which is a good option?? Trade or Hodl - page 12.

RealMalatesta

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Quote from: Kasabus on August 18, 2020, 10:30:35 AM

Trading is really a fast way to earn profits and be rich but it takes more time and effort to do that. If you think you already have the skills in trading, then go with it because you will never experience losing and making profits in trading if you will never try it.

All the fast way of earning profits are faster way to lose as well. After your time and efforts, there will be no guarantee that you will earn profits in trading; profits in trading may happen or may not happen; there will be no consistent record you could find the any trader. I am not recommending anyone to go for active trading with cryptocurrencies. If trading is your passion then you can go for long-term based trading instead of day trading.

Quote from: Kasabus on August 18, 2020, 10:30:35 AM

if you want to play safe and take less riks, hodling will be good for you. You will still make profits but it might take a longer time depending on the value of the coin you are holding.

Holding must be the way of slow and steady yet guaranteed profits (given that you are holding bitcoin kind of highly known assets).
Holding definitely got many benefits like you do not need your big time for it and at the same time it requires your less to no time. So, you can make profits only out of your investment capital unlike what we need to do with trading.

iv4n

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Quote from: Kasabus on August 18, 2020, 10:30:35 AM

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Quote from: bangkecol on August 17, 2020, 11:33:04 PM

Trade is good choice to get additional income for live. But do trade when you have a lot of experience to do that . Because successfull trader is people who have a lot of experience to research the trend of market. If we have not that skill , we better to hodl while we learn about the trade.

trading is fast enough to increase the assets you have. however, if you speculate wrong, then the risk you can get is also quite large. So far, I have avoided trading, and have tried to hold only popular altcoins, such as Ethereum. well, so far, ethereum's progress has been pretty good, and I'm still expecting even bigger improvements.

Trading is really a fast way to earn profits and be rich but it takes more time and effort to do that. If you think you already have the skills in trading, then go with it because you will never experience losing and making profits in trading if you will never try it. But if you want to play safe and take less riks, hodling will be good for you. You will still make profits but it might take a longer time depending on the value of the coin you are holding.

And give one good reason why not both? What you are going to do with the profit (if you make it)? Cash out immediately? Why not to transfer your profit in desirable coin and keep it? That's holding by the way, and can we agree that it's better to hold crypto than to hold fiat? Or you consider yourself more for fiat than for crypto?
Holding doesn't require skills and time, it requires some capital and good choices of coins you plan to hold for long run. In mean time you can have fun with trading as long as you wish, but to make profit you will need skills and time to sit and watch charts, create buy/sell orders... do both and find yourself in both!

Kasabus

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Quote from: bangkecol on August 17, 2020, 11:33:04 PM

Trade is good choice to get additional income for live. But do trade when you have a lot of experience to do that . Because successfull trader is people who have a lot of experience to research the trend of market. If we have not that skill , we better to hodl while we learn about the trade.

trading is fast enough to increase the assets you have. however, if you speculate wrong, then the risk you can get is also quite large. So far, I have avoided trading, and have tried to hold only popular altcoins, such as Ethereum. well, so far, ethereum's progress has been pretty good, and I'm still expecting even bigger improvements.

Trading is really a fast way to earn profits and be rich but it takes more time and effort to do that. If you think you already have the skills in trading, then go with it because you will never experience losing and making profits in trading if you will never try it. But if you want to play safe and take less riks, hodling will be good for you. You will still make profits but it might take a longer time depending on the value of the coin you are holding.

qiwoman2

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I used to be just a holder but after not cashing out my unrealized profit in 2017/2018 I decided that this time around I would do things differently and it seems to be working. I do hodle long term coins like btc, eth, xrp ada and some solid oracle/defi/1st/2nd layer protocols and this time around we are seeing more mainstream, institutional mass adoption happening in this space..so this time round the bull run will be a little different. I day trade a couple of small caps daily that have good volatility..then I cash out some profits and put in big caps. I got a robot that copy trades that makes me profit in USDT, and I hodle weekly medium and long term bags.

bangkecol

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Trade is good choice to get additional income for live. But do trade when you have a lot of experience to do that . Because successfull trader is people who have a lot of experience to research the trend of market. If we have not that skill , we better to hodl while we learn about the trade.

michellee

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Quote from: davinchi on August 17, 2020, 05:28:50 AM

Action is too harder than in words

. When the are seeing how much profits people are making from crypto trading, we are really getting motivated to enter into trading but our own results are not that much convincing. It is simpler to say to buy low and sell high but practically we are not able to figure out what is low and where is high Roll Eyes

.

