Day Trading or Long-term Hodl? - page 14.

Magkirap

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Quote from: XCANA on December 14, 2019, 03:49:19 AM

Quote from: Chainsmokers on December 12, 2019, 11:37:54 AM

Day trading and holding in the long term, both of them can make a profit together and everyone must have their choice according to what they can do. For me personally to do day trading we need to understand more about trading and how to read charts to estimate what we will get and determine the right point to get out and buy the coins we have.

Absolutely correct mate, we all have our choice in whatsoever we do in real world and also in cryptocurrency. Day trading is good for me since I got into the industry. I have made a lot of gains while doing day trade but, sometimes its get messier.
Long-term holding at this bearish market look more profitable to me because, loose is been minimize to it nearest minimal.

Like what you've stated you see long term holding now as a better option and i think that concludes that we should be able to do both day trading and long term holding so that we can utilize each thing and maximize the profit that we can possibly earn here in the crypto world but of course it requires you extra effort because you need to know how to do both day trading and long term holding.

styca

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Quote from: Gheka on December 14, 2019, 08:53:34 AM

I don't understand why crypto taxes can be imposed on your country while as far as I know, crypto is virtually anonymous and no country can set taxes or control users here

Yes, there is the question of whether you can just not say anything, and get away with it. I wouldn't like to follow this route, from an ethical perspective - but certainly when you cash out to fiat there will be the question of where that money came from, and the possibility of tracing it back to previous trades.

Quote from: Gheka on December 14, 2019, 08:53:34 AM

if tax occurs, it only happens when we convert crypto into fiat, long-term holdings or trading transactions also need a cumulative time to convert, not necessary to convert every day, so tax is not an issue. You said you made a lot of trading but you still have good appreciation on holding while many traders here have shown too great disadvantages of this method, maybe you need to think more about this method

The position in the UK is fairly clear - HMRC have issued guidance that crypto-to-crypto trades are taxable events for capital gains.

Mega_crypto

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day trading can be super profitable and at the same time over-stressed, nervous is not the place here. The choice of long-term investment should be made when you have a large deposit.

Gheka

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Quote from: styca on December 14, 2019, 08:22:56 AM

I used to do quite a bit of trading, but nowadays I am entirely long-term hold.
The reason for this is tax. Obviously it varies from country to country, and often the law is vague... but in the UK at least, you are supposed to pay capital gains tax not just on crypto-to-fiat 'cashing out', but also on ALL crypto-to-crypto trades. We are all responsible adults - or at least all adults - and it is up to us as individuals whether we pay tax or not, but personally I like to pay what I owe, and I don't like the idea of the authorities suddenly coming to me years later with a huge bill.

I don't understand why crypto taxes can be imposed on your country while as far as I know, crypto is virtually anonymous and no country can set taxes or control users here, but if tax occurs, it only happens when we convert crypto into fiat, long-term holdings or trading transactions also need a cumulative time to convert, not necessary to convert every day, so tax is not an issue. You said you made a lot of trading but you still have good appreciation on holding while many traders here have shown too great disadvantages of this method, maybe you need to think more about this method

Bim abk

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Quote from: bettercrypto on December 14, 2019, 08:20:46 AM

Quote from: XCANA on December 14, 2019, 03:49:19 AM

Quote from: Chainsmokers on December 12, 2019, 11:37:54 AM

Day trading and holding in the long term, both of them can make a profit together and everyone must have their choice according to what they can do. For me personally to do day trading we need to understand more about trading and how to read charts to estimate what we will get and determine the right point to get out and buy the coins we have.

Absolutely correct mate, we all have our choice in whatsoever we do in real world and also in cryptocurrency. Day trading is good for me since I got into the industry. I have made a lot of gains while doing day trade but, sometimes its get messier.
Long-term holding at this bearish market look more profitable to me because, loose is been minimize to it nearest minimal.

