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Author Topic: Holding BTC vs Day trading or short term trading.  (Read 1193 times)
imstillthebest
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November 06, 2017, 12:55:40 PM
 #41

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

day trading and  short term trading is actually not bad nor good either and you can probably earn a good income on it if you know what you doing because you know trading is not an easy thing to do therefore you have much understanding and doing your own research about how stuffs works in order to adapt it and make a profit on it. though most of us are still prefer long term holding because that is seems easy to do compare to the  other two.

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November 07, 2017, 09:47:28 AM
 #42

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

Either  which the three of them you choose to do in cryptocurrency whether you choose holding bitcoin,day trading or short term trading,you must need a strategy,and researching all your plan before doing an action.by researching and self instinct you can figure out ,what happen the crypto market,so that the outcome you can gain more  profits  of trading or your benefited of holding your bitcoin,without affecting your current asset.

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November 07, 2017, 01:45:10 PM
 #43

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
For this purpose there are two very usefull tools. One is stop loss. place a limit where you sell at a loss, but is a loss that you expect you can recover from. The other is play with coins you believe long therm and where you are bag holding, just wait. the market have cycles and you you are in a red or even black cycle you just wait.
It seems that you are a beginner in this field but do not get disturbed because it is very common to face losses at first. Trading requires a lot of experience and an analytical thinking to get the most out of it.

Just focus on the price of various digital currencies and only buy at low prices and sell when price is quite high. In this way you can earn profit that would be helpful to you for buying some more coins and repeating the cycle along with some savings that could be utilized for other needs.

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November 08, 2017, 08:22:02 AM
 #44

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

Day trading or short term trading is not for everyone and requires a certain skill set as well as mental control. Although you say you've learned your lesson perhaps what you have learned could be used to have better results again in the future, you've identified that you buy too high so try and correct this and be even stricter with what price you buy at.
It is certainly not for everyone and that is the mistake most newbies in trading always make.
They usually feel they can just gamble their way into trading, make some decisions that they feel could be right and then end up being wrong.

They are always the FOMOs most time looking for the coin that is rising and then trying to quickly make some gains and just like the OP ends up being bag holders.

Anyone who wants to trade very good, should first consider the kind of coins they want to trade, then always look for the best position and then have patience until they hit with some strategies too, in case they are losing.

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November 10, 2017, 01:55:31 PM
 #45

For me in my opinion it's better to sell BTC in short term trading. Because you will never know when it will pump and dump Smiley as you can see there is a time which bitcoin getting dump and other coins will rise. Better sell it in short term trading then buy again if the price will dump.
Everyone has his own opinion but I think otherwise. I think of holding of bitcoin as the most appropriate option. It is you who has to decide as per your own skillset and experience. For me, holding is the best thing to do but things may be little different in your case. Short term investment is also a very good thing to do but for that you needs to be very, much active and sharp minded person.

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November 10, 2017, 06:19:33 PM
 #46

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

Short term trading is also profitable, Even that your gaining small profits it will still grow when you save it all. Holding btc is more profitable but still you need to use some of your coins for your daily needs so i prefer that you should trade everyday and monitor the market if you use bitcoins for living.
Short term trading is really very profitable if you have some good amount to trade with. I have been doing short term trading for months and I have made some very good increase in my BTC amount since then. You just have to find the perfect portfolio and then stick to them.

Once you have some pretty good strategies with your trading, you will never go wrong and that includes having strategies for getting out of losses too. Day trading is much more stressful and you can lose a lot if you do not do it well.

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November 12, 2017, 07:49:45 AM
 #47

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
Good you have learnt your lessons and which obviously balls down to the fact that you did not learn before starting to trade or you just followed some signals blindly and you were led wrongly. The thing is that it is better to hold and not trade at all when you do not have the skills to trade because you will always get burnt. Lots of people have, and so many people will even in future. However, if you are good, short term trading has been very effective, for me anyway and you can make a whole lot from it.














 

 

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November 12, 2017, 02:31:47 PM
 #48

Choose to trade instead of holding might look like a good idea, but the true is that in most cases it isn't. History has shown that people who invest in a good asset and hold for the long term manage to outperform most traders.
The problem is that you hear more about people who make a lot of money in this market, and little regarding those who lose money, which are the vast majority.

There are people who have a good touch for trading and for these kinds of people, trading would be the better choice. For most of us though, holding ia the safest way dealing with btc. If you're having a hard time with the ups and downs of the market, stay put with your btc

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November 12, 2017, 02:40:27 PM
 #49

I'm doing long term trading and mainly holding on to BTC (and alts, for that matter), as an investment for the future.
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November 12, 2017, 03:49:38 PM
 #50

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
Good you have learnt your lessons and which obviously balls down to the fact that you did not learn before starting to trade or you just followed some signals blindly and you were led wrongly. The thing is that it is better to hold and not trade at all when you do not have the skills to trade because you will always get burnt. Lots of people have, and so many people will even in future. However, if you are good, short term trading has been very effective, for me anyway and you can make a whole lot from it.
Short trading can be learned though but would really takes time for you to master it and would really depend if a person can easily caught up or do have the time to put into day trading which we do know it does really require too much time and effort fro you to master it.Even professional traders do commit mistakes and in the situation of newbie we do really make mistakes and cant be avoided since we do lack of knowledge but later on when we do already know those things we would really avoid that on next trades.



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November 12, 2017, 06:41:36 PM
 #51

It depends on what you want but all of your example terms is profitable and of course much better if you hold your bitcoin for long period of time because value of bitcoin are non stop to increase and if you have huge bitcoin it can generate huge amount of profit. But if you have small amount of capital much better to invest in in short term like trading and icos just you need time and more effort to research for good coin.
Patience and good skills is just what short term trading requires and then you can make a lot from it. Regarding ICOs that you have mentioned, it is really one very good way to trade too by investing in promising project ICO and then having a little patience to see them grow over time.