People's temptation to make money from crypto trading will attract more people to come and try to trade. But unfortunately, many of them are not trying to learn about trading, and in the end, they will say that trading is not for them because they can not make money from that.

Quote from: ReiMomo on August 17, 2020, 05:53:25 AM

But my question is, how did you know the potential coins to trade? Guessing on the market is quite hard and that is the reason why I'm prefer on holding than in trading. I always afraid to take a high risk even though they say that high risk possible high profit.

I prefer to hold always than trading, I can't follow the simple basic in trading the buy when the price is low and sell when the price is high. I dont have technical or even fundamental analysis to use. Holding is also profitable without worrying too much, so I prefer on it.

You can try with bitcoin and the top twenty coin list from coinmarketcap or coingecko. If you can analyze one by one from that list, you will find the potential coin to trade. Holding the coin will be an option than trading if we don't have much experience in trading, but we need to have the patience to hold the coin until the price can increase.

Yatsan

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Actually the best choice will still be dependent on your capacity as a crypto user for you better know yourself when it comes to the skills you have. Holding is good for you are just waiting for the market price to go up and down on which you are not taking any risk for you are just storing your coin in your account and waiting for the perfect time where you can already set it free for you find it profitable or not anymore.

While on trading, you were up into the challenge of taking risks seeking opportunities to grow your resources making it more profitable on your part as long as you were up into taking the possibility of taking loss. But if you are really good at trading and you are confident on your capacity to do trades, then trading is for you. No one in here could tell or dictate you which is good or better but only yourself for you do know your self capacity when it comes to crypto currency usage.

Distinctin

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If you usually do the trades and have a good profit, then I would say that is the best option for you. Holding is not giving assurance to become profitable, in fact, many holders has been suffering losses because they have no patience, and I don't know if you have that kind of attitude.

It somehow we have to rely on what is our capabilities. Trying to consider ourselves of what a thing we are able to do because it certainly we can't make good trades if we don't have skills and knowledge. That is a big mistake to our part.

wxa7115

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Quote from: bitgolden on August 12, 2020, 01:46:38 PM

Both of them looks incredibly dangerous if you do not know what you are doing. They require different set of skillset and I would say that the best way to make sure you are in the right one would be to test them both, see how you do, however make sure you don't just stop after a short period and decide one right away, you could have been lucky or unlucky for a short period of time and change after a while.

So, I would say 6 months of each of them would tell you exactly what you want to know. You are not going to get a correct answer from someone else, they could be great at one of them and horrible at the other and tell you the thing they are great at is the answer, but it is the answer for them, not you. Hence why you should find the situation yourself instead of asking others.

6 months can be more than enough to test a trading strategy but it is not enough to test an investment strategy, think of what happened after the bubble of 2017 ended and then we suffered the crash we all remember, buying and holding bitcoin for 6 months would not have been enough to produce profits.

As such when it comes to investing you have no option but to test your strategy against the previous years and then see if you have any actual chance to turn a profit, but you will have to make sure your test is not done without any bias otherwise it will be impossible to determine if the test was successful or not.

perfect999

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Quote from: lienfaye on August 16, 2020, 10:55:04 PM

I prefer to hold because for me its the best strategy to make profit plus I dont have time to frequently monitor the market. Trading needs time and patience, you should be aware of what to do in order to timing the right moment to take profit. When I tried to be a day trader it gave me headaches and stress thats why I chose to hold everytime I buy a coins.

