Day Trading or Long-term Hodl? - page 18.

bobelr

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Quote from: poldanmig on November 03, 2019, 11:44:10 PM

Quote from: bobelr on October 17, 2019, 07:24:45 AM

Before now, I have always been getting it wrong about cryptocurrency. A friend recently opened my eyes to see how I could have increase little coins I have to fortune overtime by day-trading. But I am no that type. I had always thought I could only make fortune in crypto by hodling a certain coin for long.

Your initial mistake was an error in choosing the altcoin you want to invest. and maybe when you choose hit the hype that occurred at that time. when investing in the long run don't ever buy altcoin which goes up a lot because of the hype because it's risky we're stuck.

For your own trading depends on whether you already understand how to analyze the market? already understand about the indicators that exist in the market. because trading is not as easy as many people say, especially if you have never traded before

I actually didn't had any knowledge of trading or other at that time. That accounted for the huge loss.

bobelr

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Quote from: alan2here on November 04, 2019, 04:36:01 AM

Quote from: reality18 on November 03, 2019, 11:16:15 PM

Personally, I prefer long term hold because it is what I have mastered. Well, I have tried Day trading once and I lost almost $100 which brought an uncomfortable experience. I can say day trading comes with its own expertise which the trader must learn and acquire before starting. The trader must also be ready to stay glued to the PC the whole day in order to see the trend of the coin.

Day trading is really hard to make money because we have to focus so much on the data of that coin so there will often be many problems related to our emotions. I think long-term investment is safer and you can completely control yourself if the market collapses unexpectedly. One way or another the most important thing is still profit because if you can not make money in this market, you will be a failed investor.

Of course no one wants this to happen and you need to have more knowledge in order to survive in the bear market. I only analyze the top coins and always consider many times before investing.

You're right. Many response I got says almost the same as you. But I have learned one thing here overtime which is what risk is all about. Anyone scare to take risk is taking a big risk. But minimizing risk is a great skill not common. Thank you once again.

bobelr

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Quote from: enhu on October 17, 2019, 07:57:02 AM

Day trading isn't as simple as just buying low and selling high, it just doesn't work much with altcoins in my experience you got to do it in BTC/USDT. If you take a look at the SNTR today, its almost worthless coin where you can't even see updates that can make the coin spike a bit to attract traders but with BTC the price can just swing in everyday where your chances of earning is much larger.

yeah SNTR is more than worthless. I dumped already. Thanks for advice.

alan2here

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Quote from: reality18 on November 03, 2019, 11:16:15 PM

Personally, I prefer long term hold because it is what I have mastered. Well, I have tried Day trading once and I lost almost $100 which brought an uncomfortable experience. I can say day trading comes with its own expertise which the trader must learn and acquire before starting. The trader must also be ready to stay glued to the PC the whole day in order to see the trend of the coin.

Day trading is really hard to make money because we have to focus so much on the data of that coin so there will often be many problems related to our emotions. I think long-term investment is safer and you can completely control yourself if the market collapses unexpectedly. One way or another the most important thing is still profit because if you can not make money in this market, you will be a failed investor.

Of course no one wants this to happen and you need to have more knowledge in order to survive in the bear market. I only analyze the top coins and always consider many times before investing.

poldanmig

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Quote from: bobelr on October 17, 2019, 07:24:45 AM

Before now, I have always been getting it wrong about cryptocurrency. A friend recently opened my eyes to see how I could have increase little coins I have to fortune overtime by day-trading. But I am no that type. I had always thought I could only make fortune in crypto by hodling a certain coin for long.

Your initial mistake was an error in choosing the altcoin you want to invest. and maybe when you choose hit the hype that occurred at that time. when investing in the long run don't ever buy altcoin which goes up a lot because of the hype because it's risky we're stuck.

For your own trading depends on whether you already understand how to analyze the market? already understand about the indicators that exist in the market. because trading is not as easy as many people say, especially if you have never traded before

reality18

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Personally, I prefer long term hold because it is what I have mastered. Well, I have tried Day trading once and I lost almost $100 which brought an uncomfortable experience. I can say day trading comes with its own expertise which the trader must learn and acquire before starting. The trader must also be ready to stay glued to the PC the whole day in order to see the trend of the coin.

macchiato

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Regardless of what coin or token you are holding, you need to consider both options. Long term holding can be the most suitable action for some coins or tokens especially those which took a while to pump. But for coins or tokens that aren't too useful for longterm are good for day trading because it depreciates faster compared to others.

