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
Bitcoin price is past $50K. If $49.8K is currently the trading price, then a return to $50K is very close.
The market is experiencing quite promising things to look forward to Bitcoin's new ATH which is likely to occur unexpectedly. There are no altcoin graphs that are red, all have increased due to Bitcoin experiencing an upward price spike.
In reality, doing daily trading is not bad, but being a holder is better if we analyze what is happening lately. Holders who choose not to trade daily really feel the positive impact compared to traders who choose daily trading apart from the necessary techniques and strategies.
It is really that standard that on the time that Bitcoin do make out some bullish sentiment or just simply having that increasing price then it would really be tending to pull up most coins in the market on
which this had been a typical thing that we do have in this market and if you are someone who do really make out those active trades then you could really be able to make yourself having that kind of advantage
knowing about those movements on which we know that if the market do goes up then there would really be a particular time that it would really be going down on which it would really be just that
wise that you should really know on what are the things that you must do to take advantage such movement. We do know that this isnt something that you could really be able to know on whats ahead.
So risks taking would really be the main issue here on each individual on which not all people or investor would really be having the guts on doing so and just simply choosing up on holding instead
rather than on making some active trades.