$1000 - Better trade until 5/10k, then buy BTC or just buy BTC and hodl?

harizen

legendary

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Quote from: cody72 on December 21, 2017, 12:42:22 AM

Ok, so let's change a bit the question: would it be better to buy LOW and sell HIGH (only BTC), until the base is solid, or just hodl from the beginning?

With the current swing which price almost just easily playing in $2000 margin, it's not advisable for average players to go through buy low sell high method in bitcoin but instead, hold it and take it to sleep while take advantage of the price dip by adding quantity to your coins.

Day trading is not recommended in bitcoin if you don't know what you are really doing.

So for me, you can consider using your $1,000 for:

a) but bitcoin at any price and let it sleep .... for as in long term..

b) buy bitcoin at any price and diversify that to various alts (need research)

cody72

jr. member

Activity: 35

Merit: 1

Quote from: 13abyknight on December 21, 2017, 02:34:05 AM

Quote from: cody72 on December 21, 2017, 12:42:22 AM

Ok, so let's change a bit the question: would it be better to buy LOW and sell HIGH (only BTC), until the base is solid, or just hodl from the beginning?

Your best bet among the two would be to the first one as buying low and selling high would be feasible because of Bitcoin's daily fluctuations. I would suggest you to gather some experience by beginning with a lower amount just to get a hang of things and then proceed with the rest of the amount.

Holding from the beginning is profitable as long as the initial investment is considerably high which isn't the case for you, so this would not exactly yield much profit as opposed to day trading.

This is what I thought. Of course daily trading is high risk, however, the gain I could make worth the *eventually* loss of the $1000.

13abyknight

sr. member

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Quote from: cody72 on December 21, 2017, 12:42:22 AM

Ok, so let's change a bit the question: would it be better to buy LOW and sell HIGH (only BTC), until the base is solid, or just hodl from the beginning?

Your best bet among the two would be to the first one as buying low and selling high would be feasible because of Bitcoin's daily fluctuations. I would suggest you to gather some experience by beginning with a lower amount just to get a hang of things and then proceed with the rest of the amount.

Holding from the beginning is profitable as long as the initial investment is considerably high which isn't the case for you, so this would not exactly yield much profit as opposed to day trading.

StraddleHQ

newbie

Activity: 32

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As per expert level i will suggest you to buy BTC at the 41% market dominance. current market dominance is ~47%. The suggestion comes from the historic trait of 2013 and recent ETH hike to 0.15 BTC per ETH.

cody72

jr. member

Activity: 35

Merit: 1

Quote from: gribble on December 21, 2017, 12:40:33 AM

Quote from: cody72 on December 21, 2017, 12:35:34 AM

I have $1000. I know that it is very little. So I was wondering if in my case it is better to grow the base to invest* until a certain point (will it be 5k enough? Or 10k ?)
Or just buy BTC and forget about it?

In my point of view, trading now makes more sense that hodl just $1000 of BTC (or other cryptos). Does it make sense?

* growing with trading in different coins, supposing that the trades go well

Well it depending on your experience in trading activity, if you have experience and you have found for getting constant profit from trading, so trading alternative coins is best choice for you but if you don't know anything about the trading ( analysis technical and fundamental, money management and risk) trading will be dangerous for you, will be more better buy and holding until your target profit to be hit.

Ok, so let's change a bit the question: would it be better to buy LOW and sell HIGH (only BTC), until the base is solid, or just hodl from the beginning?

gribble

hero member

Activity: 966

Merit: 552

Quote from: cody72 on December 21, 2017, 12:35:34 AM

I have $1000. I know that it is very little. So I was wondering if in my case it is better to grow the base to invest* until a certain point (will it be 5k enough? Or 10k ?)
Or just buy BTC and forget about it?

In my point of view, trading now makes more sense that hodl just $1000 of BTC (or other cryptos). Does it make sense?

* growing with trading in different coins, supposing that the trades go well

Well it depending on your experience in trading activity, if you have experience and you have found for getting constant profit from trading, so trading alternative coins is best choice for you but if you don't know anything about the trading ( analysis technical and fundamental, money management and risk) trading will be dangerous for you, will be more better buy and holding until your target profit to be hit.

cody72

jr. member

Activity: 35

Merit: 1

I have $1000. I know that it is very little. So I was wondering if in my case it is better to grow the base to invest* until a certain point (will it be 5k enough? Or 10k ?)
Or just buy BTC and forget about it?

In my point of view, trading now makes more sense that hodl just $1000 of BTC (or other cryptos). Does it make sense?

* growing with trading in different coins, supposing that the trades go well

Topic: $1000 - Better trade until 5/10k, then buy BTC or just buy BTC and hodl? (Read 93 times)