Topic: Day Trading or Long-term Hodl? - page 5. (Read 5315 times)
in crypto trading nobody gets rich overnight, because we need analysis and experience in trading, now daily investment is more profitable than a long-term investment.
It is a totally different game than hodling coins. Day traders often use technical indicators by themselves or apply it with news or fundamental analysis. DYOR before diving into trading on daily basis. No easy task
Day trading only favors me when there is FA on a coin for quick profit. Day trading requires setting tight stop loss which hits more often, that's the main reason why I switched to midterm trading which has been favorable. Once my technical analysis is done, I place my buy and when it picks, I place my sell target and stop loss. For instance, once I spot golden cross on weekly and daily chart, RSI is not overbought, and MACD crosses the signal line from top with other confluences to support the TA like candle stick patterns (say bullish pinbar, or bullish engulfing), I do not hesitate to enter the trade.
If you do not have trading experience then I think you should choose long-term hold. It will be a great investment for newcomers to this market, and if you have been in this market long enough and knowledgeable then trading will be the best option.
for now, the quality of coins is very influential in cryptocurrency investments, my advice you can choose the top coins now because they have good prospects to be used as short-term or long-term investments.
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.
Both day trading and long term hodl are good based on individual purpose and plan. In my own opinion, I do recommend day trading to those that are experienced in crypto trading and those that are have enough money for trading. Because buying small quantity of a particular token/coin is not profitable for day trading. In the other hand, long term hodl is good for those that do not have enough money for trading provided the prospect of the project to be held has been ascertained to be good.
When the market is good, day trading. When the market in bad shape, I have to become a long term holder and wait. Pretty sure a few day traders also sort of becoming long term holders since they make mistakes when brought in too high.
The answer of the question depends on the situation of the market and also on the choice of everyone. l mean it is changing from investor to other investor. As you above mentioned when the event of the market is great, it is recommended to make daily trading. On the other hand when the market is bad like right now, long term investing is right choice. l think long term investing is not for everyone, that is why everyone can not be enough patient. 
When the market is good, day trading. When the market in bad shape, I have to become a long term holder and wait. Pretty sure a few day traders also sort of becoming long term holders since they make mistakes when brought in too high.
The answer of the question depends on the situation of the market and also on the choice of everyone. l mean it is changing from investor to other investor. As you above mentioned when the event of the market is great, it is recommended to make daily trading. On the other hand when the market is bad like right now, long term investing is right choice. l think long term investing is not for everyone, that is why everyone can not be enough patient. 
When the market is good, day trading. When the market in bad shape, I have to become a long term holder and wait. Pretty sure a few day traders also sort of becoming long term holders since they make mistakes when brought in too high.
The answer of the question depends on the situation of the market and also on the choice of everyone. l mean it is changing from investor to other investor. As you above mentioned when the event of the market is great, it is recommended to make daily trading. On the other hand when the market is bad like right now, long term investing is right choice. l think long term investing is not for everyone, that is why everyone can not be enough patient. yes, its better to do both if we have enough money
buy any coin in good price, sell it a half when we get an enough profit, then hodl the rest of our coin if we believe the coin is good for long term hodl my friend
buy any coin in good price, sell it a half when we get an enough profit, then hodl the rest of our coin if we believe the coin is good for long term hodl my friend
Good strategy though. I prefer both actually if you are good at trading then both options are good to make profit. But i will advise choose long term hold option if you are not good at trading. Because crypto trading is much volatility than other trading platform so it's better to know or earn experience about it before you start. And if you about to hold coin then BTC is the best option if you want to hold altcoin then choose from top 10 altcoin like ETH, ADA, XLM or others.
I do both, short-term trading only for a few token/coin that have hype, like some time ago I traded on AG8 coins when it was around $0.015 and only a few days the price immediately reached $0.06 because of new exchange, for the long term I only hold top 10 altcoins
yes, its better to do both if we have enough money
buy any coin in good price, sell it a half when we get an enough profit, then hodl the rest of our coin if we believe the coin is good for long term hodl my friend
It is a totally different game than hodling coins. Day traders often use technical indicators by themselves or apply it with news or fundamental analysis. DYOR before diving into trading on daily basis. No easy task
I do both, short-term trading only for a few token/coin that have hype, like some time ago I traded on AG8 coins when it was around $0.015 and only a few days the price immediately reached $0.06 because of new exchange, for the long term I only hold top 10 altcoins
When the market is good, day trading. When the market in bad shape, I have to become a long term holder and wait. Pretty sure a few day traders also sort of becoming long term holders since they make mistakes when brought in too high.
In my personal experience in cryptocurency trading, I would choose to use the short term method because in my opinion this method can generate profits quickly even though a little but has certainty to be able to get profits. because in my opinion this method can generate profits quickly even though a little but has certainty to be able to get profits. than we use the long-term method because it takes a long time and does not have the certainty of being able to benefit in the future.
In my opinion you should choose trading only if you love this process, if you are talented in it and want to go for it not just for fast profits - you should love this game itself, spend your time with pleasure. Don't treat it like job, otherwise you'd better choose investing.
Regular trading is not like a hobby. It requires to be disciplined and systematic to make a profit. Simple hodling seems to be more easier way to earn money without permanent risk to lose your earnings on trading, especially using high leverages.
In my opinion you should choose trading only if you love this process, if you are talented in it and want to go for it not just for fast profits - you should love this game itself, spend your time with pleasure. Don't treat it like job, otherwise you'd better choose investing.
Regular trading is not like a hobby. It requires to be disciplined and systematic to make a profit. Simple hodling seems to be more easier way to earn money without permanent risk to lose your earnings on trading, especially using high leverages. 
In my opinion you should choose trading only if you love this process, if you are talented in it and want to go for it not just for fast profits - you should love this game itself, spend your time with pleasure. Don't treat it like job, otherwise you'd better choose investing.
What I have also noticed - there are no direct competitors that are coming with similar features. So guys look unique
Sounds bold, this gives higher confidence. Will explore and share
So far indeed sounds interesting, will definitely have a look on my own and get back with own thoughts shortly! Thank you for your recommendation
What I have also noticed - there are no direct competitors that are coming with similar features. So guys look unique
You know, I would probably recommend you to proceed to their website, cause the idea is rather saturated and advanced. In few words, Threefold network is the biggest decentralized grid of self-managing Internet capacity in the world, being built collectively by an inclusive ecosystem and owned by everyone. The mission is to expand the current Internet to all areas of the world and to allow everyone to use this Internet at a fraction of its current price
So far indeed sounds interesting, will definitely have a look on my own and get back with own thoughts shortly! Thank you for your recommendation
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