Bitcoin Forum
May 30, 2024, 01:08:51 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Swing Trading vs. LONG HODL  (Read 84 times)
Hariz (OP)
Member
**
Offline Offline

Activity: 115
Merit: 10


View Profile
June 09, 2018, 07:11:57 PM
 #1

I was just going through my past investments to see if there are any potential coins that I would like to invest again. Couldn't believe what I saw there. I had invested 0.5 BTC on Stellar Lumens (XLM) back in November 2017. Sold this in December 2017 for a 40% profit  Cry

If only I held this coin through the testing times until now, it would have been worth 10+ BTC today and perhaps 20+ by the end of 2018.

So this question came to my mind - does swing trading and day trading options really work for an average joe? Someone with a 9-5 job that doesn't let him/her watch the market all the time. I'm convinced now that doing the research and investing long term rather than short targets based on market events, forks, mainnet brings in better RoI.

I believe the real value lies in patience! Happy to hear your thoughts on this  Cheesy

┨▪ ▪ ▪❒ SEND ❒▪ ▪ ▪┠
A token designed for massive adoption
                          ╌┨Whitepaper┠╌
╔═══════╗  ╔═══════╗  ╔═══════╗  ╔═══════╗  ╔═══════╗
Website       Facebook       Twitter        Telegram       LinkedIn
╚═══════╝  ╚═══════╝  ╚═══════╝  ╚═══════╝  ╚═══════╝
seo-maestro
Member
**
Offline Offline

Activity: 420
Merit: 15


View Profile
June 09, 2018, 07:41:11 PM
 #2

Maybe it's good tp spit your crypto portfolio for 2 parts: long-term (HODL) and trading. So you can choose between 70% and 30% if you like to trade more then HODL or 50/50 or 20/80 depends on you wishes.
vladraineer
Newbie
*
Offline Offline

Activity: 112
Merit: 0


View Profile
June 09, 2018, 07:44:38 PM
 #3

HODL is the best strategy compared to daily trading,you are unlikely to be able to overtake such a growing market and waste time and money on eternal speculation.
Hariz (OP)
Member
**
Offline Offline

Activity: 115
Merit: 10


View Profile
June 12, 2018, 03:55:51 AM
 #4

HODL is the best strategy compared to daily trading,you are unlikely to be able to overtake such a growing market and waste time and money on eternal speculation.

Yes but only if BTC moves to your favour. In the current bull market, you would do better sitting in Tether or fiat than hold any of the Alts.

┨▪ ▪ ▪❒ SEND ❒▪ ▪ ▪┠
A token designed for massive adoption
                          ╌┨Whitepaper┠╌
╔═══════╗  ╔═══════╗  ╔═══════╗  ╔═══════╗  ╔═══════╗
Website       Facebook       Twitter        Telegram       LinkedIn
╚═══════╝  ╚═══════╝  ╚═══════╝  ╚═══════╝  ╚═══════╝
Crown1
Member
**
Offline Offline

Activity: 210
Merit: 10


View Profile
June 12, 2018, 03:58:45 AM
 #5

Yes, that's the right way to do it.
Holding for long periods of time allows you to maximize profits, but you need to forget about short-term price fluctuations, which are often difficult.

DCC│Distributed Credit Chain
    Empower Credit, Enable Finance   
GithubFacebookMedium ‹‹‹dcc.finance››› RedditTwitterTelegram
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!