I think this really depends on the type of person and your circunstances, available time, pacience, etc
I am also not that type and funny thing is that a friend of mine also openend my eyes about how you can mutiply the number of coins you hold doing some day trading...
but I tend to always go against the flow and just accepted that I am a natural holder... not a trader...
you always need a bit of both, but one is stronger in each person
Topic: Day Trading or Long-term Hodl? - page 30. (Read 5315 times)
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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.
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.
Maybe, this is just not the right time to make huge profit in crypto. There is a problem in the market situation in particular with extreme market value volatility of the cryptos. Holding might prolong the process but it won't change the fact that there's no assurance of earning profit since no one knows when will exactly the market be able to recover from the continuous changes. Being patient at times like this, is our only option. 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.
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 $2.
Recently, I watched several videos of how to analyse a coin or token to invest in, gained some good knowledge of the basics. I discovered day-trading tokens like DX token and Atomic wallet (AWC) could have actually make me what I hope to be If i had the right information. But its never too late. Yet, I am drowned in mentality that hodling for long can only be the fortune I hope for. Reason I need help.
Of course, do not let that be a worry for you, crypto is not in a good season so its normal if 100$ worth of token turn 2$, SNTR is not the only project that suffers huge loss but we can't categorized it as loss until you sell the 100$ worth of tokens for that 2$, there is profit in holding so do not be bother, you can find other means like trading 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 don't want to take the bait and get into the tokens you are shilling. I will just proceed to answer your question. Actually, this question has been asked countless of times already both inside and outside this forum. There will be more than just yes and no in the answer. I do day trade but very seldom, only when a very reliable signal is available. When none, my tokens are inside my wallets sleeping for the long term. But everything will still depend on your skills. You have to consider that as well.
I prefer hold long term. Of course what we save is BTC or top 5 -10 CMC. Do not be too long to save coins that are under the top 10, only losses will come. If for day trading, first consider the social media. Are they active in development or just question and answer. Or playing the HYPE coin, of course you have to play at the beginning. Do not play when the price has peaked.
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.
Holding doesn't work too well these days. You should probably focus on holding few top cryptocurrencies especially Bitcoin.
SNTR is SilentNotary, right? I guess it's currently abondoned as it's worth almost nothing on coinmarketcap. https://coinmarketcap.com/currencies/silent-notary/
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.
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.
Currently the price of SNTR is $ 0.000001, the value is very cheap, why does the OP keep SNTR coins for so long when this coin has no potential, only 2 exchanges have SNTR volume.
I agree with you that it's better to trade daily with BTC / USD or BTC / ETH with great opportunities and you can play with your strategy.
This is my personal experience, so I originally aimed to trade with an initial capital of $ 100, I observe every day on the market, there is no significant movement. only +0.1 or less and more than that. In the end I didn't withdraw, and instead I kept hodl, so it would be a long-term investment. therefore the situation also determines for trading or long term.
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
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.
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.
I have seen so many threads talking about this DX token with a different format, are you legitimately asking for an opinion or is this form of advertisement?
look at these:
https://bitcointalksearch.org/topic/what-is-the-likely-entry-point-for-dx-token-at-this-time-5185591
https://bitcointalksearch.org/topic/alts-are-better-off-with-real-world-uses-here-are-some-you-might-never-know-5184283
https://bitcointalksearch.org/topic/dropbox-modern-cloud-storage-or-dxbox-blockchain-based-cloud-storage-solution-5189356
just do everything you want to do and always bear in mind everything is possible in cryptocurrency.
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.look at these:
https://bitcointalksearch.org/topic/what-is-the-likely-entry-point-for-dx-token-at-this-time-5185591
https://bitcointalksearch.org/topic/alts-are-better-off-with-real-world-uses-here-are-some-you-might-never-know-5184283
https://bitcointalksearch.org/topic/dropbox-modern-cloud-storage-or-dxbox-blockchain-based-cloud-storage-solution-5189356
just do everything you want to do and always bear in mind everything is possible in cryptocurrency.
https://bitcointalk.org/index.php?action=profile;threads;u=2161267;sa=showPosts
Trading is an attempt to get profit, whether you will do it in the long or short term. That is up to you, but there are things that must be considered for holding a coin for a long time. Check history and make sure the trading volume is high. That might be useful.
I have seen so many threads talking about this DX token with a different format, are you legitimately asking for an opinion or is this form of advertisement?
look at these:
https://bitcointalksearch.org/topic/what-is-the-likely-entry-point-for-dx-token-at-this-time-5185591
https://bitcointalksearch.org/topic/alts-are-better-off-with-real-world-uses-here-are-some-you-might-never-know-5184283
https://bitcointalksearch.org/topic/dropbox-modern-cloud-storage-or-dxbox-blockchain-based-cloud-storage-solution-5189356
just do everything you want to do and always bear in mind everything is possible in cryptocurrency.
look at these:
https://bitcointalksearch.org/topic/what-is-the-likely-entry-point-for-dx-token-at-this-time-5185591
https://bitcointalksearch.org/topic/alts-are-better-off-with-real-world-uses-here-are-some-you-might-never-know-5184283
https://bitcointalksearch.org/topic/dropbox-modern-cloud-storage-or-dxbox-blockchain-based-cloud-storage-solution-5189356
just do everything you want to do and always bear in mind everything is possible in cryptocurrency.
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.
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.
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