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Day Trading Tether (USDT) vs Holding HUH Token (HUH) Long Term

Place/Date: - February 11th, 2022 at 10:50 am UTC · 5 min read
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Day trading and long-term holding are two of the most popular investment strategies in the crypto community. The market is infamous for its extreme volatility which can leave its investors either swimming in profits or mourning their losses. Although Shiba Inu’s (SHIB) 74,000,000% ROI last year popularised long-term holding, is investing really a one size fits all solution? As an individual investor with your own wants and needs, which one should you choose? Let’s look at day trading Tether (USDT) and long-term holding HUH Token (HUH) to find out.

Day Trading with Tether (USDT)

Should You Day Trade?

Day trading is the practice of buying and selling crypto on a daily basis in order to profit from price fluctuations. It has the potential to increase your investment by 5% to 10% by profiting on an asset’s price fluctuation. However, you should be aware that:

  • Day trading needs a thorough understanding of technical analysis, as well as knowing when to enter and exit a trade, which can be difficult for a beginner to grasp.
  • Day trading carries a higher risk than its worth. Careful consideration should be taken before making the decision to day trade.
  • Experts and professionals who trade Tether (USDT) may employ tools such as expensive software, technology, and news services that a newcomer might not be able to get a hold of.
  • It’s time-consuming because you have to stay on top of the latest news and events in the crypto world to capitalise on price swings.

Tether (USDT)

Tether is a crypto backed by the United States dollar. Tether’s (USDT) goal is to produce a stable currency in comparison to the US Dollar, which is prone to inflation. It’s very important in the crypto world, and it’s handy for crypto exchanges like Binance and Poloniex that don’t want to deal in fiat currency. Tether’s (USDT) price is comparable to that of the US dollar. Because Tether (USDT) has a nearly 1:1 ratio with USD, the price of Tether (USDT) will always be 1:1 with the price of Bitcoin (BTC).

When the price of Tether (USDT) is low, day trading allows you to trade altcoins to boost your Tether (USDT) holdings.

HODLing with HUH Token (HUH)

HUH Token (HUH) has been on the crypto market for 2 months now, and hit the headlines when it exploded 6000% within a month of its launch. Investors are bullish on HUH since its ultimate goal is to construct a decentralised metaverse, called the MetHUH, in which social media influencers and users interact, create and consume content, and buy and sell NFTs. HUH specifically incentivizes long-term investing, and employs a range of mechanisms to encourage investors to hold. Through these incentives, investors can even earn extra profit in reward for holding.

Vesting

To protect HUH investments against “pump and dump” players, HUH Token holders were permitted to trade some but made to keep the majority of their tokens to preserve and grow its value. This was accomplished by delaying the vesting of HUH for a set length of time. This stops holders from coming in with the intention of buying and selling the HUH Token, only to dump it a few days later when the price rises. Consequently, a Vesting Schedule has been implemented. This facilitates the building of a long-term decentralised network since it prevents people from buying and selling large sums of money just a few days after the launch, when the economy is still in its infancy.

Locking tokens demonstrates to investors that the team has their best interests at heart and is focused on long-term goals rather than short-term gains. Owners of vested tokens can’t withdraw all of them at once, and their withdrawal capacity is limited by the vesting schedule’s allotment. In HUH’s case, additional tokens are allowed to be withdrawn prorated to the underlying block time as the Vesting Schedule progresses. When the vesting period is over, the smart contract will allow holders to redeem their tokens in full, with no restrictions.

Should You Hold?

  • Long-term investing to manage risk by examining and researching the crypto you’re investing in to determine if it has the ability to provide you with the profit you want within the time frame you have set.
  • If you’re not sure of a coin’s utility or the technology behind it, you shouldn’t buy it.
  • You should only invest as much as you can afford to lose, because anything can happen in the crypto market, and you could lose a significant portion of your capital in a single day.
  • You won’t be on the edge of your seat every now and then when it comes to the price of HUH. You don’t need to check your wallet everyday as this can cause you to become fearful, and possibly become overcome by anxiety and emotion and fall victim to FOMO.

For more information visit: Buy On HUH WebsiteBuy On PancakeSwapBuy On UniswapTelegramTwitter.

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