Bitcoin Forum

I know this has been looong way discutated arrund here but I did not saw a poll for this and to know how the bitcointalk community.

A few words for your choise will also help, cheers!

Long term is the best profitable not only for newbies for anyone who is in crypto currency.Day trading is only best for earning decent profits but in long term you can multiply your investments.But the matter is which coin your holding,if you are holding a useless shitcoin then it is not going to yield any profits only potential coins will.
But before start trading or anything you need some skills about picking the coins and wallets for trading so you have to research about these before start trading.The long term or trading also can be based on our coins.If a coin with too much of price volatility then it will give more earnings in day trading or the coin with constant steady price which is better for long term.

It depends on many things like:
- Your job
- Already married or not
- The amount of the bill you have
==
If you are a married person and make the crypto currency only as your side job, choose long-term benefits.
But if you are a married person and make the crypto currency as your main livelihood, of course you must choose short-term profits.
and many other scenarios.

if you qualify the ability ,you can trade both on the short and long period ,on the premise of you believe some coins, that can maximum your profits. but i have to admit short term trad is a tired thing ,you have to look at the graph minute by minute .that might make you nervous . i think it also can harm your health on this intense  trade work~

With short-term trading there are own risks, and if you still can not be confident in yourself, as in a trader - it's better not to climb into it)
You will save more money.
Long-term outlook is better, but you need to study coins, what technology is behind this coin, will it be in demand and how?
Also, long-term trading can bring a lot of X to your bank!

I would definitely go with long term holding. Risk is much higher in daily trading. A newbie might lose a lot of money that way.

Again even for not newbies, it is depends on your:
Time - if you have so much time, you can day trade coins, as coins are so volatile that you can win and lose significantly, if you dont have time checking always, but some establish coins and hodl it.

Hope it helps and welcome to cryptoworld

You can earn a lot with both methods if you are experienced enough. Don't expect the great income with the day trading because the coins in this period of the trading don't have the proper time to grow fully. Even if I am the supporter of this technique I am lacking a time that is needed for this kind of trading.

Long-term investment is fantastical for the people which with the initial bankroll can get a big profit gain if they had invested smartly. I am fond of this technique because you don't have to watch the market curves and charts all the time. Because this is the long period your analyzation at the beginning is the key to success. Coins in the period can fluctuate a lot but the patience is the key in this cases because backing up early can only bring you the loss.

I am adding my two cents worth of an opinion. A newbie should not face some risks in day trading and should do it when one has already gathered the needed 'education' because that area can be turbulent at many times of the day. I am not saying you should not be doing it but always make yourself prepared and maybe just risk a little bit of a capital in the beginning. It all boils down to how prepared you are for doing it. Don't be caught up with excitement you might be feeling seeing some traders enjoying their own success because replication can be so hard in this industry. I am wishing you all the luck you need in this endeavor though.

Seeing the results by now I wonder if I'm doing the right thing with a daily trading . I started a journey of making 1 Bitcoin this year and doing daily trades. I will see how this thread goes but I asume moust will go for the long term...

i always say that both is very profitable depending on your aim. If i were to really choose, i ll choose long term. For BTC it is really fun to understand the sky rocketing of BTC's price so as its correction period. i believe that that'll be the same for other stable alt coins. Many people waits for the "mooning" of the btc this year since its in the phase where it drops and rises. So you could go for long term but make sure to keep yourself posted.

daytrading is good with little deposit, but if deposit is rather big, so investing will prefer

Maybe you had to create a topic in another section. https://bitcointalk.org/index.php?board=8.0 But for me personally, is much more acceptable long-term trade, it probably will not even trade, and investment. Trader of me bad, so I just buy a coin and hope that after some time it does not much will fall in price, but on the contrary will rise.

Day trading only works if you have a lot of capital, but its more risky. Long term is great if you don't have as much capital to start so it gives more room for your coins to grow.

Interesting ! Rightly said. Short term profit may be quiet risky and need more skillful observation. And it may also earn you a little daily. But to sustain any one should retain loooong.
I think Newbies should take their time to understand well for entering short term day trading.

I really hope this kind of threads will help other realise what is good for them. To me this thread made me decide how to go along, I decided to move to Long term investment and make a small portfolio!

You need an extra option - for both.  It is possible to combine the two, although I day trade with different coins to the ones I am holding long term.

Long Term Trading - Long-term strategy is an act of detention not to close in a long period of time. The advantage is that traders do not have to spend a lot of time to keep an eye on market conditions.
Many experienced brokers say that the longer a person holds an investment, the less likely it is to get a loss. While the longer the investment, the higher the probability of winning. So it can be concluded long-term trading of course also has a smaller risk because you can avoid mistakes to guess the short-term price.

