Day trade or Hodling

[mk4]

As long as you aren't investing in shitcoins, day trading is higher risk higher reward.  I seem to have a good idea of how to be successful in day trading but I lack the confidence to actually do it.  I watch something shoot up 20-40% for no reason it is clear its a good time to dump because it goes in cycles but I always just end up hodling.  I'm ok with it though.  I do the same with the stocks I hold, except I'm not afraid to sell my stocks at 50% what I paid if I dont have confidence in the company (this has happened).  It works for me in the longrun but I can't help but think I'm leaving money on the table.  I tell myself its better to be in and leave money on the table than to stay out.

To be honest though, I've made decent money flipping shitcoins. They're definitely good for daytrading in my opinion. You just have to be attentive to the charts, so you know when to sell. Since usually with shitcoins you need to get out as soon as possible even if you only made small profit and you definitely don't want to have your shitcoins for more than 24hrs. Prices can crash in a snap of a finger. A good example for these "shitcoins" will be HighOnCoin's Chaincoin, which was pump and dumped last month. People definitely can make bank with it if only you bought and sold on the right time. Look at the July charts of chaincoin below:

[hous26]

As long as you aren't investing in shitcoins, day trading is higher risk higher reward.  I seem to have a good idea of how to be successful in day trading but I lack the confidence to actually do it.  I watch something shoot up 20-40% for no reason it is clear its a good time to dump because it goes in cycles but I always just end up hodling.  I'm ok with it though.  I do the same with the stocks I hold, except I'm not afraid to sell my stocks at 50% what I paid if I dont have confidence in the company (this has happened).  It works for me in the longrun but I can't help but think I'm leaving money on the table.  I tell myself its better to be in and leave money on the table than to stay out.

To be honest though, I've made decent money flipping shitcoins. They're definitely good for daytrading in my opinion. You just have to be attentive to the charts, so you know when to sell. Since usually with shitcoins you need to get out as soon as possible even if you only made small profit and you definitely don't want to have your shitcoins for more than 24hrs. Prices can crash in a snap of a finger. A good example for these "shitcoins" will be HighOnCoin's Chaincoin, which was pump and dumped last month. People definitely can make bank with it if only you bought and sold on the right time. Look at the July charts of chaincoin below:

Oh for sure.  I reread my post and I should have clarified that as long as you aren't hodling shitcoins. 

[Koadharber]

As long as you aren't investing in shitcoins, day trading is higher risk higher reward.  I seem to have a good idea of how to be successful in day trading but I lack the confidence to actually do it.  I watch something shoot up 20-40% for no reason it is clear its a good time to dump because it goes in cycles but I always just end up hodling.  I'm ok with it though.  I do the same with the stocks I hold, except I'm not afraid to sell my stocks at 50% what I paid if I dont have confidence in the company (this has happened).  It works for me in the longrun but I can't help but think I'm leaving money on the table.  I tell myself its better to be in and leave money on the table than to stay out.

To be honest though, I've made decent money flipping shitcoins. They're definitely good for daytrading in my opinion. You just have to be attentive to the charts, so you know when to sell. Since usually with shitcoins you need to get out as soon as possible even if you only made small profit and you definitely don't want to have your shitcoins for more than 24hrs. Prices can crash in a snap of a finger. A good example for these "shitcoins" will be HighOnCoin's Chaincoin, which was pump and dumped last month. People definitely can make bank with it if only you bought and sold on the right time. Look at the July charts of chaincoin below:

Nice illustration and this is a chart on which a shit coin which can be considered as pump and dump scheme and which you would really need to be attentive on its chart and movement.This is really a tough job for most day traders since we wont able  to identify on which is the peak and the bottom price this is where price action together with intuition would come in for sure.

[wuvdoll]

I seem to have a good idea of how to be successful in day trading but I lack the confidence to actually do it. 

Usually day trading seems more easier because when you are staying out of market you can find easy profits but when you are into actual trading, you cannot.

I guess so far your inner feeling is saving you from not getting into day trading. It is good. Because day trading is not as easier as it seems. In my opinion too, holding must be the right option for anyone because it simply eliminates all the risk associated with trading.

[nesty]

For me its holding it is very risky the day trading. We all know how volatile the crypto world is. If the income reach 10%-20% then sell.

[Weawant]

For me its holding it is very risky the day trading. We all know how volatile the crypto world is. If the income reach 10%-20% then sell.

What if the price of the coin you've bought is in bellow to the price you have buy? I think hodling is the best thing for us to do in that matter and mostly those scenarios will happen mostly on ICO coins so better we should stick with it and sell whenever the coin pump for so hard. But if you can attain to sell it and buy back at the cheapest price of it then this one would be one of the best option for you to retrieve and gain from this coin.

