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Author Topic: HODL vs Day trading  (Read 3060 times)
ronpan
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February 12, 2018, 01:36:53 PM
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Hi. Just wanted to know u guys opinion of do the day trading and hold. Thank you in advance.
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February 12, 2018, 01:53:22 PM
 #2

It depends on many factors, and there is a large area between these two. Trading requires skills and experience. Potentially, it is more profitable than holding, but not everyone can do it. Trading is dangerous, it is equally possible to loose a lot. Actually, one can do both, hold the majority and trade small amounts, or hold bitcoins and trade altcoins. Personally, I prefer to hold all my BTC and occasionally (rarely) trade some altcoins, usually not within a day.
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February 12, 2018, 02:01:07 PM
 #3

Using bots (e.g GunBot) could help for trading but unless you know what you're doing, I wouldn't recommend day trading. Hodling is better If you're not in a rush for profit.

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February 12, 2018, 02:02:17 PM
 #4

Depends also on the country you live in. Inform yourself if you have to pay tax on trades. In many european countries, you will have to pay tax when you aren't holding the coin for at least one year.

I prefer holding. I just look for interesting projects and hold them long term.

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February 12, 2018, 02:45:15 PM
 #5

I'm always torn between the two. Half of me wants to try day trading and once I go in, my other half tells me to just hold and put in new money. In the long run, I end up holding and cost averaging
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February 12, 2018, 03:04:04 PM
 #6

Not good choice if you do day trading because you will spend more fees than holding and waiting for the higher price before sell..
Also the benefits of holding coins is to get the maximum profit you can get.. if you bought them in low price ..
And honestly you can't monitor them in time to time.. If you are investing in bitcoin i suggest you to hold but there are some altcoins are sometimes the price is getting worst if you still holding them. So what should you do is to investigate if they had a solid devs that you think in the future that the price can increase higher.. there are lots of coins honestly are getting increase its value for long run ..

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ashikerrez
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February 12, 2018, 03:51:56 PM
 #7

Day trading I mean live trading, not for everyone. Only for them who know about the market well and who can analyze market well. It is very tough for a newcomer. You may lose your money if don't know well about the market. But HODL trading for everyone, it is very easy for them who have enough patience. Just buy good coins, not shit coins and HODL them until you think that profits enough for you.
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February 12, 2018, 03:57:10 PM
 #8

Day trading is super risky, but can be done if you want to spend all day working on your position. I'm not a fan of it and believe that it leads to market manipulation and a less stable price for coins across the board. Personally I am hodling my portfolio to experience long term gains without spending every second of the day updating my portfolio.
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February 12, 2018, 04:05:14 PM
 #9

Day trading is too risky if you are a newcomer. But even not, i agree its too tough. I cannot do it. Better i prefered to a holding altcoins. At least you are comfortable. Its up to you when you want to sell it. It makes you more calm.
ronpan
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February 13, 2018, 12:50:44 AM
 #10

Thank you guys for the opinion. Really appreciate it. 🤙🤙🤙
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February 13, 2018, 01:07:08 AM
 #11

Hi. Just wanted to know u guys opinion of do the day trading and hold. Thank you in advance.

Hodling is the best option for me.Although I have day trade as well in the past. But I just prefer to have a steady income and not focus on my trading career as I have a job outside of crypto's.

But if you just want to feel how to be a trader, I advise you to try it with small amount and see how it goes for you. Hodling eliminates the headaches and frustration not to mention that amount of money you could possible lost because it's very risky.
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February 13, 2018, 02:48:04 AM
 #12

I would suggest to hold your coins. Day trading is quite risky for a newbie and besides you won't be able to feel the profit from day trading because aside from the fee you have to pay every time you trade, the increase of price in daily basis is not that drastic. The best way to grow your money is by keeping it in your wallet and waiting for its increase after a few months or even years. Just make sure that you invest in a coin that has a high potential of growing in the future. Choose coins that are perfect for long term investments and you are good to go  Wink

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February 13, 2018, 02:49:10 AM
 #13

I am holding but not for long xD No day trading for me, for sure, but I buy with a target to sell within 3 month.
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February 13, 2018, 03:07:48 AM
 #14

For now daily trading is more profitable than holding for the long term, because the price of all coins lately is very significant increase and decrease every day, so it is very good to be made profits Grin

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February 13, 2018, 03:23:27 AM
 #15

Hi. Just wanted to know u guys opinion of do the day trading and hold. Thank you in advance.

Cryptocurrency market is volatile that's why there are many trading opportunities you can take. It depends on your risk appetite what kind of trader do you want to be. Day trading can be stressful but in exchange of that, you can become knowledgeable in the crypto market in which you take your losses as tuition fee in learning so that later on , you will be able to hone your skills and become profitable in the future. If you are busy and cannot dedicate time in trading then you can just choose to hold your coin because there is a chance that its value will grow in the future if you are holding a coin that has a lot of potential.

Some traders choose to hold their coin instead of day trading it because emotions are hard to control when trading and there is a tendency that they will lose more than be in profit by being emotional that's why they chose to just wait for the price to grow whenever it may be. They said if they just hold their coin then they have more profits than trading it but if you know what you are doing then you can be profitable in day trading too.
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February 13, 2018, 03:31:20 AM
 #16

I prefer daily trades because the coins I bought do not include big coins like bitcoin or ethereum so I'm not so brave to hold this little coin every day, at least 1% -5% of my target in getting profit in daily trade.

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February 13, 2018, 03:31:49 AM
 #17

Hi. Just wanted to know u guys opinion of do the day trading and hold. Thank you in advance.

Hodling is the best option for me.Although I have day trade as well in the past. But I just prefer to have a steady income and not focus on my trading career as I have a job outside of crypto's.

But if you just want to feel how to be a trader, I advise you to try it with small amount and see how it goes for you. Hodling eliminates the headaches and frustration not to mention that amount of money you could possible lost because it's very risky.

Nope I cannot agree with the eliminating the headaches and frustration thing there since actually hodling is mind battle since if you see that the coin you hodl are down for 60-80% i'm so sure that you cannot sleep with good sound with it. And hodling is just for emotional hardened guys since as you said doing this kind of act is so distrubing and people can handle the pressure bare with it should only do an day trading which I can be called as safe way method of trading if proper act will be executed by the person who do it.

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February 13, 2018, 04:05:04 AM
 #18

I am now playing both roles as hodler and trader Wink

Mr. Tinh Tran is among top 15 Global ICO Experts on ICOBench
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February 13, 2018, 04:35:12 AM
 #19

Basically both are can obviously be profitable, adjusting it with your basic skills and existing conditions. Success lies in our personality responding to everything and deepening something that must be learned more deeply to mastering it.

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February 13, 2018, 05:51:49 AM
 #20

each of these methods have their own advantages and disadvantages.

HODL or long term investment:
pros: it is easy to do, you don't have to worry about short term fluctuations, the risk is also lower, you only need a cold storage to securely store your coins, and you only need to find a solid investment like bitcoin.
cons: the profit will be big but not as big as day trading and  your choice needs to be good. if you choose a wrong thing to invest like an altcoin and that goes down in the long term you just locked up your money and not only made no profit but also lost a lot.

day trading:
pros: it can be very profitable because the market is very volatile and there are lots of huge pumps in altcoins which can give you a lot of profit, you have a lot of choices and even if you make a wrong one you can pull out immediately and prevent big losses and put the money in another thing to cover the small loss and make more profit.
cons: it is hard to do and it is time consuming, it is highly risky not just because of the way market works but also because exchanges are not trusted!

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