Topic: Holding BTC vs Day trading or short term trading. (Read 2820 times)
I prefer to hodl for long term since price is more likely to go up in the future, I am not a professional trader so i avoid it and avoid loses
So I have been in crypto for a while now, February precisely, and regrettably I wish I had never dabbled into day trading or short term trading. I have been burnt a lot trying to play the game of trading. Often times I end up buy too high thereby becoming a bagholder, and when I finally sell, it's at a loss.
So I can't help but wish I had just held on to my BTC. Would have been grinning from ear to ear today. #Lessonlearned
I guess we can hold BTC while having a day trading. It will help us to become profitable someday. If we will just focus on one part of investment, there is a tendency that we will lose more.So I can't help but wish I had just held on to my BTC. Would have been grinning from ear to ear today. #Lessonlearned
Day trading is effective when you can read the charts and predict the price for about an hour. It is also good if there is a bull run market. But I think it is good if we will just hold it and set for target so that it will not become hassle to us.
I was newbie in crypto world so I don't have bunches of knowledge about cryptocurrency but I should go to study very hard to understand what makes me more knowledgeable in crypto world. But for me I think long term investment is a good ways to get more profits but this strategy takes a several months or years to earn. Aside from that trading in another key for good source of income, live trading, daily trading (day trade) is also good but it was very tiring.
indeed all daily trades have greater risk than long-term trading, but if you have time for short-term trading by always looking at market movements I think it can minimize your risk
No, day trading is the riskiest way to trade, many people with no experience or knowledge try day trading only to lose all their money, so take your time, at first make very long trades, trades that could last months are a good idea to start with then reduce this to a few weeks and keep doing that until eventually you can day trade, but personally I have not time for that and that is why I am a long term holder.
in my opinion it's better to look at the market first, if a stable market is more effective in daily trading, if the market is buried I always invest not trading but if the market is good I trade with expensive coins.
True the crypto market is very unpredictable no matter how much you've research, how much you analyze the price through technical and fundemental sides. If whales decides to sell all your strategical analysis will be all for naught. Day trading is very risky it takes a very experience trader to make profit in this bearish marker or you will be converted into a holder.
Yes that is right that we cannot predict the market 100% correct, but I think that still your research and hard work will go wasted. I think that it will surely help you take a right decision which will give you good profit and even can prevent you from lost. So I have been in crypto for a while now, February precisely, and regrettably I wish I had never dabbled into day trading or short term trading. I have been burnt a lot trying to play the game of trading. Often times I end up buy too high thereby becoming a bagholder, and when I finally sell, it's at a loss.
So I can't help but wish I had just held on to my BTC. Would have been grinning from ear to ear today. #Lessonlearned
At this point I think you should only trade short-term and day trading to be able to minimize risk when the market is in downtrend stage, you may find that you can only profit from hold or head Long term when the market is in uptrend. To minimize the risk in trading I think you should only trade bitcoin, if altcoin trading you will greatly damage the price if the bitcoin price drops and you do not catch up. So I can't help but wish I had just held on to my BTC. Would have been grinning from ear to ear today. #Lessonlearned
Day trading and short term trading is good even in the bearish season and you can earn good amount of money.
So I have been in crypto for a while now, February precisely, and regrettably I wish I had never dabbled into day trading or short term trading. I have been burnt a lot trying to play the game of trading. Often times I end up buy too high thereby becoming a bagholder, and when I finally sell, it's at a loss.
So I can't help but wish I had just held on to my BTC. Would have been grinning from ear to ear today. #Lessonlearned
I think that at this time you should only invest in short-term and trading day to make profit with the least risk, you can see that bitcoin prices are constantly fluctuating in recent days, the market is In the long run, it is very difficult to trade successfully. So if you keep or invest long term the risk will be very high if the bitcoin price drops sharply. So I can't help but wish I had just held on to my BTC. Would have been grinning from ear to ear today. #Lessonlearned
So I have been in crypto for a while now, February precisely, and regrettably I wish I had never dabbled into day trading or short term trading. I have been burnt a lot trying to play the game of trading. Often times I end up buy too high thereby becoming a bagholder, and when I finally sell, it's at a loss.
So I can't help but wish I had just held on to my BTC. Would have been grinning from ear to ear today. #Lessonlearned
In my opinion to be successful here, you need to be performing all that kind of listed things at once, so what I mean basically it is that you need to hold some coins, you need to day trade, and also invest in some perspective. So I can't help but wish I had just held on to my BTC. Would have been grinning from ear to ear today. #Lessonlearned
For me, all of those are profitable depend on how you handle it. Holdinh btc is profitable if it rise and you aqymuire it at a very low price. Short term trading or daybtrading is also effective way on how to gain more but with a higher risk than long term.
