Topic: Day trading or Long term - page 3. (Read 3717 times)

This is where many got it wrong, they tell that they're going to hold but they don't have concrete plans when they're going to take profits. It's understandable with those people that have said that it is going to be their retirement fund so as they hold Bitcoin and that's going to be what they'll be up to for several years, many decided to go for 5-10 years and even longer as long as Bitcoin still performs very well. But for someone who think of taking some profits, as long as you're up by 100% then that's already a decent time to take profit.

The others will be jealous with the profits of the others and they'd see it from the others that they've earned 100x-1000x and that's some thinking stuck on their mind. With that, they'd assume that they should also take profit when their holdings multiply that vastly. But to tell everyone that have that mind, it's not going to happen to all of the holders and investors and even the greatest traders, not all of them are good enough to take it.

It takes skill, timing and even luck for someone to earn that much with investing and with trading. We've got our own paths with long term holding and the same goes for trading so, stick to the plan and activity that's profiting you and don't look at others profit because you'll have it compared with yours and it will only give you a disappointment instead of being satisfied with how much you're making.

For how long you would hold for the profit at stake? 

That is why something we do will be commensurate with the risk we will face, be it daily trading, long term trading or holding, there will always be a risk that we must take. Nothing is without risk in this space, all have risks depending on our speed to get profit. Day trading makes us profit quickly, but we must also feel the loss quickly. Long term trading may not make us lose in a short time like day trading, but when the market is not friendly we have to wait for a longer reversal. Well, it will come back to ourselves, which risk we can take and it will also require knowledge, meaning which one we master more of the 3 things. Taking risks is different from forcing yourself, so don't force yourself on the pretext of taking risks.

You are trying to lure people to scam, if you are aware of this then I will say you are among the people that organized this scams and if you are not, then allow me to share you more details of the trouble you are about to enter. Staking is way of earning some passive income from your coins incase you are not ready to sell your coins or if you are a long term holder of that coin and most often, they are between 5%-8%, anything above this range is scam.

If you are planing to stake, you should try as much as possible to avoid new coins because new coins are usually very volatile and if you buy them and stake, they may dump on you and if you are promise something like 100%, it will not be enough to cover your loss of your coin actually dump by 100%, it's a set up and you will lose all your coins so I advice you to think well before staking new coins with high APY.

I don't agree with you. If you want instant profit, choose and hold and sell the best altcoins in the market.

I totally agree with you. Investing for the long term can give an investor a lot of peace of mind both mentally and financially. Day trading was really boring when I tried it and I kept losing capital every day but I finally dropped it from my schedule and opted for long term investing.
From my experience day trading is your pesky friend against peace of mind who will only continue to hurt you financially.

Many people say that long-term trading, especially in spot, is the best choice, but of course with the explanation of the scenario you convey, the risk will always be there, it will really test someone's patience when the market experiences a long-term correction, but for some people and including me they prefer to take advantage of the moment to increase the amount of their allocation.
But if we compare it with short-term trading, of course short-term trading can be much riskier, not only in the potential to lose your money in large amounts but also have an impact on mental and psychological, as you said where daily trading is very tiring and I also really feel that which makes me feel stressed but must stay focused on analyzing the market according to the daily session that has been planned.

You can only take the risk at this high and hope that in the long run it will continue to jump up, there's no certainty as the market mostly being work out by players and investors who understand the drill, it's your own assessment and your own judgement that will allow you to be compensated whatever type of investment you involve yourself with.

What it matter is how you understand things around the venue of your investment, even how high the value right now, if you do trust that it will continue to pump then it may reached your target benefits.

Long-term trade can force you to be in the deal for too long, and if you get into the phase of prolonged corection, then this will lead to what you will be forced, or will be averaged, or forget about this money for a sufficiently long time and you will not be able to operate with these means for new transactions. And day trading is the most tiring activity that I tried, and here you can get not only quick profit but also quick losses.

it might be reliable and more profitable sometimes but what if it is not everyone that want to actually hold because if they push all their funds to holding then what exactly will they use when ever they want to spend money, that is one good thing about trading you will one way or the other get funds why i said so is that their people that are fully rely on trading so if those people can actually keep up, just with trading then that will be better.  and those that are holding in very large quantity are very lucky. and I prefer quantity than accumulating gradually it is not really my thing so I will wait till when am finically buoyant.


i was wondering the kind of profit people that invested and have been holding for a long time will make them a fortune and that is what people are looking for and if they have introduced bitcoin to them then  will they be interested that is the truth I don't think they will be interested, sometimes trust that you see is very important, and expensive but all can most of them that heard about it can do now is to regret because the period as already passed and all you can do now is to buy at the current rate. because when you invest and the price goes well in the market, the same effect will show on your money, exactly how it works.

