Holding BTC vs Day trading or short term trading. - page 12.

beerlover

legendary

Activity: 2842

Merit: 1152

Quote from: littlebill16 on November 04, 2017, 09:28:56 AM

Quote from: Zerogreens on November 04, 2017, 09:20:41 AM

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

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.

It is certainly not for everyone and that is the mistake most newbies in trading always make.
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.

Osarman

hero member

Activity: 952

Merit: 503

Quote from: amaral1977 on November 05, 2017, 07:06:38 AM

Quote from: Zerogreens on November 04, 2017, 09:20:41 AM

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

For this purpose there are two very usefull tools. One is stop loss. place a limit where you sell at a loss, but is a loss that you expect you can recover from. The other is play with coins you believe long therm and where you are bag holding, just wait. the market have cycles and you you are in a red or even black cycle you just wait.

It seems that you are a beginner in this field but do not get disturbed because it is very common to face losses at first. Trading requires a lot of experience and an analytical thinking to get the most out of it.

Just focus on the price of various digital currencies and only buy at low prices and sell when price is quite high. In this way you can earn profit that would be helpful to you for buying some more coins and repeating the cycle along with some savings that could be utilized for other needs.

alfs75

full member

Activity: 392

Merit: 100

platform for everyday business

Quote from: Zerogreens on November 04, 2017, 09:20:41 AM

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

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.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: Zerogreens on November 04, 2017, 09:20:41 AM

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

day trading and short term trading is actually not bad nor good either and you can probably earn a good income on it if you know what you doing because you know trading is not an easy thing to do therefore you have much understanding and doing your own research about how stuffs works in order to adapt it and make a profit on it. though most of us are still prefer long term holding because that is seems easy to do compare to the other two.

madwica

hero member

Activity: 714

Merit: 531

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.

phpartisanmaster

member

Activity: 350

Merit: 10

Quote from: Zerogreens on November 04, 2017, 09:20:41 AM

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

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.

ramsdaj28

sr. member

Activity: 420

Merit: 256

اللعنة

Quote from: Zerogreens on November 04, 2017, 09:20:41 AM

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

Actually, day-trading is not a good idea IF you have a small capital invested in cryptocurrency. Small investors usually find themselves having a big LOSS in trading (daytrading) bitcoin because their small investment can't actually take the price adjustment. In average, bitcoin price change by plus or minus 5%, but in these past few weeks, bitcoin price has tremendously rise up by an average of almost 10%-20%. The problem here is that, if these small investors invested $100-$500 in bitcoin these past few weeks (price is $7,400), and the bitcoin price dropped suddenly by 20%, then that would be a less $100 from his investment. Holding is still the ideal thing in cryptocurrency.

Nasty23

full member

Activity: 736

Merit: 100

★Bitvest.io★ Play Plinko or Invest!

Quote from: Hannahanto on November 05, 2017, 12:41:45 PM

Quote from: Zerogreens on November 04, 2017, 09:20:41 AM

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

Any business based on bitcoin, would surely bring a good return to the owner now. As you said, if you have held the bitcoin you had, would have brought more profit by now. Still you have good time now. Better buy few bitcoins or earn bitcoins form this forum and hold what you earn. You may certainly get more profit including the one you expected earlier.

Yes buy more now and save it for the big profit in the future because bitcoin can be able to give a big profit for those holders of this coin and also those earlier investors who holds bitcoin for a long time and earn a profit.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: detector on November 05, 2017, 12:50:27 PM

Bitcoin is fit for long term investation so just purchase bitcoin today and wait 1 year = PROFIT

1 year is long term? That's still what I consider to be a short term investment. At this point it's safe to say that people who are looking to cash out some of their profits with the intention to buy back at far lower levels ($2000-$3000'ish), will definitely end up in a big disappointment. Especially when you consider that institutional capital is knocking on Bitcoin's doors.

