Topic: Holding BTC vs Day trading or short term trading. - page 11. (Read 2764 times)
IMO day trading is better than only hold BTC. But it's also more risky than holding BTC cause you can lose sometime when you made wrong decision. But it'll be ok if you have enough experience and skill in trading
Before i prefer long term trading since holding bitcoin in long term will gave you huge returns especially if you bought bitcoin during it was cheap and this method is preferable to early holders but now since the price is this high and you are planning to buy bitcoins i suggest that you should hold it in short term since bitcoin price inflates very fast this time like what happened this week bitcoin fell around 5500 due to the cancellation of segwit2x but in just 1 week it recovered so holding it within a month is suitable.
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 trading I prefer to do short-term trading or day trading, usually I get benefit only from small pump pump which often happens. and for me it was so much fun 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
If you asking here about that, you will get some various answer and opinion.
In my opinion, if crypto trading, i will do long term or holding my asset and selling them when its high.
Thats my prefer.
In my opinion, if crypto trading, i will do long term or holding my asset and selling them when its high.
Thats my prefer.
Day trading or short term trading is better than holding bitcoin because you maximize the volume of your bitcoin but their the risk of getting losing it if your not good in trading.
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
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 or short term trading is not for everyone and requires a certain skill set as well as mental control. Although you say you've learned your lesson perhaps what you have learned could be used to have better results again in the future, you've identified that you buy too high so try and correct this and be even stricter with what price you buy at.
Day trading is indeed very difficult and risky too. The only way to get profit from day trading is to have a VAST KNOWLEDGE of digital currency and a lot amount of coins.
I am saying a lot of amount of coins here because in day trading the price wont rise much but if you have invested a lot of coins , overall you will be in a lot of profit even if every single coin raise by a very small amount.
I'm doing long term trading and mainly holding on to BTC (and alts, for that matter), as an investment for the future.
How much % bitcoin you hold, % altcoin? I think invest for future is really good plan. All traders know that day trading is a very difficult task, it's better to do the trade when you sure, trading can be very profitable, but most of the people think trading is easy and just blindly choose a coin to trade, I think you need to increase your basic trading skill, my suggestion is to start slow and try to gain experience as much as possible,but if you don't want to be annoyed by the chart and the trade then holding btc is great, it's more secure
It needs a lot of efforts to do day time or short time trading because whatever you earn today may lose tomorrow in short time trading.In day time you will have to follow charts every time in order to update yourself .In case of holding you need to be financially sound so that you can keep bitcoins. It is preferable to hold on your coins rather than day trading.You will get more profit in holding. 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
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 or short term trading is not for everyone and requires a certain skill set as well as mental control. Although you say you've learned your lesson perhaps what you have learned could be used to have better results again in the future, you've identified that you buy too high so try and correct this and be even stricter with what price you buy at.
They usually feel they can just gamble their way into trading, make some decisions that they feel could be right and then end up being wrong.
They are always the FOMOs most time looking for the coin that is rising and then trying to quickly make some gains and just like the OP ends up being bag holders.
Anyone who wants to trade very good, should first consider the kind of coins they want to trade, then always look for the best position and then have patience until they hit with some strategies too, in case they are losing.
I agree because I did try short term trading before and it really needs for you to have knowledge in trading and you have to have time for the short term or day trading itself if you want to earn profits everyday. It was hard for me and very time consuming so what I did was I switched to long term trading instead which also gives me ample time to learn more about trading.
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
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 or short term trading is not for everyone and requires a certain skill set as well as mental control. Although you say you've learned your lesson perhaps what you have learned could be used to have better results again in the future, you've identified that you buy too high so try and correct this and be even stricter with what price you buy at.
They usually feel they can just gamble their way into trading, make some decisions that they feel could be right and then end up being wrong.
They are always the FOMOs most time looking for the coin that is rising and then trying to quickly make some gains and just like the OP ends up being bag holders.
Anyone who wants to trade very good, should first consider the kind of coins they want to trade, then always look for the best position and then have patience until they hit with some strategies too, in case they are losing.