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Quote from: huu78 on November 03, 2019, 08:49:49 PM

Of course, we can choose both if we are able and have much more time to do daily trading. But for people workers can only make long-term investments because they are too busy with other jobs. Both can be done if we are unemployed.

that's right, both are very good.
for someone who doesn't have a job in the real world, it's best to do both. but for someone who is busy in the real world, he will choose for long-term investment. in my opinion, whatever the choice as long as the coin chosen is a good coin, it will be very profitable.

huu78

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Quote from: iv4n on October 20, 2019, 06:53:45 AM

Quote from: huu78 on October 20, 2019, 06:29:55 AM

Maybe if I choose both. For the long term then the main one is buying Bitcoin do not an altcoin.
And for day trading try that has good daily trading in the market. So we not only wait for the long profit but we also get profit every day.
Or try to switch investments to IEO which can get a pretty fast profit.

There's no maybe here, we are free to do both of them if we can and if we want to. Long term holding is not complicated, you invest in coins you like and keep them in the wallet, when ever you wish to add more you can do it buy buying more coins and transfering them to wallet, simple and easy, doesn't take much time.
Short term trading on other side can be a full time job, to do it everyday for hours if you want. You can use multiple exchanges, some way to track all of your trades, all in all it can be exhausting.
Some are capable for doing both, and who is capable should practice both.

Of course, we can choose both if we are able and have much more time to do daily trading. But for people workers can only make long-term investments because they are too busy with other jobs. Both can be done if we are unemployed.

cotton ball

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Quote from: Bitfling on November 03, 2019, 07:37:14 PM

Quote from: Google+ on November 03, 2019, 06:34:19 PM

I think to look for a lot of profit then daily trading is better but if you don't have much time to look at the conditions of the exchange place then doing long-term trading can be a good choice because you can get very much profit and that can be achieved if you buy bitcoin and save it for the long term, while for altcoin I think it is very risky because altcoin cannot provide guarantees for you.

For people who already have a long experience in the world of trading, daily trading is profitable because it can get profits quickly. But for people who do not have the ability to analyze market movements, long term hold is the best choice because the potential for crypto in the future must be good

Daily trading you ear profit every day without holding with your altcoin investing have lower price, daily trading give opportunity for investor have limited money earn profit routine. Long term trading is good for investor have other source income and have much money, when their investing have floating they can earn profit with other side but for investor have low budget daily trading is best option.

Bitfling

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Quote from: Google+ on November 03, 2019, 06:34:19 PM

I think to look for a lot of profit then daily trading is better but if you don't have much time to look at the conditions of the exchange place then doing long-term trading can be a good choice because you can get very much profit and that can be achieved if you buy bitcoin and save it for the long term, while for altcoin I think it is very risky because altcoin cannot provide guarantees for you.

For people who already have a long experience in the world of trading, daily trading is profitable because it can get profits quickly. But for people who do not have the ability to analyze market movements, long term hold is the best choice because the potential for crypto in the future must be good

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I think to look for a lot of profit then daily trading is better but if you don't have much time to look at the conditions of the exchange place then doing long-term trading can be a good choice because you can get very much profit and that can be achieved if you buy bitcoin and save it for the long term, while for altcoin I think it is very risky because altcoin cannot provide guarantees for you.

ImSuparmin

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Quote from: InwardContour on November 03, 2019, 03:24:36 PM

Quote from: Gozie51 on October 17, 2019, 09:25:16 AM

Hodling can give you good profit but not in all cases, meaning not all the coin you hodl. Before hodling, you can check if the community is active and this is important. If the coin is in cmc, you can easily check there to know the direction that it is and how it can grow in the future. You have to study a coin before investing in it. I have invested blindly too and seeing price slump painfully.

It's good you acknowledged you've also invested blindly in the past and learnt from your mistakes. Some people just jump into buying a coin when there is little hype around it, or when it's called by a pump group especially on telegram. I asked one of my friends why he bought a coin two weeks ago, his reply sounded like its coming from a newbie. He said he is buying because the coin is so cheap, when I checked, the total supply was extremely huge, the team hasn't been active and there is zero development, the daily trading volume is below 200$. I wonder when people will stop being lazy to do proper research before buying any coin, especially holding for long term.

