Hold Coin is a term used to refer to holding a coin for a long period of time, not selling it even if the price fluctuates up and down. The purpose of Hold Coin is to invest in its core value and development potential, expecting high profits in the future.
❇️How to Hold Coin effectively: 👉Choose a coin with good value and prospects, based on criteria such as technology, development team, community, partners, finance, development plan.. You should research carefully about the project you want to invest in, don't just follow the crowd or rumors, then you will be confident enough to hold it for a long time.
👉Choose a safe and secure wallet to store the coins you want to hold, avoid storing them on exchanges, because they can be hacked, crashed or closed at any time. You can use hardware wallets, cold wallets or phone wallets, and carefully store information such as passwords and recovery codes.
👉Determine your investment goals and time, have a clear plan for when to sell, based on the desired price or a certain period of time. You must stick to your plan and not let emotions influence your decisions.
❇️How to optimize profits: 👉Stake - Farming: Some coins allow staking or farming, you can take them to stake or farm to get more passive profits.
Note: Farming brings higher profits than staking, but if you do not understand them, it is best not to participate, because the risks of farming are considered much higher than staking.
👉Hold some exchange coins like BNB, OKB, MX, GT,... you can join the launchpad program of the exchanges to earn new coins.
