Topic: What is better - cryptocurrency trading or investing? - page 24. (Read 4394 times)
Both are actually profitable and your profit will depend on your patience and skills on how to deal with every market situation. You could allocate funds for your holdings and some for trading so you'll have a continuous source of profit while holding for a long term at the same time. Holding BTC could double or even triple your funds when the price strikes high but it requires a lot of patience.
As per my experience, both are great if OP has the proper knowledge of FA and TA. Also, OP can do the both crypto trading and investing into bitcoin. For an example, all profits can be converted into bitcoin for long time hodling and continue the day trading as well. But investing into altcoins is quite risky as well as profitable according to the usecase of that projects. If knowledge about TA is lower than expected, than better to go for hodlings bitcoin for long term purposes, IMHO.
For my own opinion, I think trading is waiting and patiently buying low and selling high, but holding BTC for a long time is that you have to earn more to be able to wait for its price to go up and sell. , so I feel that both sides are profitable, but if you have the patience to hold the potential long-term coin, there is a higher possibility of profit than daily trading that sometimes loses.
both are methods for managing finances, but based on needs if you are trading Bitcoin for a short period of time. it will be very risky and not too big impact. Bitcoin to invest long term. while if you feel that daily trading will be very profitable, then at least use the second alternative that makes altcoins that must be traded.
Again, for Bitcoin, it will be more useful if you hold it for a long time.
Again, for Bitcoin, it will be more useful if you hold it for a long time.
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?
You have to follow what works for you and not to join the crawd because you can not deceive yourself. Trading is not easy for everyone out there and if you don't have passion to learn it don't go into it. With trading you can continuously lose part of your capital in btc and or all but for hodling it, you don't have any fear to have because it will rise again to profit.
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?
In cryptocurrency, no one can ever say that there will be profit. But it is better to trade by understanding the market. It will be profitable and it may be lost again.However, Bitcoin will one day be converted into the prevailing currency. Bitcoin has become a popular currency.
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?
From my own ideas concerning bitcoin, holding any cryptocurrency or bitcoin is base on personal objectives, and it's good to hold a coin for long periods when you are financial buoyant enough to the extent the capital use to purchase bitcoin is not your challenge, because long period of holding coin can be of benefit of the Holder and also can be at lost side of a holder due to coin can depreciates any time and any hour, and when such happens it will definitely affects the Holders coin, so it's the disadvantages of holding a coin for long periods, shall from another perspective the advantages might be greater than the disadvantages, base on the time frame. 
Day trading is not always profitable, everyone has different trading abilities and results. You should evaluate your own portfolio.
Holding is profitable if you eliminate this one execution: cutloss. How profitable will depend on your decision to end holding time. Long time is flexible, your habit of doing day trading will challenge you to hold it where previously you always saw profit opportunities on daily volatility. Those thoughts will always bother you every day.
Holding is profitable if you eliminate this one execution: cutloss. How profitable will depend on your decision to end holding time. Long time is flexible, your habit of doing day trading will challenge you to hold it where previously you always saw profit opportunities on daily volatility. Those thoughts will always bother you every day.
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?
if you look back at history then if you have been a holder since 2016, you have made a much bigger profit than if you were a day trader since 2016 because none of your money has been lostbut it all comes back to you because this is just the result of my observations from many traders or holders
one more thing, just do what you feel comfortable with. do you prefer day trading or long term
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?
You have to follow what works for you and not to join the crawd because you can not deceive yourself. Trading is not easy for everyone out there and if you don't have passion to learn it don't go into it. With trading you can continuously lose part of your capital in btc and or all but for hodling it, you don't have any fear to have because it will rise again to profit.
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?
It is a good idea to hold bitcoin for a long time, but if you are a day trader, you can profit from bitcoin or altcoin trading so you will have a chance to make more profit. You can use your daily or weekly profit to buy your daily needs while you have a long-term investment that can grow your money value. But if you ask which is better: crypto trading or investing in crypto, that will depend on how you know about trading and investing. Some people are good at trading, but they do not invest, while others can hold their coins, but they do not have good skills in trading. If you have good skills and you can hold bitcoin for a long time, I am sure you will make a big profit in the future.
