What is better - cryptocurrency trading or investing? - page 7.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: im posible on December 14, 2021, 06:11:44 PM

My advice if you have bitcoin coins you should invest. Trade with altcoins that clearly have clear profit potential. Bitcoin is more suitable when invested considering the price of bitcoin always increases from year to year, the longer you hold the bigger the profit.

If you can work with the market it's a good advice otherwise, just hold and wait make sure to set you target price to sell
your coins in case the market bounce back and rally, always rely with your knowledge and not to listen or follow the hypes.

It's a good practice to test the water before you deal with whatever you think that will help you to succeed from this venue
of investment.

Crypto-Ivan

newbie

Activity: 31

Merit: 0

Investing in a currency with a long development time and complete technical support like Bitcoin, long-term investment and holding will bring good benefits.
The transaction will be profitable in a short period of time, but it needs to have good trading knowledge and the ability to analyze the market to find a strategy that suits you to maximize profit.

im posible

member

Activity: 364

Merit: 10

My advice if you have bitcoin coins you should invest. Trade with altcoins that clearly have clear profit potential. Bitcoin is more suitable when invested considering the price of bitcoin always increases from year to year, the longer you hold the bigger the profit.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: cute nmp on December 14, 2021, 05:48:20 PM

Both can be very profitable it just depends on how one does it.For trading you need to have knowledge of technical analysis or indicatiors to specialized in the field while for investment it required a lot of researches before investing to avoid scams and funds lost so it totally depends on you to choose the one you can do best.

Why would need to choose both if you could do both things?

It do just really need more resources and effort for you to deal both things which we do know that diversifying does always have that advantage but we know that not all would be having that funds on dealing with both.

In regards with the decision then its up to someone because not all would really be good on dealing with trading thats why theyve
decided to invest and hold instead.

cute nmp

jr. member

Activity: 1708

Merit: 3

Both can be very profitable it just depends on how one does it.For trading you need to have knowledge of technical analysis or indicatiors to specialized in the field while for investment it required a lot of researches before investing to avoid scams and funds lost so it totally depends on you to choose the one you can do best.

laredo7mm

hero member

Activity: 1498

Merit: 537

Quote from: ashleyknight on July 12, 2021, 01:48:21 AM

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 don't have extra funds and you need to cash out some money then holding bitcoin is not for you. To get a reasonable profit you may need to wait for longer than you think. But some other project which is trending on the market now could bring you better luck than bitcoin in a short time.

Data shows from 2013 till now the value of eth increased more than the value of bitcoin in terms of percent. That means altcoin could give you a higher return but there is risk involved and you have to pick the right project at the right time. Last year Solana did 60000% for their investors. That way more than BTC made after every bull cycle.

kingangel

member

Activity: 208

Merit: 10

Hodling works great if you want long term one instead of short term. About trading, I don't have much knowledge and experience about it since I did not do much trading before and doing technical analysis needs a lot of time where it is one of the important things to do to predict the price. In trading, you can do it daily which in my experience you can earn profit and also loss if the price suddenly decrease but mostly profit and much faster but with higher risk of losing profit

aryana42

sr. member

Activity: 1190

Merit: 251

both are equally good, this depends on your time readiness to always monitor market conditions. You get more free time if you make long term investments and you can also get other work done. If you are a day trader, you spend your time constantly monitoring market conditions, this is back with you. if nothing else you are better suited for day trading.

Distinctin

hero member

Activity: 2926

Merit: 657

No dream is too big and no dreamer is too small

Quote from: realcrypto on December 10, 2021, 05:38:55 PM

Day trading is time intensive because you need to fully master and put to use every methods ranging from fundamental analysis to technical analysis. I prefer long term hold because it gives me time to engage in other activities and it is more profitable. Day trading is only profitable when using a huge amount of money to trade.

Both methods can give you competitive returns or profits depending how much you invest to hold and how much you put to eventually trade. Also it depends if you are somehow an experienced trader or not, because if not, then holding bitcoins is your only best option. Just make sure that you have plans when to sell it so that you can make profits, it doesn't matter how much you invest, the bigger you put, the bigger the profits. And you can also buy at a fraction and buy again sometime later, it's just a matter of patience and timing.
But if you really want to trade, you can always learn it because it's not probably too late for you to learn. There's so many available methods and beginners guide in the internet if ever you want. Just put some extra effort to it.

