Should you hodl BAT or convert it to BTC?

Should you hodl BAT or convert it to BTC?

By MadMaxx | Crypto Fondue | 10 Jan 2020


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So, if you're reading this on the Publish0x platform, you probably have BAT tokens. You may have bought them or gotten them for free here, but the bottom line is that you have some.

So what is the best thing to do with these tokens?

At first, when I started earning these tokens here on Publish0x, I instantly converted them to BTC the moment they hit my wallet. I was obsessed with increasing my BTC holdings any way possible. (And thankfully, I did increase my holdings by over 20%, all for free!)

But that was last year.

I started looking more into Brave and their BAT token.

Since I haven't figured out the magical way to earn BAT from the Brave browser, I have just resorted to earning it.

Bit instead of instantly converting it now, I have decided to start trading it.

I obviously don't have enough BAT tokens to start as I just started thinking about trading it this year.

But having looked at BAT's charts and done some TA, I believe that BAT is best traded rather than converted. You'll see why in the following lines.

BAT doesn't move at crazy speeds. This is a good thing, as well as a bad thing.

It's good because it shows it's a mature crypto. 1.5% max over the last 5 days is just amazing. 

It's bad because we're in crypto to make the fast lambo cash. So we need those 2000% a minute moves or what's the point?

I like to think of Brave as one of the top crypto's for 2020.

And if you've been converting yours, I'd say it's best you trade it.

Trading it against the US Dollar is a nice idea, but trading it against something more volatile like BTC or XRP is a great idea, as you'd get more moves frequently and you can increase your portfolio significantly faster.

What do you do with your earned BAT tokens? Let me know down below!

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MadMaxx
MadMaxx

In the eternal quest for crypto fulfilment. I'm an obese frog on the internet, what I say most definitely isn't financial advice.


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