[elewton]

  60% for day trading and 40% for long holding.. long holding make more profit if your coin mutil 10x

[TropicalDog17]

Daytrading is more fun than just HODLing. You will get more knowledge about cryptoworld when you trading, but you get nothing when you hodling. But if you don't want to take risk, just hodling.

[ekoice]

I would just like to hear your opinions, Which is more profitable, Day Trading where you can profit through buying the dips and selling when it pumps repeatedly, or Long term HODLing where you buy the dip and only sell it when it goes up 5 to 10 times its price value?

         Day trading would best suit for altcoins whose price is highly volatile and huge fluctuations is found in their price.So,holding them in a long term basis would not yield more profits and more over,many altcoins get disappeared in the long run.
              But as far as bitcoin is concerned,day trading would not be beneficial since bitcoin price only varies a small percentage in a small duration of time.So,it would be better to hold bitcoins with patience on a long term basis to get huge profits.

[chip1994]

Daytrading is more fun than just HODLing. You will get more knowledge about cryptoworld when you trading, but you get nothing when you hodling. But if you don't want to take risk, just hodling.

In my opinion, day trading or holding are good, depends the situation of everyone, we will have strategy for choose day trading or holding. Like me, I always choose holding my coin in many term (short, mid, long) because I can't spend all time for trade everyday.

[A.H.Rassel]

Holding is the most profitable decision. In the event that you hold for a drawn out stretch of time and are patient to hold up, you can get enormous profits for your speculation, If you picked the privilege coin.If you do day exchanging, first find out about it since it's so hazardous for beginner dealers

[yoonah]

Day trading has a lot of work to do you need expertise in trading that is why I prefer holding coins than trading everyday because I admit I am not a good trader. But if you think you have the skills then go for it both of them is actually profitable.

[neya]

i prefer for daily or every other day until i saw that the price of my coin becomes high.idont hold coins long time. i always check the price. and if i saw that it becomes high already i sell it. its small profit but atleast sure.

[jamids]

I would just like to hear your opinions, Which is more profitable, Day Trading where you can profit through buying the dips and selling when it pumps repeatedly, or Long term HODLing where you buy the dip and only sell it when it goes up 5 to 10 times its price value?

Both would be profitable. It would depend on where you are most comfortable in your trading strategy. If you have the time to be in front of your computer the whole day then maybe you can do day trading to be able to notice the dips and sell at the right time. If you don't have that much time but you are confident that the coin you buy has a high chance of shooting up in the future then you can choose long term hodling. As for me, there are coins that I day trade because its in consolidation level so I take advantage of the highs and lows and there are coins that I hodl for long term.

[grckijogurt]

split your portfolio to hold/daytrade parts

[reliable]

For me its holding it is very risky the day trading. We all know how volatile the crypto world is. If the income reach 10%-20% then sell.

This is another strategy which you could use it. If you set a target and if it reaches by holding or rises in a day itself then if you wish to sell . If you have little risk appetite holding is actually a better option in current scenario. As price is rising almost after 1st Aug event and 5k is the next target to reach.

[Bagaji]

I believe this question was raise some where else before you open this treat. Although there is always an answer for this question. Trading is more profitable as compared to holding but is not suitable for everyone. And for those who are not good in trading I recommend holding their bitcoin will be better for them instead of gambling with it through trading.

[Dudeperfect]

To be honest, trading is not everyone's cup of tea. I have tried both the things and I figured out that I am getting good results in hodling rather than day or short term trading thus in my perspective, I think long term hodling works well for me. However, we have experienced traders here on board who are trading in a very efficient manner and earning handsome profits so it totally depends on the skill, knowledge and experience to determine which is the best option of speculation.

[jerowacik]

To be honest, trading is not everyone's cup of tea. I have tried both the things and I figured out that I am getting good results in hodling rather than day or short term trading thus in my perspective, I think long term hodling works well for me. However, we have experienced traders here on board who are trading in a very efficient manner and earning handsome profits so it totally depends on the skill, knowledge and experience to determine which is the best option of speculation.

trading is also unpredictable because trading results are obtained from price movements of bitcoin and altcoin. when we can get a positive margin from the purchase price then we can get a profit and if not then we will lose money. So trading can be done anytime, all depends on the price movement. yes knowledge in reading the price and also the analysis of a cryptocurrencies is the best way to get positive results from trading.

[richardsNY]

I never understand why people always force themselves to choose one thing to do, while they can do both mentioned options at the same time -- I haven't been doing anything other than that. I have a separate stash of coins that I won't be touching since this is my long term investment, and aside that I have a separate stash for trading purposes. It allows me to benefit from the long term, but at the same time also benefit from the heavy load of fluctuations that we experience. I am looking to maximize my potential results by doing this.