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Topic: Day Trading or Long-term Hodl? - page 2. (Read 5315 times)

full member
Activity: 983
Merit: 100
August 01, 2020, 10:11:55 AM
Day trading has always been a perfect way to make money with Cryptocurrency even more than you imagined but the truth about it is that its easier said than done, it requires regular monitoring and most of the time been online and I can tell you that not most people have that patient hence they go in for long hodl
Yes, but for a person who can manage his time to trade on a daily basis, he will also get the maximum profit, although basically it needs monitoring in trading, but does not have to monitor up to 24 hours a day, because it will also tire you out as traders in crypto.
hero member
Activity: 1232
Merit: 503
August 01, 2020, 09:37:05 AM
personally i am prefer to long term hold if see current condition on bitcoin and other cryptocurrency price. bitcoin and altcoin now looks good for long term investment, price growth very nice today and in future it could multiple again to maximum level. for day trades its still too risk now and better for long investment if we look how bitcoin price rise from march when its dumped due corona fear till current price.
To me holding long term is riskier than day trading, unless its bitcoin, with day trading you can get still grab your profit and get out if the coin is going downhill, with long term you might end up with negative in the end, yeah you might get moon profits but the chances of that happening is low.
hero member
Activity: 812
Merit: 503
August 01, 2020, 09:36:37 AM
Right now I'm doing day trading. I realize the risk of day trading is quite high, but I think the profit I get from there is better than if I have to do long-term hodl and I always fail to do long-term hodl because usually I'm not patient enough to hold a portfolio on crypto exchange.

Nice one, the aim of trading is to make profit and the best practice is sticking to what works best for you and not follow the masses. I do scalping/day trading but occasionally especially when there is FA on a coin. Mid term trading works best for me, and I stick to it. Anyone saying day trading is bad or long term investment is bad knows nothing, it actually depends on what works best for you and your level of patience.
hero member
Activity: 2058
Merit: 710
August 01, 2020, 08:44:47 AM
Right now I'm doing day trading. I realize the risk of day trading is quite high, but I think the profit I get from there is better than if I have to do long-term hodl and I always fail to do long-term hodl because usually I'm not patient enough to hold a portfolio on crypto exchange.
full member
Activity: 1002
Merit: 112
July 24, 2020, 10:41:05 AM
Well it depends on my mood lol Kidding aside, i do day trading sometimes and i also buy tokens or coins for a long term hold.
I do day trading to increase my assets and use it to buy some long term coins.
full member
Activity: 431
Merit: 100
July 24, 2020, 09:57:27 AM
I do both. It depends on the project I invest in. There are projects that are more rewarding when held long term and there are projects also that better shorted right away. One just need to research on what is the term potential of the project and the team running it.
You did the right thing. long-term investment for potential assets in the future. and conduct daily trades to increase the value of assets. I did it too, but there aren't many good altcoins for daily trading. after all exchange, support is also important for daily trading.
full member
Activity: 1330
Merit: 100
C O M B O
July 24, 2020, 09:54:51 AM
some assets are better for the long term. like I currently have BNB and ETH for the long term. and some new altcoins like CTSI and LINK for my daily trading.
Ethereum and Binance indeed have proven to be very good projects,
for CTSI if the long-term risk is too great because the Cartesi project is just born, I think it's a good decision
full member
Activity: 854
Merit: 101
July 24, 2020, 09:54:28 AM
I do both. It depends on the project I invest in. There are projects that are more rewarding when held long term and there are projects also that better shorted right away. One just need to research on what is the term potential of the project and the team running it.
full member
Activity: 778
Merit: 100
SmartFi - EARN, LEND & TRADE
July 24, 2020, 09:29:53 AM
some assets are better for the long term. like I currently have BNB and ETH for the long term. and some new altcoins like CTSI and LINK for my daily trading.
hero member
Activity: 881
Merit: 500
CyberTrade
July 24, 2020, 09:25:47 AM
In my opinion, both are potential. But for the recent situation of market i will suggest fot Day trading. It's quite safe. But you can hodl gems for long term.