Though we can do what we want. We need also to look for market condition. This is not a joke or a play. Trading requires capital and time. If you just trading for the sake that you want and you are the owner of your own ship, it might be the reason why you will fall. Day trade and long term holding is matter of market conditions.

investment and trade do indeed have to have a goal because investment discusses the funds spent. so we cannot play around while doing it, therefore we must prepare everything properly. we must prepare mentally, the potential of time and certainly capital and therefore investing will indeed train us to keep thinking

styca

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I used to do quite a bit of trading, but nowadays I am entirely long-term hold.
The reason for this is tax. Obviously it varies from country to country, and often the law is vague... but in the UK at least, you are supposed to pay capital gains tax not just on crypto-to-fiat 'cashing out', but also on ALL crypto-to-crypto trades. We are all responsible adults - or at least all adults - and it is up to us as individuals whether we pay tax or not, but personally I like to pay what I owe, and I don't like the idea of the authorities suddenly coming to me years later with a huge bill.

bettercrypto

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Quote from: XCANA on December 14, 2019, 03:49:19 AM

Quote from: Chainsmokers on December 12, 2019, 11:37:54 AM

Day trading and holding in the long term, both of them can make a profit together and everyone must have their choice according to what they can do. For me personally to do day trading we need to understand more about trading and how to read charts to estimate what we will get and determine the right point to get out and buy the coins we have.

Absolutely correct mate, we all have our choice in whatsoever we do in real world and also in cryptocurrency. Day trading is good for me since I got into the industry. I have made a lot of gains while doing day trade but, sometimes its get messier.
Long-term holding at this bearish market look more profitable to me because, loose is been minimize to it nearest minimal.

Though we can do what we want. We need also to look for market condition. This is not a joke or a play. Trading requires capital and time. If you just trading for the sake that you want and you are the owner of your own ship, it might be the reason why you will fall. Day trade and long term holding is matter of market conditions.

andika2018

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Quote from: XCANA on December 14, 2019, 03:49:19 AM

Quote from: Chainsmokers on December 12, 2019, 11:37:54 AM

Day trading and holding in the long term, both of them can make a profit together and everyone must have their choice according to what they can do. For me personally to do day trading we need to understand more about trading and how to read charts to estimate what we will get and determine the right point to get out and buy the coins we have.

Absolutely correct mate, we all have our choice in whatsoever we do in real world and also in cryptocurrency. Day trading is good for me since I got into the industry. I have made a lot of gains while doing day trade but, sometimes its get messier.
Long-term holding at this bearish market look more profitable to me because, loose is been minimize to it nearest minimal.

For some people, trading can be profitable because they have good technical analysis and emotional control. Trading is not suitable for everyone because from what I read, 90% of traders suffer losses and I think in the midst of current market conditions, holding for long-term coins in the top 20 is a good choice

FairUser

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Quote from: onyek16M on December 14, 2019, 03:31:24 AM

Quote from: meliodas on December 13, 2019, 07:31:53 PM

Quote from: onyek16M on December 13, 2019, 02:18:10 PM

Quote from: kodtycoon on December 13, 2019, 01:57:12 PM

Quote from: red4slash on December 13, 2019, 12:12:25 PM

Quote from: anjiitem on December 13, 2019, 11:48:41 AM

Personally, I prefer to hold in the long term compared to day trading. Maybe for now I am not very interested in trading because there is a rush that makes it difficult for me to do day trading and I prefer to hold coins in the long term. So for now I only observe the movements of the coins that I hold and maybe if only the price rises and has given me a profit, I will just sell it.

Long-term investment or daily trading is the choice of each depending on the capabilities they have. but I personally see if doing daily trading, accuracy and time will be needed for him, and different from long-term investments that have a lot of time to do research and patience when holding

yes, so to do both besides knowledge, of course they will consider time, because to do day trading of course it will require more time to observe the price movements that happen every day so they have the opportunity to get the moments that are happen every day

yeah both with own usability. honestly i do day trading when i trade altcoins but now difficult to do it because altcoin price stable tend to dropped so i only monitor chart of altcoins and sometime triying to take profit if any chance
for long term hold i choose bitcoin, because bitcoin has good Prospects than altcoins

We cannot deny that bitcoin is good for long term but there are also other altcoins that are also good for long term, for example, ethereum. Ethereum is an altcoin which serves as a platform for other people and companies to establish a system based on their preferences. Nike is one of the recent companies that equipped ethereum blockchain to build a verification system for their kicks.

yeah its also my thinking before, but after i buy ethereum in $700 then i save it and hope ethereum price will increase what happen ? ethereum price going to down then i lose, still positive thinking about that i choose to hold. but what? ethereum price can not moving up Although i hold ethereum almost one year and i still lose my fund in ethereum
so based that i choose bitcoin for best long term investment than ethereum or others altcoins

In the past 2 years, all altcoins and Bitcoin have collapsed. So, if you hold any altcoin, you will lose. But if you buy ETH and hold it is still a good choice. ETH is the best altcoin in this market and it will surely return to ATH in the future. The only problem is your patience for this market. I was in the same position as you, I bought ETH at $ 560 and still hold until now. My assets have decreased by 4 times but that's not the problem, because I always trust this market and ETH

imutlinda

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Quote from: XCANA on December 14, 2019, 03:49:19 AM

Quote from: Chainsmokers on December 12, 2019, 11:37:54 AM

Day trading and holding in the long term, both of them can make a profit together and everyone must have their choice according to what they can do. For me personally to do day trading we need to understand more about trading and how to read charts to estimate what we will get and determine the right point to get out and buy the coins we have.

