Day trader or Hodler, what's the right choice? (in bear market)

francis2

member

Activity: 196

Merit: 10

Quote from: supremnoob on March 16, 2018, 08:22:30 AM

Two situations/cases in this BEAR MARKET. So:

Are you a day trader?
If yes, how long do prefer (limits) you keep a coin until you sell it?

Are you a hodler?
If yes, how long is the best time to HODL a coin (6 months, 1 year etc)

Many people think that BULL MARKET will came in APRIL / MAY. Are we close to that? With present BTC situation... (and all altcoins)

It depends on what you are good at you a daytrader you could make money even in this difficult market but it's not going to be easy but if you are not a very good trader then you should probably avoid trading, if you're a good holder then this could be the perfect opportunity since you can buy coins for a good price and then hold them for months or even years but there are many people that do not have the patience to do that so you cannot do it then avoid holding.

zoata87

legendary

Activity: 1218

Merit: 1004

I think it is better to be HOLDER is this bear market because you dont have to care about the price for short-term. Day trader is very hard in a bear market like this because you can only buy low to sell lower most of the time unless you always sell at the top every time.

monalia

member

Activity: 685

Merit: 14

Quote from: supremnoob on March 16, 2018, 08:22:30 AM

Two situations/cases in this BEAR MARKET. So:

Are you a day trader?
If yes, how long do prefer (limits) you keep a coin until you sell it?

Are you a hodler?
If yes, how long is the best time to HODL a coin (6 months, 1 year etc)

Many people think that BULL MARKET will came in APRIL / MAY. Are we close to that? With present BTC situation... (and all altcoins)

Day trading is good earn platform so I like to participate the day trader. But I don't have enough to predict the right coin. So I am continue to Long term holder. These two are more important in crypto platform but day trading is risky process only expects are survive the day trading platform.

Linhkej

member

Activity: 350

Merit: 10

Quote from: supremnoob on March 16, 2018, 08:22:30 AM

Two situations/cases in this BEAR MARKET. So:

Are you a day trader?
If yes, how long do prefer (limits) you keep a coin until you sell it?

Are you a hodler?
If yes, how long is the best time to HODL a coin (6 months, 1 year etc)

Many people think that BULL MARKET will came in APRIL / MAY. Are we close to that? With present BTC situation... (and all altcoins)

I am the holder. I think the holder will be more profitable than the speculation. And my strategy needs to be more computational and I like this job very much. that's my hobby, i like judgment.
My long-term strategy is to hold 3-7 months. I often check the news related to altcoins and I will buy them before they throw the good news about them.

NaXxow

legendary

Activity: 1085

Merit: 1000

ALT Add: APfc4bykKHxYSVkvzsLdQvmiTXvTgMiCRM

As a Trader and a Hodler, I am expecting everyday to have a bull run, else if not happen, I have a fiat reserve to buy more incase there is a crash or bearish market. I am trading in a good market with good project foundation so that, in case of crash, I have peace of mind that eventually it will recover someday.

Akses01

member

Activity: 182

Merit: 10

It really depends on our choice, but for me because I am a new member, both options will be considered. I think the hodl in cryptocurrency does have a limit, we can decrease the value in the near future, because the price of bitcoin is very volatile, so if we hold in the long run can get a good profit.

trollercoaster

legendary

Activity: 1050

Merit: 1001

Whatever floats my boat, I go along. I think everybody here is doing pretty much the same. If you're in rypto business full-time, you'll see that there are many different circumstances and each of them require their own plan. Though, crypto market is changing not by hours but by minutes and if you can get in a "wave" you might take huge profits by day trading, whereas hodling gives you some stable profit, not much but stable.

a4techer

sr. member

Activity: 552

Merit: 250

Quote from: supremnoob on March 16, 2018, 08:22:30 AM

Two situations/cases in this BEAR MARKET. So:

Are you a day trader?
If yes, how long do prefer (limits) you keep a coin until you sell it?

Are you a hodler?
If yes, how long is the best time to HODL a coin (6 months, 1 year etc)

Many people think that BULL MARKET will came in APRIL / MAY. Are we close to that? With present BTC situation... (and all altcoins)

It depends on your situation if you want to hold or being a day trader even everybody telling that hold so the final decision is still in you. As my experience its hard to be a day trader because you need to monitor always the value and one of the panic seller so i must prefer to be hold for a long term trading.

