Shall I be a hodler or day trader? Give me some advice!

[Boomber]

I think you better hold some altcoin for the future maybe you can get some profit because price''s will increase if that's good project.

[Casdinyard]

For day trading, watch new developments and be one of the first to buy in.
For holding buy serious coins with a real purpose or great technology.

I think both are profitable like it depends on your perspective and preference.
When you day trade you'll have just a small but a sure profit while in holding the return of your investment is too long but definitely worth the wait. So just choose how do you want your profit goes to you.

[trk]

Depends on how much time you can spare. Daily trader or even hourly trader requires so much time and attention, other than that you need to have good mentality. HODL is the most troublesome free, as long as you buy your coin in their discounted price not at their peak

[Poink]

Only you can answer your question.  I think these require different skill set, mentality and dedication.

I'd suggest you start as if you will be a HODLer then as you learn, try (with a small amount) to day trade and increase as you get more confident/experienced or withdraw if it is not for you.

A good coin is a requirement for the HODLer...you might not believe me, but they don't necessarily make good day trader coin.  Spotting what is good for each application can be acquired. Charts, historical data, news, etc. are tools you need to utilize.

Good luck!

[Immakillya]

HODLer or long term trading is better especially to those people who have a job. Day trading needs a lot of time and effort. You need to monitor your trades every minute. It's only ideal to those who don't have a job or have a lot of extra time. Also day trading is more risky than long term because in long term trade, you have your time and you don't have to monitor your trades too often. In day trading, you have to learn the timing because timing is the key to earn huge profits. In terms of profit, day trade is more profitable but it's more risky because there's no guarantee that you will make money. Day traders usually suffers from huge losses in their first few months of trading. It's a stressing job. While long trade requires only short time to monitor. It's a less work and not stressful job.

[DaddyMonsi]

Everyone wants cash flowing in everyday but its possible if you have your own business and if you plan to accomplish that in trading, then you have to have a lot of time in staring at your PC monitoring your investment if you reached your goal for the day or not. Day trading is good way of earning money but with the  volatility if Altcoins and BTC, whales manipulation and fake news around, its hard nowadays to be a day trader. Just like what I advice to those who plans to be a day trader, set aside a fund for day trading and set aside a fund for long term investment and dont put all your eggs in 1 basket, I hope you know what I mean.

[ngocbkcse]

I think you should a hodler. When you ask this question, you're worring, one of the problems everyone have is they get into trading but get lost in all the information. Taking large losses is painful if you don't understand about trading. Hold some coins that you believe.

[zaq130]

I think it is better for you to  be a holder.

As long as, crypt currency market grow, many of the coin's price is going to be bigger.

If this market has a low growth rate, the story is going to be different but but this market is showing rapid growth.
Thus, it is clear that if you choose normal coin, your investment gonna get almost same amount of the market growth rate.

Be a holder!!!

[CryptoScorpio]

Holding in my opinion because you need to have a lot of time to be a day trader and you have to watch the market daily about 10 hrs.And moreover, trading involves a strategy that high investment high profit.so if you want to sustain as a trader you need more money to invest in. I prefer short-term trading as you don't need to spend more hours daily.Long-term holding is good too.

[ukboss]

Here is two advice for you. One Advice is if you have a cool money That Means huge money then you can hold a coin and Two advice is if you have not a huge money then you can start crypto trading but first time you need to must check all this coin and you find out which coin is better for holding and trading.

[adam1230]

I will suggest you to be hodler in major altcoins such as eth, xmr, waves etc. And for other alt coins look for dips to buy.
And trade for easy profit around %5*%10 this will make you happy. And exchange your profits to btc to stay safe.

[vandvl]

its up to you if you are a safe player just go to be a holder if you are a risk taker go to trader.. but of course if you go to trade just study first lot of study trading has big amount to invest.

[Hallmader]

Hi guys,

I am considering whether I should be a coin holder, buy tokens and holder them for a long time or whether I shall be a day trader, trade coins on daily basis. If you are a day trader, what is the factor that force you to buy a specific coin? Is is an announced event, burn, conference? What is it?

I really want to become a good day trader but it requires a lot of studying. I do not have enough charting skills. I think day trading is a very profitable way to earn profit. It is much more profitable than just pure hodling. Hodling is my main thing right now pending my skills-learning to day trade. I scalp a bit sometimes though.

[Dolarin]

I think you should give yourself the answer to this question. To be a day trader not easy and you have to solve is getting them or not.

[Geenstijl]

Trader is a very smart and experienced guy with steel balls, who is working all day long. If you want to mix your live with crypto, if you like to study, if you have strong nervous system, if you have 8+ free hours per day then you are welcome Overwise you should be a hodler.

[happyme1818]

Hi guys,

I am considering whether I should be a coin holder, buy tokens and holder them for a long time or whether I shall be a day trader, trade coins on daily basis. If you are a day trader, what is the factor that force you to buy a specific coin? Is is an announced event, burn, conference? What is it?

There are four types of trader. Scalpers, day trader, swing trader and position trader. Scalper are those who buy on deep and sell it immediately after a few second or minutes. It is very risky and you may lose if it didn't bounce. Day traders buy a coin and didn't hold it overnight. Swing traders usually buy and wait for days before they sell to get better profit. While position trader are those who buy and wait for several weeks, months or years to get a huge amount of profit. Choose which trade you are fit base on your lifestyle and activities. I would recommend swing and position trading for better profit.

[traderethereum]

Hi guys,

I am considering whether I should be a coin holder, buy tokens and holder them for a long time or whether I shall be a day trader, trade coins on daily basis. If you are a day trader, what is the factor that force you to buy a specific coin? Is is an announced event, burn, conference? What is it?

if you can do day trader then its good but if you can not selling at the price now, i think be a hodler is good so you can wait the price is back increase again. i think its not force me but i want to buy the coins after doing some research for each coins. i think if you want to do day trader then you should always check each coins so you can choose the right coins and you can sell it after you buy to make profit but its not easy because sometimes the coins can not increase soon after we bought.

[kryptqnick]

it's best to forget day trading. i don't know where the idea it was easy came from, but it certainly is not.

most people will throw their money away in no time. even if you keep your head above water it'll dominate your life and you could lose it all in a few moments if you're not sensible.

with most coins if you'd bought them at the start of the year and done nothing you'd be sitting on truly insane profits. day trading's an increbible amount of effort with massive potential downsides.

I couldn't agree more about daily trading being too hard, risky and useless. Surely if one needs regular income from investments then daily trading is appropriate, but getting good profit is a lot easier when you are investing in a good coin long-term. With time, most of top cryptocurrencies grow in price and so the profit is almost guaranteed. Surely you'd better keep track on the prices anyway and check the news if your coin suddenly drops, but it's still a lot easier and requires less risk.

[sweerty1]

You surely should be long term holder if you don't have mountains of money already.
Day traders in the world do it for daily thousand dollars. You can never win something like that using 5000 dollars or something.

[eodchop]

at the moment I try to ne a daily trader
but it takes rather more than 8 hrs per day
rather entertaining, but I am a bit tired
now I think over just holding some valuable projects