Topic: Daily trading or Holding Cryptocurrency for long time - page 8. (Read 1684 times)
It's true that there are people that make huge profits in day trading crypto's. However, not everyone succeeds with day trading, and it is also one of the reason why most people lose money trying to beat the market.
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 just divide your coins from daily tradin and long term hold then you will gain better. In my opinion, I will not depend upon the coins I hold. If the coins I hold will pump everyday then I will use it as daily trade but if there is a slow fluctuation of the coin, I prefer to hold it for a long time.
Daily trading is good because you earned money quickly but when it is on pumping time.Holding is good when the market value decreases.This way you will be able to choose if you hit the goal you wanted when you sell your coins but of course at the end of the day it's up to you to decide.
I really hate daily trading, it's like a gambling that makes many people loss their money, I prefer like to trading if there is signal that come up, so I just wait and hold my coin unril the price rise.
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 the present time, I think you should only trade on bitcoin and should not invest long term and any coin. Although the market is uptrend in the short term, it can be seen that in the long term the price of bitcoin may decrease at any time and this will cause the price of altcoin to fall very deep. Therefore, you should only trade day and short-term investment.
looking at the price movements within one last week, I think trading with small profit margin is better
big chance for spike correction but there's also a chance for gradual increase
but hodling $ fiat seems reasonable too because of the recent price spike due for correction anytime soon
sell now ~$7300, wait and buy when it (possibly) gets corrected back to ~$6500
noone can really predict with 100% confidence
big chance for spike correction but there's also a chance for gradual increase
but hodling $ fiat seems reasonable too because of the recent price spike due for correction anytime soon
sell now ~$7300, wait and buy when it (possibly) gets corrected back to ~$6500
noone can really predict with 100% confidence
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 is impossible to say that which is more benifited for you. It is totally depend on you. If you are a experienced trader, so it is benifited for you. Then if you want, so you can hold your cryptocurrency for long time. Then you can understand holding is become profitable or not. 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 is impossible to say that which is more benifited for you. It is totally depend on you. If you are a experienced trader, so it is benifited for you. Then if you want, so you can hold your cryptocurrency for long time. Then you can understand holding is become profitable or not. 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 the present time, I think you should only trade on bitcoin and should not invest long term and any coin. Although the market is uptrend in the short term, it can be seen that in the long term the price of bitcoin may decrease at any time and this will cause the price of altcoin to fall very deep. Therefore, you should only trade day and short-term investment.
They both have a fair share of risks (day trading maybe higher)
Day trading needs more skill and attention. And it us really difficult to pull out substantial interest (excluding transaction costs)
Holding also requires skill and patience, selecting a (potentially) good coin us vital.
Day trading needs more skill and attention. And it us really difficult to pull out substantial interest (excluding transaction costs)
Holding also requires skill and patience, selecting a (potentially) good coin us vital.
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 rely upon you,if you have a little dread to lose your capital in trading,you can pick the long time holding. But,if you need to have a here and now procuring profits,and willing to lose your capital,you can pick the day by day exchanging. For me,i like to complete an every day exchanging which it is one of smart thoughts while doing bitcoin exercises
I thing. Trading is not to easy and day trading is not easy to get the profile. Learn the trading process before use Star. Long time trading is good ideas. Most the coin price is differ with other coin. So not easy to guess the price information. So before trade christian the price in the market place. Then start the trading. If hold the long time easy to get more profit. But you know the price information. So if invest any coin follow the coin price in the market place. Then mack plan and complete it.
From day to day the situation is changing, so it is difficult to give any specific advice on the trading strategy. I think that in this situation there are coins that need a long term trade, and there are coins for daily trading. Each will choose for himself these coins, depending on the overall situation and the specific day's situation.
It also matters whether you have the skills in trading or not.Because if you have,then i think you can engage in day trading as this will give you an immediate profit but demands more risks.You can also buy potential coins and hold them for months or even years until you see big profits ahead of you.
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 is impossible to say that which is more benifited for you. It is totally depend on you. If you are a experienced trader, so it is benifited for you. Then if you want, so you can hold your cryptocurrency for long time. Then you can understand holding is become profitable or not. 
You know by looking at the prices of any coins you can conclude your answers up. Well, by that let's focus at bitcoin. Bitcoin is technically the best coin there is. It started from less than a dollar and look at its growth now.
I suggest to buy now while the price is still in a cheap price in fact it's already gone up to $7500 then a slight loss that made the price at $7414 but still manage to hold on to it's gains. My recommendation is to buy now then hold and wait for the price to surge then sell, simple strategy no need technical analysis.
It depends. If you plan to hold your coins for the very long term (few years at minimum) then it doesn't really matter if you buy today or tomorrow; the minimal short term changes won't affect your long term gains at all. In other words, you can just as easily wait for the market to climb up further if you aren't sure yet, and the technical details don't really matter here.
Technical analysis, regardless of how basic, is a very important aspect of trading and any short term investment. If you disregard everything and blindly jump in at whatever price to sell higher next month, you are pretty much gambling. If you would have done some prior research/analysis, you would see that the price is a tad bit overbought right now and in general not low at all. If the price was actually low the market would have bought it up again.
I think holding the crypto currencies in long term is much simpler and will give much profits.Day trading is only to make money in short term and needs much time ao if you want to be a day trader then it should be your peofession then only you can concentrate on it.
I suggest to buy now while the price is still in a cheap price in fact it's already gone up to $7500 then a slight loss that made the price at $7414 but still manage to hold on to it's gains. My recommendation is to buy now then hold and wait for the price to surge then sell, simple strategy no need technical analysis.
That's pretty much the best strategy right now. And of course I like to invest in some ICO and I'm always searching for the new and promising ones.
I suggest to buy now while the price is still in a cheap price in fact it's already gone up to $7500 then a slight loss that made the price at $7414 but still manage to hold on to it's gains. My recommendation is to buy now then hold and wait for the price to surge then sell, simple strategy no need technical analysis.
Considering the present market situation, which one will be more benefiting whether Daily trading or holding cryptocurrency for long time? Please let me know.
As of right now the best strategy is trading, holding your coins right now is not going to give you profits since the market is not showing a strong tendency to go up, so this is the opportunity where the traders can really make a lot of money if they are good at it, the problem is that trading is not easy, many think they are good traders when the whole market is going up when they are getting the same results as holders, but it is in conditions like this where a trader can outperform holders by a wide margin. Jump to: