Daily trading or Holding Cryptocurrency for long time - page 13.

harizen

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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.

It's depend on your own preferences so do your assignment and spent time on as even we suggest you do this or that still it will be managed by your own hands. On the way, all things will be handed by your own strategy.

There are some people who preferred to do day trades, same with holding no matter what market situation is. In here you can see that both are being done and not just stick to the idea of just doing one. Now to see for yourself what you really preferred then risks some money and test it on actual trades. Make that as your testing stage and see what will be the output. You can't really avoid spending extra bucks just to check if your strategy is good or not.

Hope that you will learned on the process.

St4yInTh3D4rk

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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.

Day trading is not effective as holding the crypto in long term,so if anyone who don't need money in the short term will go for holding.And trading is totally different from holding if you want a job then trading is for you or you just need the passive income from your money the holding is for you.

trumper

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That has been asked a lot of time the answer is obvious holding. Trading is not as profitable as holding but holding is also very risky like trading.

liuqi

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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.

The current market is both are good in trading platform because day trading is little risk but we will earn good profit. If we invest in long term definitely it will raise gradually so beginners are right to participate in long-term and experts are more comfortable in day trading.

LeGaulois

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With the old and established cryptos, holding is fine and in some cases can be better than trading. I mean why trading a crypto to earn 2-3% and taking the risks into consideration, while you can just hold your coins and wai, t get the same result without doing anything.
But with the new crypto popping out (or even the not strong ones), you can fail in the trap of a pump and dump scheme resulting in losing funds. There are many good cryptos like Bitcoin that are undervalued
(Zencash is a perfect example)

nydiacaskey01

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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.

If you have a big starting funds, I would start with day trading, you will appreciate day trading with big capital. You will feel the profits even if its just a 3% percent gain. If you get lucky and the coin that you bought was pumped by a group, its like wining a lottery. I remember a time when I bought ZEC, I didn't expect to gain 40% in a day but it did, no positive news or what so ever, all of a sudden the price gained 40%. After that experience, I continue doing day trading until I faced a wall when I bought SYS, the price is just moving sideways, then I realized SYS is not good for day trading but for long term.

ss890

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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.

Choice is always based on the time and surrounding conditions. I guess this is well known fact that whenever you are investing into the coin which is not much volatile or not having lot of movement in the market then it wont be much good for the day trading but can be good choice for the long term holding and have some profits whenever it gets hikes. This is the way you should be working around it and choosing the right path. I guess most of the time people will suggest you to hold only because thats they safest option anyone can have.

dothebeats

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Depends on your capacity to think clearly with pressure. Normally, the best answer is to just hold coins until you make a profit. It takes a long time to reap the rewards but it is there. But if you think you can do better and trade daily, do it while the moment is opportune. It's easy to short at the current market condition than to hold. I'm shorting on my extra money whenever the market is in a slump and halt whenever the price is making a turn upwards. I gain 2-3% every time I try my hand at shorting and to me, that's already an impressive result. It works for me though it might not work for you, so don't take what I said fully and still decide for your own strategy.

hasmukh_rawal

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I was actually looking for the same answer and I am fortunate to find a relevant topic here. I have seen some potential coins like ETH, EOS and BTC see
daily gains/losses around 5% on an average. This could result in a good profit if done the right way. I know it has equal risk to loose which is why I have been holding on tight until now. I guess I ll have to hold on more until I am confident enough about the market trend and then start with day trading.

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Considering the present market situation, do not enter in day trading if you are not a pioneer in trading. If you are a skilled trader day trading is a good option to earn some smart money. But don't be greedy & get maximum 20%-30% profit. In this bearish market better to buy some good ALTS as well as BTC for long hold. If you are planning to buy some wait for more dip in the near future. Day trading needs a lot of patience, Strategy & money management skills to win. Some of skills are mandatory. Be a Good Learner first to become a Good Earner.

Fearless investments will be the long hold trades as always recommended by experts with correct buying & selling points. Be updated in market always with various sources to Enjoy trading.

BrewMaster

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day trading can always be a good source of income if you know how to do it and not end up bag holding by overdoing it. for example you can always find some potential altcoin in this big market and then invest in it for half a day while it gets pumped and earn at least 30% profit for that day alone. but holding that same altcoin can simply mean not only losing the opportunity to sell on top but also losing money when the dump crashes its price.

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Quote from: nicster551 on July 11, 2018, 06:37:08 AM

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 do day trading Bitcoin. But also I do trade for long-term only on altcoins. I just buy a ton of them and wait it out if they pump and I do try to separate them so that I will not lose all of them.

yes i bit also day trading as if tge value would come up with my expectations but also holding for long term is better in different ways and tactics or wiser to choose on what token to be hold long. and i can announce for holding bitcoin as it is most commonly known and have bigger value so in return bigger impact also.

mobnepal

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You are asking this question here that mean you are not one of the elite trader who can cash in every update/news on crypto space so better for you could be just hold whatever you have and keep buying more coins at current dumped price.

Day trading is really risky and you can't beat the short term market moves with manual trading and limited info.

kissme09

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Given the current market situation, daily deals are a great option. Market volatility increases and decreases every day, opening up opportunities for all traders to trade for profit every day. You are experienced and risk-averse, you should not ignore the daily deal.

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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.

Buy and hold only works for bitcoin and a few other coins (Ethereum, Litecoin).

With all others, when it pumps you need to sell, because it will crash back to earth.

frowsiter

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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 guess holding would be far greater than daily trading. The market itself is volatile but when it comes to the extra added volatility like the current one the it becomes real danger for us to make any valid trade. You never know where there is call or put on your trade within the night time span. I guess you should be choosing to hold those coins at least which are the major one and trade those who are already in the swing mode. Its not that difficult to achieve the holding with your patience if you know that you will loose the money if you sell or buy in the current situation.

fanBit101

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It depends on your goals, your investment plan and your trade. Predetermining this has a huge impact on the fund and the value generated. trading or long-term investment are strong in terms of liquidity. But for transactions, you need to focus fully time to materialize profits. I have a combination of these two types. It brings efficiency and harmony.

dungthuy

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there are many the same topic you creat.but i chosen hold for long time crypto market,before you hold coin you have to research about it,now i like eth and I think eth will replace btc in the future,now i buy eth with this price,each week i buy a little eth and i collect eth,i hope eth can reach 2000 usd in next year

renz0

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Holding cryptocurrency for a long time I bet is the best option for better rewards in the future.Again as what I've mention in my previous posts,hacking on exchanges is the main reason why market price is down again.Day trading in this kind of market trends is not profitable since value of coins are gradually decreasing.It takes time before market price recovers so for now just hold on to your coins and pause for a meanwhile if you are a day trader to avoid big loses.

katerinaliisa

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In this situation, you need to distribute the portfolio correctly. I always wonder when people choose one of two options. What for? After all, you can distribute the finances and invest the money for a long time and for a short time.

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