Topic: Day trade or Hodling - page 30. (Read 28469 times)

I prefer HODL
I keep my ETH in my pocket
I also keep BTC

No worry and hassle free,
they are rising

The thing there is that HOLDING can only favor you when prices are going up steady, but there are times it do becomes at a steady rate, and you won’t be making much profit then. HOLDING is good if you are the type that’s ready to invest and wait for a long term, if not, you might not like it. Trading is also good, but you have to study it. It took me a long time of study to become perfect in trading, and you can make profit at anytime, same thing as making loss.

It’s a quite a nice division, though I don’t practice ( I’m actually missing out on one, and that is altcoins) my Investment practice is – 60% USD in banks, 20% BTC in exchanges and the other 20% exchanges long term in chain. I do benefit from it, but I think should add altcoins too, maybe that will work pretty fine.

Holding is a good type for investing, but you should not put much money to hold cryptocurrency. First of all, you do not know the future of cryptocurrency without government. You can see the user of Bitcoin still depend on the government and they scare the exchange or other third service provide wallet, exchange are storing their money will rob someday.

Day trading seriously needs a lot of experience or else we will lose our money. But you are saying you will do day trading for fun. it is up to you mate i think you are ready to afford your loss. I am not ready so i go for holding.

A combination of both is the right way to do it in order to gain a bigger profit. As for me, I do day trading sometimes but also hodl. But the real profitable one is day trading. If we consider the same investments in both manners with equal investment, a day trader will profit more and earlier than a simple hodler. However, the necessary skills, strategies to hit a high level of accuracy of a day trader are difficult to master. Or even understand.

A combination of both is the right way to do it in order to gain a bigger profit. As for me, I do day trading sometimes but also hodl. But the real profitable one is day trading. If we consider the same investments in both manners with equal investment, a day trader will profit more and earlier than a simple hodler. However, the necessary skills, strategies to hit a high level of accuracy of a day trader are difficult to master. Or even understand.

It depends what you define as a "20% profit on your trade". As an altcoin trader, I see all profits as coins, not USD, but maybe youre only in the business of trading USD. When you say 20% profit, do you mean that the LSD/USD value went up 20% or that LSK/BTC value went up 20%?

If LSK/BTC went up 20%, then your 0.64BTC has increased to 0.768BTC. Multiple 0.768BTC by the BTC/USD and you have the USD value. If BTC/USD has remained the same since the time of your trade, then you have a 20% profit in USD as well. If BTC/USD dropped more than 20%, then you have a loss in USD (but not until you sell BTC/USD). If BTC/USD has increased, then you have have two different gains multiplied by eachother.

If LSK/USD went up 20%, then you need to know the price of BTC/USD to figure out how many bitcoins you have. If BTC/USD remained the same, then you have 20% more bitcoins. If BTC/USD fell, then you have two gains on your level of bitcoins. However, if BTC/USD has risen more than 20%, which happens quite often, then you have LOST bitcoins.

Holding, investing- thats what I prefer. I do day trading just for fun from time to time.

Day trading is better, don't miss the chance to get profit in cryptocurrency trading. I also hold cryptocurrency but only for bitcoin, so I trading bitcoin with varous altcoin but the profit must be in form of bitcoin.

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 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 think it's best to trade bitcoin instead of holding a bitcoin because bitcoin is now high and it needs to use something like investing or trading because its price is high. If you hohold it, it may decrease its price and make it easier for you to invest in its high price.

I like this distribution:
25% USD in bank accounts
25% USD in bitcoin exchanges
25% BTC in altcoin exchanges
25% BTC long term on chain

With this, I am always making profits. The altcoin trading portion is always making profits in bitcoin. If bitcoin goes up, all my BTC portions rise. If bitcoin goes down, my USD is more significant, plus there will always be a great bitcoin daytrading opportunity with the USD on exchange, plus altcoins usually go up even more. If BTC died, I'd still have the USD.  If all my money and accounts were stolen or frozen by the government, I'd still have the BTC on chain.

I am planning to use bittrex to trade altcoins.  I would first get bitcoin first as i need btc to buy altcoins.

So i have a question on this and want to know if im doing it right.

Let say I have $10000 in btc. 

Btc = 7837.34 usd now

1.28 btc = 10000 usd


I send that 1.28 btc to bittrex.  Lets just make it simple and say i want to buy lisk and its worth $5.  I know its much more than that now but i like to make it simple.  Let say i want to buy 1000 lisk so $5000 plus fees.  I know bittrex fees are 0.25%.  So that means buying 1000 lisk would cost me $5000 + $12.50 = $5012.50.  This is correct right?  So basically now my bittrex btc balance is around half which is 0.64 btc?  To make it simple i ignored the sending btc fee to bittrex.


So let say my goal is to sell it once i make 20 percent profit.  Thus i want to sell it once lisk hits 6 dollars.  Say lisk hits 6 dollars.  I then sell all of it for $6000 - $15 = $5985.  So in this situation I made $5985 - $5012.50 = $972.50.  Is that correct or not? 


So once I sell the lisk on bittrex, I'm getting back btc right since lisk is paired with btc and most altcoins are not paired with usd or usdt as they put it?  So here is what confuses me.  At that moment i will get paid whatever amount btc = $5985 right?  However... isn't it a good chance that i might not get more than 0.64 btc that i originally used to buy lisk assuming btc price went up as well?  Like for example at that moment i bought lisk with my btc...  $5012.50 is about 0.64 btc at that moment.  But now... when i trade $5985 worth of lisk for btc... couldn't i get even less than 0.64 btc?  Thus even though i made a profit of $972.50 in my example buying lisk and then selling lisk... i might get back 0.60 btc only and now my btc balance is only 0.64 btc +0.60 btc = 1.24 btc?  Or is there something wrong with what im calculating here?  I do know when you are investing in altcoins, you are basically betting against bitcoin.  But here in my example, well you need btc in order to buy altcoins almost all the time since theres maybe 10 coins that are paired against usd or usdt?


And if my calculation is wrong, can someone tell me where is my calculation wrong?


Because i believe the profit i calculated is right here.  And if it is right, how do i make sure to lock in these profits?  I know you realized $972.50 in profit here.  But say you dont sell the $972.50 worth of btc now... and wait... well btc price drops... that $972.50 profit could only be $800 or less etc right?  Or is my logic wrong here?  I want to know from daytraders on this as i know daytraders mostly buy low and sell high and make lot of these transactions.  Thus if your goal for lisk is 20 percent profit of 5000 dollars invested and your goal is to make about 1000 dollars on buying lisk minus the buy/sell fees of 27.50 for a total profit of $972.50... are you suppose to immediately send that exact profit $972.50 worth of btc OR WOULD IT BE THE BTC DIFFERENCE between the 1.28 btc you started with and what you have now... and then send it immediately to gdax or gemini and sell it to them and then you lock that $972.50 in profit immediately to your bank account?


The thing is if everything was paired with USD, then it would be very easy to calculate/profits and losses.  I know bittrex has usdt but that is only paired with btc and not many other coins.  So the other thing is would daytraders instead of sending it to gdax or gemini... they immediately turn that btc into USDT?  That way their profits are locked since you have usdt?  I know usdt is around 1 dollar but it cannot be a little less or more.  But i read its still an altcoin.  So i want to know exactly how daytraders lock in their profit after they lock in their profit from one coin.  And most importantly, is it even possible to have a lesser btc balance after buying lisk at 5 dollars and selling it at 6 dollars depending on the btc price.  Because this is very confusing to me.

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?