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jerry0 (OP)
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September 19, 2017, 07:29:38 AM |
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So many people mention that holding coins is more profitable than trading. If you trade, then its possible for you to make consistent income if you buy it low and sell at high. But if you hold, then you don't make any money until you sell which could be a very long time.
The thing is aren't there coins that are more profitable to trade than hold and vice versa? For example, i believe bitcoin is a coin to hold and not trade. Because in the long run, if it keeps going up, you will profit. If you keep buying when it dips then sell when it goes up, you make money but it seems a bit more work than holding it. Do people agree or disagree? The thing is people predict it will only go up. So if it only go up, wouldn't that mean holding makes the most sense? Now let say you buy it at a dip and then sell it when it goes back to the price after the dip. Yes you make money but probably not that much because you need a lot of money to trade bitcoin if you want to make decent money.
But with altcoins... isn't buying it at dips and selling when it goes back probably a very good idea? For example let say there is a coin that is 5 dollars or so. You dont see this coin going up high in the future where it could go up like BTC or ETH. You think the coin will stay around this price but maybe go max 15 dollars and just doesn't see it going 50 or more etc. If thats the case, wouldn't these type of coins be the perfect coins to trade assuming these coin prices keep going between say 3 dollars and 12 dollars? Because many times you notice many altcoins would go to 3 dollars then go back up to 6 dollars. If you keep repeating it, wouldn't that be profitable as long as you don't sell for a loss? The thing is what about altcoins that you think in the future could go up like ETH prices. If thats the case, wouldn't those coins be great coins to hold? Now if you buy these coins at dips and then sell them when it goes back up, yes you make money. However imagine you bought 1000 coins of a coin at 3 dollars when it dip. Then it goes back to 5.50. Then you make a 2500 dollars or so etc. Now let say it dips and goes back up many times and every time you do this you make 2k or so. Thats great right? However my thinking is if you think this coin could go up to 50 or 100 dollars, wouldn't trading it be bad idea because you could have bought 1000 shares and sold it many times where if you kept all those shares you make more money and less work etc?
However i feel like trading could make you consistent money. Holding... you dont make money until you sell for a profit. Do people agree/disagree with this? I believe the coins that you should hold for profit would be BTC and maybe ETH. However, wouldn't majority of altcoins probably be best for trading if u dont see that coin ever hitting that high of a price. Like the coin would hit max 10 dollars. But most of the time be between 2-7 dollars etc? Thus buy these coins when there is a huge dip...... then hold until it goes back up to possibly close to double the price or even 50 percent of the price and then sell for profit? Because if u dont sell when price falls after you buy, you dont lose money.
However to those people that trade altcoins especially when buying it in dips, how long typically do you hold these coins to before selling it and locking in a profit? Like if a coin drops from 3 dollars to 2 dollars in a huge dip. If you buy it at 2 dollars, if it goes to 2.50 in a few days, do you just sell it? Do you just sell it if it goes to 2.50 in the same day and cash in the profit? Im curious how many trades a trade does a month on average to make any decent money. If i had to take a guess, someone probably would need to buy at least 2-3 altcoins and buy a lot of shares like 1000+ minimum each time to lock in a profit when it price goes up right? Of course you could buy a coin and it drops down and it takes weeks or even longer to go back up. So how long do you traders hold before you sell it since you are daytrading?
It seems simple to buy coins at huge dips and then sell them when prices go back. So wouldn't it make sense certain coins are great for trading. But certain coins are horrible for trading? I don't really think there are many great coins to hold besides btc and ETH etc. Does anyone here agree/disagree with this? It seems like those altcoins that cost 25 dollars and less seem to be great options to buy during huge dips... then sell it once prices go back up but issue is you dont know how long it would take. However, when was the last time a top 50 coin fell all the way down to almost nothing. Does anyone know? It seems like any coin in the top 25 that isn't btc or eth would be great to buy during dips right? And it seems like during dips, doesn't it seem you could buy any altcoin in the top 25 since when btc goes up, all other altcoins seem to follow? And when btc goes down, all altcoins seem to follow? My thinking is during dips, it doesn't seem to really matter that much which altcoin you buy because when btc goes up, almost every altcoin does the same etc.
