Depends on how much time you have.
When you hold you do your research , then you buy and wait.
With trading you invest and you have to keep track of it every day but you can make money everyday.You have to ask yourself can you handle the stress of losing a lot in one day?
Topic: Shall I be a hodler or day trader? Give me some advice! (Read 805 times)
It really depends on
1) your available time - it's a job like any other
2) your knowledge of trading and analysis
3) the type of coin
Some coins are built with the hope of being the next bitcoin. I actually wrote an article about it here (it's short, takes only a few minutes to read) -> https://medium.com/@ludovic.vuillier/the-coin-that-wont-make-you-rich-dd3cf218430a
I'd love your feedback on it and good luck!
1) your available time - it's a job like any other
2) your knowledge of trading and analysis
3) the type of coin
Some coins are built with the hope of being the next bitcoin. I actually wrote an article about it here (it's short, takes only a few minutes to read) -> https://medium.com/@ludovic.vuillier/the-coin-that-wont-make-you-rich-dd3cf218430a
I'd love your feedback on it and good luck!
Hi guys,
I am considering whether I should be a coin holder, buy tokens and holder them for a long time or whether I shall be a day trader, trade coins on daily basis. If you are a day trader, what is the factor that force you to buy a specific coin? Is is an announced event, burn, conference? What is it?
Invest your money to low-priced coins but with high market cap, and hold it. Trading coins on daily basis is not good especially at this time. A lot of coins and tokens are being offered by ICOs, and some people would try to invest to them. That will leave the altcoins to be stable at the moment. But after these ICOs are done, expect the altcoins price to rise up. I also recommend you to invest on altcoins like Ripple, NEM, and Steem. These three have low value as of now (so you can buy more of these coins), they have high market cap (ripple on 3rd, NEM on 7th, and Steem on 18th), and they have the potential to become more valuable in the coming years.I am considering whether I should be a coin holder, buy tokens and holder them for a long time or whether I shall be a day trader, trade coins on daily basis. If you are a day trader, what is the factor that force you to buy a specific coin? Is is an announced event, burn, conference? What is it?
you should conduct research and research to find out the answers you want. for me, I have done what you say. this is speculation in the form of investment or trade.
Do both and you will see what do you like most.
It depends on what time can you give in making money if you can give all day then being a day trader suits you for you can observe and monitor the market at all times, but not all people can give all his time to trading so you can do a partial holding and trading or a full holding of coins investing is also good you can minimize the risk by having few trades.
i prefer to be a long term holding, although i invest mostly in ico is where you are mostly going to see 10x,20x. in 3 month - 6 month period. day trading is too emotional to me, it makes you lose money
This is because day trading is more like gambling without limits. We don't know when we might get burnt. But we can still ride the wave with a proper stop loss to prevent further losses.Large amount of money is needed to day trade or it is not worth the time spending on it.
It is all depend on what coin you got and how good is your skill in trading, if you want to take a safe step then just hold and pay attention to the coin, alt coin got a very high volatility, one minute is up the other minute can drop, but if you are a very good traders, it's better to daytrade because you can get a lot of profit
Both decision have positive and negative consequences! If you day trade you will be expose to uncertainties of trading. Day trade may not be profitable in the long run except you load a lots of cash. Hold could also make you to lose opportunities!
you should do both! trade coins that you buy at a lower price (on a presale or ICO) and sell them when the hyp is high. then if you find a few projects in which you see a real future, try to keep at least half your tokens because you never know how much the value could increase!
it's hard daily work. Watch the news, choose coins, analyze for prospects. It is necessary to be stress-resistant. Such work is suitable as a time for a certain period of life. Earn capital, which can then be invested and with income from investment to live in pleasure
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Hi guys,
I am considering whether I should be a coin holder, buy tokens and holder them for a long time or whether I shall be a day trader, trade coins on daily basis. If you are a day trader, what is the factor that force you to buy a specific coin? Is is an announced event, burn, conference? What is it?
