Plutus: "HODL" cryptocurrency, the clearest choice for investors

In every type of investment, there are two ways to profit: sell in the short term when prices rise, or hold on for the expected gains in the future.

This also applies to cryptocurrency investing. Whenever the price of a crypto currency rises or reaches a high, there is a tendency for investors to immediately cash out amid concerns that others are cashing out, causing the value of the asset or token to drop.

However, holding onto the coins for the long term (HODL) offers investors more long-term benefits.

Should I HODL or not?

HODL simply means "Hold on to your death," and it describes the decision to hold on to a certain cryptocurrency despite huge price fluctuations in the ups and downs of the cryptocurrency market.

HODLing a cryptocurrency or token requires full commitment and a strong belief that the currency or token will generate higher profits in the long run.

The smart way to HODL is to set a profit target. This allows interest to accrue on the initial investment amount and grow over time to the desired profit target.

Of course, there is a tendency to abandon a cryptocurrency once gains have been made. However, cryptocurrency day trading is not for everyone - before you start trading cryptocurrencies, do your research on the currency or token and have a plan for how to achieve your investment goals so you don't make crypto trading mistakes based on emotion.

One advantage of HODLing a cryptocurrency is that it allows investors to get a closer look at the ups and downs of the coin. This allows investors to make more informed decisions about the best time to sell the coin.

Ultimately, if you don’t need the funds right now, it will be more rewarding to hold on to this cryptocurrency, as the rewards from HODLing are far greater than selling in the short term.

HODL Your Crypto with the Plutus Lending App

When users deposit cryptocurrencies (PLT, ETH, USDT or BTC) into the Plutus app , those funds immediately start earning interest. Plutus pays 12% annual PLT interest on deposited funds. Interest is deposited into your wallet every week, so you don’t have to wait a full year to receive interest.

Plutus pays 1% interest per month, or 12% per year in PLT (9% per year if paid in BTC). This percentage is the highest interest rate on the market among traditional and crypto banking institutions.

In addition, the loan application also has an over-the-counter trading function, allowing users to exchange PLT for USDT, or USDT for PLT.

Therefore, holding your tokens for the long term through the Plutus lending app is your clearest choice.

For more details, please visit our official website, www.plutuscap.com