I agree with your opinion, a lot of people are lazy to do proper research before buying any altcoin, even though the key to successful trading is to research an altcoin first before buying it, is it true that the altcoin we choose has great potential, if yes we take, if not we don't buy it. It is very difficult to research, but if we are not careful like that instead of profits instead of losses that we will get, and only regret will come.

bright4mech

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Trading of bitcoin, or any other alt-coin in the cryptocurrency exchange platform, is a 24hrs trading, Hence, i preferred Day trading method, base on my strategy to follow while trading.

ImSuparmin

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In honest trading I can't do that, because I still don't understand all about trading, but if you compare it with Day Trading or Long Term Trading in my opinion I want it to be Day Trading or Long Term Trading which is important for big profits, for example if Day Trading gets a profit The big one is why not to sell it right away, because in the long run we don't necessarily get a big profit, as long as we have to take it in front of us, don't want more, don't let us want more profits, but even the losses we can get.

Brunus

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By investing in forex, I was able to get good results in day trading and scalping, applying a good knowledge of technical analysis.
With the crypto everything is so unstable that the consecrated methods have little value, and we must rely on market knowledge, intuition and luck. And anyway, I'd bet on the long term.

babicena14

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This is an age-old question. I believe that there is no definite answer to it. After all, each of these methods is profitable. So it seems to me that you can choose any of them.

KimmyF

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Quote from: bobelr on October 17, 2019, 07:24:45 AM

Before now, I have always been getting it wrong about cryptocurrency. A friend recently opened my eyes to see how I could have increase little coins I have to fortune overtime by day-trading. But I am no that type. I had always thought I could only make fortune in crypto by hodling a certain coin for long.

13 months ago, I bought SNTR worth about $100 hoping that in few months I'll wallow in milliions of dollars like Ian Balina , but the reverse is often the case in the subsequent ones I bought. Sad fact, $100 worth of SNTR 13 months ago now less than $2.

Recently, I watched several videos of how to analyse a coin or token to invest in, gained some good knowledge of the basics. I discovered day-trading tokens like DX token and AWC could have actually make me what I hope to be If i had the right information. But its never too late. Yet, I am drowned in mentality that hodling for long can only be the fortune I hope for. Reason I need help.

My thousand coins value is now 50 USD. This isn't for our wrong research, we hold the coin when was the time for sell. Now Atomic wallet token trading time, before was holding time. You can get more profit from AWC instead of day trading when supported Binance blockchain. Now you can trade by new tokens as AWC was new.

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Quote from: Renampun on November 03, 2019, 03:41:08 PM

Daily trading will be very dangerous if your capital is not large
you will only lose money because you pay a fee and it will be easy to be greedy
long-term trading (weekly or monthly) is the right choice
so we are able to control our emotions and greedy nature.

As you said day trading is dangerous but not only for the trader with low capital cause the current market trend is also not good for traders which still don't have tangible experience and for the issue with the fee it better to use exchange token sometime.

Quote from: Renampun on November 03, 2019, 03:41:08 PM

Quote from: MathGame on October 28, 2019, 06:58:42 PM

Long-term trading is also known as HODLing is the best when it comes to making profits. HODLing is very hard if you don't actually have another source of income. Day trading is way too risky and if you are not professional enough you may likely lose your investment easily.

not all long-term trading is called HOLDing, Weekly and Monthly trading is not a type of HOLDing IMO.

Long term trading is totally not holding because most holding are done through personal wallet not on the exchange sites.

gundala

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Everyone's experience is different. There are those who benefit from hold, there are those who benefit from day trading. It all depends on the circumstances and passion of each if you are only affected by what other people can then you will be hard to be grateful and difficult to determine the way that best suits your abilities. So from now on try to understand your abilities, learn the ecosystem and cryptocurrency risks to the maximum, find the right timing to buy, sell or hold.
If I prefer day trading, of course with certain conditions and waiting for the right moment. I only hold tokens or coins from reward bounties. And even then just to wait for the right timing to sell.

Topic: Day Trading or Long-term Hodl? - page 18. (Read 5328 times)