I think you should be a trader, hodler will not make anyone rich though in my own opinion hodlers make the flow of coins stagnant which makes the coin's price lower, so i think with trading , you are helping the coin to grow and be active while having the possibilities of earning more. I am considering whether I should be a coin holder, buy tokens and holder them for a long time or whether I shall be a day trader, trade coins on daily basis. If you are a day trader, what is the factor that force you to buy a specific coin? Is is an announced event, burn, conference? What is it?
Hi guys,
I am considering whether I should be a coin holder, buy tokens and holder them for a long time or whether I shall be a day trader, trade coins on daily basis. If you are a day trader, what is the factor that force you to buy a specific coin? Is is an announced event, burn, conference? What is it?
For me i bought any coin when enter the market and volume of the coin is high. Its telling me the coin is supported by many trader. But this is just newbi opinion.I am considering whether I should be a coin holder, buy tokens and holder them for a long time or whether I shall be a day trader, trade coins on daily basis. If you are a day trader, what is the factor that force you to buy a specific coin? Is is an announced event, burn, conference? What is it?
It depends on you look at yourself first if you are good at trading or holding because holding is not easy as saying just hodl! I don't think holding is the best. It is sure that some people make a lot of money from trading, why don't you be one of them
i prefer to be a long term holding, although i invest mostly in ico is where you are mostly going to see 10x,20x. in 3 month - 6 month period. day trading is too emotional to me, it makes you lose money
For me i prefer long term trading means to be coin holder since Now i have no much time to do day trading. If you only focus on trading without offline job, means you have more time then better you do daily trading. So you how much you win or lost in daily basis.
at the moment I try to ne a daily trader
but it takes rather more than 8 hrs per day
rather entertaining, but I am a bit tired
now I think over just holding some valuable projects
but it takes rather more than 8 hrs per day
rather entertaining, but I am a bit tired
now I think over just holding some valuable projects
You surely should be long term holder if you don't have mountains of money already.
Day traders in the world do it for daily thousand dollars. You can never win something like that using 5000 dollars or something.
Day traders in the world do it for daily thousand dollars. You can never win something like that using 5000 dollars or something.
it's best to forget day trading. i don't know where the idea it was easy came from, but it certainly is not.
most people will throw their money away in no time. even if you keep your head above water it'll dominate your life and you could lose it all in a few moments if you're not sensible.
with most coins if you'd bought them at the start of the year and done nothing you'd be sitting on truly insane profits. day trading's an increbible amount of effort with massive potential downsides.
I couldn't agree more about daily trading being too hard, risky and useless. Surely if one needs regular income from investments then daily trading is appropriate, but getting good profit is a lot easier when you are investing in a good coin long-term. With time, most of top cryptocurrencies grow in price and so the profit is almost guaranteed. Surely you'd better keep track on the prices anyway and check the news if your coin suddenly drops, but it's still a lot easier and requires less risk. most people will throw their money away in no time. even if you keep your head above water it'll dominate your life and you could lose it all in a few moments if you're not sensible.
with most coins if you'd bought them at the start of the year and done nothing you'd be sitting on truly insane profits. day trading's an increbible amount of effort with massive potential downsides.
Hi guys,
I am considering whether I should be a coin holder, buy tokens and holder them for a long time or whether I shall be a day trader, trade coins on daily basis. If you are a day trader, what is the factor that force you to buy a specific coin? Is is an announced event, burn, conference? What is it?
I am considering whether I should be a coin holder, buy tokens and holder them for a long time or whether I shall be a day trader, trade coins on daily basis. If you are a day trader, what is the factor that force you to buy a specific coin? Is is an announced event, burn, conference? What is it?
if you can do day trader then its good but if you can not selling at the price now, i think be a hodler is good so you can wait the price is back increase again. i think its not force me but i want to buy the coins after doing some research for each coins. i think if you want to do day trader then you should always check each coins so you can choose the right coins and you can sell it after you buy to make profit but its not easy because sometimes the coins can not increase soon after we bought.
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