What does it mean to hoard coins instead of hoarding old coins?

In the currency speculating market, there is a popular adage of speculating in the new and not in speculating, while in the currency hoarding market, there is also the adage of hoarding the new and not hoarding the old. The two have the same purpose. Speculating in the new rather than speculating in the old means that investors should invest their funds in new cryptocurrencies and avoid investing in old cryptocurrency projects. The meaning of hoarding new coins and not hoarding old coins is to choose cryptocurrencies that have been online for a short time and avoid choosing cryptocurrencies that have been online for a long time. A brief introduction to what it means to hoard new coins rather than hoard old ones? There may still be people who don’t understand, so I’ll explain it in detail for you next.

What does it mean to hoard new coins but not hoard old coins?

Hoarding coins, hoarding new ones, not hoarding old ones is a common investment motto, which means that when choosing cryptocurrency investment, one is more inclined to invest in emerging projects rather than traditional projects. However, generally speaking, new coins fluctuate greatly and are not suitable for the long term. Generally, investors will choose to hoard coins in the short term.

Behind hoarding coins, hoarding new ones but not hoarding old ones is the view that emerging projects may have greater growth potential because they may be innovative in terms of technology, concepts or market demand. In contrast, traditional cryptocurrency projects may have reached a relatively stable market position, and their growth potential may not be as high as new projects.

Similar to speculating on the new but not on the old, it means that in the cryptocurrency market, one is more inclined to invest in emerging projects rather than traditional projects. At the core of this motto is the belief that emerging projects may have greater growth potential because they may be innovative in terms of technology, concept, or market need.

In practice some investors may prefer to chase emerging projects that have the potential to become the next hot cryptocurrency because they may have the opportunity to earn higher returns on investment. At the same time, some traditional cryptocurrency projects may have reached a relatively stable market position, and their growth potential may not be as high as new projects.

Should I buy spot currency or contracts when hoarding coins?

In the currency circle investment, the main way to choose to hoard coins is to buy spot Bitcoin or other cryptocurrencies, and then hold them to wait for their value to rise. But it depends on one's investment goals, risk tolerance and trading strategy.

Buying spot means purchasing cryptocurrency directly and storing it in your wallet or trading platform account. This is a more traditional way of investing where you buy actual cryptocurrencies and hold them in anticipation of future price increases. This approach allows you to hold a cryptocurrency for the long term and profit from its potential long-term growth.

Contract trading is a form of derivatives trading that trades cryptocurrency through contracts instead of directly purchasing actual currencies. Contract trading can include futures contracts, contracts for difference (CFDs), etc. This approach allows you to trade as cryptocurrency prices rise or fall, and use leverage to amplify your gains or losses. Contract trading is generally more suitable for traders who trade short-term or speculate on price fluctuations.

No matter which method you choose, you need to make sure you understand the relevant risks and characteristics and make a rational investment decision based on your own situation. It is best to conduct sufficient research and understanding, or seek professional investment advice, before making any transactions.

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