HODL vs Day trading

[amzadabir]

Be smart with luck and good luck with timing. I have tried several times day trading, followed the market, learned about scalping and other techniques etc. The end result: I've done many research now and I've believed things (if I'm now).
Even when I was "Oh I 10% trade day with my holdings" that 10% turned into 5%
But hey, YMMV I'm not good at trading, and that's the price given to lose that money I learn.

[bitcoinisbest]

To earn in cryptocurrency u should hold as in day trading u cant make money as it can go to the any direction.

Trading is not easy as you can make heavy losses if you end up in opposite direction of price. In hold yes if market do fall, in coming time it will rise and you can get return on your investment which may not be the case in trading. But higher the risk, higher could be rewards as well.

[Pandji02]

Yess i like To Hold for aktif coin becouse i believe oneday will get hight price,and yess i like to sell when coin price just like rolling price,dont you thing the token holder ever stuck in low price? I dont need like that..

[cryptohunterJestes]

Both are profitable. Day trading requires you to have much time daily as you are full time trader. But holding for longterm is good for persons who dont have much time but before you buy a coin to hold you must study it.

[upsidedown75]

To earn in cryptocurrency u should hold as in day trading u cant make money as it can go to the any direction.

You think those who are day trading are just doing it for the fun of it? The only reason I do not day trade is because of the stress but if you are good and skillful, you can make a lot from it, but I prefer the short term trading instead.

However, instead of holding, for the OP, he can just go the long term holding way, download blockfolio on his phone to have all his assets in one place and monitor their values, and if he can learn long term trading, it would be fine, but all the same, it is not a bad idea to hold as well if you do not want to stress yourself with all the trading knowledge.

[el kaka22]

Thanks everyone for the responds..all very helpfull..

Im thinking that i am more to hodling due to my restricted time to monitor trading. but then, another question come..when you hold several altcoins, do you hold it in 1 wallet? for now, im hodling XRP, ADA, XLM coins, which look like i need different wallet for each of them. or not?

It is good you have been able to find help in all that we have said, and it is good you have considered just holding since you have no time to monitor. With respect to your question, there are some wallet that allows multi-currency and also give you full control of your funds which is the private keys and you can store them or you can make use of the ledger Nano cold storage even though it comes with a price to store all your assets and for the ones that are not available, you can just generate a paper wallet for them. For the ones you are holding, you may need to generate paper wallets.

[Ashimwe]

Trading is for experts who understand technical analysis at its best, besides I would say trading is very risky as you might loose all your capital in a short period of time, I personally prefer hodling and I would assure you holders of good projects or coins gain more profits than traders, I will go with hodling

[xitrum]

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

I believe you should not trade today, can see that bitcoin prices are extremely strong today made altcoin plummeted, the market is going down and there are no signs of recovery. Therefore, the trade will be extremely dangerous and the risk of loss will be high. I think bitcoin prices will continue to fall sharply in the coming days and will touch $ 7200.

[Duzter]

It is good to make yourself active into trading. This will get us a stable earning unlike the price increase or decrease, and this has got some risk in it as we can't predict the market in a precise manner. Holding is good, but the same won't be getting us the profit when we're in need. It grows and we need to wait for that particular instance to benefit.

[gudrun]

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

I think we should continue to hold, it can be seen that the market in recent months is fluctuating continuously and extremely complex, bitcoin prices are constantly falling in recent days and may reach the $ 7200 level in Today, therefore, today's business is very dangerous and extremely risky.

[yohaneshs]

You should learn charts and try to predicted prices in the future. If we're looking a momentum to bullish, i think it's good to hold until get your target prices.
Day trading is making trades that last for seconds or minutes, taking advantage of short-term fluctuations in an asset's price.
HODL is same thing with long term trading. i don't like to hold my money in crypto without good calculation

[V-t.Ester]

It's up to you! You can hodl or/and trade. Anyway, all crypto currencies are in bottom now, so it's time to buy Bitcoin or some alts.

[Johnyz]

To earn in cryptocurrency u should hold as in day trading u cant make money as it can go to the any direction.

Holding can make you profit over time but of course day trading can also do the same if you are knowledgeable enough to do it. You must understand the risk before you make a decision, don’t always think about the money.

[Scallywag]

day trading is becoming very difficult in a bear market like this , so i think it is better to hodl now. some people are probably making money trading now but for most people i would advise to sit back and relax a bit , and wait the market out. better times are coming for sure.

[bandungan]

To earn in cryptocurrency u should hold as in day trading u cant make money as it can go to the any direction.

Holding can make you profit over time but of course day trading can also do the same if you are knowledgeable enough to do it. You must understand the risk before you make a decision, don’t always think about the money.

if we hold the coins too long without selling them, we certainly do not get any profit, we should be smart to speculate to use some of the coins we have for trading and also to hold in order to always get a bigger extra profit.

[Quidat]

To earn in cryptocurrency u should hold as in day trading u cant make money as it can go to the any direction.

You think those who are day trading are just doing it for the fun of it? The only reason I do not day trade is because of the stress but if you are good and skillful, you can make a lot from it, but I prefer the short term trading instead.

However, instead of holding, for the OP, he can just go the long term holding way, download blockfolio on his phone to have all his assets in one place and monitor their values, and if he can learn long term trading, it would be fine, but all the same, it is not a bad idea to hold as well if you do not want to stress yourself with all the trading knowledge.

Long term and day trading would never be the same in terms on making money but on the main concept they are really just the same.I agree that day trade is more very stressful on my part rather than on just simply holding.Only few traders does have the capability or skills to sustain on day trading.Profits might be small but those are on constant basis which i do see this is way more profitable than on just simply holding.

[hahahafr]

It's up to you! You can hodl or/and trade. Anyway, all crypto currencies are in bottom now, so it's time to buy Bitcoin or some alts.

No way, if you decide to trade with the actual markets, you are very exposed to have incredible losses.

That is why i am always trying to be away from this kind of markets, specially in this super-bearish-trend that is taking more than what we all were expecting in here.

Well, just my opinion.

[butka]

I agree that day trade is more very stressful on my part rather than on just simply holding.Only few traders does have the capability or skills to sustain on day trading.Profits might be small but those are on constant basis which i do see this is way more profitable than on just simply holding.

I would also add that daily trading requires a lot of emotional discipline. We all tend to react emotionally to market changes, get overexcited easily. Learning how to stay calm is a must for a successful trading.

[danherbias07]

Hold for a minimal risk and trade if you are the gambler type.
Before I use my profits from the signature campaign of Yobit to buy other coins.

One is Lisk which have been profitable for me even just for a short run.
I didnt know it could come to this price right now.
That was a long time ago where LSK is valued at 30k satoshis.

See that. If only I just Hold that number of Lisk I could have been in bed of money.

[iMark]

I agree that day trade is more very stressful on my part rather than on just simply holding.Only few traders does have the capability or skills to sustain on day trading.Profits might be small but those are on constant basis which i do see this is way more profitable than on just simply holding.

I would also add that daily trading requires a lot of emotional discipline. We all tend to react emotionally to market changes, get overexcited easily. Learning how to stay calm is a must for a successful trading.

Yeah can be said only expert and experienced traders are suitable for day trading because it takes a patience and high time dedication to a day trading, let alone the risk is also quite large, I myself prefer to holding because it is more relaxed, lower risk and of course profit as well can be quite big