![]() It’s a long-term strategy that doesn’t require any trading knowledge or experience. As can be gauged, the strategy is essentially about buying DASH and then keeping them safe in a wallet, in the hope of its price appreciating in the future. HODL is also popularly treated as a backronym of ‘Hold on for Dear Life’ implying the need to hold onto one's coins and wait for their price to appreciate. A drunk bitcoin investor misspelt ‘Hold’ as ‘Hodl’ in an online chat room back in 2013, trying to emphasise that he was planning to hold onto his coins, and gave birth to this widely popular investment approach today. ‘Buy and HODL’ is a well-known investment strategy both in the crypto as well as other financial markets. You can sign up with any of them based on your personal preferences. It is evident that it can be a fairly time-consuming and tiring activity! Therefore, we did all the hard work on your behalf, and have listed below some of the best broker services out there on the internet today. To this end, you must compare and shortlist the best providers, based on multiple parameters including their regulatory status, customer service, deposit/withdrawal options, security measures and more. We’d like to stress here that transacting with a reliable broker is essential for a stress-free trading experience overall. ![]() You may also be asked to upload some government-issued photo identity and proof of address to comply with their AML and KYC norms. This will entail supplying the broker with some essential personal details, including your name, address, phone number, email, and so on. To be able to trade DASH on a broker platform, you will need to open a trading account with them first. ![]() Here in this detailed article on Dash investments, we will acquaint you with 5 popular methods of investing in this cryptocurrency. Considering the fact that DASH’s market price swung from $0.21 per coin at one point of time to $1,600 at another, the coin can be easily exploited for investment purposes by both long and short term traders. Nevertheless, the cryptocurrency stayed amongst the top 50 (in terms of market cap) for some time. But its price started declining thereafter. Soon after its final rebranding, Dash started gaining market value, breaching $4 billion in market cap in 2018. The aim of Dash has always been to improve upon Bitcoin and Litecoin’s capabilities, to deliver quicker transactions and a higher degree of privacy to its users. The current moniker Dash can be perceived as a portmanteau of ‘Digital’ and ‘Cash’ or ‘Digital Cash’. The project got rebranded as ‘Darkcoin’ two weeks after its launch, before finally settling with the name Dash in March 2015. Originally launched in January 2014 as Xcoin, Dash is a cryptocurrency and an open-source blockchain that forked out of Litecoin (a well-known Bitcoin fork).
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