I think - if you do not have experience in trading it is better not to trade at all. ONLY HODL will bring you more if you buy top 10 Alts by coinmarketcap and HODL at least for 1 year.
Topic: Day trade or Hodling - page 21. (Read 28455 times)
Trading day is an option for traders who want to make a profit in a short time but it is too dependent on the crpto market. The market is affected by dev altcoin and the trader owns a large number of altcoin.
They are both profitable in their own ways but if I need to choose only one, I'll go with holding. I prefer holding because I know to myself that I'm not yet a good trader, I'm still lack of knowledge and skills to handle those difficult tasks of day trading. So for now, I only hold my coins (just playing safe) and hoping that it will grow bigger months/years after to gain profit.
if you can do profitable trading is the way to go, if you don't know how to trade
stick to hold the bitcoins and wait for the pump.
That is correct but there is a huge problem there are a lot of people out there that think they can do profitable trades only to find out that is not the case the problems is they found out this information too late and they lose a huge amount of money they could not afford to lose, this is why I suggest people to first trade with only a portion of their bankroll and once they see they make profits they can use all their money.stick to hold the bitcoins and wait for the pump.
However day trading may also be useful if you have reasonable capital for trading and you can spare more time to monitor the market as it requires more efforts and time.
I would just like to hear your opinions, Which is more profitable, Day Trading where you can profit through buying the dips and selling when it pumps repeatedly, or Long term HODLing where you buy the dip and only sell it when it goes up 5 to 10 times its price value?
Day trades based on altcoins long term hold on bitcoins.
Day trading and any kind of trading is way more riskier than just holding a coins. But its way more profitable than holding. Day trading needs time and focus to have great results.
Those commits daily business mainly because they do not want to take more risk. And those are ready to take risks, they hold for the future.
Day trading can bring lots of profits and if you manage to spare your time for it and have success with it it would be a huge earning but holding on the other hand is also profitable so if you combine them it would be perfect.
It depends on what your skills are. If you are good at technical skills and news hunting, let daily trading. If not, let choose some potential coins and hold few months
Techniques and skills are needed but mostly we need lucks. Cause if you're tricked then even with the right techniques and skills, your money still gone.
It depends on what your skills are. If you are good at technical skills and news hunting, let daily trading. If not, let choose some potential coins and hold few months
For me both are profitable. It depends on trader if they want a short term or a long term investment. If you want a profit as soon as possible go to day trade but if you want a big profit just hodl your token until the price will increase to get more profit.
I would just like to hear your opinions, Which is more profitable, Day Trading where you can profit through buying the dips and selling when it pumps repeatedly, or Long term HODLing where you buy the dip and only sell it when it goes up 5 to 10 times its price value?
i will go for the day trade one cause it'll be more profit i think for that who really need money in daily. but if you have a little extra money go invest that and hodl for a long time and you'll get like you said 5 to 10 times its price value and my advice the best coin to HODL is ETH for now but you have to wait it in the dip and buy that.
Why dont try both ways. 50% day trade and 50% holdings
Day trading is for the coins that is always pump or dump then holding is for the one that coins is consistent in pumping and pumping always. Both of the is more profitable, i think it depends to you how you will make run your capital to have profits.
certainly, daily trading is better than hodling if you are an expert. However, it is very hard to be them. So, let choose big coins such as XRP, Bitcoin and ETH and hold for few years.
For someone like me who doesnt have much money to invest in crypto, hodling is the only thing i can do. Buy cheap crytos and hope it increases in value several times over
I would just like to hear your opinions, Which is more profitable, Day Trading where you can profit through buying the dips and selling when it pumps repeatedly, or Long term HODLing where you buy the dip and only sell it when it goes up 5 to 10 times its price value?
i will go for the day trade one cause it'll be more profit i think for that who really need money in daily. but if you have a little extra money go invest that and hodl for a long time and you'll get like you said 5 to 10 times its price value and my advice the best coin to HODL is ETH for now but you have to wait it in the dip and buy that. I would just like to hear your opinions, Which is more profitable, Day Trading where you can profit through buying the dips and selling when it pumps repeatedly, or Long term HODLing where you buy the dip and only sell it when it goes up 5 to 10 times its price value?
Depends on which coin and portfolio size. I mostly hold my Bitcoin reserve (70-80%), it's a long-term hodling, just because I believe the future of the world economy lies in Bitcoin. But I also day trade some altcoin on Binance, Poloniex, and Bittrex. I'm currently invest a lot in VEN and ELF, waiting this two to rise before selling them and move on to other altcoin.
This combination works like a charm so far. I gain a lot of profit from the recent Bitcoin moon but also constantly increasing my Bitcoin holding bvia altcoin day trade.
I think hodling with a part of the money and doing the daily trade with the remaining part is the right choice. However, you need to be careful when doing daily trade. Must set a target and act accordingly.
Making a 70% portfolio for long term investment, in other words hold is the best thing. You can play with the rest 30% amount. You can trade it or you can value it in the margin trading actually.
Holding. Because more relaxed also save time. We don't need to observe price movements of the coins we hold. Efficient and effective where the benefits and risks are better than daytrading.
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