For newbies - definitely long term.

I think day trading takes way more experience to even get started.

As mentioned above, both strategies CAN work, depending on how prepared you are for the situation at the particular time you're doing it.   I'd advise any newbie to simply acquire BTC / ETH and hold them in the beginning until they really truly do fundamental analysis of any other projects they're interested in.   Don't jump into anything you don't fully understand - not just the technology itself but figure out → how is the particular token / coin that you're buying used within the particular project you're putting that money into?   This will go a long way into helping you understand the potential future value of the project and the token asset associated with it, itself.

hmm im newbie too . i think long term is better and more friendly . besides still a little experience and still much to learn . if it is experienced then can try daily trading

If I were you, I would add a third option "Both". If you are a good trader you can keep a percentage of your profit long-term just in case...
If you are a bad trader you could trade fewer alts than the coins you hold.
In any case, having a plan and sticking with it makes it easier when decisions are to be made.
I am a bad trader so I'm trading only the 10% of my total investment.

It seems I cannot have the option to edit the poll but u are right , a small part could be left to be played. Even so, it takes time if you're willing to make the daily trades as well. I think it's really up to your skills and plans, cheers!

Personally I am a long term investor, I sit on it and want to see it grow, hence why I don't day trade much at all. I have a full time job and I do not have the time / knowledge to trade day to day.

I also think so. At the beginning of the trading all make mistakes. Learn on small amounts of money. Understand what you need. I only trade in long term because of less risk.

Hold long term! Cash out on the big highs! Seriously, you could lose a lot more by trying to day trade. it's very hard to predict the swings and you have to be spot on to make profit that way.

Long term is the best options for all traders. Especially if the subject is newbies, no need another options.

The problem with day trading is that if your trade goes against you you won't be able to pull your attention away from the screen.  It can be consuming.  If you're long term - HODLer, you can enjoy life and maybe check your prices once a day or two.  good luck

The best option for a successful trader is the long-term investment. However, here you should prepare to be VERY patient. Once you can see your altcoin has grown, you can wish to sell it. Try to restrain yourself and wait for the bigger profits.

In my opinion, some coins are suitable for day trading while others are not suitable for that. The price characteristics are the determining factor in this choice. I think ethereum and bitcoin would be really good choices for long term investments. Also I think, the coins which have below 1$ price may be suitable for short term trading.

for newbies, none of them are good options because they both have downsides and will require you to have a lot of experience to make it work for you.

generally i prefer day trading or at least short term trading because in long term i am expecting dumps for all the altcoins in their pump and dump journey. and there is not much of a future for many of them anyways and there are always newer better altcoins coming out which can simply replace them and them not having any real adoption makes them easily replaceable.

long-term trading is safest in all kind trading market. There have no fear up down market, daily trading fees, fud news etc.. Daily trading success if you have enough knowledge market, Chart analysis, in one without experience daily trading very risky.

Day and week trading will not give much of the profit you desire. The profit will come little by little and you may not feel it. I suggest long term investments because the profit you will earn, given that you chose a promising coin, will be evident. Also, for the reason that you are still a newbie, you might find it difficult to distinguish good coins from shit coins.

I had a thread similar to this and the opinion of most people was in favor of LONG TERM HODLING. Day trading is not as easy as people think, you need some technical analysis skills and be up to date with news and happening in the crypto space especially pertaining to that coin you wanna trade. Likewise in long-term HODL, you need to be careful of the coins you wish to invest and hold.

There is no doubt that the answer is long-term.
Because short-term even if there are several volatility can let you earn 50% of the profits, but hold for a long time, maybe a year later, it was already x100 returns, so forget you bought the token, hold for a long time.

Its up to you on how you monitor a coin if minimal i must preferred and suggested to you a long term trading because if you start in low value after a months or years for sure 100% percent of return but if you have a time to always monitor and want to earn even in a small amount it is day term. But i want long term for the assurance thar you earn.

For me long term investing is profitable than trading which can give a short-term/day by day earning. It also depends on your lifestyle, if you are a stay at home buddy but needs to earn everyday trading is hood enough. But you have to watch in the coin's value from time to time and trust your instinct of the best time to trade. While in investing you will just hold your coins nd wait for it  to appreciate.

I would advice long term trading for newbies because it gives them an ample time to get to know the crypto world before jumping into what could make them profit and gain more, and I'm sure that's what we are all after; huge profits. So before you get to where other traders are in right now, those newbies who barely know trading and the coins they are trading should educate themselves and of course the basics of being a trader. And by the time you have mastered the skills of trading then you can try day trading. And mind you, it is not only beneficial for newbies but also those who got into the cryto world and still wants to know more about it as well.