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
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
Either which the three of them you choose to do in cryptocurrency whether you choose holding bitcoin,day trading or short term trading,you must need a strategy,and researching all your plan before doing an action.by researching and self instinct you can figure out ,what happen the crypto market,so that the outcome you can gain more profits of trading or your benefited of holding your bitcoin,without affecting your current asset.
All traders know that day trading is a very difficult task, it's better to do the trade when you sure, trading can be very profitable, but most of the people think trading is easy and just blindly choose a coin to trade, I think you need to increase your basic trading skill, my suggestion is to start slow and try to gain experience as much as possible,but if you don't want to be annoyed by the chart and the trade then holding btc is great, it's more secure
I'm doing long term trading and mainly holding on to BTC (and alts, for that matter), as an investment for the future.
It is good to hold the coin for the long term but you must be aware of the market situation too,if i made a profit and if i knew a big correction is coming i would sell off the coins and wait for the market to correct and then plan on entering it,rather than thinking about the future. 
It depends on what you want but all of your example terms is profitable and of course much better if you hold your bitcoin for long period of time because value of bitcoin are non stop to increase and if you have huge bitcoin it can generate huge amount of profit. But if you have small amount of capital much better to invest in in short term like trading and icos just you need time and more effort to research for good coin.
Patience and good skills is just what short term trading requires and then you can make a lot from it. Regarding ICOs that you have mentioned, it is really one very good way to trade too by investing in promising project ICO and then having a little patience to see them grow over time.I have seen a whole lot of them growing hugely over time and giving the investors a very huge profit at the end.
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
Good you have learnt your lessons and which obviously balls down to the fact that you did not learn before starting to trade or you just followed some signals blindly and you were led wrongly. The thing is that it is better to hold and not trade at all when you do not have the skills to trade because you will always get burnt. Lots of people have, and so many people will even in future. However, if you are good, short term trading has been very effective, for me anyway and you can make a whole lot from it.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'm doing long term trading and mainly holding on to BTC (and alts, for that matter), as an investment for the future.
Choose to trade instead of holding might look like a good idea, but the true is that in most cases it isn't. History has shown that people who invest in a good asset and hold for the long term manage to outperform most traders.
The problem is that you hear more about people who make a lot of money in this market, and little regarding those who lose money, which are the vast majority.
The problem is that you hear more about people who make a lot of money in this market, and little regarding those who lose money, which are the vast majority.
There are people who have a good touch for trading and for these kinds of people, trading would be the better choice. For most of us though, holding ia the safest way dealing with btc. If you're having a hard time with the ups and downs of the market, stay put with your btc
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
Good you have learnt your lessons and which obviously balls down to the fact that you did not learn before starting to trade or you just followed some signals blindly and you were led wrongly. The thing is that it is better to hold and not trade at all when you do not have the skills to trade because you will always get burnt. Lots of people have, and so many people will even in future. However, if you are good, short term trading has been very effective, for me anyway and you can make a whole lot from it. 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
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
Short term trading is also profitable, Even that your gaining small profits it will still grow when you save it all. Holding btc is more profitable but still you need to use some of your coins for your daily needs so i prefer that you should trade everyday and monitor the market if you use bitcoins for living.
Once you have some pretty good strategies with your trading, you will never go wrong and that includes having strategies for getting out of losses too. Day trading is much more stressful and you can lose a lot if you do not do it well.
For me in my opinion it's better to sell BTC in short term trading. Because you will never know when it will pump and dump 
as you can see there is a time which bitcoin getting dump and other coins will rise. Better sell it in short term trading then buy again if the price will dump.
Everyone has his own opinion but I think otherwise. I think of holding of bitcoin as the most appropriate option. It is you who has to decide as per your own skillset and experience. For me, holding is the best thing to do but things may be little different in your case. Short term investment is also a very good thing to do but for that you needs to be very, much active and sharp minded person. as you can see there is a time which bitcoin getting dump and other coins will rise. Better sell it in short term trading then buy again if the price will dump. Jump to: