Daily trading or Holding Cryptocurrency for long time - page 2.

realBitcoiner

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Quote from: ethereumhunter on September 30, 2018, 05:42:34 AM

Quote from: Catswold on September 28, 2018, 02:29:02 AM

Learning to day trade Crypto can still turn a tidy profit if one follows trends and becomes well versed in the specifics of each coin. So, go out, be patient and diligent, and make money! I've been trading cryptocurrencies for 2 years now and I can say that over $200 billion dollars was made worldwide and has made millions of traders rich. I trade LTC, BTC, ETH, BCH, BCC etc.

Day trading can give a good profit but be careful because of the market still unpredicted, and we need to choose the right coin to trade. Not all coins can have good movements in the market, so this is why we need to research and analyze every coin deeply. There is a possibility to choose one or more coin, but as I said, it will need time to decide which coin that can increase in the next few hours. Besides of day trading, we can also hold cryptocurrency for a long time but this is only for the coin that will have potential to increase higher and usually, this could be the coin in the top ten in the coinmarketcap. But the other coin can have a chance too.

I don’t need this software because I can write my own. I read the messages of other people and reply to them which needs time and I want to pass my time in this forum as much as I can, because here I feel mental relaxation and my time passes very well. This software is for those who do not have much time and want to quit response to people and quit.

Ericgreen

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Quote from: forestgunman on September 28, 2018, 04:50:40 AM

I prefer holding because I do not have much experience of day trading, it is much safer for me to just hold my coins and wait until the next bull market.

Buying and holding is for those investors who do not know anything about cryptocurrency trading and also have no time for trading. Otherwise day trading is much better than just holding. By daily trading you can make money on daily basis if you have experience of trading while holding will give you profit after a long time and that is also not guaranteed.

ethereumhunter

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Quote from: Catswold on September 28, 2018, 02:29:02 AM

Learning to day trade Crypto can still turn a tidy profit if one follows trends and becomes well versed in the specifics of each coin. So, go out, be patient and diligent, and make money! I've been trading cryptocurrencies for 2 years now and I can say that over $200 billion dollars was made worldwide and has made millions of traders rich. I trade LTC, BTC, ETH, BCH, BCC etc.

Day trading can give a good profit but be careful because of the market still unpredicted, and we need to choose the right coin to trade. Not all coins can have good movements in the market, so this is why we need to research and analyze every coin deeply. There is a possibility to choose one or more coin, but as I said, it will need time to decide which coin that can increase in the next few hours. Besides of day trading, we can also hold cryptocurrency for a long time but this is only for the coin that will have potential to increase higher and usually, this could be the coin in the top ten in the coinmarketcap. But the other coin can have a chance too.

forestgunman

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I prefer holding because I do not have much experience of day trading, it is much safer for me to just hold my coins and wait until the next bull market.

bchain22

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Quote from: butka on July 11, 2018, 04:21:53 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.

This!

julzcoinbit

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Quote from: Rooster101 on September 28, 2018, 02:51:53 AM

Quote from: Sreya333 on July 11, 2018, 04:11:27 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 it will depend on your situation and on the coins you are currently holding. Daily trading is more risky if you are not prepared for it. You need enough knowledge, skills and experience to become successful in daily trading. Good trading strategies is also needed to become successful trader. Holding a coin for a long time is for those who had to time trade and it is more profitable because all you had to do is to wait for the price of your cryptocurrencies to go up. If you have enough patience for long term holding then you can surely earn significant profits inthe end.

I heard some people says that the more risk involved in a investment the more profitable it is, so I guess this is might the answer for the question of the OP, but I noticed who execute In daily trading you always have stressed and pressure by monitoring your coin that did invested. So for me, I much prefer by holding it in long term, since i dont have enough time and ofcourse, I don't have enough skill ti proceed daily trading method.

Rooster101

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Quote from: Sreya333 on July 11, 2018, 04:11:27 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 it will depend on your situation and on the coins you are currently holding. Daily trading is more risky if you are not prepared for it. You need enough knowledge, skills and experience to become successful in daily trading. Good trading strategies is also needed to become successful trader. Holding a coin for a long time is for those who had to time trade and it is more profitable because all you had to do is to wait for the price of your cryptocurrencies to go up. If you have enough patience for long term holding then you can surely earn significant profits inthe end.

Catswold

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Learning to day trade Crypto can still turn a tidy profit if one follows trends and becomes well versed in the specifics of each coin. So, go out, be patient and diligent, and make money! I've been trading cryptocurrencies for 2 years now and I can say that over $200 billion dollars was made worldwide and has made millions of traders rich. I trade LTC, BTC, ETH, BCH, BCC etc.

