do you day trade or prefer a long term hold?

[delitte]

I've never been a trader for a day, because it's very difficult for me to succeed. That's why I really admire people who make money. This requires very sharp instincts, experience and vision. Since I do not have this qualification, I stick to my coins for a long time. Hodl.

Indeed and I agree, not just luck but needs more experience to keep on trading and having good sense on when to buy and when to sell.
Buying Low, hold and selling high isn't enough of being a trader and earning high profits through Cryptocurrency trading is very difficult to achieve that's why if you're working or having a full-time job career then don't quit your job and perform trading because performing trading with a wrong timing will throw away your Crypto Assets in the thin air.

[Psalms236]

According to the past experience,Long time holding Profit ratio is more than the short time and day trading ratio. Some times your luck also effect to the short time investment and you earn a hug profit but it does not happen for always and it is total risky. BY this mistake investor have to wait for long time to recover the actual investing amount. So always prefer to the long time holding and short time is second option.

It depends on the market price.  just like before I did day trade to pay some bills  I needed to pay, but  still  I prefer to hold my coins for long term until  the market price to soar high  and coin holders will get more benefits if they can wait until
market price becomes  good.

[swordling143]

So I'm slowly going into crypto and I want to know if any of you trade altcoins daily, or you prefer to hold it for long term? What do you think it's better and why?

Thanks

I really prefer long term hold because I believe that the longer that one holds the greater the price or value one gets, just like in bitcoin for example. When we start holding onto bitcoin knowing that the value is not yet profitable, still we hold onto it and we are patient that it's value will be more in the future, which really happens.

[Violetta999]

In long-term storage, you will always make a profit and make several claims, and in order to be engaged in trading, you must at least learn to pass so as not to lose all your money.

[leexhin]

That depends on the coin that I am buying ,
But to be honest I think it is better to do a long term hold than a day trade,
But a day trade also have it's benefits like adding your profit for your next trade.

[KTChampions]

I prefer long-term investment. The main income is given only by it. Trading is very similar to roulette. The only moments when you can trade it on large market corrections. Real assets become cheaper and if you have money you can buy them.

[AiwaDima]

In my portfolio there are different coins that I hold for a long period and those that trade them daily for some profit, but I prefer longer term

[zabisux]

Day trading is very hard thing to do, I may even call it as hard as full time jobs. So no.
I prefer to hodl for very long time until coin reaches satisfying value. If it never happens I exit at personal choice.

[Froloff92]

I prefer long term holding because I don't know anything about trading so it's only one way for me to earn money on crypto.

[8count]

So I'm slowly going into crypto and I want to know if any of you trade altcoins daily, or you prefer to hold it for long term? What do you think it's better and why?

Thanks

I like holding for long term due to most altcoins I have still will need a year or 2 before their real value will be shown. Their has been a couple of times when I have traded early as the coins have grown to a point were I thought it was at its peak and a good time to take profits.
Day trading is very time consuming but can be very rewarding if you know how to do it properly. I would do a lot of research if you are going to day trade.

[-Redacted-]

It all depends on what the trader's aims. It is better to use the strategy of separation. You need to quickly sell part of the investment when the prices will rise but at the same time you should have long-term investments in your portfolio.

[cryptonoob312]

You just gotta pick coins that in your opinion will have great future and will go to the moon one day because of their practical use and hold it for the long term. And you can daily trade other coins especially if they have big hype and make profits from it.

[ReshkiN]

In this market, anyone can make money if he trades in a long time. Intraday trade only professionals. But the main thing is not to panic.

[newuser20]

So I'm slowly going into crypto and I want to know if any of you trade altcoins daily, or you prefer to hold it for long term? What do you think it's better and why?

Thanks

Hi , if you have knowledge in trading you need trade because you can make about 20-30% of your deposit in a day. But if not you must be holder to make about 100 - 300% in a year and i think it is great

[mharz]

It all depends on what the trader's aims. It is better to use the strategy of separation. You need to quickly sell part of the investment when the prices will rise but at the same time you should have long-term investments in your portfolio.

In my opinion it's better to have long term and short term investment in trading, because if you have long and short term investment you can sure that you will earn or gain profit. Other than that you can assure that when price of coin you choose is raising up and over to your short term investment, maybe the long term amount you choose will be reach too.

[moonami]

That depends. If you need money for daily living then day trading is good for you. But if you have plenty of money then go for long term hold.

For me, doing long term hold wolud be a great choice especially for the beginners; thus,  do long term hold if you don't have a lot of money to do day trading.

[Odat]

I have been day trading since I got started in Crypto and honestly I’m not sure it’s worth it. It’s very stressful and although I’ve made Good money day trading, I’ve also lost a lot. Always checking your phone or pc is not good for your health. I started with $10000 and so far have lost $2200 overall day trading. I make $900 then lose $1000, the lll make $600 and lose $500 and so on. I’m going to keep on day trading until I recover my initial $10,000 and then I’ll add more money and switch to either holding or buying when the market crashes and selling once it recovers.

EVen professionals traders that I know get stressed out big time day trading. I think if you plan on holding, the best strategy is to buy after the market crashes and then you can get the most value for the money. Although the market seems to be recovering now, crashes happen frequently. Heck, if I fart now, it’ll probably cause a crash!.

[icol333]

If you have your wallet full of cash, a day trader will do the work in my opinion. Because you won't be stressed out too much if you lose a bit of the initial invest (the mindset if you still have a backup money).
But for the safety reason, a long-term hold will do the work. We don't get stressed out too much, and we can do other things rather than stand by in front of PC for a long time.

[Gargo]

It is better hold for long term. Day trading requires a lot of knowledge and time. It's more a job for professionals. For me, the long term is more practical.

[uzurik]

I personally hold. I have such a strategy.