Holding BTC vs Day trading or short term trading.

[Omega Weapon]

indeed all daily trades have greater risk than long-term trading, but if you have time for short-term trading by always looking at market movements I think it can minimize your risk

No, day trading is the riskiest way to trade, many people with no experience or knowledge try day trading only to lose all their money, so take your time, at first make very long trades, trades that could last months are a good idea to start with then reduce this to a few weeks and keep doing that until eventually you can day trade, but personally I have not time for that and that is why I am a long term holder.

[1714060279]

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[1714060279]

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[1714060279]

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[Hanazawa]

I was newbie in crypto world so I don't have bunches of knowledge about cryptocurrency but I should go to study very hard to understand what makes me more knowledgeable in crypto world. But for me I think long term investment is a good ways to get more profits but this strategy takes a several months or years to earn. Aside from that trading in another key for good source of income, live trading, daily trading (day trade) is also good but it was very tiring.

[Roukawa]

So I have been in crypto for a while now, February precisely, and regrettably I wish I had never dabbled into day trading or short term trading. I have been burnt a lot trying to play the game of trading. Often times I end up buy too high thereby becoming a bagholder, and when I finally sell, it's at a loss.
So I can't help but wish I had just held on to my BTC. Would have been grinning from ear to ear today.  #Lessonlearned

I guess we can hold BTC while having a day trading. It will help us to become profitable someday. If we will just focus on one part of investment, there is a tendency that we will lose more.
Day trading is effective when you can read the charts and predict the price for about an hour. It is also good if there is a bull run market. But I think it is good if we will just hold it and set for target so that it will not become hassle to us.

[atorle]

I prefer to hodl for long term since price is more likely to go up in the future, I am not a professional trader so i avoid it and avoid loses