Day Trading or HODLING

[BlockGemini]

When I first started day trading crypto earlier this yeah in low 1k's for BTC and about 80-90 for ETH I started making ridiculous amounts of profit and fast! I was mostly using Kraken, which I wont even get into how shit that platform is but anyways as im sure most are aware the massive correction/dip/crash whatever you want to call it wiped out majority of the profit earned prior.

I was forced to learn the hard way that if I had just held those original investments, no leverage, no day trades I would have made 10x more in the long-term. How many of you have experienced this same thing over the last 8 months???

Interested to see the perspectives, specifically with alts...

[voltesbit777]

When I first started day trading crypto earlier this yeah in low 1k's for BTC and about 80-90 for ETH I started making ridiculous amounts of profit and fast! I was mostly using Kraken, which I wont even get into how shit that platform is but anyways as im sure most are aware the massive correction/dip/crash whatever you want to call it wiped out majority of the profit earned prior.

I was forced to learn the hard way that if I had just held those original investments, no leverage, no day trades I would have made 10x more in the long-term. How many of you have experienced this same thing over the last 8 months???

Interested to see the perspectives, specifically with alts...

This question has been asked many times, since you are newbie it is much better for you to hold the coins you have. So that you can maximize or minimize your losses anyhow. Then while doing it, make reading most often here in the forum so that you are feeding yourself knowledge about everything here like knowing what bitcoin is, Basic trading, and other's.

[Wind_FURY]

I experienced the same thing last year but my losses were not that large because I never used leverage. But those losses still hurt me because all the money I used for day trading was hard earned. After 6 months of losing, I came down to "buying the dips" as my main strategy, and it has worked very well for me since February, 2016.

[SoulBargain]

When I first started day trading crypto earlier this yeah in low 1k's for BTC and about 80-90 for ETH I started making ridiculous amounts of profit and fast! I was mostly using Kraken, which I wont even get into how shit that platform is but anyways as im sure most are aware the massive correction/dip/crash whatever you want to call it wiped out majority of the profit earned prior.

I was forced to learn the hard way that if I had just held those original investments, no leverage, no day trades I would have made 10x more in the long-term. How many of you have experienced this same thing over the last 8 months???

Interested to see the perspectives, specifically with alts...

This question has been asked many times, since you are newbie it is much better for you to hold the coins you have. So that you can maximize or minimize your losses anyhow. Then while doing it, make reading most often here in the forum so that you are feeding yourself knowledge about everything here like knowing what bitcoin is, Basic trading, and other's.

Also, if you really want to enter trading then just use a little amount. You should know that trading is not for everyone. Every successful trader, those who profit, has a unsuccessful trader. For me, I just hold my money. I really want to learn trading that's I've used some bitcoins but no that much and played with it until I have a grasp of it. I just thrown a money that I'm prepared to lose.

[Herbert2020]

you should do whatever feels more right to you. you said you already tried so you have some experience, some taste of each one. it should be easier now to choose between them.

if you ask me i choose both.
but i choose my timing better. i mostly hold bitcoin and never day trade it. when i see i can predict the market well enough, i start trading. for example sell before a dip and buy back when i feel like the dip is near the end. the other times that i have hard time predicting, i simply stay away.
then i trade altcoins. i never have any attachments to any of them so it is easy for me to dump them fast.

[cioloxl]

Day trading is very risky. I mean, I know a decent amount of TA, but in crypto TA is just useful on a short scale. Crypto is influenced by rumors, hence the saying "buy the rumor, sell the news". Trading analysis has little against a teenager with a lot of time that coordinates a fud attack on a particular coin (albeit, we're talking about smaller caps). I use TA for big coins, looking for entry points.

[DaMut]

that is why many people will tell you to hold your coin no matter what,
until now i always mises the 'massive' profits due to Day trading,
to be honest day trading is not a good start/strategy for us who do not really understand how it works and for them who can not move the markets.
every month i always misses 4x pump due to day trade,
but i never regret it,because my biggest goal as a trader is to secure the profit not losing it.
with the time i started to learn it and trying to surpress it a little bit,
no matter how good you are in day trade,your profit will never can surpass the holders.
that is the fact and the reality that we should know!

