Long term is less stressful. Any alts that lack the fundamentals and are only good for being volatile enough for daytrading, are likely too risky to hold regardless of timeframe.
Also note that it's easy to make money with daytrading and alts during a bull market. If we are back in an upward trends there may be some profits to be made, but if the bear market continues you're more likely to lose money on alts rather than to gain some.
Topic: Long term vs. short term investing - page 31. (Read 2237 times)
I tried daytrading back in the day. At first I was making good profit, then with just a few bad trades I broke even, and sort of ended up wasting a whole day on trading. Never again. It's really just not for me, so I end up doing semi-long term trading instead(weekly trades).
If you like staring at charts all day and go crazy, then day trading might be for you.
If you like staring at charts all day and go crazy, then day trading might be for you.
If the investment is long or short,it'll be profitable.It'll depend entirely on themselves that the investment will be short or long.In the long investment,there is savings for future and profit is more.On the other hand,profit is less in the case of short investment and there is nothing for future security and needs.In my opinion,long investment is better than short investment.
It is better to be a long term investor than a short term. Usually short term investors will look at their wallets every day and they will panic quickly when the prices go down so they will sell
It depends on what you want. If you want a quick small profit, you can trade on altcoin. Bitcoin is good for both but I prefer bitcoin on a long time hodl, it is more profitable and at least with 70% chance of not losing your investment on the long term.
Hello my dear Bitcoin brothers.
I would like to ask you about your experience with day/swing trading vs. long term investing and also,
what was more profitable for you and what are pros and cons for both ways of trading?
This question interests me since market is very volatile and it can get quite easy to exploit daily range for a quick small profit.
Thank you fellas.
I would like to ask you about your experience with day/swing trading vs. long term investing and also,
what was more profitable for you and what are pros and cons for both ways of trading?
This question interests me since market is very volatile and it can get quite easy to exploit daily range for a quick small profit.
Thank you fellas.
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