Holding BTC vs Day trading or short term trading. - page 4.

xvacator

jr. member

Activity: 341

Merit: 4

Quote from: ShineftChaos on June 20, 2018, 03:01:22 PM

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

You should decide depending on where you are using your cryptocurrency, if you use it for your daily needs then go for day trading but if you have a stable job then you can hold your coins for a very long time till it reach the highest price in the market.

it is always better if he has a stable job because he can buy his daily needs and he can also become a bagholder. he has a choice to go with trading but he needs to have the skill to analyze each coin and it cannot learn in just one day. I think many of us have this experience in their past and they are learning much things so they could still exist in the trading.

ShineftChaos

full member

Activity: 378

Merit: 100

I LOVE ADABS

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

You should decide depending on where you are using your cryptocurrency, if you use it for your daily needs then go for day trading but if you have a stable job then you can hold your coins for a very long time till it reach the highest price in the market.

tornikejr

member

Activity: 228

Merit: 10

Everyone is saying that daytrading is only for skilful traders and better just to buy and hold, however, you will not gain skills, if you don't try.
Nobody was born with trading skills at all.
I think better to do both, hold good coins for longterm and also do short-term/daytrading.

emberbekas

legendary

Activity: 1904

Merit: 1000

Quote from: Domicbora on June 12, 2018, 05:33:29 AM

Quote from: Mak7im4ik7 on June 08, 2018, 02:29:57 PM

short trades are very risky. Beginners should start with long-term trading

Yeah you are right short term investment is not for beginners. Every new investor should start from long time investment. And when he spends some time into his world, then you can be able to trade for short time and finally day trading. Day trading is very profitable but more risky than any other investment. I will start day trading when I am capable of day trading.

True, short term trading will require us to have a good knowledge related the coins we trade. Other than that, it require us to be able to make fast and good decision when to buy and when to sell. To gain such skills required experience and learning process long enough.

genolica

jr. member

Activity: 121

Merit: 7

◆ SHREW ◆ Discounted Pre-Sale

I bet that hodling anything makes you many money. I believe that this thing is the best. Try hodling. You won't suffer from getting burnt by day trades.

xitrum

member

Activity: 392

Merit: 10

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

I think that at this point you should only trade short-term by day and should not invest long-term, you can see that bitcoin prices are recovering in recent days but can see that the recovery force is very weak and In long term, bitcoin prices are still bearish. I believe that you should only trade short to minimize risks as bitcoin prices can be reduced at any time.

ronsaldo

member

Activity: 217

Merit: 17

Because of the dump in the price of bitcoin (btc), at first I was think that i will hold my bitcoins but it comes to my mind that if I am going to hold, no more profits will I make in each day. SO, I finally decided that the remaining bitcoins I have will be used for day trading, so that I can acquire losses or profits in each day.

aTriz

hero member

Activity: 1232

Merit: 683

Tontogether | Save Smart & Win Big

Quote from: financialgoal on June 08, 2018, 02:00:56 PM

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.

For me the best way is day trading because it is the most vital way of making profits on daily basis. After day trading, short term trading is good and long term investment comes at the end. For trading experience needed. If you are beginner then you should invest for long term because day trading and short term investment is not for beginners.

coinfinger

sr. member

Activity: 1638

Merit: 278

Quote from: MMA on June 11, 2018, 04:16:08 PM

Quote from: Caelanpelley on June 09, 2018, 06:52:50 PM

The bitcoin market has gradually recovered. But an important issue that the BTC and the rest of the e-money market face is the low daily trading volume. Up to now, BTC's daily trading volume is still below $ 5 billion.

Actuatlly the investors are feeling some reluctant, therefore they are trying to avoid investing money in bitcoin for some time, but i am hopeful that they will very soon get their confident back and will again start investing money in bitcoin. i think that the volume is now gradually increasing which is a good news for the market.

Definitely, since the January of this year, we have been listening to such news that bitcoin is going to shoot up in the air but this is all just badass. We are still looking for better time on bitcoin. This time goes as well and time is passing by so fast. So people, don’t just lose your heart in bitcoin. A time is just about to come when you would be seeing such enormous feats of bitcoin.

boynamnhi

member

Activity: 308

Merit: 10

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.

I think that with a market that is constantly changing and difficult to predict, it is very difficult to trade successfully. Bitcoin prices are constantly decreasing and the price of altcoin drops dramatically. Therefore, you should trade short term trading at this time and do not invest long term risk will be very high.

ervinmadureri

member

Activity: 302

Merit: 10

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

At this point in time, I think you should only trade short-term, you can see that the market is in a bear market in the long run and bitcoin prices have fallen sharply over the past few days, Success and low risk are very difficult. In order to reduce the risk you should trade short-term bitcoin by date and always have a specific trade plan.