Nevertheless it still depend on the project if it can survive for long period regardless of the status of the market.

But why making the coins sit idle when you can trade and make maybe small but free profits from the same coins. In fact if you are bad at trading and feel like you might suffer losses and holding is the best option, then I can tell you a good method to make free profits from coins you want to hold. Just start a lending thread in the lending section and start giving out loans to people here at the forum with proper collateral and you can earn some free profits just by giving out those loans while having no risk involved since you have taken the collateral from them.

I always think that people should move their coins and make it work such that you gain profits from it because holding is great but you have to do nothing and hence use your time and energy to move the coins in a smart way.

eXtremal

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Quote from: Eternad on August 16, 2020, 07:01:15 AM

Quote from: eXtremal on August 16, 2020, 05:57:09 AM

I personally would prefer to store coins for a certain period of time but before I choose a token or coin that I want to save, I have to know about it and the reason why I should keep it, for futures trading I don't like it and for me who is not very experienced it is very risky for me, this is in my personal opinion

Both did not guarantee any profit unless will be able to monitor it, sometimes storing for long did work out as companies changes their goal and didn't able to survive in the market that long as well in trading if we will not be able to trade properly, monitor na chart there might be more lose that profit. Between Hold and Trading, this will depend on us. Now I prefer trading as some of my holdings before considered as shitcoin now.

Yes, you are absolutely right, and what I say is only my personal thoughts and according to my experience, because as far as I know crypto, there are not many trading benefits that I get, maybe I don't have the expertise, that's why I switched to storing coins or anything. tokens that I think have the potential in the future and monitor their activeness in development

sana54210

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If you tell people that trading is more profitable and those people are not good at trading and start at it and lose money, does that make you reliable? No. You would say that it was just an advice and you would get zero consequences of it. You caused someone to lose money because you gave bad advice but nothing would happen to you if that person lost all his money, you could simply say "if he didn't know what he was doing he shouldn't have done it" and get away with it.

Legally speaking you are 100% right and nothing would happen, but ethically speaking what you are doing is very wrong. That is why there are so many people here like me who say you should do whatever you are comfortable with and not everyone is ready for one or the other, you should pick the right one for yourself.

lixer

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Quote from: 2double0 on August 16, 2020, 03:44:18 PM

Trading is more profitable than holding currently as holding can retrace some percentage out of your current profits and make you lose a bit if a token has already reached an all time high and some tokens which you buy when they hit a trustworthy exchange like Binance (a token like CRV) but trading will keep you aware on taking profits when the markets are highly volatile and enter a new token after waiting for the right time and price of that token.

I think it is actually better to invest than to trade with it, the reason being that once you start trading with the money you are risking yourself to loose a part of the coins or even all the coins if some trades go the wrong way. No matter how smart and experienced trader you are but you always have the chance of loosing even when you make good trade decisions. That is how our crypto market is right now and we cannot help but get used to it.

I believe someone who is a investor by nature should never try his hands on trading because trading as far as I have understood is just a no house edge based gambling where you make trades and hope to buy/sell the coins at the best possible price but not always that is the case.

Dorodha

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I additionally choose to preserve due to the fact there is lots of hazard in buying and selling however keeping is much less probable to be a loss. But there may be a protracted wait to preserve. This calls for persistence there may be not anything to be upset approximately even though the fee is going down as clean as creating a earnings here. Before beginning the buying and selling day you've got to investigate the marketplace positions well. It is usually volatile with the marketplace order however it's far the maximum severe at the start when you have to shop for at a decrease fee.

ReiMomo

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Quote from: 2double0 on August 16, 2020, 03:44:18 PM

Trading is more profitable than holding currently as holding can retrace some percentage out of your current profits and make you lose a bit if a token has already reached an all time high and some tokens which you buy when they hit a trustworthy exchange like Binance (a token like CRV) but trading will keep you aware on taking profits when the markets are highly volatile and enter a new token after waiting for the right time and price of that token.