I have seen a whole lot of them growing hugely over time and giving the investors a very huge profit at the end.

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November 12, 2017, 11:05:04 PM
 #52

I'm doing long term trading and mainly holding on to BTC (and alts, for that matter), as an investment for the future.
It is good to hold the coin for the long term but you must be aware of the market situation too,if i made a profit and if i knew a big correction is coming i would sell off the coins and wait for the market to correct and then plan on entering it,rather than thinking about the future.


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November 13, 2017, 12:15:38 AM
 #53

All traders know that day trading is a very difficult task, it's better to do the trade  when you sure, trading can be very profitable, but most of the people think trading is easy and just blindly choose a coin to trade, I think you need to increase your basic trading skill, my suggestion is to start slow and try to gain experience as much as possible,but if you don't want to be annoyed by the chart and the trade then holding btc is great, it's more secure

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November 13, 2017, 01:42:42 PM
 #54

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

Either  which the three of them you choose to do in cryptocurrency whether you choose holding bitcoin,day trading or short term trading,you must need a strategy,and researching all your plan before doing an action.by researching and self instinct you can figure out ,what happen the crypto market,so that the outcome you can gain more  profits  of trading or your benefited of holding your bitcoin,without affecting your current asset.
Agreed! If you are not having some good plan back in your mind, then you’ll not be able to get anything good in result no matter which option you chose. I personally think of holding of bitcoin as the best option amongst all other options. It is because of the reason that holding of bitcoin actually means that you are going to have more amount of money at the end. The only thing which you need to do is to remain patient.

fiomcorka
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November 13, 2017, 02:16:19 PM
 #55

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

Day trading or short term trading is not for everyone and requires a certain skill set as well as mental control. Although you say you've learned your lesson perhaps what you have learned could be used to have better results again in the future, you've identified that you buy too high so try and correct this and be even stricter with what price you buy at.
It is certainly not for everyone and that is the mistake most newbies in trading always make.
They usually feel they can just gamble their way into trading, make some decisions that they feel could be right and then end up being wrong.

They are always the FOMOs most time looking for the coin that is rising and then trying to quickly make some gains and just like the OP ends up being bag holders.

Anyone who wants to trade very good, should first consider the kind of coins they want to trade, then always look for the best position and then have patience until they hit with some strategies too, in case they are losing.
My advice to you is that you should not go for day trading as your experience shows much about the lack of knowledge regarding the correct choice of coins in this type of trading. You should rather try to hold your coins because if there is on fork luckily, then the price gets high hence leading to earning money without any sort of investment. Day trading is short term method and it requires you to be experienced in this field so avoid it at beginner level.

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November 13, 2017, 04:33:44 PM
 #56

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

Day trading or short term trading is not for everyone and requires a certain skill set as well as mental control. Although you say you've learned your lesson perhaps what you have learned could be used to have better results again in the future, you've identified that you buy too high so try and correct this and be even stricter with what price you buy at.
It is certainly not for everyone and that is the mistake most newbies in trading always make.
They usually feel they can just gamble their way into trading, make some decisions that they feel could be right and then end up being wrong.

They are always the FOMOs most time looking for the coin that is rising and then trying to quickly make some gains and just like the OP ends up being bag holders.

Anyone who wants to trade very good, should first consider the kind of coins they want to trade, then always look for the best position and then have patience until they hit with some strategies too, in case they are losing.
My advice to you is that you should not go for day trading as your experience shows much about the lack of knowledge regarding the correct choice of coins in this type of trading. You should rather try to hold your coins because if there is on fork luckily, then the price gets high hence leading to earning money without any sort of investment. Day trading is short term method and it requires you to be experienced in this field so avoid it at beginner level.

I agree because I did try short term trading before and it really needs for you to have knowledge in trading and you have to have time for the short term or day trading itself if you want to earn profits everyday. It was hard for me and very time consuming so what I did was I switched to long term trading instead which also gives me ample time to learn more about trading.


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micleeiu398
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Today at 11:13:26 AM
 #57

All traders know that day trading is a very difficult task, it's better to do the trade  when you sure, trading can be very profitable, but most of the people think trading is easy and just blindly choose a coin to trade, I think you need to increase your basic trading skill, my suggestion is to start slow and try to gain experience as much as possible,but if you don't want to be annoyed by the chart and the trade then holding btc is great, it's more secure
It needs a lot of efforts to do day time or short time trading because whatever you earn today may lose tomorrow in short time trading.In day time you will have to follow charts every time in order to update yourself .In case of holding you need to be financially sound so that you can keep bitcoins. It is preferable to hold on your coins rather than day trading.You will get more profit in holding.

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Today at 12:01:07 PM
 #58

I'm doing long term trading and mainly holding on to BTC (and alts, for that matter), as an investment for the future.
How much % bitcoin you hold, % altcoin? I think invest for future is really good plan.

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Today at 12:10:38 PM
 #59

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

Day trading or short term trading is not for everyone and requires a certain skill set as well as mental control. Although you say you've learned your lesson perhaps what you have learned could be used to have better results again in the future, you've identified that you buy too high so try and correct this and be even stricter with what price you buy at.

Day trading is indeed very difficult and risky too. The only way to get profit from day trading is to have a VAST KNOWLEDGE of digital currency and a lot amount of coins.
I am saying a lot of amount of coins here because in day trading the price wont rise much but if you have invested a lot of coins , overall you will be in a lot of profit even if every single coin raise by a very small amount.

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Today at 12:34:46 PM
 #60

Day trading or short term trading is better than holding bitcoin because you maximize the volume of your bitcoin but their the risk of getting losing it if your not good in trading.

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