Day trading or Long term - page 7. | Bitcointalksearch.org

Kelvinid

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Quote from: casey15 on February 09, 2024, 07:50:23 AM

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

Well, long-term trading does not exist, maybe you are talking about investing as just buying today and holding it waiting for the perfect price to sell it. While day trading means doing a buy and sell every day, may we have to hold but never takes too long because holding just happens when sudden drops happen where a trader waits for the recovery but this does not often happen.

Choosing day trading is good if we are good at trading as well. It is indeed more profitable than long-term investment but it is stressful.
Choosing which one is better will depend on our capability and risk appetite as we know that day trading is quite riskier than just investing.

Fatunad

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Quote from: yudi09 on February 12, 2024, 03:40:35 PM

Quote from: casey15 on February 09, 2024, 07:50:23 AM

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.

yudi09

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Quote from: casey15 on February 09, 2024, 07:50:23 AM

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.

Awaklara

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Quote from: casey15 on February 09, 2024, 07:50:23 AM

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

everyone has their way of determining this. I personally do both. but I don't trade that much at the moment. only when I want to trade or there is a certain event. because I have felt which between trading and holding is better for me.
maybe the situation is different for other people. where some like trading rather than holding assets for the long term. Some considerations are certainly taken into account. but some do both simultaneously. and those who probably do daily trading and long-term investments have a pretty good focus.

GeorgeJohn

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Quote from: casey15 on February 09, 2024, 07:50:23 AM

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

If you don't know too well about trading or you are still learning of trading I will encourage you to ahead for investment neither short-term investment or long-term investment, because the risk measure in trading is higher than the risk measure in buying and holdling of bitcoin, so I know quite well that holdling of bitcoin for long-term will be of profitable than someone who don't know or understand the rudiments of Trading, because holding of bitcoin or any coins can give you more profit indecence that it might take a longer duration than the person who is a beneficiary in trading, when you understand the norms or trading you may make a mega profit trading than someone who is venture into long-term investment because is making a constant profit and another thing is that the particular amount use for the investment.

Investment is all about risk, so neither you make profit or you loss during the process, both long-term investment which involves buying and holdling of bitcoin or any coins for long-term, trading can wape your capital within a short period when you have not understand the protocols of trading, so none of them is assured that you can make a consistent profit, so both have advantages and disadvantages measure.

cute nmp

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Prefer Long term trades than shorter one .Most of my profits come from my long term trades or coins that I hold or months or even years at times.Have been in crypto for years now but still can figure out how to make good profits from short time trades.

Mpamaegbu

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Quote from: casey15 on February 09, 2024, 07:50:23 AM

So I have been trying to wrap my head around which is a better option, day trading crypto or buying for long term keep.

No one is better than the other. It all depends on the temperament of the trader. In this industry, both can make you money the same way they can lose you money. A better way to trade them is to develop a trading plan that reflects one's temperament. If one is impatient, day trading or even scalping will be better suited for one. If one has a day job, maybe an office work or one that takes one away from screen time, then swinging or position trading should be a better option. Don't base your trading on what others are trading or the way they trade. Develop your own plan based on what works for you. It's custom made that way.

stomachgrowls

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Quote from: GeorgeJohn on February 11, 2024, 05:41:05 PM

Quote from: Oshosondy on February 09, 2024, 07:56:00 AM

Day trading can be refer to short term trading like trading within a day or two days. Long term in the way you used it can mean swing trading. Swing trading is when you hold your coins for some many days to many weeks. But the long term that you are talking about is holding. Do not compare holding to trading, because holding is safer, better and it requires less time and energy from you. But this is when you are buying good coins and not shit coins.

there is something that we have to understand between trading and holding of a coin based on investment neither long time investment or short term investment so it depend the one that you want to venture into but and aspect of trading is very different from holding of a coin so therefore I believe that holding of a coin can be very easier for someone to make a profit when the coin is a potential coin and when they coin have a very good reputation so you cannot equate threading with holding or buying and storing of a coin for a long time.

You would really be able to find it along the way in between into these things on which holding and making some trades on active manner. It would really be falling out on someone preference if we do speak about investment
and trading specially if we do able to make those experiences on which we do able to find out on which one is viable and which one is really that something that you would able to adjust accordingly.
So if you do find out that holding is really that effective on you at the same time you do able to make money out with those active trades then this is something that would really be that an advantage on your part.
There's no way that you wouldnt really be able to find out on which one is really that making you money but somehow this particular skills isnt something that could be learn in short time period.

This is why people would really be that planning or deciding on learning into this one when it comes to this skill but we know that not all would really be successful into this field
but you wont really be able to know not unless you would really be trying into yourself.

michellee

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If it is Bitcoin, you can choose to buy for long-term holding. You have seen how Bitcoin prices have moved so far. And it can be profitable for you if you buy a lot of Bitcoin.

Meanwhile, for daily crypto trading, you need to learn how to trade. You have to know how to analyze the market, which is a lesson that must be practiced. Moreover, market conditions are constantly changing, so you need to practice your analytical skills to find coins that can increase.

I prefer to buy and hold Bitcoin for the long term. But I also sometimes trade crypto, even though it depends on market movements. I don't always trade daily but only when I feel the market movement is good and I can follow it.

BD Technical

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If you do daily training every day, you have a little less chance of losing something and a little less chance of profit because slowly you invest slowly because if you invest long term then you buy another disease. With one dollar, in the future, after seven days or a month, the price of the token goes to three dollars or four dollars, in that case, your per token profit is 2-3 dollars. But if you tat on the divide, your loss will be less. If you see that there is a market, you can sell the token, but your chances of profit are a little less because the profit is slow.

But I will say if you have a general idea then you will not come to the train world here there is definitely risk and if you invest you have to take list it is normal but you know and understand and then invest thank you.

Botnake

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Whether it’s day trading or long term hodling, they share the same thing, discipline should always be given high emphasis. Because the fact that day trading and hodling both involve risks, then there should be high amount of discipline and patience. If you don’t have that, don’t resort into taking risk investing or day trading. However, there’s always a process to learn both of them. Even with day trading that has higher risk of losing, if you can learn its process, you will definitely end up being a successful day trader.

mirakal

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Some would always prefer the less risky long term hodling while others take the challenge to overcome the high risks with day trading. Whatever it is, everything depends on their own preferences and risk tolerance, as much as their knowledge and skills. In the end, both will derived at a huge profits as long as good management and patience are present.

However, based on my experience, if you are not confident enough to trade, then never jump into trading just because of its promising profits. Take your time while learning the basics in trading and develop your skills and strategies first before you decide to go on trading, most especially in day trading where risk is higher and the chances to lose at an instant is bigger. Otherwise, just settle into the less risky hodling so you can save yourself from consistent losses.

GeorgeJohn

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Quote from: Oshosondy on February 09, 2024, 07:56:00 AM

Day trading can be refer to short term trading like trading within a day or two days. Long term in the way you used it can mean swing trading. Swing trading is when you hold your coins for some many days to many weeks. But the long term that you are talking about is holding. Do not compare holding to trading, because holding is safer, better and it requires less time and energy from you. But this is when you are buying good coins and not shit coins.

there is something that we have to understand between trading and holding of a coin based on investment neither long time investment or short term investment so it depend the one that you want to venture into but and aspect of trading is very different from holding of a coin so therefore I believe that holding of a coin can be very easier for someone to make a profit when the coin is a potential coin and when they coin have a very good reputation so you cannot equate threading with holding or buying and storing of a coin for a long time.

freedomgo

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Focus on what you think you are more capable of doing. While day trading can be riskier, but if you are skillful on it, then I think that will be your edge so you can keep winning your trades. However, if you are still a beginner in the market, trading might not be suitable for you because of the high risk it brings. Focus first on buying and long term hodling, aside that it’s less risky, the profits will still be good enough most especially if you are doing maximum purchase on bitcoin.

GbitG

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Quote from: Lukmanfirdaus1 on February 11, 2024, 01:11:29 PM

It depends on what coin I'm holding. When it comes to memecoin, I definitely do a short term, it can even be one to two hours when buying. but for big coins like bitcoin and top 10 cmc, I do long term, I'm not really worried about price movements, I'm sure they will definitely give me maximum profit. So if asked which one I choose, it completely depends on what coin I will trade. As for my trading technique, I use the most basic indicator, namely SnR.

Just a suggestion, not financial advice: Don't consider all the coins and tokens in the top list of CMC or any other website to be completely safe for long-term holding. Remember what happened with LUNA? It used to be one of the top cryptocurrencies in ranking and people could never imagine something like that could happen, but unfortunately, it did and it cost investors millions of dollars cumulatively. Though I wish that nothing as tragic as that happens again in the market because it harms the overall industry and the market, it is better to be cautious than to regret it.

So, I would suggest that you make sure that you are always keeping an eye on the cryptocurrencies that you have in your portfolio so that you are not missing anything that's happening.

Nanga Parbat

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Quote from: casey15 on February 09, 2024, 07:50:23 AM

Which do you prefer and think is better

I prefer long term trading because it avoids the short term fluctuations of the market and protects my investments for the duration. This approach gives me financial stability and consistent profits and protects me from emotional trading.

GigaBit

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Quote from: casey15 on February 09, 2024, 07:50:23 AM

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

Both day trading and long term trading have certain advantages and disadvantages. A day trader makes there profit opportunities through daily buying and selling but there is no such opportunity for a long term trader he has to wait for a long time. Day traders are relatively riskier. It becomes extremely difficult for a day trader to make a profit in a bearish market. However, a long-term trader can generally be somewhat free from such conditions. If the asset price declines in a bear market, he will gain in a bull market. Day trader has to pass time through human pressure. But a long-term holder can maximize long-term profits from completely free. In this case a long term trader gets relatively little relief. But if one can do day trading by fully using knowledge and experience then it is easy to make profit by day trading.

pusaka

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Quote from: jaberwock on February 11, 2024, 01:11:44 PM

Quote from: Ricardo11 on February 09, 2024, 03:31:12 PM

I think long term investment is better, as day trading comes with high risk. But the profit in day trading is also high. But in day trading, as there is profit, the possibility of loss is very high. In that case the investment is low-risk. If you can invest for the long term and hold for a long time, you can make a lot of money from the investment as well. Only the investment should be for long term. And never stop holding in panic. But you will be able to make a lot of money from holdings as well. I always hold using DCA method and I think long term investment is best.

Risk will still depend on the coin, the amount we put in, and our ability. If these three are poor, long-term investment will still be risky. If good, earning high can also be possible in long-term investing.

Other than the three qualities that I mentioned earlier, there is also luck, like for example if you get lucky on a new coin, it is still possible for you to earn big via short-term investing, and new coins usually don't last long, so there is still no point on hodling them. For you it was long-term hodling is the best but for others it was trading, and maybe you haven't tried trading before, for you to say that or be biased? And you only heard the feedback of others which says the same thing.

In this context and when it comes to risk management, I would prefer to hold for the long term, as the risk is lower, although the downside is that we will benefit for a long time as well. Of course, by holding I mean holding very good coins, especially bitcoin.
It's true, some are more interested in holding, others are more interested in day trading. But we also have to look at who is more interested in day trading, as far as I see people who are more interested in day trading are people who already have extensive knowledge and experience. Meanwhile, to gain experience and knowledge must require a long time.
Actually both of them don't matter to me, do whichever one we prefer as long as we have enough knowledge. But for beginners I would recommend holding only.

Huppercase

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Quote from: casey15 on February 09, 2024, 07:50:23 AM

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

Instead of been ideal, I will share you the reality because that's what we need to know, not all these theoretical aspect of discussion because after a while and testing what's been recommended, you will found out that it's what you wish to see you might see in the process.

Trading is not easy, that's a fact, I have been there and have done that, I made money and I made losses but overall, the experience was worth it but you will not enjoy trading unless when there is a bullrun. The bear market is very bad one to engage if you are a trader, you will most likely make more losses than even profit doing trading in bear market but if you are good, you will make money as a day trader in bull run. That said.

As for holding, it's very advantageous than trading, you don't need time resource, you don't need indept technical knowledge of trading, you don't need to do deep analysis like trading, just some few info about the coin, check the chart if it's time to buy and get some on your wallets and you will be fine. You sell when there is profits without going extra miles to check things like stop-loss. However, you need to be careful of the type of coins you buy so you don't become exit liquidity for market manipulators.

YOSHIE

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Quote from: casey15 on February 09, 2024, 07:50:23 AM

So I have been trying to wrap my head around which is a better option, day trading crypto or buying for long term keep.

The two trading methods you mentioned both have the same goal, namely making real profits in the crypto market, the difference is in term, for me they both have different knowledge.
1. Daily trading, here you must have knowledge in the field of analysis, graphics, crypto market developments and you must be ready to sit in front of a laptop during the trading process on that day, you really have to understand the crypto and market situation, so that you avoid from loss.
2. Long term, this method is almost the same as investment, only you press a sell position at a certain price within a certain period, you don't need to do as in the points above [1], you can just wait for the price you have determined.

Conclusion: if you have daily knowledge you will make a profit faster, in the long term you will only make a profit when the time comes, the point is: it depends on the crypto trading knowledge you have mastered.

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