Absolutely correct mate, we all have our choice in whatsoever we do in real world and also in cryptocurrency. Day trading is good for me since I got into the industry. I have made a lot of gains while doing day trade but, sometimes its get messier.
Long-term holding at this bearish market look more profitable to me because, loose is been minimize to it nearest minimal.

yes we have to think about conditions, if the market is more profitable for daily trading then we do daily trading while the market can provide good conditions for both then we can make long-term investment or daily trading, because the market potential varies every time

XCANA

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Quote from: Chainsmokers on December 12, 2019, 11:37:54 AM

Day trading and holding in the long term, both of them can make a profit together and everyone must have their choice according to what they can do. For me personally to do day trading we need to understand more about trading and how to read charts to estimate what we will get and determine the right point to get out and buy the coins we have.

Absolutely correct mate, we all have our choice in whatsoever we do in real world and also in cryptocurrency. Day trading is good for me since I got into the industry. I have made a lot of gains while doing day trade but, sometimes its get messier.
Long-term holding at this bearish market look more profitable to me because, loose is been minimize to it nearest minimal.

onyek16M

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Quote from: meliodas on December 13, 2019, 07:31:53 PM

Quote from: onyek16M on December 13, 2019, 02:18:10 PM

Quote from: kodtycoon on December 13, 2019, 01:57:12 PM

Quote from: red4slash on December 13, 2019, 12:12:25 PM

Quote from: anjiitem on December 13, 2019, 11:48:41 AM

Personally, I prefer to hold in the long term compared to day trading. Maybe for now I am not very interested in trading because there is a rush that makes it difficult for me to do day trading and I prefer to hold coins in the long term. So for now I only observe the movements of the coins that I hold and maybe if only the price rises and has given me a profit, I will just sell it.

Long-term investment or daily trading is the choice of each depending on the capabilities they have. but I personally see if doing daily trading, accuracy and time will be needed for him, and different from long-term investments that have a lot of time to do research and patience when holding

yes, so to do both besides knowledge, of course they will consider time, because to do day trading of course it will require more time to observe the price movements that happen every day so they have the opportunity to get the moments that are happen every day

yeah both with own usability. honestly i do day trading when i trade altcoins but now difficult to do it because altcoin price stable tend to dropped so i only monitor chart of altcoins and sometime triying to take profit if any chance
for long term hold i choose bitcoin, because bitcoin has good Prospects than altcoins

We cannot deny that bitcoin is good for long term but there are also other altcoins that are also good for long term, for example, ethereum. Ethereum is an altcoin which serves as a platform for other people and companies to establish a system based on their preferences. Nike is one of the recent companies that equipped ethereum blockchain to build a verification system for their kicks.

yeah its also my thinking before, but after i buy ethereum in $700 then i save it and hope ethereum price will increase what happen ? ethereum price going to down then i lose, still positive thinking about that i choose to hold. but what? ethereum price can not moving up Although i hold ethereum almost one year and i still lose my fund in ethereum
so based that i choose bitcoin for best long term investment than ethereum or others altcoins

meliodas

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Quote from: onyek16M on December 13, 2019, 02:18:10 PM

Quote from: kodtycoon on December 13, 2019, 01:57:12 PM

Quote from: red4slash on December 13, 2019, 12:12:25 PM

Quote from: anjiitem on December 13, 2019, 11:48:41 AM

Personally, I prefer to hold in the long term compared to day trading. Maybe for now I am not very interested in trading because there is a rush that makes it difficult for me to do day trading and I prefer to hold coins in the long term. So for now I only observe the movements of the coins that I hold and maybe if only the price rises and has given me a profit, I will just sell it.