Quote from: detector on November 05, 2017, 12:50:27 PM

Let's compare with short term , as I know bitcoin trading quite risky because their value still volatile compare with wall street trading

Lol. Traders are explicitly looking for volatility, which is something they can't get enough of. So no, it's not at all a disadvantage of any sort for these people. Of course, there is more overall risk, but that's what traders agree with when they are looking to benefit from this market's wild fluctuations. Also, you can't just compare Bitcoin's blatantly thin market with how insanely liquid stock markets for example are. Bitcoin's market needs time to catch up and eventually end up with more overall stability.

detector

full member

Activity: 484

Merit: 124

★

Bitcoin is fit for long term investation so just purchase bitcoin today and wait 1 year = PROFIT

Let's compare with short term , as I know bitcoin trading quite risky because their value still volatile compare with wall street trading

Hannahanto

full member

Activity: 826

Merit: 111

Quote from: Zerogreens on November 04, 2017, 09:20:41 AM

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

Any business based on bitcoin, would surely bring a good return to the owner now. As you said, if you have held the bitcoin you had, would have brought more profit by now. Still you have good time now. Better buy few bitcoins or earn bitcoins form this forum and hold what you earn. You may certainly get more profit including the one you expected earlier.

amaral1977

sr. member

Activity: 686

Merit: 250

Quote from: Zerogreens on November 04, 2017, 09:20:41 AM

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

For this purpose there are two very usefull tools. One is stop loss. place a limit where you sell at a loss, but is a loss that you expect you can recover from. The other is play with coins you believe long therm and where you are bag holding, just wait. the market have cycles and you you are in a red or even black cycle you just wait.

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

Quote from: Zerogreens on November 04, 2017, 09:20:41 AM

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

Instead of trading in other altcoins if you had investment money in bitcoin as part of your day trading routine you would have made a lot of money by now because the price of bitcoin is on the rise for a very long time and when the price of bitcoin keeps increasing and if you are a day trader in alt coins,shit like these happens,look at the market and make up your plan to be profitable.

pinoyden

full member

Activity: 756

Merit: 102

Quote from: Zerogreens on November 04, 2017, 09:20:41 AM

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

day trading is pretty hard as it requires eye coordination to watch the charts movements everyday and also it requires great timing to sell and make a profit. short term trading is good on bitcoin becuase bitcoins value is incresing in a short time and lastly holding btc or long term trading is also good and verry easy to do because you will do nothing on it rather than checking the price once a month or a year , though altcoins is the best on this.

777Bitcoin

full member

Activity: 140

Merit: 100

Day trading seems so complicated as it requires more emotional control that in a daily basis. This management is hardly been effective as a human are full of mode swings and it will be something to be avoided at first hand. You were right, holding in long term is the best thing to do because it only requires patience and trust to bitcoin. And that is easier to achieve.

usorin

hero member

Activity: 1134

Merit: 500

Quote from: Zerogreens on November 04, 2017, 09:20:41 AM

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

The volatility is high so i would go on investment in short periods of time, depending of the marketplace trend. If you can make a bonus of, let's say 1 dollar then you are on the right track, the result is positive, not negative. The same goes with bigger amounts of money.

okissabam

sr. member

Activity: 700

Merit: 250

Same here, I also have learned my lesson well in short trading. I did the same thing as you did OP and ended up more losses when selling until I decided to stop doing trading and go for long term trading instead. I left almost all of my altcoins on the same exchange site as I did when I did short term trading and just hold those coins for a couple more years, anyways it was my spare money I used to trade so I don't really need it yet as of now.

Ading123

newbie

Activity: 26

Merit: 0

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.

vv181

legendary

Activity: 1932

Merit: 1273

Quote from: rodskee on November 04, 2017, 07:54:46 PM

Quote from: Zerogreens on November 04, 2017, 09:20:41 AM

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

defenitely the day trading is profitable but very risky but depends on your skills how to handle your investment, bitcoin holding are the best investment to hold for long term become profitable for the future.

I'm sure holding longer-term bitcoin will be surely profitable, bitcoin is keeping evolving and widely used. As comparisons look at bitcoin price from 2009 to nowadays the increments are huge. And I if bitcoin keep gaining attention I bet the price will continue the uptrend movement

jakezyrus

full member

Activity: 714

Merit: 100

Quote from: rodskee on November 04, 2017, 07:54:46 PM

defenitely the day trading is profitable but very risky but depends on your skills how to handle your investment, bitcoin holding are the best investment to hold for long term become profitable for the future.

not all the times you can earn on doing day trading, even if you got skills on how to handle your investments you cant still predict what will happen on the market therefore luck is still needed in order to earn a profit when trading. i believe holding is the best way to earn big income and also easier to to do than day trading because you dont need to watch the price oftenly but overall both of them has a risk.

Topic: Holding BTC vs Day trading or short term trading. - page 12. (Read 2764 times)