Topic: Day trading or Long term - page 10. (Read 3717 times)

If we talk about Bitcoin then there is lot of evidence available that success lies in long term trading and there is very little probability of getting success if you are a short term trader. Just see results of DCA or Lump Sum over a period of 5 or more years and one can easily figure out why it's important to invest for long term in Bitcoin. Those who don't have much time to look market on daily basis, it's best for them to invest for long term. In this way they can guarantee themselves good profit and also free themselves from hassle of looking into market on daily basis.   

Short-term trading is not easy and not everyone can profit from it. It requires a lot of knowledge, skills and experience, and even experienced people cannot guarantee profits when trading because the market is very unpredictable . What I see is that the majority only prefer long-term , very few people choose trading or both. If you can take advantage of both and profit from both then you are a very good investor, but there is nothing wrong with many people choosing to hold for the long term instead of choosing both . Not to mention , not everyone spends all their time on the market, most have outside jobs so holding for the long term will be a better choice.

Short-term trading is not easy and not everyone can profit from it. It requires a lot of knowledge, skills and experience, and even experienced people cannot guarantee profits when trading because the market is very unpredictable . What I see is that the majority only prefer long-term , very few people choose trading or both. If you can take advantage of both and profit from both then you are a very good investor, but there is nothing wrong with many people choosing to hold for the long term instead of choosing both . Not to mention , not everyone spends all their time on the market, most have outside jobs so holding for the long term will be a better choice.

That's why it can be done at the same time, and most traders here in the crypto space do both day trades and long-term trades. I don't believe that crypto traders only make
one of those two choices.

It's the same thing that can bring us profit; there is something on a daily basis, and there is also something that may be large in the future as long as you are sure of the potential of the crypto assets that you will hold in the long term, such as Bitcoin, Ethereum, and others that are top altcoins.

I usually prefer the Trading because they Trading is more understanding to me. I make money daily, but sometimes holding crypto, is more better because you may lose a lot during the day day to day it’s not just easy. I think it needs a lot of commitment and understanding before you can succeed on the trading. That is why some people just buy coin and leave it to start growing and Bitcoin increase they make more profit and they can withdraw some little things, and they don’t even think of day to day trading because of the stress in it

I usually prefer the Trading because they Trading is more understanding to me. I make money daily, but sometimes holding crypto, is more better because you may lose a lot during the day day to day it’s not just easy. I think it needs a lot of commitment and understanding before you can succeed on the trading. That is why some people just buy coin and leave it to start growing and Bitcoin increase they make more profit and they can withdraw some little things, and they don’t even think of day to day trading because of the stress in it

So I have been trying to wrap my head around which is a better option, day trading crypto or buying for long term keep.
While they both have their pros and cons, they both come with a form of risk and they are meant to generate profit.
The major difference between them is that day trading tend to make profit from small market volatility, while hodling make profit from the bigger change in crypto value.

Day trading involves more techniques, self discipline and rational decision making.
Which do you prefer and think is better

In day trading there are many factors involved and including the risk of losing your cash or trade since you may enter the market at any moment. Actually, it is nice to get into trading, but I don't see much joy in daytrading. I've also listened to a lot of advise on trading and which coins to buy, but I end up losing a lot.

Why not do both? Nothing prevents you from exercising those two (2) options are once. These options are meant to be exercised successively; not that day trading bars you from doing long-term HODLing.

At this stage of our investment, it is definitely recommended that we be smart with our expenses. When we mean "smart", it means that we have to exercise all the possible means in order to maximize every opportunity of profit on our end.

OP I do believe that you have experience on day trading albeit you incur small profits like what you mentioned. Though that may be the case, a profit is still a profit. While you are doing your day trading, you must also maximize and increase your long-term investments for profit at a designated time when you decide to sell those cryptocurrencies.

The major difference between them is that day trading tend to make profit from small market volatility, while hodling make profit from the bigger change in crypto value.
  Day trading involves more techniques, self discipline and rational decision making.
Which do you prefer and think is better

Yes and most people do mistake holding to trading, which makes most of them to fail or loss, because they will be waiting before the coin to rise before they withdraw the money either capital and profit or profit alone and trading require both time, energy and self control, to know when to trade and when not to trade, although both also has some similarities like advantages and disadvantages, it also require patience too because it all involved risks. So that is why we should be aware of what are doing before going through it.

In day trading there are many factors involved and including the risk of losing your cash or trade since you may enter the market at any moment. Actually, it is nice to get into trading, but I don't see much joy in daytrading. I've also listened to a lot of advise on trading and which coins to buy, but I end up losing a lot.

Anyone that don't day trade, then I consider such person to be a holder. A day trader doesn't really need to sit and watch while the market make moves,

I do both but I find long term trading more safer and profitable that's why I stick with it most of the time. Don't like day trading used to take lots of losses with it though some are very good doing it so it depends on an individual some do day trading others practice long term trading. Think everyone chooses what best suit him or her

I assume this is not a matter of which is more profitable between daily and long-term trading. Because if we have skills in trading, of course the daily profits will also be good, especially consistent. But according to this, it is only a matter of time that we can use for trading.

Daily trading needs to be remembered that until now we have not succeeded in defeating the psychology of greed and fear that always haunts us every time we trade. Which makes you unable to sleep at night, you cannot work in peace. talk about profits? Yes, exciting. Even if it's a little, for example we can earn $50-200 a day, especially if we are consistent. However, in the end our sleep is not peaceful because daily trading makes holidays and restless if there are still positions that have not been stopped closed. Because daily trading is basically taking advantage of market price movements within a day, which means we have to monitor prices every day.

So in conclusion, in my opinion, it is profitable to do daily trading (assuming you have the skills and are consistent). But if it has a bad impact on your mental and physical health, you should stop. Because with long-term investments, we don't need to worry about the fate of our investments in the short term because our goal is for a future that makes us mentally and physically much healthier.

I'm trying to understand what OP means, seems to be considering both options. OP realizes that day trading crypto and buying for long term storage have their own advantages and disadvantages. I think it all depends on our principles in terms of considering investment goals and the planned time period for investing, if you choose short-term goals and are ready to take higher risks then crypto daily trading is more suitable, However, if you have long-term goals and want to avoiding volatile price fluctuations, buying for long-term storage may be a better choice.
Consider the extent to which you are prepared to take risks in your investments. However I suggest that If you feel more comfortable with lower risk and want to avoid the stress associated with active trading, choosing to buy and hold long term could be a more profitable option.