Long-term investment or daily trading is the choice of each depending on the capabilities they have. but I personally see if doing daily trading, accuracy and time will be needed for him, and different from long-term investments that have a lot of time to do research and patience when holding

yes, so to do both besides knowledge, of course they will consider time, because to do day trading of course it will require more time to observe the price movements that happen every day so they have the opportunity to get the moments that are happen every day

yeah both with own usability. honestly i do day trading when i trade altcoins but now difficult to do it because altcoin price stable tend to dropped so i only monitor chart of altcoins and sometime triying to take profit if any chance
for long term hold i choose bitcoin, because bitcoin has good Prospects than altcoins

We cannot deny that bitcoin is good for long term but there are also other altcoins that are also good for long term, for example, ethereum. Ethereum is an altcoin which serves as a platform for other people and companies to establish a system based on their preferences. Nike is one of the recent companies that equipped ethereum blockchain to build a verification system for their kicks.

onyek16M

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Quote from: kodtycoon on December 13, 2019, 01:57:12 PM

Quote from: red4slash on December 13, 2019, 12:12:25 PM

Quote from: anjiitem on December 13, 2019, 11:48:41 AM

Personally, I prefer to hold in the long term compared to day trading. Maybe for now I am not very interested in trading because there is a rush that makes it difficult for me to do day trading and I prefer to hold coins in the long term. So for now I only observe the movements of the coins that I hold and maybe if only the price rises and has given me a profit, I will just sell it.

Long-term investment or daily trading is the choice of each depending on the capabilities they have. but I personally see if doing daily trading, accuracy and time will be needed for him, and different from long-term investments that have a lot of time to do research and patience when holding

yes, so to do both besides knowledge, of course they will consider time, because to do day trading of course it will require more time to observe the price movements that happen every day so they have the opportunity to get the moments that are happen every day

yeah both with own usability. honestly i do day trading when i trade altcoins but now difficult to do it because altcoin price stable tend to dropped so i only monitor chart of altcoins and sometime triying to take profit if any chance
for long term hold i choose bitcoin, because bitcoin has good Prospects than altcoins

kodtycoon

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Quote from: red4slash on December 13, 2019, 12:12:25 PM

Quote from: anjiitem on December 13, 2019, 11:48:41 AM

Personally, I prefer to hold in the long term compared to day trading. Maybe for now I am not very interested in trading because there is a rush that makes it difficult for me to do day trading and I prefer to hold coins in the long term. So for now I only observe the movements of the coins that I hold and maybe if only the price rises and has given me a profit, I will just sell it.

Long-term investment or daily trading is the choice of each depending on the capabilities they have. but I personally see if doing daily trading, accuracy and time will be needed for him, and different from long-term investments that have a lot of time to do research and patience when holding

yes, so to do both besides knowledge, of course they will consider time, because to do day trading of course it will require more time to observe the price movements that happen every day so they have the opportunity to get the moments that are happen every day

BuNga_cute

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For me who does not like to wait long to make a profit, it is suitable with day trading, because it can get profit relatively quickly
if you do day trading when compared to long-term hold who must be more patient to enjoy profit. If we choose to do day trading
which has a greater risk than long-term hold, must be equipped with the basic ability to read price movements in the market. So
can precisely find coins that must be bought, because in day trading the selection of the right coins is the key to success in doing
day trading.Different from long-term hold, any coin can be used to get profit, just sell coins more expensive than the purchase price.
simple as that if you do long-term hold.

red4slash

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Quote from: anjiitem on December 13, 2019, 11:48:41 AM

Personally, I prefer to hold in the long term compared to day trading. Maybe for now I am not very interested in trading because there is a rush that makes it difficult for me to do day trading and I prefer to hold coins in the long term. So for now I only observe the movements of the coins that I hold and maybe if only the price rises and has given me a profit, I will just sell it.

Long-term investment or daily trading is the choice of each depending on the capabilities they have. but I personally see if doing daily trading, accuracy and time will be needed for him, and different from long-term investments that have a lot of time to do research and patience when holding

anjiitem

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Personally, I prefer to hold in the long term compared to day trading. Maybe for now I am not very interested in trading because there is a rush that makes it difficult for me to do day trading and I prefer to hold coins in the long term. So for now I only observe the movements of the coins that I hold and maybe if only the price rises and has given me a profit, I will just sell it.

totoy4741

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Long term holding nowadays are is not as profitable as it was before because yeah you might get some profits from hodling but due to the fact there are plenty of dumpers they tend to dump it once they have seen the price increase even just a little bit. Unlike when you have knowledge in trading you could make a profit as much as 10X or greater than the original value of your assets as long as long as you keep an eye on the market flow.

JahriMeayer

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Not all coins are good for hodl long-term because some coins will die in the long time, and for daily trading coins cannot be set to be daily trading because the price of coins always changes. I think you should learn more about daily trading because when This is the most recommended daily trading

Topic: Day Trading or Long-term Hodl? - page 14. (Read 5315 times)