Luckym7

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At the moment I can’t recommend for holding for long time. Now it is the best time for day trading. Yes only day trading. Lot’s of chances now available if you want to make day trading. I mean chances mean profit chance. Though daily basis have low profit I mean you can’t make good amount of profit if you make day trading but more chances for make sure profit.

Maxpips

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Holding long term is very risky in my opinion. Nobody knows if Crypto will still be around in the next few years, and if it is around (I think the big Crypto's will be but not most of the Altcoins) what price they will be at. For all we know they could be worth half what they are now. If that's the case then buying now and holding would result in you not only losing half your investment but also wasting a lot of time waiting, time that could have been spent making money from trading.

FastSlots

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Though the market condition is not good, that's why you need to think carefully before making any decisions. At this moment, trading is very much profitable, but here you have to be experienced! I mean if you have enough experience in trading then do the trade now, otherwise, keep holding your crypto! As a trader, I suggest you to start trading with a low amount of money in this bear market, try to learn about trading. Because I think it is a good time to learn to trade too!

s.mahmood

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Holding for long time is the best strategy no doubt.Most of the investors have no good knowledge especially new investors.So they are unskill.I think long time holding is better for new investors or unskill traders. On the other day trading is better for skill traders.

Pattart

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Quote from: satria33 on September 02, 2018, 01:01:20 AM

Quote from: Sreya333 on July 11, 2018, 04:11:27 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.

Do both because they can make a profit.
do research before day trading or holding

if your time is enough you can use daily trading at the same time, but you also need to know that skills and knowledge are also
needed at the daily trading, not only the capital you need but also your intelligence in market analysis..

Keyboard PC

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for now I feel more able to benefit from trading daily than holding cryptocurrency for a very long time, but if you have very much capital then you can share it for short and long term trading that will be better.

yulionoo

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Quote from: Sreya333 on July 11, 2018, 04:11:27 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 with this market situation, that doing daily trading is more profitable than just holding for a long time. by doing daily trading you can earn income and I think daily trading is a good job when the market is like this. if only relying on surviving, I think there will be a lot of time wasted. in my opinion, it is best to think about how we can earn income, and I think one good solution is to do daily trading.

PX-Z

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Quote from: Sreya333 on July 11, 2018, 04:11:27 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 don't have a good background in trading, specially in crypto trading, i should prefer you to choose long-term holding than in daily trading, and i think you already know how risky is daily trading, specially when you don't have an enough knowledge about on it. So, you should choose the best and more easier to do, like long-term holding.

ethereumhunter

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Quote from: Zarangozang on September 02, 2018, 07:47:41 AM

I am used to scalping and quick profit methods, my brain moves quickly to analyze every available signal indicator, I also follow some premium signals on telegram as a tool. For some coins, indeed with a large volume it is good for the long term, but I only focus on the altcoin with instant hype and I don't hesitate to cutloss.

be careful if you do scalping trading because sometimes it's too difficult to choose the coin especially if the price moves so fast and makes us late to follow the price. but if you can analyze very quick, then I am sure you don't have any problem with scalping trading. Some premium signals on telegram can be a guide to determine the coins, but you need to analyze so you can buy and sell at your price.

btsjungkook

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You can lose a large amount of investment on day trading than holding. Based on what I experienced it gives me more profit on holding altcoins and bitcoin for a long time because if you gamble on day trading you need to invest more time and management. You must be expert in managing your coins except for traders who use trading bots because I think they can make a good profit with using trading bots because you let the bot to wait for the exact time when you need to sell the coins you are holding. If you can manage your time properly and you know which coins that can make your investment profitable, but you can't make the maximum profit of the coin.

BTCedgar

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It depends on the skill level of the trader. Of course, for a strategy hold you needs to have the necessary amount of knowledge and skills, but in general it is much easier to choose coins for this. You can buy a few coins from the top 10. You need a lot more knowledge and skills to trade daily than for a hold.
In any case, knowledge and skills will never be superfluous, so I recommend that you study all the necessary information and gain experience. When you have enough skill, you will be able to buy coins for hold and trade daily. Hold is not a hindrance to daily trading.

Egaymedina

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You may HODL if you buy bitcoins and intend to hold for a very long period of time. Let's assume you bought bitcoins and you intend to keep it for about two years, then you may HODL.
However, if you intend to make profits, however small, in a very short period of time, then I'd advise you to day trade. Day trading is simply taking advantage of the differences in the price of bitcoin in short tine intervals. You however need to be very careful because it might be risky.

Topic: Daily trading or Holding Cryptocurrency for long time - page 2. (Read 1666 times)