Topic: Why choose LONG-TERM TRADING? - page 53. (Read 8516 times)
Choosing the wrong cryptocurrency for a longterm holding is just a loss and a mess, this must be considered before deciding to buy and store those coins, it may be a scam or just useless coins, consider it to stop wasting your time from those coins as some of them are just good for pumping, false hypes and a short-term profit, determining those coins is a bit hard to find but you may consider it to profit more, top coins might be a good start to invest then dive into research to found undervalued coins that have the potential to boom in the latter part.
Long term trading naturally allow for growth to happen naturally. You will notice this as you trade in and out if a quality cryptocurrency asset that is back by solid tech, dev and the community
Right. Though there would be coins that are pretty much short term coins only but the top coins in the market are probably best for long term. Bitcoin and etherium for that matter are good for long term.
just because some altcoin has a big market capitalization it doesn't mean it is also automatically a good investment too, specially when you are talking about the "long term" investment. for example a couple of years ago the list of "top altcoins" were not at all like this. there were coins in that list that aren't even big today. for example NXT used to be number 2 once. but today it has dropped down significantly. in other words a long term investment in it meant a huge loss on your part!
Long term trading naturally allow for growth to happen naturally. You will notice this as you trade in and out if a quality cryptocurrency asset that is back by solid tech, dev and the community
Right. Though there would be coins that are pretty much short term coins only but the top coins in the market are probably best for long term. Bitcoin and etherium for that matter are good for long term.
Those people who have no time and idea in trading are best fit into this kind of trading because as you can see all you have to do is to invest and keep it in the wallet while waiting for years if the coin is become successful. But for those people who make trading their full time job it is not that fit to their personality because they are the one who want to earn money everyday. But having those two at the same time would be the best thing you can do if you really want to earn money but the risk are double up too because you actually play the market by two ways.
Long term trading naturally allow for growth to happen naturally. You will notice this as you trade in and out if a quality cryptocurrency asset that is back by solid tech, dev and the community
To do long term trading we also should spend times to learn fundamental of that coin, when you know that coins has massive potential and has big community to support it , you can hold that your coin but offcource you have to buy it in the support area ot in the bottom price. Long term trading will be better by duration in a few month, not a years, because any posibility the price will going back to the bottom because the volatility of crypto too high.
Long term trading may take weeks, months or even a year or so. You may call it as "long-term holding" or simply "holding".
yes it is all correct but only if you are talking about a well established market with little to no manipulation and a solid demand from ream buyers and also most important of all: a good long term potential.
this simple definition limits you to bitcoin and even bitcoin doesn't fit all of the conditions since it is still a small market and is manipulated to some extent. when you talk generally and cover altcoins too then it means you are wrong. the altcoins are never good long term investments and you can do it and make profit too but you will be taking a huge risk and it will be more like a gamble instead of a trade.
this simple definition limits you to bitcoin and even bitcoin doesn't fit all of the conditions since it is still a small market and is manipulated to some extent. when you talk generally and cover altcoins too then it means you are wrong. the altcoins are never good long term investments and you can do it and make profit too but you will be taking a huge risk and it will be more like a gamble instead of a trade.
Better to choose long term trading for more profit to earned and less hassle to check everyday so that you can do other things that you might be earned also.
long term trading if successful and have good luck will get a big profit, many traders who have big capital more trust for long-term trading and ready to accept the risk of profit or loss. so if you do not have the trust and good skill long term trading is very risky.
Sometimes we need to lurk for the dump coins and sell them off when pump came's and I think that is the new scheme made by the traders right now since long term holding is little bit pathetic and cannot be trusted anymore due to scam alts entering the crypto market. But let's assume that top 50 on market cap is the best right now but we still need to be cautious since anything might happen.
long term trading if successful and have good luck will get a big profit, many traders who have big capital more trust for long-term trading and ready to accept the risk of profit or loss. so if you do not have the trust and good skill long term trading is very risky.
So skeptical when long term trading is involve on talks since I try to lose more money on that matters when my coins died and turns no value. That's why i prefered to do a short trade or monitored trade so that those mistake will not come to me anymore. And the only one I hold for now for long term purposes is the bitcoin but with alts? I think its No for me since their's no good among them nowadays.
Long term trading gives an assured profit after certain time period. As mentioned by the Op it can be of weeks, months or years. When compared to the earning an user makes through short term trading the long term trading profit seems low. So, it is good to get into continuous trading which will help with earning the goodness of long term trading as well.
Thank you sir for sharing this knowledge with us and I hope the newbies learn from those information. We are having an unstable market since January this year and for you to actually make money you have to hold for a very long time. However the level you buy also matter as a long-term traders and most of the traders do buy into a coins at a very wrong time and prices and expect to hold long and makes profits.
I agree with that long term investment in trading is very profitable but still you have to wait long if you want to have a good profit just like bitcoin happen way back in 2011 bitcoin price is too cheap that time if you bought thousands of bitcoin you are rich now.
Yes long term trading is a good way to earn me without hassle. Because you can buy a coin at its dump, after you can leave and didnt take a look day by day. Just do what you want and after a while visit the price and hopefully it will double or triple your investment. Long trading is good for an individual who had no time do or be full time in crypto
Since March, the price of bitcoin has seen some stability, so holding for long-term is better than selling at the first possible high.
In addition to what you mentioned above, I would like to draw the following:
1. Do not invest without a specific goal: No matter how long you spend, if you do not have a clear plan to make gains, you will probably lose.
2. Do not sell if you do not achieve the planned profit: If the price remains stable for long-time, it does not mean that it will not pick up again soon
3. Do not let bad news or price collapse affect your decision: stop listening to FUD
In addition to what you mentioned above, I would like to draw the following:
1. Do not invest without a specific goal: No matter how long you spend, if you do not have a clear plan to make gains, you will probably lose.
2. Do not sell if you do not achieve the planned profit: If the price remains stable for long-time, it does not mean that it will not pick up again soon
3. Do not let bad news or price collapse affect your decision: stop listening to FUD
Buy coins for $ 100 and a year later to sell them for $ 120, this is not a long-term trade.
It is necessary to invest millions, so that after a long time they will bring profit.
All the rest is nonsense.
And when you do not have money, but there are a couple of coins, you can just sit and pray that they will grow a thousand times.
I agree with you, long-term trade for those who have a lot of money, and for those who do not know how and do not want to learn to trade.. It is necessary to invest millions, so that after a long time they will bring profit.
All the rest is nonsense.
And when you do not have money, but there are a couple of coins, you can just sit and pray that they will grow a thousand times.
Buy coins for $ 100 and a year later to sell them for $ 120, this is not a long-term trade.
It is necessary to invest millions, so that after a long time they will bring profit.
All the rest is nonsense.
And when you do not have money, but there are a couple of coins, you can just sit and pray that they will grow a thousand times.
It is necessary to invest millions, so that after a long time they will bring profit.
All the rest is nonsense.
And when you do not have money, but there are a couple of coins, you can just sit and pray that they will grow a thousand times.
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