What do you do with your crypto? - page 12.

19spawnfeed

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Quote from: Opnsrc on March 09, 2018, 07:12:16 AM

Quote from: cosgui on February 13, 2018, 08:44:07 AM

I mostly mine and hodl, but my friend day trades and says I should start getting into it. What do you prefer to do and do you think there is a better route to take? I personally think it's all up to personal preference, I'm new though.

It seems to me that trading is a very risky business even with small amounts of coins. If you want to trade then use the fiat currencies. They are more stable and predictable. It is worth to invest in cryptocurrency. That’s true way.

Holding and selling bitcoin depends on the situation, if the value of the bitcoin is high then i sell it but if it is to low it's depends on the situation. What if I need that bitcoin to support my daily needs? then there's no reason I hold it, im still sell my bitcoin even in a low value to support of my daily needs and to my family.

Opnsrc

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Quote from: cosgui on February 13, 2018, 08:44:07 AM

I mostly mine and hodl, but my friend day trades and says I should start getting into it. What do you prefer to do and do you think there is a better route to take? I personally think it's all up to personal preference, I'm new though.

It seems to me that trading is a very risky business even with small amounts of coins. If you want to trade then use the fiat currencies. They are more stable and predictable. It is worth to invest in cryptocurrency. That’s true way.

sana54210

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Quote from: 00DKM@ on February 13, 2018, 08:48:05 AM

Quote from: cosgui on February 13, 2018, 08:44:07 AM

I mostly mine and hodl, but my friend day trades and says I should start getting into it. What do you prefer to do and do you think there is a better route to take? I personally think it's all up to personal preference, I'm new though.

Depending on the type of altcoin I would decide to hold or sell them. I will analyze that altcoin, if in the future, I anticipate they will rise, I will hold and wait for higher prices in the future. And if altcoin prices go down, I'll sell them. So I have not answered your question. There are a lot of factors for you to grasp between or sell crypto.

Indeed. It also depends on the kind of altcoins that you hold whether they are some good project to hold for long term or they are just some temporary projects that don’t seem to have a brighter future. If you have some good altcoins such as NEO,XRP,XMR,TRX and so on, I would suggest you to hold for a span of atleast a year to get some significant gains from it.

But if you hold some coins that don’t have a great project and are neither doing so well, I would suggest to sell and get out of it as soon as you reach some point of profit. Holding, trading and sell everything depends on the types of altcoins you hold and their potential.

bitgolden

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Quote from: kucritt on February 13, 2018, 09:03:58 AM

what im thinking about my cryptos? i think my cryptoa is like secondary income, i can get some money with trading and doing some campaign in bitcoin forum and the market. so i think i love about my crypto. and i think the price of my crypto is not matter

Bitcoin is surely the secondary source of income for many people, but some people make it their primary source of income, which might actually prove them dangerous when the market is more volatile at times. I would suggest people to see it only as an investment and secondary source of earning some extra money rather than making it primary.

In this way you remain on the safe side even when market crashes or remains volatile and unstable. Bitcoin must be used as an asset and not as a currency or be considered as a job to earn money. After all its just a store of value.

gurunanakji777

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I do trade as well as hold. I always try to hold my bounty coins but airdrop coins I usually sold when they pumped up. On the other hand sometime if I see price is good I sell my 25℅ coins and hold 75℅ for long term. I don't believe to sell all coins at once. I think day trading is not easy until and unless you have a good knowledge of the market otherwise you can do long-term trading and if you are consistent in trading then you can try day trading.

rexter

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I do holding with my crypto and always do the right way to gain good profit,i always monitor my portfolio how cryptocurrency going on and do a lot of bounty to earn more cryptocurrency with the right and legitimate ICO.

zynan

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In my case i'm holding it because some of my crypto coins has no value yet. I mostly got my coins from airdrops and bounties. I used to day trade some of my coins that I have on exchange markets but because of the red market today, I'm not on trading now, I just keep and hold my coins and just wait for it to moon.

yudhistira

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Quote from: cosgui on February 13, 2018, 08:44:07 AM

I mostly mine and hodl, but my friend day trades and says I should start getting into it. What do you prefer to do and do you think there is a better route to take? I personally think it's all up to personal preference, I'm new though.

I personally cash out a percentage of what I get from the crypto market.I invest in some new coins and hold those who think that have a great future.

Shogun1011

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Quote from: aardvark15 on March 08, 2018, 05:06:06 PM

Quote from: cosgui on February 13, 2018, 08:44:07 AM

I mostly mine and hodl, but my friend day trades and says I should start getting into it. What do you prefer to do and do you think there is a better route to take? I personally think it's all up to personal preference, I'm new though.

I used to trade a lot but I have found that much of the time it’s just as good to hold. Also with new tax laws, there is a lot of book keeping that is supposed to be done to track all of the trades and to me I don’t think it’s worth it.

Life is much simpler to just hold for a few years and then cash out for a decent profit. We are getting in early enough that we can see big profits from holding.

You aren't kidding with all the bookkeeping work. I have a couple clients that are heavy into crypto investing (I'm an accountant), and even with my knowledge of accounting, it's still tough to keep up with all the trade conversions when these guys are super actively trading.

aardvark15

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Quote from: cosgui on February 13, 2018, 08:44:07 AM

I mostly mine and hodl, but my friend day trades and says I should start getting into it. What do you prefer to do and do you think there is a better route to take? I personally think it's all up to personal preference, I'm new though.

I used to trade a lot but I have found that much of the time it’s just as good to hold. Also with new tax laws, there is a lot of book keeping that is supposed to be done to track all of the trades and to me I don’t think it’s worth it.

