The first thing you are told to decide when you are going to jump into trading the bitcoin market is your attitude when it comes to investing. Do you want to make money fast? Do you think that bitcoin is the future and holding it long term is the best option? By understanding your investment period, you can find out which trading strategy is more suitable for your needs. If you're someone who thinks bitcoin could be worth millions someday, then you're probably going to stick with a long-term strategy. If you only intend to profit from bitcoin price movements, this is very suitable if you use a short-term strategy.
In my experience, I think this depends on each other's perception because it is possible for some people to use a trading strategy, both for daily trading and for scalping, but I think if you look at it from the side of long-term investors, it doesn't really matter because Indeed, what I see from long-term investors is that they don't really care about temporary corrections and don't really care about increases and decreases in the daily timeframe, they only focus on long-term prospects that are indeed their target, whether it's 5 years or 10 years. they are just aiming there not caring about the ups and downs because they believe the long term is very good. 
Topic: What is better - cryptocurrency trading or investing? - page 13. (Read 4351 times)
I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?
For me, it is your strength and understanding of day trading that keeps you doing that process. Day trading is not such an easy thing because I believe that there's is a lot to understand before you can successfully day trade if you have to succeed in it. Sometimes, Investors are lucky placing trades and taking profits and thinking that is all that it is. On the other hand, you can buy or invest in Bitcoin for the long HODL and will most definitely make profits if you are really patient and even this requires you to have a bit of knowledge of the market on when to buy which can always give you a better leverage on profits over time. 
I tried day trading many times but it wasn't much profitable for me and it was taking my time really a lot. I thought that it was not worth it as a result and stopped doing it. And I directly started to make regular investments like for a short term or long term. And I have realized that I can make much more profit compared to day trading especially in a long term. Now, I'm a long-term investor the most and my first choice is BTC. When I want to make short term investments, I choose top altcoins the most.
And there is nothing wrong with that, the profits that you can make with day trading are in theory higher but you need to deal with a lot of issues which severely diminish the chances that you are going to get any profits, like the fees, taxes, slippage and the greater amount of mistakes that you will make due to the higher degree of difficulty that trading represents, however while investing brings less profits on average at the same time is easier and this is more than enough to have way more successful investors than traders.
I tried day trading many times but it wasn't much profitable for me and it was taking my time really a lot. I thought that it was not worth it as a result and stopped doing it. And I directly started to make regular investments like for a short term or long term. And I have realized that I can make much more profit compared to day trading especially in a long term. Now, I'm a long-term investor the most and my first choice is BTC. When I want to make short term investments, I choose top altcoins the most.
I have tried being a day trader and an investor both to see the difference between them. I can summarise my experience like this. When you are a day trader, you can't make nice amount of money unless you invest a very high amount of money. Because in a day, there is not a huge change in the price generally. As long as you have a little amount of money, you will get almost nothing.
On the other hand, being a HODLer for example, is very advantageous in the long run. I tried it by setting a price goal to sell. When I achieved my target, I made a great deal of profit. I don't know in how much time I would get the same amount of money while being a day trader.
You need to also take into account that each trade that you make is a taxable event in many countries so you are supposed to pay taxes on each winning trade that you make reducing your profits even further, while when you hold your coins the opposite happens and if you hold for more than one year in many countries this makes those profits you get when you sell to be exempt of any tax, which makes holding even more attractive than trading. On the other hand, being a HODLer for example, is very advantageous in the long run. I tried it by setting a price goal to sell. When I achieved my target, I made a great deal of profit. I don't know in how much time I would get the same amount of money while being a day trader.
I prefer to invest than trade where I often feel pressured when the coins I have are sold an price a coin go high
if i invest i just wait for the right time when i take profit without any stress
yes, me too. invest is good especially for a long term and less hassle. But we just need to be careful on where to 'invest to avoid scammer. So that it is worth it to wait and risk our investments. But still trading and investment have advantages and disadvantages. Both have limitations so if you are a good trader then trade then if you want to invest then go. It also matter of timing on when to trade and invest. if i invest i just wait for the right time when i take profit without any stress
I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?
