrency is worth HODLing.”
In the video, he spoke about a bag of altcoins he had bought and forgotten about before expanding on why he believed that there is actual value in HODLing Bitcoin and keeping altcoins as a part of the portfolio.
Although altcoins started as alternatives to Bitcoin, all cryptocurrencies are regarded as alternative investments in many trades’ portfolios.
HODLing a stack is hard. It is why no one can blame Masayoshi Son for his early exit from Bitcoin in 2018. In 2017, Son bought $200M worth of Bitcoin, he said, “without any understanding crypto,” before the price watch became too much for Son. Now, many people were swift to disparage Son for being “weak.”
HODLers ignore short-term price swings, and they aren’t glued to the price charts. They instead rely on the fundamental analyses of assets that they are interested in. The HODLing stack for some traders has Bitcoin, and in the case of Grayscale, it is the only crypto asset worth HODLing.
While the top altcoins and DeFi projects make it to the trading portfolio, they don’t make the HODL stack in these cases. The difference is easy to spot, but sticking to the trading discipline and strategy is the hardest part.
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