Holding BTC vs Day trading or short term trading. - page 13.

rodskee

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Quote from: Zerogreens on November 04, 2017, 08:20:41 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.

metribitcoin

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For me because I dont have time to analysis the market and also sometimes I can not control emotion during trading, I prefer to hold BTC for longterm investment. By hold BTC is good idea and easy way to gain profit from market. Day trading only fo expert trader and for trader who has patiently.

Skyborn

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The thing with trading is that it is very hard to consistently pull off profitable trades (every single day if you day trade). It all sounds great, buy low sell and everyone's coin will moon at some point and some other blablabla. But 9/10 times (especially if you are trading in the current market) you will find yourself with coins that are worth 50% less than you bought them for. So what I like to do is capitalize on big market moved. Let's say the China crash of early September. We watched the price tank down and at around $3200 I've started buying the dip and a lot of big personalities in crypto did as well (e.g. Tuur Demeester openly tweeter that he was buying the dip). So you really want to capitalize on those kind of moves instead of investing in 20 altcoins or ICO'S.

wayaneka

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In my opinion depend on the skill and psikilogis of trading that we have, if we dont have skill and can not control emotion for the better just hold strong fundamental coin like BTC and ETH, by make investment in these coin is easy way to make profit. And if we have skill in altcoin trading(Paired BTC), better do short trading because the price of BTC going up fast now. And for longterm altcoin trading is very risky, because mostly altcoin now their price just pump dump.

dhampir-D

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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.

MedvedTrader

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Daytrading is a skill. It is not for beginners. REALLY it isn't.

That said, daytraders need specialized tools. There are plenty out there for stock daytraders, futures daytraders and Forex daytraders. There is almost nothing for crypto daytraders.

Our PC software trading platform (www.medvedtrader.com) now if fully integrated with GDAX (and a bunch of other more conventional brokers) to pull down the data and to trade. It has all the features daytraders require - charts, tech. indicators, scans, alerts, etc. This kind of software is common for traders in regular markets, but is severely lacking for crypto trading. That's why we connected it to GDAX, so that crypto traders can utilize the same methods to trade that Forex traders can (since crypto is basically Forex).

Integrations with other exchanges (Bitfinex and HitBTC to start with) are coming shortly.

It doesn't cost anything to try - go to www.medvedtrader.com, register, download the software and run it.

Platonicus

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Day trading is really risky stuff generally (IF we speak about stocks, shares, etc) but many many times riskier is trading cryptos. One day you win all, next day you can loose all -
IF we speak about Alts.

But If we speak speak about BTC then I would reccommend to choose only long terms investment.

P.s I got burnt too in past even I am new in crypto world, relatively...

StephenJH

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Holders will make a profit without any doubt. But what about that pip hunters which called day traders? They gonna to lose after any sharp price change. Short term trading brings risks which can cause you to lose deposit.

Zerogreens

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Quote from: dothebeats on November 04, 2017, 12:21:16 PM

You mentioned that you were in the ship last February, so if you just have been patient and waited for a couple of months just what like most of us did here, you could have tripled your money no sweat and just by sleeping day in day out. I also dabbled into day trading a year ago and found out that the stress isn't just for me. I was successful on trading during crashes since the spread is too good to miss but focusing solely on day trading, I haven't had any success at. If you really want to get into the trading action, I advise you to just arbitrage and trade when there's a huge price gap in between different exchanges. These spreads help you gain profit the most and watching the markets like a hawk every day isn't worth it if you haven't had any official training/schooling about it.

I feel a bit better when some guys mentioned 'everyone's been burnt before'. Lol. At least I get to console myself I'm not the only poor decision maker.
Let's look at this for a minute. Around Feb this year $5000 could have fetched about 6btc. If I HODLed I would have had $5000 * 7, 7BCH, some CLAM and Gbyte airdrops etc etc.
All this would have been possible if I had taken the risk free way of HODLING! But no, I had to trade some stupid altcoins!

dothebeats

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You mentioned that you were in the ship last February, so if you just have been patient and waited for a couple of months just what like most of us did here, you could have tripled your money no sweat and just by sleeping day in day out. I also dabbled into day trading a year ago and found out that the stress isn't just for me. I was successful on trading during crashes since the spread is too good to miss but focusing solely on day trading, I haven't had any success at. If you really want to get into the trading action, I advise you to just arbitrage and trade when there's a huge price gap in between different exchanges. These spreads help you gain profit the most and watching the markets like a hawk every day isn't worth it if you haven't had any official training/schooling about it.

