Day Trading or Long-term Hodl? - page 19.

Renampun

sr. member

Activity: 2338

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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.

Quote from: MathGame on October 28, 2019, 07:58:42 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.

InwardContour

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Activity: 644

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Quote from: Gozie51 on October 17, 2019, 10:25:16 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.

akmal1984

sr. member

Activity: 1120

Merit: 251

Quote from: bobelr on October 17, 2019, 08:24:45 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.

I had experienced the same thing as you. After a project is finished I have a coin from the project and try to save it for months. With the hope that the price of the coin will reach a price of $ 1. However, the longer the price goes down and until now it is no longer valuable. Maybe for now it's better if you want to hold for the long term, choose coins that have a high daily transaction volume in the market. Don't do it again for the newly issued coins. Because the market has changed unlike 2 years ago.

gurunanakji777

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Activity: 2184

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SOL.BIOKRIPT.COM

My opinion has been changed now earlier I thought long-term holding is the best idea but in the last 1 & half year I learned day trading is a good way to make money on regular basis sometime loss will also there but one will not be repent that its coins lost its value by holding it for long-term so its better to do day trading.

DigeNarrator

member

Activity: 210

Merit: 11

well for me its only long term hodl.
short term trading always looks profitable when you analyze the history of the chart
but as you begin to trade, you'll make loses too
also trading is less tax efficient

Sithara007

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Leading Crypto Sports Betting & Casino Platform

Quote from: MathGame on October 28, 2019, 07:58:42 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.

It depends on the currency as well. Just blindly holding on to some shitcoin for 3-4 years will not bring profits for you. Take the case of almost all the established altcoins. Ever since the ATH was achieved almost two years back, most of these coins have gone down by as much as 80% against Bitcoin (and up to 98% against USD). Long-term holding is recommended only for Bitcoin and the most trustworthy altcoins. And you need to review the situation every few months, and change your strategy in case you think that the outlook for a particular cryptocurrency looks weak.

MathGame

member

Activity: 168

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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.

odukoyaewatomi27

member

Activity: 536

Merit: 15

Explicitly in the bear market while you are discussing the crypto exchanging you should exchange just for day exchanging. On the off chance that you are exchange on altcoins which are recently dined or vacillate, at that point exchange brief period and subsequent to making a slight benefit exit prompt. This supposing that the price is go past your desires then it isn't sure that the price will come back again and even the entire project behind the coins go evaporated. In the event that you are exchange on the goliath Bitcoin, Ripple, Eqp or some other inside the top10 at that point in the event that the price go unfriendly, at that point you can hold this for the long time quietly

altcoinEra

newbie

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Quote from: ?? on ??

Quote from: altcoinEra on October 28, 2019, 05:00:19 PM

I bought my GRAMs on bitrexchange com. They have very interesting bunch of payment details, credit cards are welcome. I bought with FIAT as well

Thanks, just bought some there, very good exchange! Thank you for sharing!

Bitrexchnage is very fast, extremely!

altcoinEra

newbie

Activity: 140

Merit: 0

I bought my GRAMs on bitrexchange com. They have very interesting bunch of payment details, credit cards are welcome. I bought with FIAT as well

altcoinEra

newbie

Activity: 140

Merit: 0

Quote from: ?? on ??

Quote from: altcoinEra on October 28, 2019, 04:48:19 PM

I have bought myself, 300 of them recently, as the idea and project itself is very stable. If I were you, I would invest

Hmm, yeah, GRAM is one of the most interesting one. I will think...

Take your time, anyway, Good luck!

bobelr

member

Activity: 285

Merit: 10

Quote from: riso2015 on October 28, 2019, 04:05:15 AM

It depends on the market situation, if in a Bearish situation then I think it is not suitable for daily trading because it is difficult to get profit, But if the Bullish market situation is suitable for daily trading because with volatile prices it will be easy to get profits. Long term investment suitable for the Bearish market situation.

Some even says it is better to trade in bear market. but I think it is better buy and hodl in bear market. It depends on where one entered during the bear market.

altcoinEra

newbie

Activity: 140

Merit: 0

I have bought myself, 300 of them recently, as the idea and project itself is very stable. If I were you, I would invest

altcoinEra

newbie

Activity: 140

Merit: 0

Quote from: ?? on ??

Guys, do you think that buying GRAMs is a good option for long run holding? Thanks!

I think it's very interesting and rather predictable option as telegram is worldwide famous social nw. No scam or so on allowed here

kodtycoon

legendary

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Quote from: dobolspeed3 on October 28, 2019, 07:24:45 AM

Quote from: dcomomal on October 28, 2019, 06:51:57 AM

If you are good in trading, then trade, because it can bring a lot of profit. I cannot trade at all, so I prefer to buy a promising coin and to hold it till the better times. In my opinion it is less risky and more profitable.

The risk is indeed low if you buy for the long term. But in this case, one thing to pay attention to is what coins you want to buy and for you to store for a long time. If the coin has no potential or a newborn coin, it will have a high risk. Unless you buy coins that are good and potential, it is a good thing for long-term investment.

that is what has happened so far when many people only suffer from the wrong buying and or investment, because not all coins have good potential in the future and if that is the case holding it for the long term will only get a loss. so in this case the risk will at least always be there so whatever is done at least you have to know what coins are worth trading and what coins are worth holding for a long time

SummerBliss

sr. member

Activity: 910

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Day trading is not at all easy task and you need to have high level of knowledge and skill in the market and the coin in which you are trading must be profitable otherwise there will be no fun of trading as you have to take instant decision based on your assumptions.So i prefer long term hodling if you lack these skills and wait for right time to cash out your profits when market is in bull run.

dillpicklechips

hero member

Activity: 994

Merit: 507

Day trading for now is very sufficient because bitcoin is now recovering from the last dump or downhill of the bitcoin last year and it is a short investment for having an income in a shorter way. Most of the users do this when bitcoin are or becoming crtical in the price since its very volatile. Supply and demand to in the stock market will need here while doing day trading cause day by day itll change. Even i myself i uses the most is the trading, day trading, after the bitcoin comes up or showing a better price i hold it.

dobolspeed3

full member

Activity: 714

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Quote from: dcomomal on October 28, 2019, 06:51:57 AM

If you are good in trading, then trade, because it can bring a lot of profit. I cannot trade at all, so I prefer to buy a promising coin and to hold it till the better times. In my opinion it is less risky and more profitable.

The risk is indeed low if you buy for the long term. But in this case, one thing to pay attention to is what coins you want to buy and for you to store for a long time. If the coin has no potential or a newborn coin, it will have a high risk. Unless you buy coins that are good and potential, it is a good thing for long-term investment.

dcomomal

copper member

Activity: 238

Merit: 0

If you are good in trading, then trade, because it can bring a lot of profit. I cannot trade at all, so I prefer to buy a promising coin and to hold it till the better times. In my opinion it is less risky and more profitable.

bitzizzix

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SOL.BIOKRIPT.COM

Quote from: gandame on October 28, 2019, 05:30:38 AM

I will choose daily trading for me to profit everyday because i have only small amount of capital thats why i can not hold it for a long term.
Holding is to those have big capital they can hold it anytimr they want.

If your daily trading is always profitable even though it only makes small profits in my opinion That's good, because daily trading must really have expertise in analyzing good and profitable coins because the market is difficult to guess.
and you can also grow your coins from small profits and not to sell them, and all of that to make your capital grow big and then hold it for long-term trading and to make big profits.

Topic: Day Trading or Long-term Hodl? - page 19. (Read 5315 times)