Does anyone here say certain coins are great to daytrade since they keep going from one price range to another price range but never gets higher than that? Like if a coin drops to 2 dollars, then it almost always seem to go back to 3 dollars. Thoughts on this?
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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mk4
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Paldo.io 🤖
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September 19, 2017, 07:46:46 AM |
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Alright. Main question: Is it better to hold or to trade?
This completely depends on YOU. Are you a good trader? Can you make consistent decent profit from trading? Are your predictions accurate? Do you like high risk, high reward due to bitcoin and cryptocurrencies' in general's volatility? Then go with day trading!
Do you like to play the long game? Do you like to invest in something but with lower risk? Do you like to relax or do something else and not stare at charts 24/7? Then go with holding! It's just simple as that.
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Jafri101
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September 19, 2017, 09:15:20 AM |
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There are some coins which are to be kept for long time. Like the price of Doge is now just 22satoshi.. i advice you to buy and hold Doge coins. Also there are othere coins like Lisk which delivers something to every user. If you want to trade then make sure to be active in exchange as which coin to buy and which coito be sold and when.. that depends on your presence.
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eastwind_ja
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September 19, 2017, 11:56:11 AM |
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for most people , hold is better than trade, I lost many chances of getting rich because of eth , neo dump. so just hold for the future
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bs9
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September 19, 2017, 12:07:01 PM |
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for most people , hold is better than trade, I lost many chances of getting rich because of eth , neo dump. so just hold for the future
i am agree with you several time i am buy coin low and after few days i am sell it.Now i am make decision to hold my coin for 1-2 years.Because I hope hold is gold.. |
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eternalgloom
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September 19, 2017, 12:17:22 PM |
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I can't give you any advice on any specific coins, but I would assume that a coin is only good for day trading if there's enough volatility in that market.
Even then, it's not for everyone. By trading, you're automatically taking more risks than when you're just holding your coins as a long term investment.
But in some cases, you just want to sell and rebuy, even if you're generally holding coins for the long term.
A good example is the recent news and price drops of Bitcoin. I sold my coins after the news hit at around 4600 dollars and re-bought everything at around 3200 dollars.
So that was some quick and easy profit, since you could see the market move like that from miles away.
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jerry0 (OP)
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September 19, 2017, 08:48:29 PM |
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Hi there. Well my question is to trade or vs hold. However the big difference is i think the main coins like BTC, ETH are better to hold. But those altcoins are best to trade. Thoughts on that? For example look at lisk. If you don't think this coin can ever hit say 25 dollars for example and it would always go between 2 and 10 dollars.. wouldn't it make sense to just buy it when it dips really low... then sell it once it gets very high? But most importantly if these coins you don't see it ever going to like ETH prices?
However altcoins that you think could possibly be like ETH probably should be bought and hold instead? Thus certain coins are better to hold? Whereas certain coins are better to trade?
My thinking is BTC and ETH are definitely coins to hold. But altcoins are great to trade if they keep dropping to 2 dollars then going back up to say 7 dollars and stay around that range. Thoughts on that?
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LeGaulois
Copper Member
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Top Crypto Casino
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September 19, 2017, 10:35:59 PM |
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I prefer to hold. The main reason is I don't want to spend the time to write down what I bought, rate, date, etc. I don't want to follow the price every day or sometimes twice and more. I don't want to waste my time with this kind of thing. Why? Because if you buy a coin, that you believe in, and wait you will make the same profit maybe more (or less). Time saved, less stress, etc
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Jdope
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September 19, 2017, 10:55:12 PM |
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It really depends on how much time (and skill/or time to learn a skill) you have, i've seen people using TA getting charts and coins that double or more, at least getting 20-30% out of each deal, now if i can get 30% in a few days by trading trading would definitely be better, but i don't have the charting skills or the time to learn, so i do with holding and trading on a fundamental basis for long term
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Vansire
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September 19, 2017, 10:58:42 PM |
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What if you could let someone else trade for you instead of holding? A fund of sorts.
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SmokerFace
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September 19, 2017, 11:23:47 PM |
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Alright. Main question: Is it better to hold or to trade?
This completely depends on YOU. Are you a good trader? Can you make consistent decent profit from trading? Are your predictions accurate? Do you like high risk, high reward due to bitcoin and cryptocurrencies' in general's volatility? Then go with day trading!
