HODL vs Day trading

[psychie]

Depends on your available time or skills. Trading requires you to have time in looking the market and researching while Holding is not necessary to always check the market.

[dadumtuss123]

Tried to be a day trader for 6 months. And failed. Luckily I still hold some of my ETHs I bought at 300 usd. Please if you have another job, just buy the dip and wait

[anhtuan512]

In this time of unstable market, either bitcoin or altcoin go up and down in a short time, day trading is'nt a bad opinion.

[Dudeperfect]

Day trading is for those who can provide flexibility in their sessions, I have a full time job in non crypto industry so giving that time is not possible for me so I go with hodling. It doesn't mean that my friend should do the same. If he is better in day trading then he should explore the opportunities in the same. Ultimately, the decision is depends on the profile of the person who is willing to earn profit through speculation.

[fat buddah]

Tried to be a day trader for 6 months. And failed. Luckily I still hold some of my ETHs I bought at 300 usd. Please if you have another job, just buy the dip and wait

Yeah day trade is so hard for nervous everyday u spent more health then earn money Better to  trade long terms and invest in ICO or make bounty without loosing

[carodupuis]

It;s depends a situation on the market, If I have a target profit, I always HODL them
and sometimes Day trading to get a little of profit.

Day trading is not even for everyone and I wonder why the OP only compared only day trading and HODL. There is short term, there is long term, and I rather prefer that than just holding. However, since I cannot trust any exchange, I always prefer to hold most of my funds in my wallet and trade with the remaining ones. With that, at least I have a guarantee that if anything happens to the exchange, I will have something to fall back on.

[bitgolden]

It depends entirely on you.You must have your skills to do trading.Suddenly nothing is possible.But you can hold coins anytime.In that case, you have to choose good coins.So first you have to acquire skills.

The best thing that you can do is really to educate first yourself, set some goals and you will surely know what to do. Day trading is indeed requires a great skill for you to prevent big losses but if you think you can't do it better to hold great coins and set your target price this is much easier compare to day trading that can gives you so much stressed.

Why day trade when you can just learn the skills of how to do a long term trading for a holder. Trading generally requires skill, but day trading requires a lot of experience and I do not even expect any new trader to start with day trading. It is better to even go the long way and manage one's portfolio with that than just holding or day trading.

However, if these are the only two options available, and I can take a huge risk with a great knowledge of trading, then I can decide to day trade, but really, it is very risky.

[tikong]

Day trading may be more profitable but it needs skills to earn huge profits. You have to good tech. analyst to be a successful trader.
On the other hand, HODL strategy is a long-term investment. You have to analyze well about a coin/token before investing because this decision will make you rich in future.
So if you don't have time and skills then I suggest you go for HODL strategy and enjoy seeing your money grow.
 

[spyderbilt]

Day trading may be more profitable but it needs skills to earn huge profits. You have to good tech. analyst to be a successful trader.
On the other hand, HODL strategy is a long-term investment. You have to analyze well about a coin/token before investing because this decision will make you rich in future.
So if you don't have time and skills then I suggest you go for HODL strategy and enjoy seeing your money grow.
 

day trading is very good done by someone who has mastered the science of market and trading, so will not get a loss. but for someone who is still minimal I think a long-term mending hold for minimal risk

[Meowth05]

Day trading may be more profitable but it needs skills to earn huge profits. You have to good tech. analyst to be a successful trader.
On the other hand, HODL strategy is a long-term investment. You have to analyze well about a coin/token before investing because this decision will make you rich in future.
So if you don't have time and skills then I suggest you go for HODL strategy and enjoy seeing your money grow.
 

Indeed, however you cannot guarantee if that coin will pump because there are some cases that altcoins is one week dump just like bitcoin. Anyway, it is depend on what do you prefer, if you wanted to have instant income yet more profitable then go for trading and if you prefer to have a long term income yet less effort then go for hold.

[sana54210]

If you have time and knowledge you can do as day trading. When you identify the market trend HOLD is more profit.

Yeah, asides day trading which is just one aspect of trading anyway, trading require a lot of skills. And I also like you mentioning market trend, but trend is always better followed with short or long term trading and not day trading.

Holding is a better option for someone who does not want to stress themselves with the fluctuations f the market or not ready to go through any learning phase. In that case, just hold and watch it grow.

[MMysterious]

Day trading is safer and have lower risk as stop losses are always set at smaller losses rather than swing or long hold positions. Day trader is more difficult though especially when the market isn't that good.

[willnotwas]

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

The strategy of day-trading could bring you a great income, but it's not so easy like you think. Unskilled day-trading may cause flushing your money down the toilet.

[Omega Weapon]

I think that the trading is much better than holding, because you can loose your funds if the price will crash. But if you'll sell everything on high levels, you'll can buy more and more coins on low levels. Of course, you need to learn and know the current situation in economics and politics to decide when is the best time to sell/buy/re-buy the crypto currency.

This is the illusion a lot people go for, many people think they can obtain great profits with trading and while trading can be more profitable than to hold most people will earn more money by just holding their coins, don't forget that you need to pay capital gains and other taxes, fees and you will also lose money in the process and that is if you're a good trader if you are a bad trader you will lose your money.

[alendel0n7]

Initially I thought that in the cryptocurrency the HODL strategy was the most profitable. Now the number of instruments for trading is very large, so there is an option to maximize profits by shifting from a coin to a coin. It should be understood that daytrading is suitable only for experienced traders, for beginners the best option will be to hold and parallel the study of the scope of daytrading.

[iv4n]

Initially I thought that in the cryptocurrency the HODL strategy was the most profitable. Now the number of instruments for trading is very large, so there is an option to maximize profits by shifting from a coin to a coin. It should be understood that daytrading is suitable only for experienced traders, for beginners the best option will be to hold and parallel the study of the scope of daytrading.

You don`t need to think much about this two things, its good to do both of them. Holding doesn`t require time or some special skills, you just buy what you wish, download some good wallet, if you can it would be good to buy some trezor or ledger, send your coins from exchange to that wallet and just wait, that is all. When you finish with that you will have plenty of time for trading, swapping, shorting. Never trade with all your money, hold something on a safe place and have fun trying to earn more with different strategies.

[pitiflin]

Hodl is a term framed by a drunk guy. Since then people have placed their beliefs in it. Trading is actually a thing unlike hodling. It's for people who are afraid of trading or don't know how to trade. I also do fairly believe that hodling doesn't facilitate mobilization of funds but trading does. I think you got your answer here.

[ronpan]

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?

[hitrawal91]

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

Both are different than you personally think, because both needs different amount of attention, care, Psychological behaviour and Mindset for to accomplish. Holding is done mostly in investing and i think investing should be done by everyone but the trading is done only with the risk takers and for that, you need to know about trading in deep. I personally go for investing and trading both, but investing is my favourite as i like to do often and i trade rarely when i get dividends on stocks.

[ritzshah]

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