Trading can give you more profit in this situation because the market can move well, and if you can analyze better, you will find the right coin to trade. Maybe you can get a low price so that you can sell it back at a high price later. Besides that, you will see that there are so many coins that can be the potential to give you the profit. Once you can get the right coin, you can trade it more than two times because it will be up and down many times.

But my question is, how did you know the potential coins to trade? Guessing on the market is quite hard and that is the reason why I'm prefer on holding than in trading. I always afraid to take a high risk even though they say that high risk possible high profit.

I prefer to hold always than trading, I can't follow the simple basic in trading the buy when the price is low and sell when the price is high. I dont have technical or even fundamental analysis to use. Holding is also profitable without worrying too much, so I prefer on it.

Erumo

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I would suggest to trade. What is the point of just holding crypto ? You just wait and inflation can "eat" all your earnings. But when you trade, you not only trying to get profit, but also you learn. Knowledge is everything in this world. Even if you lose at trading, you still gain experience. This is more valuable than money.

davinchi

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Quote from: KnightElite on August 16, 2020, 10:31:09 PM

There are some who are not skill enough and it is the reason why for them holding is more good than trading but there are some who are good in both fundamental and technical analysis and for them actively buying and selling is more good to them.

But you cannot ignore that even people who are all actively trading, also holding bitcoin side-by-side. Because it is a proven method to make big profits in lazy way; just invest into bitcoins and forget it and come back after some years to enjoy multi-fold profits. So, there could be the reason of not having enough skill for trading might be a false one for people to choose holding bitcoin option.

Quote from: lienfaye on August 16, 2020, 10:55:04 PM

Trading needs time and patience, you should be aware of what to do in order to timing the right moment to take profit. When I tried to be a day trader it gave me headaches and stress thats why I chose to hold everytime I buy a coins.

Like yourself, most people are not having enough time to learn and practice successful trading in crypto space and this must be the reason for more than 60% of bitcoiners to go for holding bitcoin instead of actively trading it. Fortunately they are all making more profits than active traders and that must be the beauty of bitcoin but some people are still not ready to understand this fact and never focus on holding option.

Quote from: ?? on ??

Trading can give you more profit in this situation because the market can move well, and if you can analyze better, you will find the right coin to trade. Maybe you can get a low price so that you can sell it back at a high price later.

Action is too harder than in words

. When the are seeing how much profits people are making from crypto trading, we are really getting motivated to enter into trading but our own results are not that much convincing. It is simpler to say to buy low and sell high but practically we are not able to figure out what is low and where is high Roll Eyes

.

lienfaye

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I prefer to hold because for me its the best strategy to make profit plus I dont have time to frequently monitor the market. Trading needs time and patience, you should be aware of what to do in order to timing the right moment to take profit. When I tried to be a day trader it gave me headaches and stress thats why I chose to hold everytime I buy a coins.

Nevertheless it still depend on the project if it can survive for long period regardless of the status of the market.

KnightElite

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Quote from: 2double0 on August 16, 2020, 03:44:18 PM

Trading is more profitable than holding currently as holding can retrace some percentage out of your current profits and make you lose a bit if a token has already reached an all time high and some tokens which you buy when they hit a trustworthy exchange like Binance (a token like CRV) but trading will keep you aware on taking profits when the markets are highly volatile and enter a new token after waiting for the right time and price of that token.

The answer is always subjective because of the different perceptions and skills of the trader. There are some who are not skill enough and it is the reason why for them holding is more good than trading but there are some who are good in both fundamental and technical analysis and for them actively buying and selling is more good to them. Actually, it is not a debatable on what's good between the two because at the end of the day, what matters is if we are making profit from holding or in trading.

Bitlover10

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If you have good knowledge about trading and you know technical analysis, chart reading then it's good you trade but for those who are new in crypto and don't know technical details or don't have any experience about price fluctuations then it's better to hold. If you are holding good coins then it's also give you good return. Trading is always risky and you need to follow proper risk management because without risk management you can loose all your hard money. Research and gaining knowledge is good before investing in the market.

Topic: which is a good option?? Trade or Hodl - page 12. (Read 2353 times)