Can you hold cryptocurrency?

Users can lose bitcoin and other cryptocurrency tokens as a result of theft, computer failure, loss of access keys, and more. Cold storage (or offline wallets) is one of the safest methods for holding bitcoin , as these wallets are not accessible via the Internet, but hot wallets are still convenient for some users.

The Bitcoin ecosystem is still developing, making it possible if not likely that Bitcoin itself will continue to evolve over the coming decades. But however Bitcoin evolves, no new bitcoins will be released after the 21-million coin limit is reached .

Due to their highly volatile nature, cryptocurrencies provide great opportunities for traders to build up long and short positions frequently . However, “hodling” can provide more safety to investors, as investors are not exposed to short-term volatility and can avoid the risk of buying high but selling low.