Topic: Day trade or Hodling - page 32. (Read 28455 times)

All bitcoin speculation is a trade. You can never make money on Bitcoin by holding it indefinitely, because there are no dividends. You will just hold it until the day that inevitably has an abrupt crash to $0 and will have nothing to show for it, even if it reached $100,000 first.

I prefer hodling some coin that has strong and good fundamental because this is can be more profitable than day trading, and not need full time to analysis the market in technical. Actually many price of altcoin going up to 1000% in a few month, and to find this coin we have to learn the fundamental of each coin, so we just learn it from fundamental to find it. But for day trade, we should also understanding about technical analysis.

I think its both profitable.if you have a good income then do trading of your 50% and another 50% for keep on holding..but it depend on you how to manage of your btc and if your skill is enough for trading then go for day trading.

Day-trading mostly is focusing on the low profit, which is around 2~5% per day, so i think hold is more risky than day-trading. Hold could turn your money into garbages if you're not selling at the right time.

i prefer choose daily trading because i wont take risk too long for holding. but sometime holding in particular altcoin is better.

i think each option has an advantage and disadvantage. however, if youre investment on bitcoin has a lot of digit, then its better to keep it tell the price hits to the fullest. and for those whose holding few digit on their bitcoin wallet, well its a wise idea to catch the highest pick of bitcoin a day and buy again when it drives low. in addition a piece of advice. you need ro pay close attention to the bitcoin graph all day long. both option is risky my friend

If i do good profit,i probably choose day trading in day trading you can focus the price value everyday trading status,you can calculate what coin is more profitable and demanding in the market in that moment hour and you actually know the coin goes dump fast.In holding coin for long term business actually i can say that sometimes you cannot monitor the price value day by day you rely when or what day the price value of the coin you holding will be x3 or x10.

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.

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.

Day trading is better, its need patience and good strategy. Greedy is the number one factors that day trader always loss. But if you won't take a risk you shoupd only hold your bitcoin.

No one can confirm which is more profitable. It depends on your ability. If you are good at trading, certainly, daily trading will help you earn more money than holding

Both type of trading are better but depends upon the person that how he is dealing with it and what is the condition of that person to make trade . If the guy who want trade have about 1-2 btc then surely he should go with the long term hodl trading  Because long term trading are profitbale thing for us and if we have bulk amount of btc the surely it will be more better for us to make trading with day trading Because small 2-3% profit is enough for them and leaving all the tension of long term hold and down and up in the price daily .
So both of them are profitbale , we should have our choice According to our need and time that we have  , both of them are profitable .

Obviously nobody can bans you pick both to profit, however you should to recollect, when you begin to day exchange, you will effortlessly have a few times you need to offer the measure of Bitcoin or altcoinsyou are holding. Since you don't miss the open door you have know available, that is the time the market will check your train.

There are a lot of trader just going through it until they feel it's worth the value they want, but we are like you the holder, i  hold when it's worth x5 - x10.

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.

All things considered, both are a shrewd decision, it encourages us confine our hazard and get more chances to make a benefit, we won't squander much time on hold and hold up, I likewise separate my capital into 70% for holding and 30% for day exchanging. I would prefer not to spend excessively of my capital on exchanging day since it is very dangerous in spite of the fact that it can bring us great benefit however we require likewise to be watchful and ought not hazard excessively cash on exchanging day. Holding is more secure, benefits are very high, 70% of the capital is exceptionally sensible, joining both exchanging day and holding, we will get a colossal benefit source

right mate,if your capital is big enough to take both why not,50% on daytrade and 50% on hodling for long term investment for that you will have two options to earn if you fail on daytrade the other one will be your chance on profiteering.but if your only having small capital and need a quick money so better stay on trading or maybe gambling if you can take a risk of losing it all

Be that as it may, contemplating the market is what is critical for two of them and as long as anybody is prepared to experience the worry of checking the graphs every single day, while day exchanging, at that point it is great and more gainful, and in the event that they can't, long haul is quite recently the best for them to stick to, it is productive too, however the two accompanies an indistinguishable exchanging hazard from far as I am concerned.

both are good. but I prefer holding because day trading is certainly high risk.

But it depends, how many people thought that bitcoin could grow in value so much in this year, so holding for such a gain is fine as long as you are willing to hold for the long term, so I do not think it is greedy to expect 5x or 10x especially when it comes to altcoins that can move so abruptly, however holding altcoins for the long term has the added risk that the altcoin may disappear and its value goes to zero.