Do you like to play the long game? Do you like to invest in something but with lower risk? Do you like to relax or do something else and not stare at charts 24/7? Then go with holding! It's just simple as that.
HOLDING and Short TRADING is very different strategies on making profit on exchange sites and it depends on the trader what are their skills but for me if you're a very professional traders and you can predict what happens on market in the next few days maybe you can do the short term trading because you will gain more profit in short term trading than long term if you're good on pradiciting in market movement and it depends on the coins if it has a high volume on 24hr and if the chart is wavy it is easy to Day trade but if you're not so much professional but if you know that coin has a potential to grow soon better to HOLD it for a few months and wait for a big pump but be careful if you feel that coin is going for retracement better to sell it all and buy it on the dip. |
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sexcoyote
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September 20, 2017, 12:25:32 AM |
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i prefer to hold long term. i am buying and sending to wallet then i am not following that token's prices etc.. i will not sell till to my target.
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FarmerOak
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September 20, 2017, 12:32:42 AM |
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You're thinking about this wrong. The majority of active traders won't make anything. You "might" make money if you trade, but you "will" make money if you're patient and hold. Crypto moves fast, not making money for a "very long time" is measured in months, not decades.
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HashFace
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September 20, 2017, 12:43:18 AM |
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I think everyone's strategy is going to vary based on what they want to accomplish. To me, trading would damn near be a full time job ... while investing is looking for fairly passive gains. You can build a pretty solid portfolio of holdings without leaving the top 25 in market cap, and still buy on the dips to increase returns. And from what I've seen, a simple strategy like that is blowing the doors off traditional investments. Now, that's not to say that past returns will keep up at the same pace, but for me, it was certainly worth the risk to throw some money into the pool and diversify into a new asset class.
And I get why people want to find a great ICO or take a risk on a low market cap coin that's getting pumped, looking for that 100X gain. I reserve a small percentage of portfolio for that, too. But the core of my portfolio are cryptos that I buy with the intention of holding indefinitely.
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aoihs00
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September 20, 2017, 04:15:33 AM |
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The thing is people are applying different strategy for it. Some of them will hold those coins which are worth holding by that what I mean is people will research the coins which are going to be hiked in their prices in the near future and making the holder profits by increased value and margins. That's actually a good strategy to follow as you will get bigger window to sell your coin from the initial point of purchase.
That's the different story for the trading. If you trade on the platform then you are going live and making things happen immediately, with blink of an eye the coin might be increasing in its value or might be devaluating there. So you have to keep an eye over the market which in long term need not be necessary to watch over continuously. It depends people to people how they wanna go with it.
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micle222
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September 20, 2017, 05:40:39 AM |
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For long-term trading I just hold Bitcoin. For altcoin for me, it is better to trade in the short term. Because altcoin is very risky to hold unless ETH and Waves.
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adam1230
Legendary
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September 20, 2017, 05:45:13 AM |
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For day trading i usually choose the coins which have less volume. These are pump and dump coins.
For long term trading i choose eth-waves-clam-xmr these are more stable then others.
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sikkan
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September 20, 2017, 05:55:38 AM |
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It all depends on the coins structure and function! If you have a coin with a masternode function and want to aim for that, hodl! If you see a potential pump you obviously trade it as high as u can  |
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Himanshu111
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September 20, 2017, 06:05:01 AM |
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for most people , hold is better than trade, I lost many chances of getting rich because of eth , neo dump. so just hold for the future
I think holding is way better than trading as in trading, you have to face the risks of market everyday and crypto market is highly volatile so chances of loss are high. You should hold coins like ethereum, neo and litecoin. Bitcoin is the most essential coin to hold as it is the crypto with highest potential |
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erickkyut
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September 20, 2017, 06:14:18 AM |
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It depends on your goal. If you are aiming for a short term profit, of course the best way is to trade your coins but it is very risky. I don't advise it for newbies in cryptocurrency to do unless they have experiences in local stock market because they already know the basics. Still, be careful because the market in Bitcoin is 5 times riskier than the local stock market. If your goal is for long term, it is much better to hold your coins and wait a few years before you sell it (of course if the price is much higher).
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