I am also a day trader but sometimes if we make a mistake in predicting with a significant error then it makes me have to hold it for so long to wait for hold even up to 1-3 years. and take some funds from savings for trading capital back and collect it back but the choice that has never made me wrong is to trade on the 10 safest coins on the exchange and never try new coins unless they are quite established and real
It depends on how much time you have and if you're actually using that time wisely (if you have it). Trading would probably be better since you have more chances to profit (and lose) money if you know how to do trading. Investing is more of a hodl option and most people use this when they have no time to actually day trade or they just don't want to trade in general. Day trading is more profitable since you take every opportunity, while hodling is more like a safe type of investment? Since you're waiting for that moment where Bitcoin booms and you exit out making a profit, though it takes quite a long time imo.
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?
Depends on your interest and capital since if you love to trade then provably you can multiply your traded coins in certain timeline you set but you need patience together with proper discipline to become a successful trader, but if you have a lot of money then hodling is also one of the best choice to do since if you look at the happenings on the market it proves for so many times that hodler always win the game and take home a big amount of cash when bull run happens.
For me personally, adding more and hodling works much better than actively trading. I tried trading before of course and I sucked at it, so instead buying low selling high, more often than not I ended up doing the exactly opposite thing due inexperience, ignorance and impatience.
Last time I tried to sell some BTC in order to rebuy when it goes down was back in 2019, and managed to loose like 5% of my BTC, and never tried anything similar ever again. My guess is that at least 95% of the people would end up having more BTC if they just hodl, instead getting into day trading
Last time I tried to sell some BTC in order to rebuy when it goes down was back in 2019, and managed to loose like 5% of my BTC, and never tried anything similar ever again. My guess is that at least 95% of the people would end up having more BTC if they just hodl, instead getting into day trading
Talking generally about any kind of cryptocurrency i am dealing with today for me I prefer investing and holding than trading for now. I mean i am waiting for a good chance to trade my crypto today and wait till the bearish month passed. There are some crypto now that is worth investing for I mean the market demand and market price soars high without being affected by the current market dropped or even bitcoins low price.
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?
I don't make myself guilty as I just hold Bitcoin for the long term. But to ask what is better and profitable? I could tell that investing is better and profitable, and aside from that, it was a lesser risky than doing trading. But it can be different with you mate. Well, I'm not good at trading that is why I choose to invest only. But if I know more about trading and really have the skills, I surely choose to trade...Maybe you should try by yourself to know where you are becoming great because not all of us walking on the same path.
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?
In the title you talk about cryptocurrency in general but then you talk about Bitcoin. As for Bitcoin do just buy and hold. It's not worth getting complicated with the most profitable asset of the last ten years. As for shitcoins, it surely makes more sense to trade but unless you have a lot of knowledge, as you may seem to have if you say you have been a trader, otherwise you are playing roulette.
My personal opinion about any kind of trading is that if you have anything that remotely works you will not ask this question and you will certainly will not publish a youtube video "showing others how easy it is", etc... (not that you have done, just example). Other than that, it is the fastest way to loosing your money. Most trading platforms have to include disclaimers such as "most of our clients take loses" and the like - you surely get the point. Investing in crypto, as such, is not that different from trading except that you will trade much less. The chances of success are slightly better.
But the main point is something else: investing in crypto should be taken as investing in venture capital. Very high rewards for just a few projects, 100% loss for most and extreme variability in results. The only difference is that you normally have liquidity.
But the main point is something else: investing in crypto should be taken as investing in venture capital. Very high rewards for just a few projects, 100% loss for most and extreme variability in results. The only difference is that you normally have liquidity.
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?
I have also traded cryptocurrency before and I can say that it is quite a profitable business. However, in order to trade successfully, you need to have trading skills and know which cryptocurrencies to use for trading. But it is not always possible to make a profit from cryptocurrency trading, since very often the market behaves in an unpredictable manner. As for simply holding BTC, we have already seen that this was one of the best solutions, because over the years, the price of BTC has shown incredible growth. Based on this, I believe that now it is better to invest in BTC, since there is a high probability that by the end of 2021 we will enter the next stage of growth, which means it will be possible to make very good money on this.
Yeah why not. But Bitcoin is probably can't give you up to an income of 1000x no more with it's current price. I suggest you invest on some crypto gem which could lead you to big return in the future. Moreover, I don't say that BTC is a bad investment. It's good and savvy but with less expectation for big returns.
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