Domicbora

newbie

Activity: 81

Merit: 0

Quote from: Mak7im4ik7 on June 08, 2018, 02:29:57 PM

short trades are very risky. Beginners should start with long-term trading

Yeah you are right short term investment is not for beginners. Every new investor should start from long time investment. And when he spends some time into his world, then you can be able to trade for short time and finally day trading. Day trading is very profitable but more risky than any other investment. I will start day trading when I am capable of day trading.

bitcoinerjawa

member

Activity: 364

Merit: 10

I prefer to do daily trading with daily trading I can earn daily profit even though only a little at least I can benefit from the trading capital that I use.

ervinmadureri

member

Activity: 302

Merit: 10

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

The market in recent days is constantly fluctuating and bitocin prices are constantly falling, so I think and this time you should trade short term by day. I believe that the market is showing signs of recovery, so the bitcoin price will continue to fall deeply, so long-term investment will be very foolish, the risk will be very high if bitcoin prices fall deeply.

MMA

legendary

Activity: 1134

Merit: 1000

Quote from: Caelanpelley on June 09, 2018, 06:52:50 PM

The bitcoin market has gradually recovered. But an important issue that the BTC and the rest of the e-money market face is the low daily trading volume. Up to now, BTC's daily trading volume is still below $ 5 billion.

Actuatlly the investors are feeling some reluctant, therefore they are trying to avoid investing money in bitcoin for some time, but i am hopeful that they will very soon get their confident back and will again start investing money in bitcoin. i think that the volume is now gradually increasing which is a good news for the market.

ipanks

hero member

Activity: 1610

Merit: 507

Quote from: nelsledma on June 11, 2018, 02:25:04 AM

Quote from: ipanks on June 09, 2018, 07:27:54 AM

maybe you can use the strategy which I used to. sometimes, if the conditions in the market is like this, I try to buy whenever the price is down and then I will sell it with quick if I see the price increases even for just $10 but at least, I will wait until the price is increase more than $40 so I can get a nice profit. this works well for me and maybe you can try this too and I hope that you can make a good profit like what I did. oh by the way, maybe you need to check the order buy and order sell so you know where is the support buy and sell.

I don’t think so that there is any such way using which we can make a comparison in between long-term investment of money and short-term investment of money. It is because of the reason that both the things are entirely different and that there is nothing common in between then and that you need to have different skillset to deal with either of these. It is you who must make a choice by keeping all the things in your mind.

I know that my strategy cannot apply to the other people as they need to modify or make a new strategy but I hope that it can help them to get a new idea so they can solve their problem. maybe they need to find out by themselves about what strategy that they can use to make a profit and I am sure that if they can analyze the market, they can decide to hold btc or doing day trading or just short-term trading.

nelsledma

sr. member

Activity: 572

Merit: 250

Quote from: ipanks on June 09, 2018, 07:27:54 AM

maybe you can use the strategy which I used to. sometimes, if the conditions in the market is like this, I try to buy whenever the price is down and then I will sell it with quick if I see the price increases even for just $10 but at least, I will wait until the price is increase more than $40 so I can get a nice profit. this works well for me and maybe you can try this too and I hope that you can make a good profit like what I did. oh by the way, maybe you need to check the order buy and order sell so you know where is the support buy and sell.

I don’t think so that there is any such way using which we can make a comparison in between long-term investment of money and short-term investment of money. It is because of the reason that both the things are entirely different and that there is nothing common in between then and that you need to have different skillset to deal with either of these. It is you who must make a choice by keeping all the things in your mind.

Lazada

sr. member

Activity: 686

Merit: 250

Quote from: kimmali on June 09, 2018, 08:43:29 PM

It's good that you already have learned your lesson since day trading is really a hard game for everyone. Like other traders say, it requires certain skills and strategy. I'm not a big fan of trading,however, i prefer long term trading. Long term trading is less risky compare to day trading. Long term trading and day trading have this common basic rule that every investor follows: buy at its lowest price,sell at its highest price. that's the key.

I would like to say that day trading is a much safer thing, just imagine that with long-term trading we do not know what will happen. although much speculation says that prices will increase, but in reality that does not happen and that is a speculation. Doing day trading is actually much safer because we always take the deal when the price increases. it does not matter when the price increases 1% then it is enough rather than having to wait a long time and there is no certainty can get a lot of profit.

kimmali

member

Activity: 113

Merit: 10

It's good that you already have learned your lesson since day trading is really a hard game for everyone. Like other traders say, it requires certain skills and strategy. I'm not a big fan of trading,however, i prefer long term trading. Long term trading is less risky compare to day trading. Long term trading and day trading have this common basic rule that every investor follows: buy at its lowest price,sell at its highest price. that's the key.

ohkkstaaahp

member

Activity: 378

Merit: 10

“The Premier Digital Asset Management Ecosystem”

Quote from: Caelanpelley on June 09, 2018, 06:52:50 PM

The bitcoin market has gradually recovered. But an important issue that the BTC and the rest of the e-money market face is the low daily trading volume. Up to now, BTC's daily trading volume is still below $ 5 billion.

As I predict that BTC will not be as hot as before, today's market is going down, proving that the market will fall sharply in the future, according to recent statistics, the transaction places are trading volume BTC decreased dramatically. It shows that the risk in electronic money is high and has not attracted as many people as before

Topic: Holding BTC vs Day trading or short term trading. - page 4. (Read 2820 times)