DaMut

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we can not compare it one and another because it has its own advantage and disadvantage.
to be honest day trade is needed for them who want to read the market and sharpen their skill in trading.
holding or long trade is like a saving and do not require much skill behind it,because all that we need to do just holding it.
just like you i burned a lot of money because of short trade,
we burned it because we're thinking about how much profit that we will get everyday while doing a daily trade,
but in reality if short trade is a choice for them who want to sharpen their skill in trading not chasing for profit.
after a while you will understand what i am talking about,
because you will not forever holding it and sometime you will do the short one just to check and want to know how it goes,
so you can make a move for a long one

alani123

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I think that short term trading is the best alternative of the three as people that have the nerve to deal with crypto markets tend to earn on the long run as crypto markets are bullish. You'd be unlucky to buy stuff the top prior to another fall though, it had happened to many people but holders in the end were avenged by new all time highs.

BrewMaster

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Quote from: Zerogreens on November 04, 2017, 08:20:41 AM

I have been burnt a lot trying to play the game of trading.

i think this is an issue that we all have experienced.

what i do is two things. first i choose the market that i can speculate better and be more successful at. for example many of the altcoins are more suitable for me most of the times.
second i trade only when i am sure. my strategy is to never buy anything unless i have good reason to. i never buy to hope price goes up. i buy because i am fairly certain the price is going up. this can reduce the number of trades that i make but i prefer less trades and less profit with 0 loss than lots of trades with bigger profit but a lot of losses to negate all that!

bitcoinmaniac52

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If you are new to all of this you should just hold BTC. Look how well it's been performing lately. At the beginning of the year it was around 1500 USD and now it's pushing past 7000 USD and the fun is just getting started. Expect to see bigger gains each year until it reaches it's full potential in about 30 years from now. The whole world still has to adopt Bitcoin, think about that.

okala

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Both are very profitable depend on the type of trader you are and the trading plans you have in place. Trading is very risky and days trading is more risky than buying and holding as the analysis is very hard. Days trading has to scape the market for little profit or loss opportunity and buying and holding are Targeting for big profits in the long run. I have done days trading during my forexs and commodities trading and one thing that I have find out is that you can make good money today and lose all tomorrow but long term investment always end up in profits.

oegarod

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It completely depends upon the user, his necessity along with capital affordability. When the user can afford big, holding btc is good, because it is risk free. Day trading is the best to get regular profit, but needs long time to be spent on analyzing the market. Short term trading too is possible, but having diversified asset helps with profiting on short term trading.

coinsontheroad

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It is essential to learn as much about technical analysis as you can. That is a skill. Anyone can learn a new skill. You just have to keep learning and be sure you are making an educated guess with as much research/chart analysis done as possible.

Innerpumper

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I myself prefer short-term trading because it is very fast to develop bitcoin and also hold for the future.

MMA

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Quote from: littlebill16 on November 04, 2017, 08:28:56 AM

Quote from: Zerogreens on November 04, 2017, 08:20:41 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.

short term trading is not such an easy job, it really require a lot of practice and experience, without good experience. In short term investment it is too much important that one may have good experience, because short term investment is more risky than long term investment. It is too much important that you must be more active while doing short term investment. In long term investment you can take

Patatas

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Quote from: Zerogreens on November 04, 2017, 08:20:41 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

That totally depends on the bitcoin state at that current day/month/situation.If you ask me,at the current situation where prices are fluctuating so much,you can easily make good money from daily trading.If the price hasn't moved notably in a week or two,you can safely hold it for a long term trading.Easy as it sounds.

Topic: Holding BTC vs Day trading or short term trading. - page 13. (Read 2820 times)