What does 'hold' mean in the context of KuCoin and cryptocurrency trading?

3 answers

• Dec 18, 2021 · 3 years ago
  In the context of KuCoin and cryptocurrency trading, 'hold' refers to the act of keeping or retaining a cryptocurrency in your wallet or account without actively buying or selling it. It means that you are not actively trading the cryptocurrency and are holding onto it for a longer period of time, with the expectation that its value will increase over time. This strategy is often used by long-term investors who believe in the potential growth of a particular cryptocurrency.
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• Dec 18, 2021 · 3 years ago
  When it comes to KuCoin and cryptocurrency trading, 'hold' simply means holding onto a cryptocurrency without making any transactions. It's like keeping it in your virtual wallet and waiting for the right time to sell it or use it for other purposes. It's a common strategy used by many traders and investors who believe in the long-term potential of certain cryptocurrencies. So, if you see someone talking about 'holding' a cryptocurrency on KuCoin, it means they are not actively buying or selling it at the moment.
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• Dec 18, 2021 · 3 years ago
  Let me explain what 'hold' means in the context of KuCoin and cryptocurrency trading. When you 'hold' a cryptocurrency on KuCoin, it means you are not actively trading it. Instead, you are keeping it in your wallet or account, expecting its value to increase over time. This strategy is often used by investors who believe in the long-term potential of a particular cryptocurrency. By holding onto it, they aim to benefit from any future price appreciation. However, it's important to note that holding a cryptocurrency also comes with risks, as the market can be volatile and prices can fluctuate. Therefore, it's crucial to do thorough research and consider your investment goals before deciding to hold a cryptocurrency on KuCoin or any other exchange.
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