[Caesar-Giulius]

My strategy is to hold, it is less stressful in my opinion.

Day trading can earn good profits but it is time consuming. I have a day job and can’t be on the trading screen watching the whole day, doing research and analysing the market.

[eternalgloom]

My strategy is to hold, it is less stressful in my opinion.

Day trading can earn good profits but it is time consuming. I have a day job and can’t be on the trading screen watching the whole day, doing research and analysing the market.

Yeah same here, I just don't have the time to learn about it and actually do it every day and the possibility of making losses due to bad trades makes me think that it isn't really for me anyway.

Also, I'm not too keen on keeping large amounts on exchanges, doesn't seem like a good idea, but for day trading it's a must.

[BTCLovingDude]

When I first started day trading crypto earlier this yeah in low 1k's for BTC and about 80-90 for ETH I started making ridiculous amounts of profit and fast!

this is what i once warned people about.
by that time the altcoin market was all pump and always rise only. this made a lot of confusion among those who started trading. they all thought they are good at it and understand the market.
i don't know if you are exactly among those but many were and they are not facing the reality of the altcoin market while they keep losing money each month as the same altcoins have dump only.

I was forced to learn the hard way that if I had just held those original investments, no leverage, no day trades I would have made 10x more in the long-term. How many of you have experienced this same thing over the last 8 months???

Interested to see the perspectives, specifically with alts...

well as you can see the only coin that has a solid rise in the long term is bitcoin. i never expect a 10x rise out of it in something like a year but it is a good profit with lower risk than others.

for altcoins, things are different. if you look at their charts it is extremely rare to see a consistent rise. for example in a year you see price stable with a little drop then in 2 months out of 12 you see a big pump which lasts 2-3 weeks to reach the ATH and it is all downhill from there.
not knowing this pattern can mean getting caught in the dumping side of the hill top.

[Wind_FURY]

Day trading is very risky. I mean, I know a decent amount of TA, but in crypto TA is just useful on a short scale. Crypto is influenced by rumors, hence the saying "buy the rumor, sell the news". Trading analysis has little against a teenager with a lot of time that coordinates a fud attack on a particular coin (albeit, we're talking about smaller caps). I use TA for big coins, looking for entry points.

If you have not noticed, technical analysis in Bitcoin does not work in the same way as stocks or commodities. Bitcoin follows its own sets of rules, and I believe some call it the "permabull" or the "honey badger", because it keeps going up.

Even Wall Street bankers are left puzzled by it,

[xenxen]

its better to hold for now and study the strategy of day trading..dont rush to do this because day trading is risky since you are a newbie better to read first about trading. and if you ready to encounter for day trading just do all with no emotion and ready to face the risk..but if you are a pro to day trading theres no worries we all know that trading can give huge profit..

[DevilSlayer]

When I first started day trading crypto earlier this yeah in low 1k's for BTC and about 80-90 for ETH I started making ridiculous amounts of profit and fast! I was mostly using Kraken, which I wont even get into how shit that platform is but anyways as im sure most are aware the massive correction/dip/crash whatever you want to call it wiped out majority of the profit earned prior.

I was forced to learn the hard way that if I had just held those original investments, no leverage, no day trades I would have made 10x more in the long-term. How many of you have experienced this same thing over the last 8 months???

Interested to see the perspectives, specifically with alts...

Day trading and holding are both profitable. Those two are really effective to gain more money but for me, it is better to use holding than the day trade. Many people became rich because of holding many coins.

[Nasty23]

When I first started day trading crypto earlier this yeah in low 1k's for BTC and about 80-90 for ETH I started making ridiculous amounts of profit and fast! I was mostly using Kraken, which I wont even get into how shit that platform is but anyways as im sure most are aware the massive correction/dip/crash whatever you want to call it wiped out majority of the profit earned prior.