JayTrain

full member

Activity: 1092

Merit: 105

Sugars.zone | DatingFi - Earn for Posting

Quote from: ashleyknight on July 12, 2021, 01:48:21 AM

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 we consider this issue in the long-term perspective, then of course investing in bitcoin will be better, because for several years bitcoin has updated its ATH several times.Trading also bears fruit, but experience and skills are needed here, not everyone can do this.I'm still for HODL.

judaspriest

full member

Activity: 1330

Merit: 100

C O M B O

Quote from: marine4u on December 13, 2021, 11:24:34 AM

Each has a unique preference and fit for better value and results. What if you really don't know which path you depend on? Try doing a few separate tests to choose from. Personally, I prefer long-term investing, trading takes up my time and analyzing charts makes me sleepy. Lol

It is very clear that talking about investing or trading both can be equally profitable,
other than that everyone also has their own views on both so it's just a matter of preference,
but indeed trading is much more complicated and we must really have skills in trading

Nuraiuii

newbie

Activity: 27

Merit: 0

Cryptocurrency trading is very risky, and it takes more time and skills to analyze market trends and choose a currency for trading.
Investment is a long-term goal. You only need to choose a good currency to hold it for a long time and you will eventually get benefits.

marine4u

full member

Activity: 673

Merit: 106

Each has a unique preference and fit for better value and results. What if you really don't know which path you depend on? Try doing a few separate tests to choose from. Personally, I prefer long-term investing, trading takes up my time and analyzing charts makes me sleepy. Lol

bosede1

member

Activity: 714

Merit: 16

For me , I still do with the investing part for now but sometimes last week I traded for the first time, it was not bad from all I can see now. I will say it depends on your motive or interest in the crypto world

ReiMomo

sr. member

Activity: 2366

Merit: 305

Duelbits - $100k Bonus/week

Quote from: dmamigo on December 13, 2021, 03:06:06 AM

Personally, I think one should do both. I mean to say that an individual should invest half of their capital to invest for the long term and another half of their capital to trade. This way they will accumulate a good amount of money out of which a part will be huge and risk-free to some extent whereas trading will give you some more return. Obviously, sometimes one might face downtime and incur a loss, but if they trade daily with investment as backup, for sure it will turn out to be good.

I tried to do both but can not hold the coin which I have set for long term. There are so many scenarios where I get profit from the coin on day trading and I do see if I sell off the coin which I have kept for long term I would get profit. So I had to sell all the coins I kept for long term and for day trading. I am sure you understand. I am in need of a certain percentage of profit and I get it from day trading and the same percentage of profit I can take from the long term trading coin during the same time frame.

So its really hard to follow both. I am sure you can follow either Day trade or go for a long term. When you mix up, we tend to either miss out a huge profit or we loose the entire.

dmamigo

sr. member

Activity: 1232

Merit: 250

Personally, I think one should do both. I mean to say that an individual should invest half of their capital to invest for the long term and another half of their capital to trade. This way they will accumulate a good amount of money out of which a part will be huge and risk-free to some extent whereas trading will give you some more return. Obviously, sometimes one might face downtime and incur a loss, but if they trade daily with investment as backup, for sure it will turn out to be good.

V-t.Ester

member

Activity: 532

Merit: 25

Well, yes!! Hodl BTC for long. It will definitely bring your good profit in some period of time. However you have to be ready that during several next years (while you will hodl) BTC will grow and fall lot of times. However, finally, you will find out that you get more profit and spend less nerve than if you were trading.

savetheFORUM

full member

Activity: 1134

Merit: 140

Quote from: syedzakir on December 11, 2021, 11:36:14 AM

Both are having their own benefits.
According to my point of you trading can give benefits as well as losses on daily basis but in the end the profit is very minor
As compared to this investment can be more beneficial as it is for long term and mostly it provides more profit

Yeah, they are all good; just keep doing whatever is working for you. We can’t all be doing the same thing, some people are investors and others are traders. Whatever way that it is working out for you, you should just stick to that and maintain your income.

But, you can also do the both of them; you can be a trader and also be an investor. All you need is just enough funds to be able to do the both of them, invest in a wallet and store your coins there safely while you wait for the right time, then another funds will be kept in a separate wallet where you will be using it for trading. If you decide to leave trading, because of you want to invest, it wouldn’t be a good idea.

syedzakir

jr. member

Activity: 95

Merit: 2

Both are having their own benefits.
According to my point of you trading can give benefits as well as losses on daily basis but in the end the profit is very minor
As compared to this investment can be more beneficial as it is for long term and mostly it provides more profit

Smitty Werben Man Jensen

full member

Activity: 1568

Merit: 100

COMBONetwork

Quote from: andriarto on December 11, 2021, 04:48:05 AM

Quote from: LastKiss on December 11, 2021, 12:48:07 AM

Quote from: ashleyknight on July 12, 2021, 01:48:21 AM

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 can do both actually, it's great to have time for doing day trading because if you can get 1% profit a day and in a month you can get around 30% profit. But if you only have a little time for doing day trading it's better to hold for a long time tho because we already saw that crypto always gets their ATH in a few years. Dont forget to add more bags if you holding bitcoin as long as now it's price got a correction

Mathematically it is true that doing daily trading has a large calculation if it is accumulated in 1 month, but trading is not that easy, because sometimes we experience losses. for those who are smart, I think choosing both will be better, but for those who are not consistent in trading, I think it will be better to focus on investing, in addition to learning to trade with less capital.

In trading the risk is much greater I think than investing,
so we have to really prepare carefully before starting to trade because otherwise we will only experience losses and lose money easily for sure,
it is very important to learn more about various things about trading

Topic: What is better - cryptocurrency trading or investing? - page 7. (Read 4394 times)