Topic: Why choose LONG-TERM TRADING? - page 4. (Read 8479 times)
I think, long-term trading is safer for those who are not so smart and have experience about trading because they might be studying or just want to invest and want to get a bigger profit
If you do not know how to trade then it is better not to try. HOLD this is the best way not to lose your money.
Market condition BTC still not stable at current time, i was take planning HODL at early of this year, but when price was going fall dip fast till Q3, i have take it out to cash and i still waiting green signal from market become recovery
Long-term trade is good for those people who only recently entered the crypto-currency market and do not have sufficient knowledge. Just buy the best coins and wait. In the long term, the market is growing.
Choosing the long term ahnj at this point is completely wrong, you can see that the market is in downtrend in the long run so the bitcoin price will continue to fall sharply further and according to my analysis the bitcoin price will May drop to $ 2000 at the end of 2018. That's why I believe that if you invest long-term in bitcoin you will lose a lot if the market can not recover.
Long term trading so far as I know is the best way to invest into this market and it has the most potential profit in this industry. This is why basically, its good to invest what you can afford to lose and the funds you aren't using for the time being so that you would be able to hold your position for long
But long-term trading is not applicable to everyone,
why? Because long-term trading requires huge capital
why? Because long-term trading requires huge capital
Why so? I use long term trading like saving money tool. Analyze and search coin with stable grows (if its possible. BTC the best for now) and buy it to save my not so huge sum of money. Also, I use portfolio tracker https://coinsharbor.com/ One time per week check the chart to be sure and to see movements of my assets.
Long-term trade is good for those people who only recently entered the crypto-currency market and do not have sufficient knowledge. Just buy the best coins and wait. In the long term, the market is growing.
Choosing the long term ahnj at this point is completely wrong, you can see that the market is in downtrend in the long run so the bitcoin price will continue to fall sharply further and according to my analysis the bitcoin price will May drop to $ 2000 at the end of 2018. That's why I believe that if you invest long-term in bitcoin you will lose a lot if the market can not recover. Long term trading may take weeks, months or even a year or so. You may call it as "long-term holding" or simply "holding".
Long-term trading is good for those who:
- want to invest
- has a job that requires at least 8 hours a day
- want to earn extra income
- non professional traders or beginners
But of course you will have to consider these things before investing:
- invest money that does not limit your ability to meet other financial needs
- should be willing to lose some
- higher investment, more risky and higher potential of loses and/or rewards
These are the benefits of long-term trading according Anne Chapman (2015):
- You are not required to find new opportunities every time. Just hold on the coins you believe has a potential. Do not bother yourself with other cryptocurrency focus on your work and family.
- You have more time to plan and study the charts for analysis of trend
- You only need to employ simple techniques.
First, identify major areas of support/resistance (does a trend have room to develop?
Second, look for chart/candlestick patterns (do they reinforce a trend continuation?)
Finally, look for a logical and high probability point of entry and manage the trade
- You will experience less stress since you do not have to monitor the charts, price, trend etc. every time.
- You only have to work less. Check your coin in a month or weekly basis, etc
Thank you.
A more detailed explanation can be read here at: http://thedynamictrader.com/advantages-of-long-term-trading/[/list]
I choose longterm trading so that l can wait for the promising price of bitcoin that will reach to $100000 each.This is the most awaited time of all people in crypto world.Longterm is just like a savings wairing fOr the intrrest to have profit.
For trading.....I personally use the orderbook on very high volume coins to try and tell where the next swing is going to be (up or down). So I guess you could call it short term...... I learned it here: Voodoo Crypto Discord for those interested.
Long term hodlers could catch the bears but of you look at a real long term like 5-10 years a few bears in between create less of a concern
I think everyone has a different strategy to get profit, I myself am more suitable to use a long-term trading strategy because I do not have much time to see market movements, because I have other jobs, I am active in the market only at the end of the week
Better do a long term investment for it is more safer for those who currently starting a career in trading. In long term, it is more simple, you are going to buy a btc and hold it and wait until it rise and sell it to the best profit that you can have.
I'd recommend HODLing to pretty much 99% percent of the Crypto-community, if you've done your research on a evolving project that is constantly being developed and quality code churned out, i see no reason for new traders to try to grow their stack by doing risky trades wich may cost them more than they gain.
nowadays many people do long term trading because they buy at a low value, they are sure when the btc value improves then everything will improve and that will give them a lot of benefits.
But long-term trading is not applicable to everyone,
why? Because long-term trading requires huge capital
why? Because long-term trading requires huge capital
Why so? I use long term trading like saving money tool. Analyze and search coin with stable grows (if its possible. BTC the best for now) and buy it to save my not so huge sum of money. Also, I use portfolio tracker https://coinsharbor.com/ One time per week check the chart to be sure and to see movements of my assets.
I chose long term trading because it gives me the ability to invest with peace of mind over the long term and am able to scoop a lot of profits while investing. Long term investing made me my most profits and also, I prefer to invest in the long term than short term .
But long-term trading is not applicable to everyone,
why? Because long-term trading requires huge capital
why? Because long-term trading requires huge capital
long term trading is best for those people who have no time and trading skills,long-term trade is maximizing the possible profit compare to day trading
The people who I know made huge money in crypto are the people who held for a long time. Short term traders can make a few thousands of dollars but on the long run, people who held for long term will make multiple of that.
Yes that is true,the long term trading or the holding is most beneficial and effortless and it also easy when compared to the day trading we can invest on the best crypto currencies and need to wait for the profits but the one important thing is that patience since the market is always swingy so you may tempted to ee your coins when you see the low prices so learn to be patient then you will made more.
Long-term trading does take a longer time and I think it is very suitable for beginners and people who do not have much time to trade and the risk is also smaller so it will be safer
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