Life is much simpler to just hold for a few years and then cash out for a decent profit. We are getting in early enough that we can see big profits from holding.

passwordnow

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What I do with my crypto is holding it and trading it. I don't have any use for it as of now. I don't intend to use them for purchasing but I have plan of buying more of it with my own fiat.

rmel0924

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For me I will invest it in a reputable investment firm, some of it will go to trade becausw of it hits huge profit can be obtain. Its best to make a business in any areas.

Shogun1011

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Quote from: fabrizoc on March 08, 2018, 04:31:34 AM

Quote from: dobladi on February 13, 2018, 08:47:32 AM

Quote from: cosgui on February 13, 2018, 08:44:07 AM

I mostly mine and hodl, but my friend day trades and says I should start getting into it. What do you prefer to do and do you think there is a better route to take? I personally think it's all up to personal preference, I'm new though.

Preference on how will you make profit out of crypto depends on the user itself. Trading in my opinion is a bit risky unlike investing especially with bitcoin where profit has a more chance to be earned due to the high demand on the market. But the best thing to do is to try all of it and see it for yourself.

Yes, you can find it out by trying everything such as trading, mining and investing. The one that suits you the best must be your choice. In my opinion, we never learn until we lose some of the amount while trying to do different stuffs. Once we lose some amount, we next time be more careful and do research and analysis before taking any decision in the world of crypto market. If you are much of a risk taker, you can do day tradings. Just remember, whatever you do, patience is the key to success and profit.

Very wise words... patience is the key to success and profit. I like to think about the stories I've heard where people bought bitcoin a long time ago, forgot about it for many years and/or didn't pay attention to the market, and then cashed out when bitcoin hit the news and was surging. The people that made out in the end were the ones that just let the market do it's thing and grow. They didn't freak out when the market dipped...becuase they didn't know about it. They just Hodl and the market naturally appreciated.

I've purchased tokens that I expect to hold onto for years to come. Lol...probably because I can't stand the emotional stress of day trading (haha)

supercanada1

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Quote from: CryptoMoar on March 08, 2018, 04:02:23 AM

I will use my crypto as an investment tool. if the crypto price goes up I will sell it and part of the proceeds from the sale I will use for trading. and I would use to create new businesses that can create new jobs.

This is also one of the major advantages of investing in more than one coins because its not a downfall of all the coins at a time, so you always get a room to trade somewhere in the green market. But still when with the bitcoin, the red market is not that much to worry about because in the end, you always get the profit because the originality of bitcoin is not challenged yet. There are issues in some of the altcoins so before you iest in any of them, make sure that you are not being trapped.

fabrizoc

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Quote from: dobladi on February 13, 2018, 08:47:32 AM

Quote from: cosgui on February 13, 2018, 08:44:07 AM

I mostly mine and hodl, but my friend day trades and says I should start getting into it. What do you prefer to do and do you think there is a better route to take? I personally think it's all up to personal preference, I'm new though.

Preference on how will you make profit out of crypto depends on the user itself. Trading in my opinion is a bit risky unlike investing especially with bitcoin where profit has a more chance to be earned due to the high demand on the market. But the best thing to do is to try all of it and see it for yourself.

Yes, you can find it out by trying everything such as trading, mining and investing. The one that suits you the best must be your choice. In my opinion, we never learn until we lose some of the amount while trying to do different stuffs. Once we lose some amount, we next time be more careful and do research and analysis before taking any decision in the world of crypto market. If you are much of a risk taker, you can do day tradings. Just remember, whatever you do, patience is the key to success and profit.

SHAWN-MIDWAYS

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Quote from: cosgui on February 13, 2018, 08:44:07 AM

I mostly mine and hodl, but my friend day trades and says I should start getting into it. What do you prefer to do and do you think there is a better route to take? I personally think it's all up to personal preference, I'm new though.

Hodling is on most cards for everyone which comes natuarally for using cryptos. But I use my coins in many different ways use it for everyday transactions like mobile credit, grocery and other necessities, then being crypto I use it to reinvest by purchasing tokens from ICOs and sometimes I day trade depending on how the market is performing.

Manuj

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Quote from: cosgui on February 13, 2018, 08:44:07 AM

I mostly mine and hodl, but my friend day trades and says I should start getting into it. What do you prefer to do and do you think there is a better route to take? I personally think it's all up to personal preference, I'm new though.

Your preference perfectly suits your circumstances right now. It is actually difficult to day trade if you are still a newbie. Hodling is the much better option for you. But of course you should not just be contented with pure holding if you are really interested to learn day trading. You have to study it and try it. Sooner, when you already acquired the necessary skills, you will be earning more through active trading.

pekavcilar01

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I keep some of the coins in my hands for investment purposes.

I'm buying and selling with Eth.

The prices are so low, I've hurt. We'll wait and see.

Biastar

newbie

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Quote from: cosgui on February 13, 2018, 08:44:07 AM

I mostly mine and hodl, but my friend day trades and says I should start getting into it. What do you prefer to do and do you think there is a better route to take? I personally think it's all up to personal preference, I'm new though.

You should be the one to decide on how to deal with your assets, in this case, crypto.
If you ask me, I'll just let it stand, wait for prices to come up. Given that this is a good coin - ok?
Trading is just to risky for me in my opinion. Cause a know a little, next to nothing about it.
So if you are clever enough and experienced, you can join trading. but for me I'll just hold it.

Indah_twin

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although I still have crypto though not how. but I will continue to hunt and gather it. to achieve my dream to go to a bright future .because I want to prove to everyone. especially people still do not believe the bitcoin digital world. it's really a very lucrative business field. and promise .

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