Topic: HODL vs Day trading - page 28. (Read 3678 times)
It is good to make yourself active into trading. This will get us a stable earning unlike the price increase or decrease, and this has got some risk in it as we can't predict the market in a precise manner. Holding is good, but the same won't be getting us the profit when we're in need. It grows and we need to wait for that particular instance to benefit.
Hi. Just wanted to know u guys opinion of do the day trading and hold. Thank you in advance.
I believe you should not trade today, can see that bitcoin prices are extremely strong today made altcoin plummeted, the market is going down and there are no signs of recovery. Therefore, the trade will be extremely dangerous and the risk of loss will be high. I think bitcoin prices will continue to fall sharply in the coming days and will touch $ 7200.
Trading is for experts who understand technical analysis at its best, besides I would say trading is very risky as you might loose all your capital in a short period of time, I personally prefer hodling and I would assure you holders of good projects or coins gain more profits than traders, I will go with hodling
Thanks everyone for the responds..all very helpfull..
Im thinking that i am more to hodling due to my restricted time to monitor trading. but then, another question come..when you hold several altcoins, do you hold it in 1 wallet? for now, im hodling XRP, ADA, XLM coins, which look like i need different wallet for each of them. or not?
It is good you have been able to find help in all that we have said, and it is good you have considered just holding since you have no time to monitor. With respect to your question, there are some wallet that allows multi-currency and also give you full control of your funds which is the private keys and you can store them or you can make use of the ledger Nano cold storage even though it comes with a price to store all your assets and for the ones that are not available, you can just generate a paper wallet for them. For the ones you are holding, you may need to generate paper wallets. Im thinking that i am more to hodling due to my restricted time to monitor trading. but then, another question come..when you hold several altcoins, do you hold it in 1 wallet? for now, im hodling XRP, ADA, XLM coins, which look like i need different wallet for each of them. or not?
To earn in cryptocurrency u should hold as in day trading u cant make money as it can go to the any direction.
You think those who are day trading are just doing it for the fun of it? The only reason I do not day trade is because of the stress but if you are good and skillful, you can make a lot from it, but I prefer the short term trading instead.However, instead of holding, for the OP, he can just go the long term holding way, download blockfolio on his phone to have all his assets in one place and monitor their values, and if he can learn long term trading, it would be fine, but all the same, it is not a bad idea to hold as well if you do not want to stress yourself with all the trading knowledge.
Both are profitable. Day trading requires you to have much time daily as you are full time trader. But holding for longterm is good for persons who dont have much time but before you buy a coin to hold you must study it.
Yess i like To Hold for aktif coin becouse i believe oneday will get hight price,and yess i like to sell when coin price just like rolling price,dont you thing the token holder ever stuck in low price? I dont need like that..
To earn in cryptocurrency u should hold as in day trading u cant make money as it can go to the any direction.
Trading is not easy as you can make heavy losses if you end up in opposite direction of price. In hold yes if market do fall, in coming time it will rise and you can get return on your investment which may not be the case in trading. But higher the risk, higher could be rewards as well.
Be smart with luck and good luck with timing. I have tried several times day trading, followed the market, learned about scalping and other techniques etc. The end result: I've done many research now and I've believed things (if I'm now).
Even when I was "Oh I 10% trade day with my holdings" that 10% turned into 5%
But hey, YMMV I'm not good at trading, and that's the price given to lose that money I learn.
Even when I was "Oh I 10% trade day with my holdings" that 10% turned into 5%
But hey, YMMV I'm not good at trading, and that's the price given to lose that money I learn.
To earn in cryptocurrency u should hold as in day trading u cant make money as it can go to the any direction.
Hi. Just wanted to know u guys opinion of do the day trading and hold. Thank you in advance.
Both are different than you personally think, because both needs different amount of attention, care, Psychological behaviour and Mindset for to accomplish. Holding is done mostly in investing and i think investing should be done by everyone but the trading is done only with the risk takers and for that, you need to know about trading in deep. I personally go for investing and trading both, but investing is my favourite as i like to do often and i trade rarely when i get dividends on stocks.