LaLegiste

full member

Activity: 434

Merit: 100

https://eloncity.io/

The only thing I would add to the previous opinions is that even hodler should always have some part of bankroll in fiat/USDT to low the average prices of investments while dippings and to add new promising currencies on the bottoms.

jerry0

full member

Activity: 1792

Merit: 186

What about making sure you have enough usd or usdt to be ready to buy more?

Also for daytraders, do more ppl trade btc, eth that could be traded with usd? Or are more ppl trading altcoins and also btc and eth with USDT? The thing with usdt is its not fiat and a cryptocurrency. Thus until you cash it out to bank account, you keep it in usdt or btc or altcoin and then when you cash out, you convert to btc and then convert to usdt in coinbase/gemini etc?

coino.org

full member

Activity: 798

Merit: 101

Day trading is the best option for bearish market, but a point is that there are only a few coins with ability to make a SHORT position. In other cases without this option it is better to stay away and cash out

ene1980

hero member

Activity: 2002

Merit: 535

What i would do is to buy the coins when the market is down and would wait for the long term,the best practice is to purchase the coins when the market is correcting and hold for the long time if you are looking for a good profit,there are good coins with low valuation to enter now and enjoy the reap when the market recovers.

rudolfaxl

legendary

Activity: 1372

Merit: 1001

The strategy on the market depends on the general state of the market. I can't guess what exactly I will do tomorrow. Sometimes I buy coins to sell in a few hours, but the price goes down and I have to hold them for a few days. The market is unpredictable. I love crypto for it.

blozo

member

Activity: 308

Merit: 10

First, to be able to day trade you need a lot of time and experience (and even then you can lose money).

I would focus on the long-term prospects of the cryptocurrencies, hence being a Hodler

btc-facebook

legendary

Activity: 1862

Merit: 1015

Quote from: auliahr on March 17, 2018, 08:57:35 AM

I've been stuck a few times in the trade in the last few months and for the moment I stopped it. I currently only hold for long term and also invest in ico.

Based on yearly graphic, bitcoin always show a promising value , increase from year to year
Of course my choice is hold as long as possible. Sometimes my temptation is like current situation when everything turn red but I'm still believe that bitcoin will reach another record if not this year, next year perhaps !

sedou

newbie

Activity: 224

Merit: 0

What I do is I split my portfolio into short term, long term holds and some money to mess around with on bitmex so I am not bored when the market acts like it does right now.

burdeN

sr. member

Activity: 364

Merit: 255

trading day by day takes a lot of time and nerves, holding only nerves Wink

In such bearish market, I took my profit from holding and just jumped on a fiat. Will see weather may be bullish for crypto or not.

auliahr

full member

Activity: 518

Merit: 100

Quote from: mace15 on March 17, 2018, 09:12:46 AM

Quote from: auliahr on March 17, 2018, 08:57:35 AM

I've been stuck a few times in the trade in the last few months and for the moment I stopped it. I currently only hold for long term and also invest in ico.

For me doing day trader is hardly to manage because you have to be attentive for all your coins that you had. I have also experience of stucks of buying coins thinking of it will increase right away. This is Ive choosen for now of long term hold. However, it is still depends on a persons on which he is capable to manage doing day trader and long term.

yes I agree, if we can manage both why not. but it seems I have to restore the best mood, because I am annoyed and tired of seeing the market conditions and other fud or bad news.

mace15

hero member

Activity: 1428

Merit: 506

Quote from: auliahr on March 17, 2018, 08:57:35 AM

I've been stuck a few times in the trade in the last few months and for the moment I stopped it. I currently only hold for long term and also invest in ico.

For me doing day trader is hardly to manage because you have to be attentive for all your coins that you had. I have also experience of stucks of buying coins thinking of it will increase right away. This is Ive choosen for now of long term hold. However, it is still depends on a persons on which he is capable to manage doing day trader and long term.

auliahr

full member

Activity: 518

Merit: 100

I've been stuck a few times in the trade in the last few months and for the moment I stopped it. I currently only hold for long term and also invest in ico.

Topic: Day trader or Hodler, what's the right choice? (in bear market) (Read 582 times)