Everything depends on the person and his skills and experience. As I see it, the newbie cannot deal with the day trading as in 95% he will make a mistake and lose the money. Here, the beginner should better hold.
indeed all daily trades have greater risk than long-term trading, but if you have time for short-term trading by always looking at market movements I think it can minimize your risk
but in right now, I think it's difficult to do because the market is going down and even it's down too deep. it is hard to take a profit from this moment because we need to always check the price, analyze the price from time to time, do a fast move for the coin so we can still make a profit. I think holding the bitcoin is better than today trading right now unless you have skills to do that.
Hard for some but that's what experienced day traders do. Even in a red market, day traders would takr advatage of a coin's natural volatility, meaning even small profits would be good enough and can be attained. Though of course, this would need a lot of experience and skills but that can be acquired through continuous practice.
True the crypto market is very unpredictable no matter how much you've research, how much you analyze the price through technical and fundemental sides. If whales decides to sell all your strategical analysis will be all for naught. Day trading is very risky it takes a very experience trader to make profit in this bearish marker or you will be converted into a holder.
indeed all daily trades have greater risk than long-term trading, but if you have time for short-term trading by always looking at market movements I think it can minimize your risk
but in right now, I think it's difficult to do because the market is going down and even it's down too deep. it is hard to take a profit from this moment because we need to always check the price, analyze the price from time to time, do a fast move for the coin so we can still make a profit. I think holding the bitcoin is better than today trading right now unless you have skills to do that.
indeed all daily trades have greater risk than long-term trading, but if you have time for short-term trading by always looking at market movements I think it can minimize your risk
They are very different from each other but the very profitable strategy for me is holding because you will just hold your cryptocurrency over the time and you just need to do some understanding in the chart of the cryptocurrency and that is how you are going to plan your exit in the market in long term basis which means that you have a lot of time to feel the maximization of the profit.
Holding bitcoin may better after all than trading it if you are just too emotional when trading. If you are really serious in learning it then it would better to do it now when the price is not that high so you wouldn't be that furious when you have a loss. Just think of your losses as a tuition fee to learn more and be better with trading because you would get it back again when you are already familiar with the market and you have a strategy that would help you in achieving your goals.
They are very different from each other but the very profitable strategy for me is holding because you will just hold your cryptocurrency over the time and you just need to do some understanding in the chart of the cryptocurrency and that is how you are going to plan your exit in the market in long term basis which means that you have a lot of time to feel the maximization of the profit.
So I have been in crypto for a while now, February precisely, and regrettably I wish I had never dabbled into day trading or short term trading. I have been burnt a lot trying to play the game of trading. Often times I end up buy too high thereby becoming a bagholder, and when I finally sell, it's at a loss.
So I can't help but wish I had just held on to my BTC. Would have been grinning from ear to ear today. #Lessonlearned
I think at this point you can completely invest in bitcoin and also trading day, the market in the past few days are fluctuating continuously and you can see that bitcoin prices are constantly rising and are uptrend in short term. Bitcoins will be able to rebound to $ 10000 in the coming days so you can buy bitcoins at the moment.So I can't help but wish I had just held on to my BTC. Would have been grinning from ear to ear today. #Lessonlearned
As I see it, the newbie cannot deal with the day trading as in 95% he will make a mistake and lose the money. Here, the beginner should better hold.
At this stage, it actually depends on how long one wants to hold as for the past few months and the behavior of the market generally, we all know that is simply a hard thing to hold on to any market for long now and most especially altcoins. No one is sure how the market is going to be like in the long run, probably altcoins will be able to do their own thing without getting a hit from bitcoin, but as it is now, they get beaten hugely and one of the reasons why long term trade makes a lot of sense.all of those are profitable depend on how you handle it. Holdinh btc is profitable if it rise and you aqymuire it at a very low price. Short term trading or daybtrading is also effective way on how to gain more but with a higher risk than long term.
Holding is actually something that is good for those who may not have choice than to hold anyway. Normally, it is either you are holding or you are trading as an investor and the reason a lot of people hold anyway is because they may not have the time or the knowledge to trade. However, when it comes to the idea of playing with the highs and lows in the market with that huge volatility, Holding for me is out of it, and better to trade them and increase your position in the long term. 
For me, all of those are profitable depend on how you handle it. Holdinh btc is profitable if it rise and you aqymuire it at a very low price. Short term trading or daybtrading is also effective way on how to gain more but with a higher risk than long term.
Everything depends on the person and his skills and experience. As I see it, the newbie cannot deal with the day trading as in 95% he will make a mistake and lose the money. Here, the beginner should better hold.
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