Passive investing strategies provide a more relaxed approach and do not involve active portfolio management, reducing the investment of time and attention. Although there are differences between trading and investing strategies, trading ultimately means buying and selling assets in the hope of making a profit from it.
Buy and hold
"Buy and hold" is one of the passive investment strategies in which traders buy assets and hold them for a long time, regardless of market fluctuations.
This strategy is used in long-term investment portfolios, where the idea is to simply enter the market without considering the holding period. The idea behind this strategy is that for a long enough holding time, timing and entry price won't matter much.
The buy and hold strategy is almost always based on fundamental analysis and usually does not involve technical indicators and periodic monitoring of portfolio performance, except from time to time.
While bitcoin and other cryptocurrencies have been around for just over a decade, the HODL phenomenon can be compared to a buy and hold strategy. However, cryptocurrencies are a highly risky and volatile asset class, and while holding bitcoin is a well-known strategy, the same cannot be said for other cryptocurrencies.
If I were you, I would only use the crypto now because it is much more reliable and safer than any other currency. I think you should also take a look at the website http://usforexbrokers.com/ where you can find a good broker who will help you choose the right strategy for trading on the forex market.
Personally, I prefer active trading on the stock exchanges, because this is the only way a trader is able to make a good profit. In addition, I constantly use bot trading so that my trading does not stop even at night. I recommend to all traders not to lose sight of such a useful tool as trading bots. It will really help.