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Topic: Day Trading or Long-term Hodl? - page 3. (Read 5328 times)

member
Activity: 882
Merit: 13
July 23, 2020, 09:57:30 AM
If I were an expert trading then I would rather choose Day Trading because I get to analyze and read the movements of the charts seconds by seconds then just place my entries and pull it out whenever I like but cons is that I have to be attentive in every market flows of a certain coin I invested in. What makes long term holding worry is that there is no certainty that coin would be as profitble as you expect that it think it would be, cause there are some cases that an specific coin remains stagnant after a long time.
sr. member
Activity: 812
Merit: 250
The Fourth Generation of Blockchain in DeFi
July 23, 2020, 03:34:25 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.
sr. member
Activity: 1002
Merit: 250
July 22, 2020, 10:22:56 PM
For me, right now I prefer daily trading than long-term holding. Previously, I chose to hold long-term and my fund fell 10 times Cry this is a worst period . Daily trading help us earn profit easily, safely, quickly, we only need to have a little TA skill.
legendary
Activity: 2758
Merit: 1004
Buzz App - Spin wheel, farm rewards
July 22, 2020, 09:54:23 PM
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.
Well, it depends on the situation. both can be better depending on the time and what tokens you hold. some tokens are very worth trading in the short term. however, most popular coins are very good to hold for a long period of time.
full member
Activity: 1078
Merit: 104
GoMeat - Digitalizing Meat Stores - ICO
July 22, 2020, 06:13:12 PM
I will start by saying everyone knows his capabilities in each field in the crypto space as well as in the world. So about day trading, it requires someone having the right knowledge about it else he will only end up making mistakes and we all know that mistakes in trading always leads to losses. On the other hand, someone who don't have the pre-requisites idea and understanding about day trading is meant to stick to holding until he is already. Lastly, there are still people who do both. My suggestion is, are you good in day trading, if yes then go ahead and do it together with holding; but however, for holding, let it be trustworthy coins.
jr. member
Activity: 119
Merit: 2
July 22, 2020, 05:47:55 PM
  I do tell people to stick with what works well for them . to some long holding is their thing and to others day trading .  i have actually tried this two at different time.  If you have the time and knowledge to day trade you will make profits . And sometime if you can hold for long you may also make profits .Crypto market is really unpredictable  follow what works for you.
full member
Activity: 737
Merit: 104
July 22, 2020, 02:44:53 PM
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.
hero member
Activity: 812
Merit: 503
July 22, 2020, 01:52:20 PM
If you have enough time and good amount of money then you can think about day trading.Btw you should have proper knowledge about the project you are choosing to trade and ability to read about the chart then I think day trading will be perfect for you.

On the other hand you have a little amount of money then you can only get a little amount of money from day trading.Thats why you can think about to hold a good projects coin for long term.Its price can boom and it can give you the money you desired from this project.

Btw long term hold can be little risky if you hold a unknown or bad reputed coin.For long term hold you should choose Top 50 crypto according to CMC.Then you don't have to bear any losses.But you never know what will happen in Crypto.Good luck to you and  if you are good enough for day trading then you should give a try.

I think it's high time people stopped thinking it's only cool to hold top 50 coins on CMC for long term. Personally I've made more profit with mid/low cap coins with very solid project and team. Holding top 50 is just to reduce risk. Also for day trading, if you are very good with TA, you can make use of low time frame charts to scalp some trades with little profit. Also, if you get a good FA in time, you can make quick daily gains too.
full member
Activity: 882
Merit: 102
PayAccept - Worldwide payments accepted in seconds
July 22, 2020, 01:40:45 PM
I would recommend to everyone, please hold your cryptocurrencies, do not try to trade them! I know that you see some traders that are earning a lot of percents a day, but they won´t you tell about the bad days and how much they can lose in one day!  Wink
member
Activity: 118
Merit: 11
July 22, 2020, 01:33:03 PM
I don't want to believe you are advertising the coin you mentioned. I feel it depends on what you are comfortable with, some are ok with day trading while some are fine with long term hold. Whichever choice you make, just make sure you are very careful about it.
sr. member
Activity: 1274
Merit: 260
1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL
July 22, 2020, 12:12:16 PM
Take a look at this, you must think that the OP is doing a promotion. Quite a lot of discussion about DX on the thread made.
https://bitcointalk.org/index.php?action=profile;threads;u=2161267;sa=showPosts


Seems this is a trending style of those who want to allegedly shill their coins  but it doesn't matter now because most members of the community are well aware of that! Might as well make a thread to compare his favorite coin (for shilling) and a close competitor and let the community engage in a discussion of both project's merits and features and see which is best among them.

Anyways, I think its best to day trade if you have enough time and want short term gains otherwise you could hold provided that the token/coin your hodling is very promising that it has a high probability of gaining huge ROI's in mid to long term period.
I know right! the days where people bought into coin just because it was announced by so called Crypto analysts are over. These days everybody is well enlightened to do their own research about any cryptocurrency they want hence these schemes actually don't work.
member
Activity: 385
Merit: 12
July 22, 2020, 10:53:10 AM
If you have enough time and good amount of money then you can think about day trading.Btw you should have proper knowledge about the project you are choosing to trade and ability to read about the chart then I think day trading will be perfect for you.

On the other hand you have a little amount of money then you can only get a little amount of money from day trading.Thats why you can think about to hold a good projects coin for long term.Its price can boom and it can give you the money you desired from this project.

