It may be a tad too early, but ‘tis the season of fun, joy, and a Bitcoin[1] price rally. With Bitcoin holding firm above the $18,000-mark, each passing hour is only going to clarify the difference between stacking sats and trading. In fact, institutions like Grayscale, with an AUM of over $10B, are still stacking above the $18,000-level. This is interesting, especially since there are only 21M Bitcoins and institutions are buying faster than ever.
Institutions HODLing BTC || Source: Twitter[2]
The Grayscale Trust actually added 20,336 Bitcoins this week, taking its net holdings total to 0.52M. Bitcoin, clearly, seems to be emerging as a HODLer’s favorite. In light of such developments, it is very interesting to check out popular analyst Tone Vays’s recent tweet.
In the said tweet, Vays reminded us of the differences between a Bitcoin HODL stack and a trading portfolio. In fact, in his latest YouTube video[3], the analyst was quoted as saying,
” …I trust in TA and the only cryptocurrency I HODL is Bitcoin. I don’t think any other cryptocurrency is worth HODLing.”
In the aforementioned video, he also spoke about a bag of altcoins he had bought and forgotten about, before expanding on why he believes there is true value in HODLing Bitcoin and keeping altcoins as a part of your portfolio.
Though altcoins started out as alternatives to Bitcoin, all cryptocurrencies, DeFi Projects included, are regarded largely as alternative investments in many traders’ portfolios. In that sense, perhaps, altcoins are both, worth trading and HODLing. Classic examples of this would be altcoins like LINK, ETH, and XRP, with these alts having gained by 20.27%, 17.80 %, and 55.78%, respectively, over the past week.
HODLing a stack, however, is hard, equally hard in both