Thanks everyone for the responds..all very helpfull..
Im thinking that i am more to hodling due to my restricted time to monitor trading. but then, another question come..when you hold several altcoins, do you hold it in 1 wallet? for now, im hodling XRP, ADA, XLM coins, which look like i need different wallet for each of them. or not?
Im thinking that i am more to hodling due to my restricted time to monitor trading. but then, another question come..when you hold several altcoins, do you hold it in 1 wallet? for now, im hodling XRP, ADA, XLM coins, which look like i need different wallet for each of them. or not?
Hodl is a term framed by a drunk guy. Since then people have placed their beliefs in it. Trading is actually a thing unlike hodling. It's for people who are afraid of trading or don't know how to trade. I also do fairly believe that hodling doesn't facilitate mobilization of funds but trading does. I think you got your answer here.
Initially I thought that in the cryptocurrency the HODL strategy was the most profitable. Now the number of instruments for trading is very large, so there is an option to maximize profits by shifting from a coin to a coin. It should be understood that daytrading is suitable only for experienced traders, for beginners the best option will be to hold and parallel the study of the scope of daytrading.
You don`t need to think much about this two things, its good to do both of them. Holding doesn`t require time or some special skills, you just buy what you wish, download some good wallet, if you can it would be good to buy some trezor or ledger, send your coins from exchange to that wallet and just wait, that is all. When you finish with that you will have plenty of time for trading, swapping, shorting. Never trade with all your money, hold something on a safe place and have fun trying to earn more with different strategies.
Initially I thought that in the cryptocurrency the HODL strategy was the most profitable. Now the number of instruments for trading is very large, so there is an option to maximize profits by shifting from a coin to a coin. It should be understood that daytrading is suitable only for experienced traders, for beginners the best option will be to hold and parallel the study of the scope of daytrading.
I think that the trading is much better than holding, because you can loose your funds if the price will crash. But if you'll sell everything on high levels, you'll can buy more and more coins on low levels. Of course, you need to learn and know the current situation in economics and politics to decide when is the best time to sell/buy/re-buy the crypto currency.
This is the illusion a lot people go for, many people think they can obtain great profits with trading and while trading can be more profitable than to hold most people will earn more money by just holding their coins, don't forget that you need to pay capital gains and other taxes, fees and you will also lose money in the process and that is if you're a good trader if you are a bad trader you will lose your money. Hi. Just wanted to know u guys opinion of do the day trading and hold. Thank you in advance.
The strategy of day-trading could bring you a great income, but it's not so easy like you think. Unskilled day-trading may cause flushing your money down the toilet.
Day trading is safer and have lower risk as stop losses are always set at smaller losses rather than swing or long hold positions. Day trader is more difficult though especially when the market isn't that good.
If you have time and knowledge you can do as day trading. When you identify the market trend HOLD is more profit.
Yeah, asides day trading which is just one aspect of trading anyway, trading require a lot of skills. And I also like you mentioning market trend, but trend is always better followed with short or long term trading and not day trading. Holding is a better option for someone who does not want to stress themselves with the fluctuations f the market or not ready to go through any learning phase. In that case, just hold and watch it grow.
Day trading may be more profitable but it needs skills to earn huge profits. You have to good tech. analyst to be a successful trader.
On the other hand, HODL strategy is a long-term investment. You have to analyze well about a coin/token before investing because this decision will make you rich in future.
So if you don't have time and skills then I suggest you go for HODL strategy and enjoy seeing your money grow.
Indeed, however you cannot guarantee if that coin will pump because there are some cases that altcoins is one week dump just like bitcoin. Anyway, it is depend on what do you prefer, if you wanted to have instant income yet more profitable then go for trading and if you prefer to have a long term income yet less effort then go for hold. On the other hand, HODL strategy is a long-term investment. You have to analyze well about a coin/token before investing because this decision will make you rich in future.
So if you don't have time and skills then I suggest you go for HODL strategy and enjoy seeing your money grow.
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