Topic: Day trade or Hodling - page 65. (Read 28524 times)
You can always "day trade" to Forex. But in crypto, day trading is not always applicable specially if theres a Bitcoin correction. And theres no guarantee you can always make a daily profit. In crypto you need to HODL as earnings takes days.
I prefer long-term investments and holding. But it's not necessary to choose one of the 2 options: sometimes it is useful to combine both approaches, like many people have already mentioned it in this thread. It is very much about what you want and about what works well for you at the moment. There is no best strategy.
I find day trade more stressful, personally. But if you can cope with it on a daily basis - why not do it?
I find day trade more stressful, personally. But if you can cope with it on a daily basis - why not do it?
Yes, it you could combined the 2 then it will very profitable to you. Just put enough money in bitcoin as investment and hold it for long term. Then have funds for your day trading activity. So at least you enjoy the best of both worlds. Your daily trading returns can be used to make more money like re-investing or putting up a small business up front. So diversify, as we often see people preached here.
I prefer long-term investments and holding. But it's not necessary to choose one of the 2 options: sometimes it is useful to combine both approaches, like many people have already mentioned it in this thread. It is very much about what you want and about what works well for you at the moment. There is no best strategy.
I find day trade more stressful, personally. But if you can cope with it on a daily basis - why not do it?
I find day trade more stressful, personally. But if you can cope with it on a daily basis - why not do it?
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 go only for hodling technique because checking prices anytime do really stress me out and its not really my type which i see its somehow complicated for me but there are people who can able to manage these kind of trading habits which they do really make money on movements of prices of altcoin or even on bitcoin which is really great but im sure its really hard to do such thing. 
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?
It's depends on the coins for me and both is profitable when you know the trends of coin which you want to trade.
For example: if you think coin(1) have more potential bright in the future then buy it and hold it.
If you think coin(2) have short time popularity, do a day trade, usually such a coin will rise suddenly then dump quickly, don't lose the train.
In a nutshell, your skill is determine your trade activity.
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 day trading is very risky. You can't control the market, but there are some "groups" that can influence it a lot, and you can't really predict what they are doing. At least I can't. I prefer holding, since right now, even if you don't know what you are doing, you should be able to get a profit, since most coins are just getting there price increased overtime.
Daily speculators are better because we can immediately take advantage of that moment, unlike hodl at some point because the price can go down anytime and we can only reduce losses, better keep working actively.
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 day trading is very risky. You can't control the market, but there are some "groups" that can influence it a lot, and you can't really predict what they are doing. At least I can't. I prefer holding, since right now, even if you don't know what you are doing, you should be able to get a profit, since most coins are just getting there price increased overtime.
You can both earn in that kind of strategy the thing is that the holding is more profitable why?
We all know that holding is one of the key to have a successful in earning profit from cryptocurrency world therefore if you hold you coin you will have an assurance that the coin is going to increase the value. The disadvantage of Holding is that you will need to wait a long time in order for you to earn a big profit.
NOTE: make sure you invest at the right coin
We all know that holding is one of the key to have a successful in earning profit from cryptocurrency world therefore if you hold you coin you will have an assurance that the coin is going to increase the value. The disadvantage of Holding is that you will need to wait a long time in order for you to earn a big profit.
NOTE: make sure you invest at the right coin
If you really want to see your profits right away like some people who can't wait then you go for day trading but if you don't want to monitor your trading and would prefer longer days or month or even years so you could really see the difference then you should go for long term trading.
The type of trading varies person to person. It depends usually on the nature of the trader. If he is lacking patience and is hell impatient to enjoy the profit, he should put his hands into day trading. But if things are otherwise, then long term trading is the best option because it produces much higher profits than day trading.
Daytrading envolves lot´s of knowlegde and skills. It´s very time consuming and stressfull. Also, you need to know when to get out in a loss before it´s to big and when to get profit without getting greedy. That said, if one as doubts about his skills to daytrade the best is to choose a medium to long time hold in most of it´portfolio, and a small part that he is willing to loose to daytradetrade, playaround and learn the skills.
Daytrading is worth it if you have a very efficient trading bot or are capable of creating one. Otherwise HODL and perhaps swing trade the bigger movements a bit. Day trading is not worth the amount of effort that goes into it.
but if you don't know what you're doing you're better off just buying a coin you like and holding and forgetting about it for months/years.
It's very difficult to completely forget about whatever asset you invest in when you're highly involved in that specific market. One way or another, you will always end up finding out what the price is doing. If you can't just leave your investment aside without touching it, and especially if you don't know what you're doing, then you're better off not investing at all. Blindly trading or investing always ends up with losses in the long term.
I see what you mean, if you're asking the question whether to trade or hold, then you're the sort of person who will end up checking the price anyway. But there are other people who just buy bitcoin and then check back a couple of times a year. I know people who do this. But I suppose with alts it's different, especially if they're smaller more volatile alts that could just turn to $0.
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 do both, I use some of my funds to do short-term trading and some of my remaining funds hodl for the next few months to reach my target sell.
Day trading are quickies where you get small to huge profits within few mins to hours. These are always good if you have time and patience and are passionate about it. If you are then you can manage to earn big amounts of profits with these. This is job of people who are completely focused on it. If you want to go for long term investment then let know one thing, you have to accept all the risk and lots of patience to continue. This is because you can not just leave the trade with huge money on stakes in long term investment. So its better to choose one of the option wisely.
but if you don't know what you're doing you're better off just buying a coin you like and holding and forgetting about it for months/years.
It's very difficult to completely forget about whatever asset you invest in when you're highly involved in that specific market. One way or another, you will always end up finding out what the price is doing. If you can't just leave your investment aside without touching it, and especially if you don't know what you're doing, then you're better off not investing at all. Blindly trading or investing always ends up with losses in the long term.
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?
Trading depends in part on skill and part on luck. If you know what you're doing you can make a huge profit but if you don't know what you're doing you're better off just buying a coin you like and holding and forgetting about it for months/years.
I do both. But love to holding for long time. In day trade you have to keep eye on the market for whole time so it is stressful to me that why I prefer holding for long time.
Why keep it for long if you make a profit on day trading at the pump? vice versa, why sell it daily if it does not make a profit. The point depends only on the situation at hand and that's my thinking
For me. It depends on the goal of the trader. If he want it to invest for long term then hold it while if he just want to have a profit in short term even if it is not big then go day trading.
Why keep it for long if you make a profit on day trading at the pump? vice versa, why sell it daily if it does not make a profit. The point depends only on the situation at hand and that's my thinking
Do you have experience trading and have a established profitable strategy? If yes, then day trading is mofe profitable for you. If not, better hold your coins. Day trading is profitable but there is also a chance to lose.If you do not have enough experience, you might incur more losses than win.
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