Daily trading or Holding Cryptocurrency for long time - page 11.

haroldtee

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Quote from: ?? on ??

I say you opt in for the two if you have what it takes. I noticed that to day trade, you need a minimum amount of capital. If you intend to trade with small money, you won't be able to see much gain. And also, trade cryptocurrency will are not likely to make it in the long run. Do not trade any cryptocurrency which have high potentiality in the future,

Trading cryptocurrency totally depends on you and I do not understand what you meant by not trading cryptocurrency with great potentials. As long as you know what you are doing, you can always trade the fluctuations. Moreover, if you are not trading potential currencies, do you want to be trading shut coins instead?
Holding on the other hand is where the potential coin stands the most as you really want to be holding a currency that will be in high demand based on usage eventually. All these depends on each individual's trading knowledge though.

ajochems

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Quote from: Sreya333 on July 11, 2018, 05:11:27 AM

Considering the present market situation, which one will be more benefiting whether Daily trading or holding cryptocurrency for long time? Please let me know.

Obviously the second one will be the best choice. In day trading,the profit will be their .But it will not upto the expected level.To get the expected level of profit, you have to hold the cryptocurrency for long time.Analysis the market ,then and there.If the price of that cryptocurrency reach the moon,you can sell the holding cryptocurrency.Patience is the essential one for the trading of cryptocurrency.

najmul33

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It depends on your goal or your capacity. Holding its good if You can hold until you make a profit. If you want daily profit you can do Trading, but its very small profit and risky.

OrangeSeller

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Quote from: butka on July 11, 2018, 05:21:53 AM

It (obviously) depends on the cryptocurrency in question. If you are convinced that a coin will appreciate in value over time, why would you risk day trading it? If you day trade, the short term fluctuations could ruin your profit if you don't know what you are doing. Even the most experienced traders suffer loses from time to time. Day trading is very close to gambling, especially if you don't know how to manage risks.

It is even more true if we are talking about the current market situation. Bitcoin has lost some value compared to the beginning of this year, but still IMO it's the perfect cryptocurrency to hold long time.

Asides that, what he is referring to as daily trading is still a little not expatiated. Daily trading could be short term or day trading.

I would not day trade this market unless I have some pretty good knowledge to handle the market without getting emotional. I wonder why a newbie trader will want to be trading such a high risk rather than waiting for the best chance to hit and run. For now, the situation of the market comes with a very high fluctuation most especially to the downside and I am sure no one will want to be caught in the loop.

yndye

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Quote from: Sreya333 on July 11, 2018, 05:11:27 AM

Considering the present market situation, which one will be more benefiting whether Daily trading or holding cryptocurrency for long time? Please let me know.

Well, those holders are now thinking of trading because the coins they are holding are not doing well but if you aim for the long term then it may just be alright given that the coin would be able to sustain the demand. Whether its day trading or long term holding, it is important that you know when you should take profit so that you can avoid being at a loss. Daily trading is more risky and may be more expensive in trading fees but at least you can avoid having huge losses when the bear market comes.

imrul5

newbie

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First of all cryptocurrency were introduced as a currency not as an investment tool. Due to high demand and huge fluctuations people want to have capital gain. But it is time to buy and hold because it already lost too much. Daily buy sell is not a good idea right now.

Brahuhu

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if you have a chance to trade a good coin in the market and earn some of it thru trading also, then it is better to do it while you will hold some of your earnings in trading but when the market is red it is better to hold.

ethereumhunter

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it is hard to do day trading while the market is in the downtrend and we only have a choice to hold for a long time. but I still believe that even we are in the downtrend, there will be a coin that can help us to gain a profit but this is difficult to find that coin because we need to analyze one by one of the coin list so we can find one or two coin. doing daily trading or holding cryptocurrency for a long time is depends on the market movement itself but some of the coins are better to hold for a long time because it will give us a big profit.

breathlessz

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Trphy.io

Quote from: valheru on July 16, 2018, 08:41:39 PM

The question you ask is a general question that cannot be answered. The answer to this question depends on the coin you are referring to. For example, ethereum is a good choice for a long hold but may not be good in a short-term trade. So you should do research according to the coin you referring.

not everyone is smart to analyze like you, it is true, while at top is the right time to sell. it's hard for me to analyze every coin. so i select convert to eth and hold long time period

TheKeyLongThumbI

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Base on the current situation of the market, it favors daily trading or short term trading. The holding technique is kind of useless for now because if you bought at the all time high and you still did not sell when it came close to that value again then you are going to wait for a long time to see it touching that value again. You are just hoping for a recovery sell off and not for the long term gains.

valheru

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The question you ask is a general question that cannot be answered. The answer to this question depends on the coin you are referring to. For example, ethereum is a good choice for a long hold but may not be good in a short-term trade. So you should do research according to the coin you referring.

logan16j

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Quote from: Sreya333 on July 11, 2018, 05:11:27 AM

Considering the present market situation, which one will be more benefiting whether Daily trading or holding cryptocurrency for long time? Please let me know.

I think that at this point of holding or investing long term is really very dangerous, you can see that the market is in crisis and bitcoin prices will be able to reduce deeply at any time. So if you invest long term it can be very heavy losses.

When the price drops bitcoin will lower the altcoin price and may be reduced more than bitcoin, so you should only short-term investment and day trading to be able to secure profit and zoning risk.

ahmad21

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Quote from: Sreya333 on July 11, 2018, 05:11:27 AM

Considering the present market situation, which one will be more benefiting whether Daily trading or holding cryptocurrency for long time? Please let me know.

This mostly depends on the particular cryptocurrency. In day trading you have to look out for opportunities to buy and sell your holdings. So obviously it means that the coins showing more fluctuations would be best for day trading than the one which is more stable. Otherwise, speaking generally, I think holding is a better option as it involves less risks and need for the trading skills. More than skills most of the people in the market also lag the concentration and the patience which is required to trade regularly.

Congyang

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I always look at market conditions when the market conditions are unstable we can do long-term hold to avoid from the risk of loss, but if the market position is in the not good consume may be more recommended daily trading because it still gives profit even a little.

htconem7

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Quote from: Sreya333 on July 11, 2018, 05:11:27 AM

Considering the present market situation, which one will be more benefiting whether Daily trading or holding cryptocurrency for long time? Please let me know.

I believe day trading is the best option at this time, you can see the market is fluctuating continuously and is in the downtrend stage, we can not know the bitcoin price will be reduced at any. Therefore, day trading will reduce your risk. If you hold the market down, it will lead to heavy losses. You should only invest in short term and always have a stoploss in your trading plan.

bitcoinking11

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In this dip situation, day trading wouldn't be very profitable, so holding long-term would be safe and profitable too. Many investors have been holding long-term, as they believe, cryptocurrency would reach moon again soon.

Spend.com

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There is value in both. Short Term trading for day traders and then theirs ones whom want to believe in the trend and charts for long term.

margert

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Quote from: Sreya333 on July 11, 2018, 05:11:27 AM

Considering the present market situation, which one will be more benefiting whether Daily trading or holding cryptocurrency for long time? Please let me know.

At this point I think that the best you should invest in short and should only trade by the day to be able to minimize the risk, you can see that the market is in the downtrend phase in the long term so the main At this time the risk will be very high, bitcoin prices will be able to drop sharply at any time and will lead to altcoin plummeted. Therefore, I believe we should not invest long term.

kramat

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short term and long term it depends on each person who will choose. investment is an option but if I choose long term because it will give a more definite advantage

Congratz

newbie

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I think it all depends on yourself, because all the decisions are in your hands, but I am with my busy, I prefer to hodl and invest long-term.

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