Topic: Hoddle or day trading - page 3. (Read 1170 times)
This majorly depends on the altcoin you are holding, if there are possibilities of a market crash due to pump and dump situations it is better to trade them but on a more serious note take bitcoin very important as it is more stable and have a bigger market demand so holding bitcoin for long term basis is a good way to start.
Patience is the key to success in crypto, I always hold in the long term because it will get a satisfying profit compared to daily trading but by buying coins that have clear fundamentals and never invest in coin memes that have no clear community and project. always Dyor in trading
To hold back in a long enough time certainly it is clearly needed patience, because without patience, what will be done can be sure to be in vain.Obviously holding back is something that can be sure very well when placing on a very potential coin, because in time it will get what is expected.
But daily trade is also not bad to do as long as we know correctly what we will do, because every daily trade action will receive a considerable risk, but is proportional to the success that will be obtained. So there is no need to hesitate to trade daily, as long as it has already studied well.
If the problem of coins memes, it's hard to recommend it to be held, because the risk that will be accepted is quite large. But if for Shib it seems quite interesting too because they have committed combustion to reduce the amount of circulation so that it can increase value. Is this a good thing to be learned first.
I have some altcoins I bought at the ICO stage which did x pricee movement and now are dead while others are still at a stable price but I will like to make some profits at this time should I continue holding or start trading them to make instant profits what will be your advice in this situation.
Trading is gambling, especially if you are not experienced trader. 90% of traders earn less then average investors, so I wouldn't suggest you to make such experiments unless you want some experience instead of money
How are you sure they will come back and make those Xs in the future and are you following any of the projects you bought their ICO to see if there are updates and maybe check tokens unlocks and stacking or other stuffs I think you need to be checking those things everyday to make sure they are good to hold and will benefit you in the future If not I will say dump those coins mate
I have just one formula which is to handle because trading required skills and experience, this has left me with no choice but to hold some time as it is always risky to trade when you don't have any experience or skills.
Don't trade if you don't know how to handle your emotion. Risk is always associated with it and the same with holding. Maybe people don't think that there's also risk in holding.The risk that holders have is also known, we don't just feel it because we barely do nothing when the market is down. We're used to the market situations and that's why holding becomes easy.
I have some altcoins I bought at the ICO stage which did x pricee movement and now are dead while others are still at a stable price but I will like to make some profits at this time should I continue holding or start trading them to make instant profits what will be your advice in this situation.
I was thought something in my basic classes in Bitcoin and Crypto. And that is to always take profit even if it is very small or greed will ruin you. I will advise that even if you still have the mind to hodl, you should take a little profit because you can't tell what tomorrow will bring. And also keep in mind that it is from ICO, and there is this likely hold that they usually fall after the whole hype and distribution.So, it is highly subjective what coin/token that you are holding and trading. Not all the coins are suitable for holding but bitcoin must the one which is highly suitable for long term holding.
Is project is useful and in demand it is better to wait till the rise of the market.
Now in spite for the fall of the market the price of NFT continues to grow.
A lot of interesting NFT like https://twitter.com/FomoChronicles/status/1483799729892995074 appears.
I like such stile of NFT and this NFT collection.
For trading, it is necessary to have special knowledge of the market.
Also it takes time to trade.
To hold cryptocurrency it is necessary just to buy crypto assets and hold them.
If project is really good and prospective it is better to hold its tokens.
Because after the fall of the market will be a rise and it is necessary just to wait a rise.
Depend how market situation goes since if you hodl it then your investment will be called died since you didn't know if this will revive back nor don't have an idea on when your token to pump, that's why you need yo consider certain perspective on how market flows since if you day trade them on like this current bear market condition then provably you will earn more volumes which can make you earn more bigger if the price shot up in future.
Hold is best in this market. Use Dca on Top coins on the way down and accumulate enough until you’re able to stake it during the remainder of the bear market cycle and still earn interest on your holdings…
Good style of investing, you know what to do when things are turning bad for the market and it's the one that you don't like. You hold, dca and stake.Don't forget that when you dca, it's always the case that you're going to see the buying opportunity at good times and when they're down. Because if it keeps on dipping, you should keep buying until it finally hits the bottom.
Patience is the key to success in crypto, I always hold in the long term because it will get a satisfying profit compared to daily trading but by buying coins that have clear fundamentals and never invest in coin memes that have no clear community and project. always Dyor in trading
Well, i also prefer holding and investment as this is the only way you can become rich and even millionaire. With trading you can make constant small income but you can become a millionaire only by trading.
Also, when it comes to trading there are many kinds of trading like scalping, intraday and swing trading. I would suggest that you should avoid scalping and day trading both, as there is a lot of risk in both of them and you do not have peace of mind doing them. Swing trading is far better but it may take a few days to a week, to complete but give better returns than day trading.
