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Topic: Day Trading or Long-term Hodl? - page 9. (Read 5328 times)

full member
Activity: 994
Merit: 100
January 04, 2020, 03:10:50 PM
it all depends on the coin you choose if it does have very good potential then hold it for the long term but I personally prefer to trade daily. even though it has only small profit but it continues every day, at least I get $ 10 - $ 20 every day Wink
member
Activity: 373
Merit: 11
January 04, 2020, 02:42:50 PM
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.

In my opinion and personal experience, I often trade in the long term because we can determine the selling price in accordance with our wishes and can generate greater profits than we trade in the short term. but we have to be able to predict altcoin precisely because if we choose altcoin wrongly, we can experience huge losses.
hero member
Activity: 658
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
December 30, 2019, 05:36:00 PM
Depends on your trading skills. If you are a good trader, take a shot, but remember that 95 percent of traders are losing money and another 5 percent are earning money on other hamsters. Be aware of this statics and test your luck.
Yeah without skills there's nothing to do in bitcoin trading to be honest because this market is wildness. And even if you're a great trader your stops will get hit constantly with scam wicks and fake liquidations to take as much money from you as possible, the only people who profit in this is mostly whales that have tons of money to move the prices easily, so be careful
sr. member
Activity: 784
Merit: 250
DIA | Data infrastructure for DeFi
December 30, 2019, 05:33:06 PM
Depends on your trading skills. If you are a good trader, take a shot, but remember that 95 percent of traders are losing money and another 5 percent are earning money on other hamsters. Be aware of this statics and test your luck.
hero member
Activity: 2268
Merit: 579
Vave.com - Crypto Casino
December 30, 2019, 05:19:47 PM
Investors who make daily plans should read very good graphics. You also need to follow the market 24 hours for daily transactions. People are usually interested in this sector as an additional job. Daily buy-sell is difficult.
No, investors don't actually do daily plan which you mean by trading but it crypto traders that does daily trading and reading the graph also don't justify traders level of profit and i strongly believe long term hodl is the suitable strategy for this current market trend.
full member
Activity: 518
Merit: 102
December 30, 2019, 04:36:03 PM
Investors who make daily plans should read very good graphics. You also need to follow the market 24 hours for daily transactions. People are usually interested in this sector as an additional job. Daily buy-sell is difficult.
sr. member
Activity: 1236
Merit: 252
December 30, 2019, 02:29:24 PM
When it comes to altcoins I will not prefer day trading because with day trading you can make profits but you can't make consistent profits. To generate consistent income, I prefer long-term holding in promising projects not matter if they are big cap or small-cap.

That’s really nice to see that you really enjoying day trading and it’s profitable for you but according to me day trading is hard to handle as compare to long term trading. It is safe to trade for the long term you will not remain to worry about the price change as it takes the whole day work out to become a good day trader. We should trade for the long term if we are new in trading.'
full member
Activity: 602
Merit: 101
December 30, 2019, 02:51:30 AM
with current market conditions it will be difficult to do daily trading and you have to do very carefully to be able to get profit because prices will change quickly and if you make a wrong decision then you will lose, so for now I prefer to hold for the long term
full member
Activity: 523
Merit: 100
December 29, 2019, 06:58:03 PM
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.
Every amount of money is huge for us as our income. Your SNTR value is 2 USD, 98 USD are gone. For trading I picked a coin which is trading centralize and decentralized exchange for easy to transaction.
full member
Activity: 518
Merit: 102
December 29, 2019, 05:04:56 PM
The price of Bitcoin is making $ 100 movements this week. I think there is no good environment for daily operations. If Bitcoin is stable, the rise of subcoins with robust projects may come. Ethereum can give you a great opportunity.
hero member
Activity: 1680
Merit: 506
Trphy.io
December 29, 2019, 01:59:20 PM
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.
whether you buy blindly, one thing that I can conclude from the loss that you experienced.
1. You invested in the wrong coin the reason the project failed to run.
2. You must analyze each coin that you want to invest for the future.
3. you better invest in coins that have large volumes and high rankings in Coinmarketcap such as ETH, and BCH.
member
Activity: 585
Merit: 33
Rasputin Party Mansion
December 29, 2019, 01:39:46 PM
Good question. With forex, a proven trader can make really good gains in day trading if he is aggressive scalping and is lucky.
With crypto it is much more difficult because the technical analysis methods have practically no applicability and the volatility is very high and often without any apparent motivation.
newbie
Activity: 61
Merit: 0
December 29, 2019, 12:24:59 PM
condolences to you. Your investment is very risky when you buy SNTR worth about $ 100. Be more careful. trust penny analysts more and trust the good advice of the people.
newbie
Activity: 62
Merit: 0
December 29, 2019, 12:20:40 PM
I trust the DX and AWC tokens can really make me excited and if your information says it is correct then that's great. Everyday hourly trading codes are improving a lot, believing in cryptocurrencies is what we always need.
sr. member
Activity: 798
Merit: 253
December 29, 2019, 12:16:48 PM
I am a fan of day trading but though I have some altcoins I bought and hold for long till date because of the love but naturally I am a full day trader, to me I feel it's what works best for you. I do not hodl for long unless there something special about the project.
I feel that those people ultimately taste successes who are involved in both types of trading. As you quoted, you also stated that at times you do hold some coins for long term because of some special aspects or characteristics of the coin. So it is never easy to stick to only one type of trading. What I have observed is that basically it is the type of projects which decides whether it has to be treated like long term or vice versa.
newbie
Activity: 62
Merit: 0
December 29, 2019, 11:38:02 AM
In the past, maybe you didn't understand much about cryptocurrencies. surely know by now. You can increase your money even when investing in long-term and short-term ones.  Smiley
sr. member
Activity: 1386
Merit: 250
1XBit.com
December 29, 2019, 11:33:09 AM
I personally prefer to choose short-term investments to get profits even though the profits can be of small value, but in my opinion, it is very (profitable) than we make long-term investments that do require us to hold altcoin in the long time and of course long-term investments have risks which is greater than we choose short-term investments.
sr. member
Activity: 1680
Merit: 288
Eloncoin.org - Mars, here we come!
December 29, 2019, 10:52:26 AM
Ever since I started trading on crypto, my major proceedings is long-term hodling. I always want to see a big trading value before I could ever think of selling my tokens. For me to actualize that, is to hodl altcoin for a very long time
means you are trying to continue buying without having to look at short-term prices.

many altcoins can still be traded every day with small profits, but you have another goal, it's better to keep them in an exchange wallet, especially on popular exchanges because passive income can still be obtained by risking the program for some of the POS coins provided, it will really help you.
hero member
Activity: 588
Merit: 500
BitcoreService.com
December 29, 2019, 10:08:42 AM
If you are a holder then you must immediately decide for yourself how long you are ready to hold your coins, if your strategy is designed for 3 years, then do not worry now, in order to engage in day trading you need good trading skills, not everyone can profitably trade.

i think we must have parameter, how much we can lost and how much we can tak profit, like trading forex.
so we can manage our profit and lost

dont hodl for long time for altcoin
sr. member
Activity: 962
Merit: 269
CryptoDirectories.com
December 29, 2019, 09:53:29 AM
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.
yes you can earn a lot in day trading you need to look for a coin have good development and purpose
there a lot of pump and dump coin that's why you need to be careful
im not familiar with the token you mention if I were you I would trade popular coin instead with a gap in the price and high volume
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