do you day trade or prefer a long term hold?

[wayaneka]

In my opinion day trade is better because we always analysis the market, so when any bad news and the market drop we can cut loss as soon as possible to reduce any more risk. But offcource day trade will be more consuming time and need more skilled.

[Jaya912]

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.

Knowledge is number 1 before those three things that you mention above.
I know experience is also very important but without knowledge, experience can not get their rival become togheter build our success

[Akosibatman]

I prefer a long-term holding rather than trading it because looking back at the value of bitcoin for the past year it almost triple's its value. Buy and hope strategy works very well for the past year, considering the total number of people who owns a bitcoin, there is a large number who bought for the first time above $500 and because of that, price of bitcoin goes up. Human nature, people tend to buy into something when its hype or very popular. The good side I see on this bitcoin is after the recovery on its bubble price, after every bubble it will always made a new higher value of it. Hold and wait until you have a great return or profit.

[mammoniter]

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 do prefer long term trading since it is less hassle and time consuming, you wouldn't need to manage your investments from time to time and look for the slightest opportunity to sell and earn each day. Long term goal may seem slow but I guess it is much more easier and safe compared to day trading.

[V.I.P]

Personally, I adhere to two strategies: I trade support and resistance on the chart for 2-4 hours. Transactions usually last 2-7 days. And I invest in new altcoins when they are on the bottom for 2-5 months with orders placed x5-10 profit.

[sana54210]

In my opinion day trade is better because we always analysis the market, so when any bad news and the market drop we can cut loss as soon as possible to reduce any more risk. But offcource day trade will be more consuming time and need more skilled.

If you hold only one asset then you can go for monitoring it all the time so that you can manage losses effectively. But in current scenario there are thousands of good potential crypto currencies are available, so we cannot monitor all of them all the times.

So holding them for some longer period will be the right option in front of any crypto investor so that they can be assured about making some good profits by end of the day.

[rudyrista123]

I do both. For certain coins such as bitcoin and ethereum I prefer to hold it in the long term. and for certain coins I also trade them depending on the market price. because I'm sure all members here first sought is a profit so anything that makes a profit yes I do.

[sorrowfulnightcries]

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  think if I can and have the necessary knowledge and skills to be an efficient trader then I would definitely do day trading since I would be able to track my progress each day and monitor the market live which may help me adapt as soon as possible to market changes thus maximizing my profit.

[bulantoy12345]

I prefer holding especially to those at the top 10 cryptocurrency chart because they are the most stable, reliable and capable to sustain when cryptocurrency goes down. Day to day trading is so risky we all know that cryptocurrency at the market may go up and down it requires frequent monitoring to avoid loss.🤔

[Jet Kolet]

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.

yes your opinion is good, I do continue to buy and hold bitcoin because bitcoin is more stable than other coin. I hope you do it too.

[Tony_Nguyen]

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

After doing a mix of trading and long term holding I decided to keep long term holding and skip short term trading because :

1. you have more time to do other things
2. more profitable

Good luck

[reighbut2017]

Much better if you check first the status of the coins prior trading so you have the guide  if your going to trade or not, but if your holding BTC  I suggest you must prefer in long term because BTC is a trusted coin and I'm sure your investment will grow.

[BlackPanda]

I would choose day trade because it gives us more opportunities to make a profit, while making long-term investments may not be profitable. Some people just keep silent and wait for the price to rise but when it is a waste. I made a decision when I had earned a slight profit margin. I think that when I can get a stable profit even a little then I can get enough income to meet the needs of life and achieve some dreams that I have.

[Svelto]

I prefer to hold long term as I am holding a day job and unable to concentrate on day trading. Occasionally, I will do day trade on my off days. I feel day trading stress level is high if I do it daily.

[terrong]

day trade is only for people who have large capital with a lot of money it will provide a lot of benefits, but certainly with a great risk of losing the money and to be more secure is to hold with the long term because more avoid the risk of loss.

[Drakula]

I prefer to hold long term as I am holding a day job and unable to concentrate on day trading. Occasionally, I will do day trade on my off days. I feel day trading stress level is high if I do it daily.

I also prefer to hold my coins for a long period of time. It will be more profitable when the price increases; it may doubled the value of coins without doing anything.

[shaheer001]

If you have some good value tokens or coins then try to hold but for your daily life requirement like paying some bills must trade and withdraw but as per requirement and hold for better future.

[ngusmin]

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 prefer to invest long-term, because I think it's good and do not need to be too panicky for unstable prices. I believe the crypto coins will continue to rise, and I will benefit from the investment.

[nobetci]

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 think this terms are suitable to make some investments for long periods. Because I think many of the cryptocurrencies have low prices according to their former prices in these times. Also, in my opinion, daily trading is harder and more stressful than long term investments.

[Kunlejoe0]

If you don't trade you lose on daily market profit opportunity. If you don't hold you lose on profit that can have a significant impact on your future finance. As a crypto enthusiast, you must find a balance between these two activities.