Patience is the key to success in crypto, I always hold in the long term because it will get a satisfying profit compared to daily trading but by buying coins that have clear fundamentals and never invest in coin memes that have no clear community and project. always Dyor in trading
Hold is best in this market. Use Dca on Top coins on the way down and accumulate enough until you’re able to stake it during the remainder of the bear market cycle and still earn interest on your holdings…
Make short-term trades to make profits even in small amounts. Because if you buy tokens that have no potential, it's very difficult to make a profit. Maybe waiting for the token to be lost in circulation. I've also bought tokens like that, and made memories in the wallet until now. Not to mention the much higher transaction fees compared to selling the entire token.
How can he make short trades when the price of his coin is stable? But, he can wait a little bit more and if he saw some green, that is the time to grab the opportunity by selling and then maybe buying back some if he believes that he holds a gem. If the fees is much as the token you hold then do not ever make a trade obviously because your going to loose, this is the problem now for the people that buys eth based tokens before because eth suddenly went sh!t. If we can, it would be wise to pick tokens that are under bsc or something similar to make your capital more worth it but most importantly make a research before putting any money. Is project is useful and in demand it is better to wait till the rise of the market.
Now in spite for the fall of the market the price of NFT continues to grow.
A lot of interesting NFT like https://twitter.com/FomoChronicles/status/1483799729892995074 appears.
I like such stile of NFT and this NFT collection.
Now many famous people and big companies create their own NFT because NFT give them a lot of advantages and allows to interact with their community.
They believe that NFT is a very prospective technology and actively use it for their benefits.
For trading, it is necessary to have special knowledge of the market.
Also it takes time to trade.
To hold cryptocurrency it is necessary just to buy crypto assets and hold them.
I have some altcoins I bought at the ICO stage which did x pricee movement and now are dead while others are still at a stable price but I will like to make some profits at this time should I continue holding or start trading them to make instant profits what will be your advice in this situation.
I am not a financial advisor so I cannot give you an advice, but what I can do is tell you what I would if I were in your situation.
First of all I would do a proper assessment of my financial situation and of my spending needs.
If the amount I can cash out from my ICO investments is significant relative to my income I'd definitely take profits at least partially.
To decide what I do with the rest I'd do a well-documented research of the projects - everything from vision, tokenomics, developers, management team, marketing, etc.
I have some altcoins I bought at the ICO stage which did x pricee movement and now are dead while others are still at a stable price but I will like to make some profits at this time should I continue holding or start trading them to make instant profits what will be your advice in this situation.
Make short-term trades to make profits even in small amounts. Because if you buy tokens that have no potential, it's very difficult to make a profit. Maybe waiting for the token to be lost in circulation. I've also bought tokens like that, and made memories in the wallet until now. Not to mention the much higher transaction fees compared to selling the entire token.
If I was at your place I would have sold them off long time ago since every time the trend would change and the old coin projects would become dead.... So it's better to go with the trend coins and you should sell them off right away and book the profits from those coins
Is project is useful and in demand it is better to wait till the rise of the market.
Now in spite for the fall of the market the price of NFT continues to grow.
A lot of interesting NFT like https://twitter.com/FomoChronicles/status/1483799729892995074 appears.
I like such stile of NFT and this NFT collection.
Many people believe that the rise of the market will continue and now they are waiting for the restoration of the market and do not sell their assets.
But nobody knows how long to wait the rise of the market.
I have some altcoins I bought at the ICO stage which did x pricee movement and now are dead while others are still at a stable price but I will like to make some profits at this time should I continue holding or start trading them to make instant profits what will be your advice in this situation.
For me, It all depends on the project. What were your ideas of these projects before you invested in them, the ones that failed what did you think made them fail, and the ones you are still holding, what are the projects doing that makes you think they will do better price-wise in the future? I don't think investing in crypto blindly is a good choice so something with the project may be a or some Developments about the project should make you say you want to keep HODLing because you believe it will grow in price and don't also forget to take profits at some point. Is project is useful and in demand it is better to wait till the rise of the market.
Now in spite for the fall of the market the price of NFT continues to grow.
A lot of interesting NFT like https://twitter.com/FomoChronicles/status/1483799729892995074 appears.
I like such stile of NFT and this NFT collection.
Just sell your stuck ICO coin, and start doing daily trading, I think it's more valuable than you waiting for a less obvious project. At least you do something to get profit from your own effort.
But before all that you do, I hope you think clearly and do deep research first, don't regret it because what you took turned out to be wrong, so be careful, and good luck mate!
But before all that you do, I hope you think clearly and do deep research first, don't regret it because what you took turned out to be wrong, so be careful, and good luck mate!
Do some research manually at each. Find their respective discussion group and pulse the community there e.g Telegram, Bitcointalk ANN thread, etc. Lurk every day and try to find a good reason if it makes sense to believe in that project. Check also their market price and if the volume is healthy.
For those tokens that are now dead according to your view, obviously, just forget them totally. You can't even sell them in the first place.
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