Well it sounds good if you will grab the two options if you have enough money to sustain this as your capital, all depend on your capital that is willing to take a risk. I will rather choose the two, investing and hold it for a long period of time and set aside a small portion of the money, and do trading. These two options are acceptable and profitable in the future, the problem now is how you will manage your investment and trading, you should know at least the market regarding this matter. However, if you really choose between the two options, investing is more secure but getting profit will perhaps take time too. I have tried crypto trading, like day traders and i have also tried investing for long terms and let me tell you that as a naive i have lost money in trading while made money in investing.
But another trader will tell you that what you just say above is false. There is high tendency that you didn't study the popular guide before venturing into trading.
Trading has work for me but for long and short term and investing as holding coin for eternity is always difficult, you keep watching your portfolio making moves that trigger your emotions everytime. Even when I don't intend to watch my wallet, I always end up viewing the gains and loss.
I have tried being a day trader and an investor both to see the difference between them. I can summarise my experience like this. When you are a day trader, you can't make nice amount of money unless you invest a very high amount of money. Because in a day, there is not a huge change in the price generally. As long as you have a little amount of money, you will get almost nothing.
On the other hand, being a HODLer for example, is very advantageous in the long run. I tried it by setting a price goal to sell. When I achieved my target, I made a great deal of profit. I don't know in how much time I would get the same amount of money while being a day trader.
On the other hand, being a HODLer for example, is very advantageous in the long run. I tried it by setting a price goal to sell. When I achieved my target, I made a great deal of profit. I don't know in how much time I would get the same amount of money while being a day trader.
The first thing you are told to decide when you are going to jump into trading the bitcoin market is your attitude when it comes to investing. Do you want to make money fast? Do you think that bitcoin is the future and holding it long term is the best option? By understanding your investment period, you can find out which trading strategy is more suitable for your needs. If you're someone who thinks bitcoin could be worth millions someday, then you're probably going to stick with a long-term strategy. If you only intend to profit from bitcoin price movements, this is very suitable if you use a short-term strategy.
While this is important at the same time this is just the beginning, after all we must understand that even if we would like to become an investor or a trader that does not mean that we actually have what is necessary to become one, maybe you want to become an investor but you realize that you have great talent to trade the markets and no patience to hold for the long term, in that case it is better to become a trader instead of a long term investor as you have more chances of making money that way.remain the same, you are here trying your luck to earn decent compensation. Whether it's trading or investing you alone can decide.
Many failed during their short stay as they did not work well with how they should treat this field of business.
I prefer investing because I find it easier to do it than to trade, and I don't think there's anything wrong with choosing just to learn which one is more suitable and you are proficient between the two.
and when I'm in this industry I try to find out how it works and the time it takes, and in my opinion trading is not an easy thing and time is the most important thing because doing it must be full time and also must be proficient in choosing the right coin for trading and also profitable, and there are many other things that need to be studied properly for maximum results.
I finally chose to invest because my main reason is because I have a steady job and also mind so there is no time if I choose to trade, investing doesn't interfere with real work I only buy it when the price is low and hold it for the long term.
so in my opinion choose both depending on the situation and mastery of which is more, to produce good results and will be more profitable if both are done, and provided that both are your core work and you also have plenty of time for both.
and when I'm in this industry I try to find out how it works and the time it takes, and in my opinion trading is not an easy thing and time is the most important thing because doing it must be full time and also must be proficient in choosing the right coin for trading and also profitable, and there are many other things that need to be studied properly for maximum results.
I finally chose to invest because my main reason is because I have a steady job and also mind so there is no time if I choose to trade, investing doesn't interfere with real work I only buy it when the price is low and hold it for the long term.
so in my opinion choose both depending on the situation and mastery of which is more, to produce good results and will be more profitable if both are done, and provided that both are your core work and you also have plenty of time for both.
I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?