If we talk about the speed at which we can make a profit, then day trading is a trade that can give us very fast profits, but of course it is commensurate with the risk that we will feel if we are slightly off in analyzing or the market becomes unfriendly because of the very high level of fluctuation. Long-term trading will take longer, but it is still risky, it's just that the risk may not be as big as day trading because of the time difference in how we apply the time frame as well. What is safer is holding, especially what is held is bitcoin, we can be more flexible because we will not lose assets when something happens, it's just that we need to hold and be patient longer to achieve the profit we want.

In terms of wisely investment long term might provide decent to huge amount of profits, not that much stress as you just need to place your position and wait for the target and being bothered by any market movements, unlike with short term or day trade you need to watch out and keep monitoring the market as you don't want to missed whatever opportunities you have to sell and take your profits, and aside from that you also needed to work out in avoiding losing a lot if you missed the right position.

You can do daily trading occasionally though, 1 trade a day is already sufficient and even recommended, usually you can always put limit order and take profit so you aren't gonna be fixated on the market price 24/7 so having work load could go along well with daily trading, the problem is always on how to determine a good entry position, tp target and cut loss.

for most of people that just aren't cut it with the mentally exhausting activity of trading, DCA is always the way to go, since people with tendency of easily panicking will always become food for the whales.

the essence of trading itself always emotional restrain.

In terms of trading, long term trading called holding is much more reliable and more likely to be profitable than short term trading. I personally don't like day trading or short term trading.  But if traded for long term especially in good currencies then it will surely bring good results in future. So I would definitely put it at the beginning when it comes to trading.

Yep, it all depends on the situation given, really. And on the mood sometimes Both of the market and of the trader.

whatever works for you best lol.

There's no definite answer as to which one is better, cause if you come to think of it, the money is fleeting with day trading but it allows you to earn it immediately, and when you pool it up against long-term trading oftentimes the numbers equal themselves such as in my case, so I couldn't really say for sure which is better and which is worse. But I know that whatever would work for the trader given his circumstances, as well as his risk appetite should be the top priority when choosing your trading behavior, so there's that.

Look introspectively first and foremost before weighing in which one's better objectively. Sometimes you'd have more affinity to day-trading, sometimes the other way around. Knowing which one you're most compatible with will make sure that you earn as much while losing less, and to top it all off, you get to play how you want to as well.

Yup, not easy and those who believes that market will grow most likely choose to take the long term ride, it less stress as you don't need to keep monitoring how the market run just put your asset in a safe wallet or you can put it in your trusted exchange and place your target position to execute your selling position.

it's more on your understanding and your knowledge about how to work with your investment, either long or short as long as it gives you beneifts that's the main goal.

But it can lead into a pit too, so it's also important to trade with the money that you are okay to spend Sometimes, you won't know where the situation may go (most of the times).

It just depends on where you live and how good you are with your trading skill to even bother to think to make trading as your full-time income source. Full-time trading isn't good as you think and not everyone could achieve this due to the stress and good strategy to maintain the income, also like I said earlier not everyone have enough time to bother to check the graph often because of their jobs and activities.

If you live where it's difficult to get the job and you are already work there, I don't think sacrifice your job to do something inconsistent in terms of income is even worth it to think.

In trading, patient is not everything but the knowledge of trading you possessed is. Anything related to crypto is very risky thou the risks are greater than the others as the case may be. I think there is little mix up here as regarding term trade. Long term trade can be more riskier especially when you are dealing with a project that has no future. You can only enjoy high profits in the long run if the project is a very solid one such as bitcoin.


Day trading requires high level of skills and dedication but it can be profitable by giving you instant earning while you should also be prepared for daily lose if you don't play your part rightly. The better one is the one that allows you to minimize risk and gives peace of mind that you don't need to be on screen every day for market update. I mean hold your coins, not just anyhow coin but bitcoin.