Topic: Day Trading or Long-term Hodl? - page 26. (Read 5328 times)
This topic has been raised many times in this forum. Everyone chooses his own solution to the problem. I have seen many times when the coin rises in price in the short term, and then falls to the bottom for many years. Therefore, for myself, I think the best way to earn on the crypto market is short-term and day trading.
If you just want to get quick profits with your current mode, you better do day trading. I myself prefer day trading with small profits but often, my principle is HIT and RUN for now, because of the very bad market conditions. But if you want to trade Long term, choose a coin that is good for Long like DOGE, but you have to be right when you buy, wait for the lowest price, read information so you know the current market conditions and the last to use Technical Analysis
SNTR is now very cheap, you really lost your money, but still quite active in the hobit exchange. Anyway you bought SNTR in the last year so it was bear market then it was not good to hold. Well if you buy ethereum or binance coin this time and hold for long term, I'm sure you can make profit.
Hahaa I would have made far much loss if i had bought either ETH or BTC last year and hold cos it fell so bad. ETH fell from over $1k to around $83 this year before it rose again. The volatility is crazy.
Every individual has an investment strategy that resonates with them. Some prefer day-trading, others prefer to hodl. One cannot say one is better than the other. Even the case you mentioned is proof. Whether or not you intend hodling long term or not you should have a basic understanding of fundamental analysis and technical analysis. It will help you a lot. You can follow professional traders on Youtube while to learn basic TA.
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.
I prefer daily trading. Because one thing I always know if that, if you play your trades well, you can make x10 higher than someone holding. If you can be patient enough then holding is for you.
For me i prefer long term holding over than day tading because i am a busy person now, i have a lot of works to do that's why i can't focus on day trade and i also belive that holding a promising crypto like bitcoin and ethereum will be very worth it to wait. Because both of this crypto have a bright future.
Doing day trading will need more skills because we need to choose the right coin to trade
Daily traders not only have skills, but must have plenty of time to do that. Daily traders can not only do the activity 3-4 hours. If you don't have a lot of time it's better to trade for the long term.
Doing day trading will need more skills because we need to choose the right coin to trade, and not all traders can do that even if they have good skills. The market can change anytime, and that will be difficult for us to select the coin. We could choose the right coin with making analysis and have experienced so we can know the pattern of every potential coin. If you think that you cannot select the right coin, then you can do long-term hold, and as long as you can choose the coin, especially if you only choose bitcoin, then you will make a profit in the long term.
SNTR is now very cheap, you really lost your money, but still quite active in the hobit exchange. Anyway you bought SNTR in the last year so it was bear market then it was not good to hold. Well if you buy ethereum or binance coin this time and hold for long term, I'm sure you can make profit.
Hahaa I would have made far much loss if i had bought either ETH or BTC last year and hold cos it fell so bad. ETH fell from over $1k to around $83 this year before it rose again. The volatility is crazy.
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
Remove that mentality that it could be you who will be the next millionaire by just investing spare amount of your money. It won't happen again, I'm sorry about that but if you can invest then sure invest to bitcoin or any known coins. I don't know about that coin you've invested and I think it's gonna be hard for you to recover if you will put your hope in it. Long term is good if you have the best coin such as bitcoin and I've been looking forward to that day that I can have one good story to tell.
I have ignored the mentality. Bitcoin is cool but to me, i see it that it is meant for thee whales as they control it. I buy more DX, AWC, and BNB cos they seem doing quite well. I believe you will have good story to tell if you also believe you will and work towards it.
We always tell that the market is manipulated do we have an evidence regarding that? and if it's happening to bitcoin then expect that it's also somewhere around with other investment instruments.
First of all, you have to learn about fundamental analysis and technical analysis. Because those things are helping to buy and sell coins correct time. The next thing is to don't expect millions from small amounts. If you have some profit with a coin, you can sell it and buy another coin. Another thing is to do your own research about coins before you make an investment.
if you want to save coins for the long term then the main thing is to buy bitcoin, and don't buy a familiar alt, haven't you tried it and your investment dropped by 98% in value.
so I suggest you buy btc and altxokn top ranks, it might develop a long time but it will provide security for your investment.
and if you want to get short profits try some IEO from binance
so I suggest you buy btc and altxokn top ranks, it might develop a long time but it will provide security for your investment.
and if you want to get short profits try some IEO from binance
as uses with reference of option on trader to occupy tools and more with available application on offers from service provider the return might gives with least on risks to match of minimum limit of results as number on expectation.
Remove that mentality that it could be you who will be the next millionaire by just investing spare amount of your money. It won't happen again, I'm sorry about that but if you can invest then sure invest to bitcoin or any known coins. I don't know about that coin you've invested and I think it's gonna be hard for you to recover if you will put your hope in it. Long term is good if you have the best coin such as bitcoin and I've been looking forward to that day that I can have one good story to tell.
I have ignored the mentality. Bitcoin is cool but to me, i see it that it is meant for thee whales as they control it. I buy more DX, AWC, and BNB cos they seem doing quite well. I believe you will have good story to tell if you also believe you will and work towards it.
We always tell that the market is manipulated do we have an evidence regarding that? and if it's happening to bitcoin then expect that it's also somewhere around with other investment instruments.
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.
In short, daily trading is only for small profits while long-term investments are for large profits. But between the two long-term investments have a greater risk for example in your case.
true that you submit, all investments have advantages and risks and before starting of course every risk must be known by understanding and understanding because by knowing the risks obtained later we as investors will have confidence and patience in investing and must be clever in utilizing every opportunity that will we get in investing 
The easiest way to buy coins for the long term hodl. In this case, less knowledge is required than in day trading. However, the income will need to wait for a long time and it is not guaranteed. Day trading involves a good level of knowledge of the market, knowledge in fundamental analysis. The risks are even higher, but if a person is really a professional, he will be able to make money on it.
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