Btw long term hold can be little risky if you hold a unknown or bad reputed coin.For long term hold you should choose Top 50 crypto according to CMC.Then you don't have to bear any losses.But you never know what will happen in Crypto.Good luck to you and  if you are good enough for day trading then you should give a try.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
July 21, 2020, 11:56:09 PM
It’s defend, if you understand trade then i think do trade but you want big profit on crypto so think hold long term Altcoin also it’s defend on investment.... Use Trusted coin like ETH, LTC it’s no risk to hold...    
Long term trading has its risks, don't assume that you save your money on LTC or ETH will always be profitable,
it's better to short term and read the analysis
The price movements that happened on the LTC and ETH depend on the bitcoin. It can't be assumed when there's someone invested into these coins meant he has already got guaranteed to get a profit.
I do agree if the short term trade is the best thing this time.
sr. member
Activity: 1792
Merit: 264
July 21, 2020, 10:34:39 PM
I myself prefer daily trading, because the risk is smaller than the long term, we do not know the future of the coin, it would be wise to choose the daily or short term trade

You are mistaken, you did not mention what type of coins you apply for day trading, if you trade bitcoin then you probably will not get a big profit at this time, even you might lose a little money that you have done in day trading
member
Activity: 399
Merit: 16
July 21, 2020, 06:21:46 PM
I think it depends upon your decisions. You can day trade and earn, also you can keep a potential coin and hodl it for future use. Both methods has made several investors and traders earn so much. However, long term trading is risky and you have to be very patient. Because the duration might be too long for you to earn.
Funny enough, crypto market is really risky for long term investments and more safe for day trading.
On the other hand stock market is the complete opposite
sr. member
Activity: 1428
Merit: 251
July 21, 2020, 05:56:18 PM
It’s defend, if you understand trade then i think do trade but you want big profit on crypto so think hold long term Altcoin also it’s defend on investment.... Use Trusted coin like ETH, LTC it’s no risk to hold...    
Long term trading has its risks, don't assume that you save your money on LTC or ETH will always be profitable,
it's better to short term and read the analysis
l think it absolutely depends on cryptocurrencies, l mean some altcoins are good for long term investments like top altcoins, but others can be a good choice for daily trading. No doubt long term investing is riskier than the short term, you must make a good research about the coin, which you will invest in in the long term. as l said top altcoins like ETH is the best choice for long term investing.

Agree, some altcoins are worthy of a long-term investment and in my opinion many altcoins are only suitable for short-term investments. Altcoin price movements are sometimes very volatile and I don't think we need to hold it for the long term unless the coins or tokens already have a large transaction volume and also a large market cap value
hero member
Activity: 1470
Merit: 521
No more Rekt and Bust
July 21, 2020, 05:29:41 PM
It’s defend, if you understand trade then i think do trade but you want big profit on crypto so think hold long term Altcoin also it’s defend on investment.... Use Trusted coin like ETH, LTC it’s no risk to hold...    
Long term trading has its risks, don't assume that you save your money on LTC or ETH will always be profitable,
it's better to short term and read the analysis
l think it absolutely depends on cryptocurrencies, l mean some altcoins are good for long term investments like top altcoins, but others can be a good choice for daily trading. No doubt long term investing is riskier than the short term, you must make a good research about the coin, which you will invest in in the long term. as l said top altcoins like ETH is the best choice for long term investing.
hero member
Activity: 2128
Merit: 520
July 21, 2020, 02:03:28 PM
Yeah I agree with you for daily trading BTC/USDT or BTC/eth really works. You can either buy long or short it means you don't depend on the scenario of making the coin going high since you can bet into low direction. It only depends on how your charting and marking analysis run.
I'm against daily trading, either putting you all day in trade. Even stopping limit loss can't help you with daily trading in this cryptocurrency situation.

If you are not good anticipating the market movement day trade won't be your friend, as volatilities will hurt you from time to time.

When the market is getting higher and higher, your daily trade can't save money. Yesterday the BTC price was 9.1k, but today you have to buy Bitcoin for 9.4 USD. Hope you understand my calculation.

The very reason you need to learn about calculations and anticipations, once you understand everything, it won't be hard to
expect what will be your next position and how long will it takes to execute.

Make investments weekly if price dumps don't make any investment or can make low investments.

Everything that into your knowledge will let you to position yourself, if you see that dumped is coming you can place your
order to a much lower price, wait till it's fills up then wait for another cycle before selling it back.

copper member
Activity: 110
Merit: 2
Total Exchange (TEX) and Luxury Ledger (LXRY)
July 21, 2020, 01:46:40 PM
First of all sorry for your loss.

Secondly the whole point is depend on your patience and how hard you want money in your life, If you have a good capital and can invest into coins for long term (higher profit/Higher loss) then you should go for it but i Believe instead of investing in coins you go for gold? maybe. If you capital is low and you cannot afford to put your money locked in for a month then day trading is the best as you can loss less from it and can have track for every moment.

TEX-LXRY
full member
Activity: 1190
Merit: 117
July 21, 2020, 01:44:40 PM
I would rather recommend day trading than long-term trading, because day trading makes profits faster. Although the risk must be borne
much bigger than holding coins for long-term. We in life must dare to take risks, in order to become successful people. Do not let us play
too safe and there is no progress in life.
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