Topic: Day Trading or Long-term Hodl? - page 23. (Read 5315 times)
You can still make huge gain from any of this strategy, and you could also lose, its depends on you and how lucky you are, but for me I prefer long term trading, because hodl could be dangerous a times.
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.
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.
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.
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.
Recently, I watched several videos of how to analyse a coin or token to invest in, gained some good knowledge of the basics.
and you think that's enough to be successful? i would recommend you to let the trading stay.
if then at most with small amounts and as a hobby but not with the prospect of big profits.
hmmm seems like you're right. I'm having double mind about that actually.
If you are not good in trading, you better stick to holding than switching to trade. Trade is of great skills than just holding your starsh up. Although, holding on a long term is profitable than trade without the necessary skills. Also, buy and sell is far different from the daily trade which is the most profitable of all. Trading is the best option to maximize profits than holding on a long-term.
Specifically in the bear market while you are talking about the crypto trading you should trade only for day trading. If you are trade on altcoins which are newly lunched or fluctuate then trade very short period and after making a slight profit exit immediate. This because if the price is go beyond your expectations then it is not sure that the price will come again and even the whole project behind the coins go vanished. If you are trade on the giant Bitcoin, Ripple, Ethereum or any other within the top10 then if the price go adverse then you can hold this for the long time patiently.
you are right friend.
Every crypto traders wannabe must focus on good crypto market signal, i believe that the perfect time for trading is when the sign of bullish thread is out so for you to know this you need to learn how to read crypto charts very well, learn trading first and trade once in a while, long term hold all the way for me
I also choose long-term investments now, but I allocated 5 percent of my deposit in order to learn how to trade. when I will understand that I can trade - I will increase my deposit on day trading.Every crypto traders wannabe must focus on good crypto market signal, i believe that the perfect time for trading is when the sign of bullish thread is out so for you to know this you need to learn how to read crypto charts very well, learn trading first and trade once in a while, long term hold all the way for me
I also choose long-term investments now, but I allocated 5 percent of my deposit in order to learn how to trade. when I will understand that I can trade - I will increase my deposit on day trading.
It all depends on how you are capable of. if you have skills in daily trading, then use it. but also pay attention to the assets that you use for daily trading. because not all assets can be used and suitable for daily trading. some will be more appropriate and profitable in the long run.
At this time, I am not making a long-term investment in all my assets. I trade daily and short term for several new tokens that are registered in large exchanges.
I prefer to do day trading than long term holding because in day trading I can earn money in a very short period of time and it gives me a lot of excitement and yes you're right that in day trading you must have a excellent skills on this because if you don't have skills on trading you probably going to failed on what trading are you doing. If you don't really know how to trade or you don't have any idea about this you can better do long term holding so that your coins or tokens will just sleep in your wallets and waiting for them to have a higher amount. At this time, I am not making a long-term investment in all my assets. I trade daily and short term for several new tokens that are registered in large exchanges.
daily trading is not easy, there are many daily traders that I follow on their channels, they are no longer active because the predictions they made are mostly wrong. I am very sad to hear your experience, I suggest you should just invest in litcoin, bitcoin and xrp coins that have been proven for years to be very profitable if invested.
That is the other side of day trading. I always say, Day trading is for the experts who understand and know how to draw good analysis on the market trend and make conclusions on which coins to trade with at a particular period of time. Normally, most of these Day traders follow Signal groups which intends to create a hype for a particular coin. Every crypto traders wannabe must focus on good crypto market signal, i believe that the perfect time for trading is when the sign of bullish thread is out so for you to know this you need to learn how to read crypto charts very well, learn trading first and trade once in a while, long term hold all the way for me
I also choose long-term investments now, but I allocated 5 percent of my deposit in order to learn how to trade. when I will understand that I can trade - I will increase my deposit on day trading.
This isn't a clear cut 'either or' question, because everything depends on what you're buying and when you got in. Picking some shit coin like SNTR (no idea what it even is) was a bad choice, but there are a lot of traders that make the same mistake in the stock market, trading penny stocks and hoping they're going to be the next Apple.
Currently both the bitcoin and altcoin markets are really depressed, but that does not mean they're dead by any means. Things can and, I think, will get better and prices will recover. I've seen that happen a number of times over the past few years. Gloom is followed by a renewed optimism, but the hardest time to buy something is when you don't think it's worth much.
The trick is to pick solid coins that have the best prospect of making it long term. Those are the ones to hold. Crap coins like SNTR are the ones you'd want to day trade if you feel like taking the chance. Personally I wouldn't even bother, but you get my point.
Currently both the bitcoin and altcoin markets are really depressed, but that does not mean they're dead by any means. Things can and, I think, will get better and prices will recover. I've seen that happen a number of times over the past few years. Gloom is followed by a renewed optimism, but the hardest time to buy something is when you don't think it's worth much.
The trick is to pick solid coins that have the best prospect of making it long term. Those are the ones to hold. Crap coins like SNTR are the ones you'd want to day trade if you feel like taking the chance. Personally I wouldn't even bother, but you get my point.
Imagine the rest of huge investors who are bought at a big chunk of their money. You only invested $100 but now its only worth $2. How about we add another three zeroes.Then imagine the loss right. I think day trading is worth doing you just need to learn the basics and also it is quite interesting right. That's why dont gamble too much on altcoins since some of them can really go down hard.
Day trading is better than long term hodl, according to my experience, crypto is a very volatile investment, rising and falling prices can reach tens or even hundreds of percent per day, of course this is a good opportunity to get a big profit.
It's really difficult to say, I think it's a subjective matter that entails personal preferences and bias as to Hodl/Day trade or both. In my opinion, it's good to do a little of both as their is nothing wrong with diversifying your investments. What may work for some will not all ways work for others, because some rather day trade, others want to hold, and few do both.
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Day Trading or Long-term Hodl?
It all goes down to how well you know and understand the entire nature of the crypto market. Your level of understanding will help you choose whether you trade daily without the funds you have or go in for a long term hodl. With knowledge and understanding, you will know what coin to investment at a particular moment in time. This will also help you develop strategic plans to maximize your profit margin within the period of your investment.
Day trading and long term hold both is pretty good way how eran profits.
In the trading need to gives a lot of time and focus to get profits and to avoid loses.
For long term hold need always extend patinece and self control specially if heard price drop.
In the trading need to gives a lot of time and focus to get profits and to avoid loses.
For long term hold need always extend patinece and self control specially if heard price drop.
Coins like SNTR have the tendency to fluctuate its price in the market that is why I think that it will be more use for day trading. If you want to hodl, choose the cryptos with high trading volume and ranks in the market. They have solid ground so it is more likely they will still be here a year or two from now.
Most of the coins except the stable coins are bound to fluctuate. Bitcoin has the best characteristic as a long term hold. You will never have the wrong choice of choosing bitcoin that's why it's considered as the best asset of all time in cryptocurrencies.
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 Atomic wallet (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.
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 Atomic wallet (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.
Coins like SNTR have the tendency to fluctuate its price in the market that is why I think that it will be more use for day trading. If you want to hodl, choose the cryptos with high trading volume and ranks in the market. They have solid ground so it is more likely they will still be here a year or two from now.
well , i just suggest day trading , u know , a little profit day by day a lot better for me.
i don't think hodl is the best idea for now , but well, if u have a lot of btc, just hodl it until may , halving of btc will come on 14 may as i see on news.
i don't think hodl is the best idea for now , but well, if u have a lot of btc, just hodl it until may , halving of btc will come on 14 may as i see on news.
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