Bitcoin is very good for a long term trade since every 4 yrs the value of bitcoin never stop rising. I suggest you not to stick with just one coin because there are lot of altcoins there that is also valuable to hodl for a long term like ADA, ripple and ethereum. Proper timing will give you more profit so goodluck.
things like that not only apply when investing but when trading too,
every coin has a chance to make a profit but we must be able to choose exactly which coin is really promising
The first thing you are told to decide when you are going to jump into trading the bitcoin market is your attitude when it comes to investing. Do you want to make money fast? Do you think that bitcoin is the future and holding it long term is the best option? By understanding your investment period, you can find out which trading strategy is more suitable for your needs. If you're someone who thinks bitcoin could be worth millions someday, then you're probably going to stick with a long-term strategy. If you only intend to profit from bitcoin price movements, this is very suitable if you use a short-term strategy.
While this is important at the same time this is just the beginning, after all we must understand that even if we would like to become an investor or a trader that does not mean that we actually have what is necessary to become one, maybe you want to become an investor but you realize that you have great talent to trade the markets and no patience to hold for the long term, in that case it is better to become a trader instead of a long term investor as you have more chances of making money that way.really be needing some effort for you to make money so its up to someone on which one would really be effective or do really have the passion for them to do so.
Its your choice on which one you should choose and stick on what gives you benefit or the one you are comfortable with on dealing.
The first thing you are told to decide when you are going to jump into trading the bitcoin market is your attitude when it comes to investing. Do you want to make money fast? Do you think that bitcoin is the future and holding it long term is the best option? By understanding your investment period, you can find out which trading strategy is more suitable for your needs. If you're someone who thinks bitcoin could be worth millions someday, then you're probably going to stick with a long-term strategy. If you only intend to profit from bitcoin price movements, this is very suitable if you use a short-term strategy.
While this is important at the same time this is just the beginning, after all we must understand that even if we would like to become an investor or a trader that does not mean that we actually have what is necessary to become one, maybe you want to become an investor but you realize that you have great talent to trade the markets and no patience to hold for the long term, in that case it is better to become a trader instead of a long term investor as you have more chances of making money that way. I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?
Bitcoin is very good for a long term trade since every 4 yrs the value of bitcoin never stop rising. I suggest you not to stick with just one coin because there are lot of altcoins there that is also valuable to hodl for a long term like ADA, ripple and ethereum. Proper timing will give you more profit so goodluck.
things like that not only apply when investing but when trading too,
every coin has a chance to make a profit but we must be able to choose exactly which coin is really promising
Cryptocurrency investment and cryptocurrency trading are two very popular means of making passive income. Many people prefer either of these two mediums Again, many people use both means as a means of earning. However, cryptocurrency trading is a favorite of mine.
There are ways to obtain passive income and they are quite profitable for example having a Divi Masternode, it has five levels and one can choose the most convenient or Staking that is cheaper.
If I'm to choose a masternode, I'll choose other than what you've suggested. The investment needed for that masternode is quite high and expensive.That's why I'll choose other cryptocurrencies that are very adjustable through staking and not through masternode.
I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?
Bitcoin is very good for a long term trade since every 4 yrs the value of bitcoin never stop rising. I suggest you not to stick with just one coin because there are lot of altcoins there that is also valuable to hodl for a long term like ADA, ripple and ethereum. Proper timing will give you more profit so goodluck.
I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?
Bitcoin is very good for a long term trade since every 4 yrs the value of bitcoin never stop rising. I suggest you not to stick with just one coin because there are lot of altcoins there that is also valuable to hodl for a long term like ADA, ripple and ethereum. Proper timing will give you more profit so goodluck.
This is my take on the subject - trading doesn't make sense with assets, which are likely to go up considerably in the future. With such assets, the long term investment strategy needs to be followed. On the other hand, there are coins such as Dogecoin and Ripple, for which the long term potential is in doubt. You can try these coins for trading. If you sell Bitcoin at some point, then there is a good chance that the price would go up within a short period of time and you will be forced to buy back at higher prices.
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