I was forced to learn the hard way that if I had just held those original investments, no leverage, no day trades I would have made 10x more in the long-term. How many of you have experienced this same thing over the last 8 months???

Interested to see the perspectives, specifically with alts...

Day trading and holding are both profitable. Those two are really effective to gain more money but for me, it is better to use holding than the day trade. Many people became rich because of holding many coins.

I'm also agree that both of them are profitable but day trading is much profitable than holding because in day trading you can make several trades and also earn a good profit within the day even there is a big risk of losing money.

[DaddyMonsi]

If have a lot of time to stare in front of your computer to wait for the right time to sell then Day Trading is for you.
For me, day trading is more profitable. Imagine you if you can Buy and Sell 2-3 times a day with 3% profit on each.
But Day Trading requires research, timing and discipline, you need to watch your emotions carefully.
For Hodling, research is important. You need to avoid buying an ICO that is good for nothing or just a scam or a hype.

[Fuhre]

When I first started day trading crypto earlier this yeah in low 1k's for BTC and about 80-90 for ETH I started making ridiculous amounts of profit and fast! I was mostly using Kraken, which I wont even get into how shit that platform is but anyways as im sure most are aware the massive correction/dip/crash whatever you want to call it wiped out majority of the profit earned prior.

I was forced to learn the hard way that if I had just held those original investments, no leverage, no day trades I would have made 10x more in the long-term. How many of you have experienced this same thing over the last 8 months???

Interested to see the perspectives, specifically with alts...

Day trading and holding are both profitable. Those two are really effective to gain more money but for me, it is better to use holding than the day trade. Many people became rich because of holding many coins.

\
Everyone has their own trading strategy, I myself choose daily trading, because we can know what will happen in the market, if you think everyone can get rich just because holding it. But what if you expect it does not happen at all? I mean, if you buy a coin for $ 100 and you hold it, but in reality trading in the market is very bad, and the price drops drastically. So what will you do? Still holding? Or do you sell it with a loss?

[BrewMaster]

hodling alone is not profitable!
you hodl as a long term investment, for example you buy bitcoin when it was $200 2 years ago and hodl it for years (at least 5) and start either selling or spending depending on where you are to take that profit.
the same with any price though, $200 was an example. you can buy now at $5500 and hodl for 5 years and spend bitcoin when it is $500,000!

trading, or day trading, is when you want more profit than what you are already getting. i have tried both and i found that doing trades when i am most sure is the best strategy i can take.
i keep profit in bitcoin so i am always happy.
when i am sure of a movement i make a decision and for example sell before an FUD dump and then buy back in a couple of days when it is at the bottom. to have more bitcoin in my HODL wallet.

altcoins come in as the second part of my short term profits. since they are getting pumped, the potential profit that can be made from them is absurdly high. again here i go in only when i am sure not when i guess.

[deadsilent]

That depends on your available time. If you don't have a job or you are free time. You can day trade. Day trading requires more time to spend since you have to monitor the movement every minutes and hours to look for opportunity to get some profit. But let tell you. Day trading is more risky than long term trading. We l know the crypcurrency nature. It's very unpredictable. Wild swings happens. If you have the skill. Then go for day trade. But if you are lack of knowledge on day trading. Long term is recommended. It maybe take too long to get profit. But it's more safe. Also the market still on massive correction right now. I don't think it's an opportune to day trade.

[n0ne]

Being a day trader is not that simple. Lot of users get I to day trade leaving back their regular job. This completely gets them into big risk, because with day trading one needs to be active as well needs to have good knowledge about the market variations. Whereas with holding all that required is a capital to buy and the increased security enabling to keep the bitcoins in a much secure manner as it can be viewed after long term.

[owates]

Well to me I prefer daytrade, seeing the way all these pump and dumb group are dealing with altcoins, is not advisable to keep so long. The only coin I can buy and keep without minding is btc