People have different preferences on how to go about cryptocurency, i personally prefer holding for long term, trading involves way too much activities and complications while holding is simpler and adds value to the coin
Topic: do you day trade or prefer a long term hold? - page 7. (Read 4281 times)
Many prominent brokers say that the longer you hold your investment, the less likely you are to suffer a loss. The longer your investment time, the higher the probability you win. In conclusion, long-term trading has a smaller risk because you avoid the mistake of guessing the price in the short term.
Yeah you right i agree on you, on that cases the short term is for those who are needy i guess but if you hold your tokens for a long term it will be rise up and less risk thats what i think..
I prefer daily trading. I'm trying to take advantage of some fluctuations. But if you do not have a lot of time to observe the chart you should be a long-term trader.
I prefer the long term at the moment. I think it is risky for me to trade because I don't have enough knowledge yet on how to do it effectively. I also have experience in the stock market where I tried day trading and I'm currently losing. But I'm not discouraging anyone because some people really earned a lot from it.
I prefer the long term at the moment. I think it is risky for me to trade because I don't have enough knowledge yet on how to do it effectively. I also have experience in the stock market where I tried day trading and I'm currently losing. But I'm not discouraging anyone because some people really earned a lot from it. I think a thorough study is needed before embarking to trading.
No need to worry about somehow later with the price coin obviously consider it for savings. Because by persisting to invest in the long term will have great results of course
Many prominent brokers say that the longer you hold your investment, the less likely you are to suffer a loss. The longer your investment time, the higher the probability you win. In conclusion, long-term trading has a smaller risk because you avoid the mistake of guessing the price in the short term.
Maybe you need to try it first. But one thing is clear, traders who choose to trade on a short-term basis must have a high degree of accuracy of analytical accuracy. In addition, short-term trading is also influenced by the reliability of a exchanger platform.
When viewed in terms of potential, then long-term trading has advantages far greater than short-term trading. This is because the risk is less likely due to not doing a lot of transactions. Too many transactions means that many mistakes are made. Actually to choose which one is better, whether to use short-term trading or long-term trading, depending on you who will undergo trading. Each person's trading style is different so the needs of his strategy are different.
In most cases, I keep coins for a long time. I also like trading, but it needs more time, to track coins every day . And if you hold coins, then you only need to buy promising coins and wait for profit.
I have personally tried and failed at day trading. I spent so much time worrying about every little dip in the charts. I wasn’t working with much money which made it even sillier to think about the amount of time I spent paying attention to it. I’ve gone to a hold strategy with the downturn of the market and I feel much better about it. There are people that can make a killing daytrading, most people will not be successful unless they are a real whale.
For me, prefer a long term hold if your crypto currency have a potential to give you more profit. However, daily trading is quite an interesting activity and can be quite profitable, but it is too risky if you dont have skill.
So I'm slowly going into crypto and I want to know if any of you trade altcoins daily, or you prefer to hold it for long term? What do you think it's better and why?
Thanks
Both of them. Trade is to earn daily or weekly income. Hold to save money for the future. I don't send all my asset to trading site. It is too risky. Hold most of the asset in secured wallet and send some of them in exchanger. Buy when a coin is low and sell it when it is high. Make profit daily or weekly really helps me to earn living. I can earn about 100-300 USD weekly. That is a enough income in my country. Thanks
hold is much more advantageous than daytrade. Holding your investment will eventually lead up to higher return because cryptocurrency have a big potential in increasing it’s market value. Also, long term holding is much more relaxed and won’t take up too much of your time.
I do not advise new comers to the cryptocurrency world to day trade.Only day trade after you are knowledgeable enough so that you can compete.Just hodl.you will better off.
I prefer to go for long term.I am not a trader but sometimes trading is good.In my opinion, time is the key.You give more time it will grow more. but if you know how and when to trade you can go for it.Many times trading is more profitable than long-term.But still its always better to go for long term.
I have a fulltime job in real life, so i have not much free time for daily trading. So, I'm a long term holder basicly.
I do both day trade and long term trade but i prefer long term trade because it give me rest of mind.
I am not a day trader.What i do is keep my investment.In my opinion l holding is always better than trading.There is a chance to lose the money in trading.Trading is good if you are a master of it.Otherwise, don't go for trading.If the market is not stable.Trading is not that good.So hold don't panic hold till the market come high.Just Wait and HODL
I preffer to holding for a long term, Gives your coin a chance to gin value overtime and earn profits in the process, day trading is also profitable, but the profit margins are very little
I do both depending on the situation of the market or the details of the token one has at his/her disposal. Something it's good to hold for a long time before selling so you can gain so much more. On the other hand day trading can be also the best in some cases too. The bottom line is to understand the market situation maybe it's favourable to sell or hold.
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