Gems are hard to find in this huge market. A few years back when waves was launched a lot of people were saying that it will be the new Ethereum and also the same about Lisk as well and now only a few people are interested in these projects and most of the investors have either sold off their coins or have taken a huge loss by investing and holding them. I would say even though trading is having higher risks involved with it but the rewards are even higher in trading, even more than long term holding.
sr. member
Activity: 1078
Merit: 250
http://unidapp.app
July 24, 2020, 08:36:55 AM
Safe investment is long term hold, this is also provide many profits and it's so easy just buy and hold. Day trading is so hard especially for people who are busy and don't have knowledge about trading, because we must to monitor the price, do an analysis before deciding which coin should to buy and sell and also potentially cause loss, so for me i will choose long term hold
Investing in any investment should always be very patient and take time to analyze that coin because the market is always risky when you invest. I prefer long-term investments because I don't have to spend too much time focusing on one coin and have time to do more. However, only invest in the top 100 CMC coins because the coins are safe for you and will increase when the altcoin season comes back.
full member
Activity: 1119
Merit: 206
Next Generation Web3 Casino
July 24, 2020, 08:25:05 AM
Safe investment is long term hold, this is also provide many profits and it's so easy just buy and hold. Day trading is so hard especially for people who are busy and don't have knowledge about trading, because we must to monitor the price, do an analysis before deciding which coin should to buy and sell and also potentially cause loss, so for me i will choose long term hold
member
Activity: 588
Merit: 10
July 24, 2020, 08:09:26 AM
I would prefer long term hodl instead of day trading because neither am an expert nor I have that much experience. So it is always a better decision to hodl for those who don't ready to take that risk every single day. Therefore invest one time and wait for the long term and it would have minimal risk.
full member
Activity: 770
Merit: 100
Oikos.cash | Decentralized Finance on Tron
July 23, 2020, 01:49:38 PM
We have different strategy to earn money in crypto. If you want to do day trading then you should find a coin that has high volume like bitcoin and if you want to hold for long term then find a coin that has still developing the project because high chances of increasing the price in the future. You can also do both if you want to.
day trading with Bitcoin? I think this is a very strange choice. Bitcoin can be in a flat for a month. how will you trade intraday? if you are talking about day trading then choose altcoins
member
Activity: 630
Merit: 10
July 23, 2020, 01:41:21 PM
I think if you have more experience in market analysis you can do day trading. You need to have enough time and knowledge to monitor price charts in day trading and know the technical and basic analysis to manage the trade smoothly. Since I do not have enough time and knowledge on this subject, I have chosen a long-term hold to trade personally.
How long will it take you to trade long term? I think if holding too long is high risk, are you really sure ?,
and for daily trading I suggest playing futures trading, because profits can be up to 100x a day
member
Activity: 1358
Merit: 10
www.cd3d.app
July 23, 2020, 01:01:56 PM
I think if you have more experience in market analysis you can do day trading. You need to have enough time and knowledge to monitor price charts in day trading and know the technical and basic analysis to manage the trade smoothly. Since I do not have enough time and knowledge on this subject, I have chosen a long-term hold to trade personally.
member
Activity: 518
Merit: 23
★Bitvest.io★ Play Plinko or Invest!
July 23, 2020, 12:14:34 PM
That actually depends on which platform you are HODLing the tokens for. Day trading is for people who are hard working to gain profit everyday even though those are small trades. Its worth it in the long run since you get more profit by the day and you are watching the trend which is helpful. Long term HODLing does not always work and it is also quite risky BUT there is always a chance on when different Alternate Cryptocurrencies blow up and you can get a better profit in that way.
member
Activity: 213
Merit: 11
July 23, 2020, 11:59:48 AM
Technically, you can get rich more quickly by trading short-term due to compounding. However, you're almost guaranteed to be unable to scale up to a billion dollar account by trading short term due to liquidity constraints.The best way to answer this question is to ask you about your disposition to risk, preparation, and execution. I am doing both of them.
sr. member
Activity: 2436
Merit: 272
Hire Bitcointalk Camp. Manager @ r7promotions.com
July 23, 2020, 11:58:59 AM
Depends on the coin to coin. If coins have good fundamentals then I will keep holding it for the long term. I also trade intraday because it helps me to increase my USDT balance so that I can buy more tokens or coins from those long-term projects later.
Day trading with stable coin pair will make the analysis process more simple, all we need to do is to analyze the one profitable coins and trade them with stable coin but not every high volatile coin could be profitable we also need to check the trading volume and marketcap while doing trading with random coins.
full member
Activity: 1050
Merit: 100
Vave.com
July 23, 2020, 11:14:43 AM
Trading for every day and yes but by analogy it will never be a big profit because I'm not fully prepared right now. If you want to invest for a long time, you can connect with top coins. I follow a number of coins to mimic my trading style as they help reduce losses. One of the similarities between trading and investing is patience and knowledge.
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