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blmpnetwork (OP)
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May 10, 2018, 01:11:26 PM
Last edit: May 28, 2020, 10:52:05 PM by blmpnetwork
 #1

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May 10, 2018, 01:15:24 PM
 #2

Stepping int the market and starting with the trading would be really bad idea buddy! The trading doesn't come along the way but you have to learn it first and then keep learning more and more ahead. If you want to be successful in that then this is only option you have got.

So to get started I think I will choose HOLD for the people that has just landed in the crypto currency. Believe it or not, HODL would be best shot and it has always been like that only. Why go other way round and make it unprofitable if you can wait and earn twice you loose in day trade!  Wink

 
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May 10, 2018, 02:35:13 PM
 #3

I personally prefer long-term holding to day trading, maybe because of my bad experience with day trading,  I lost a lot of money in it.  Day trading is complex and u can lose ur money faster.
I prefer long-term holding because of the high ROI it offers.

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May 10, 2018, 02:38:56 PM
 #4

For those who are new to cryptocurrency trading, what would be the best advice to maximize profits: day trading or hodling?



If you have a lot of experience in the trading and you shall do day trading to maximize your profit but if you have known nothing about that and then long-term should become the best choice for you. Remember this is crypto and daytrading will be involved very high risk just like you can lost all of your profit just in some seconds if you are walking at the wrong way and not secure your profit.

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May 10, 2018, 02:40:15 PM
 #5

its actually depend on the market situation. my long-term hold can be a day trade if I see the market volatile. sometimes I will sell my long-term holdings when I see the market will go to bear runs and buyback again later.

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May 10, 2018, 02:46:04 PM
 #6

If you do not have the experience and knowledge to trade, I recommend you to hold. After you have more confidence then practice trading with less capital then increase if good.
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May 10, 2018, 02:46:58 PM
 #7

For those who are new to cryptocurrency trading, what would be the best advice to maximize profits: day trading or hodling?



Day trading is little risk so long term holding is the best way to protect our investment. But many peoples are looking to quick profit so I don't suggest to both day trading and holding because we must gain some knowledge in Crypto platform then only it will supporting to our journey.

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May 10, 2018, 02:49:13 PM
 #8

For those, who are new here, the best advice I think will depend on what they are going to do here, if trading if holding - advices will be different
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May 10, 2018, 02:50:02 PM
 #9

For those who are new to cryptocurrency trading, what would be the best advice to maximize profits: day trading or hodling?



For newbies, I recommend that you use 80% for long-term investments (hodling). The remaining 20% or day trading, which can help you earn a profit every day but it can also make you lose money every day. So choose breeding if you are afraid of losing money.
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May 10, 2018, 02:52:42 PM
 #10

Don't overdo it, you know, long-term holding is the best way to do it.
I've seen a lot of people who have been in the long term make a lot of money, but I don't see the people who do it very often make a lot of money.

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May 10, 2018, 02:54:41 PM
 #11

For those who are new to cryptocurrency trading, what would be the best advice to maximize profits: day trading or hodling?



to be a day trading you need to have a experience and knowledge on chart day trading is very risky for someone who dont know about crypto market if you are newbie to crypto hodling  a good is the best choice.
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May 10, 2018, 02:57:29 PM
 #12

For those who are new to cryptocurrency trading, what would be the best advice to maximize profits: day trading or hodling?




I personally think holding cryptocurrency is the best option for me than day trading because holding does not require extra efforts. If you can be patience to wait for a certain period of time before selling your coin it might be very profitable.  Day trading requires some skills which are not too easy to learn in a short run.

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May 10, 2018, 02:57:52 PM
 #13

For those who are new to cryptocurrency trading, what would be the best advice to maximize profits: day trading or hodling?




I think if you just know crypto better hold a coin or investment, do not trade before understanding crypto, because you could lose your money.
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May 10, 2018, 03:03:22 PM
 #14

Long terms holding needs experience for making profits. You need to know that the coin will be higher price after a certain period while day trading doesn't require experiences. You just need to buy and sell just after get a little profit. Newbies in cryptocurrency should go for day trading while they can hold BTC, ETH, LTC for long-term purpose.
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May 10, 2018, 03:04:33 PM
 #15

For people who have just entered the encrypted market, it is necessary to know more about the community and the news of the industry every day. Try not to go to exchange trading as often as possible. The first ten coins in the investment market are what you have to consider, and buy it in your wallet and forget it.
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May 10, 2018, 03:05:06 PM
 #16

I'm just speaking from personal experience, so it might be that you could have a different experience.
I definitely prefer to invest over the long term as opposed to day trading. I just think it carries less risk and allows me to diversify in a pretty safe way.

I even go so far as to put some coins into a timelock, just so they can't be spent for a certain amount of time Tongue

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May 10, 2018, 03:10:07 PM
 #17

I would do both, but with more of my investments in long-term hodling. More like an 90/10 arrangement, where 90% goes into long-term hodling and 20% day trading. If you have prior experience of trading stocks, it does help.

To quickly learn the ins and outs of trading, you should subscribe to this site, masterthecrypto.com, he trains a lot on trading.
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May 10, 2018, 03:13:04 PM
 #18

I personally prefer long-term holding to day trading, maybe because of my bad experience with day trading,  I lost a lot of money in it.  Day trading is complex and u can lose ur money faster.
I prefer long-term holding because of the high ROI it offers.

I agree. The risk is high in day trading and shouldn't be done by a newbie only. A big percentage of losing all you have invested if you are not professional enough to do such day trading because timing is very significant here and you only have a short period of time to accumulate. I may advise them to just hodl whatever potentially coins they had, and sell them when the right time comes with higher profits.
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May 10, 2018, 03:13:13 PM
 #19

Day trading and long term holding are both profitable but it depends on the person itself a day trading is for experts where in they're going to buy a low price coin and sell it when the price increase to 5% or any % you want to sell it but you need a lot of knowledge about this and experience in trading therefore this kind of investment or trading can be profitable for expert traders.

A long term hodling is a simple strategy yet profitable where in they just hodl the coin for a long time and withdraw it afterwards, this can fit for the newbies because of the simple strategy. But remember not because you invest you're going to earn a profit you may either earn profit or lose profit.
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May 10, 2018, 03:14:10 PM
 #20

I still prefer day trading because the profit earned when calculated more day trading than longterm, but sometimes longterm any one can beat day trading earnings, so I think it depends on each who live it more comfortable which one.

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