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[BitPlace]

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

I think the best choice for the newbie is long term holding. It will give them enough time to get enough experience in the market. And avoid losing too much money at one time.

Long term for newbie traders can be so hard when they're not earning quick profit, but I don't trust day trading because sometimes it won't give us good results when you seen the price dip so much. That's right we may be able to gain good experiences from time to time although its hard to control ourselves of not dumping our coins while the price wasn't sure to increase its value.

[Jiyens3]

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

in my opinion, for a trading day, it is a way to gain profit in the short term. while to hold is a way to gain long-term sustainability.
so for myself prefer to profit in the long run. because at the moment I see trading days still generate small profits. so I do not want to make a small profit.

[gayletot]

Long term holding is better. so you can not focus on any aspect of the crytoe. but it's also a day trading because it's good for those who want to earn quick money. Unlike in the long term just wait before sales.

[truong.bui45]

I think it depends on the market. And If you have a lot of experience in trading and you have to do day trading to maximize your profit but if you do not know anything about it and then the long term should be the best choice for you. But you must remember also if day trading will be a very high risk as you can lose all your profits in just a few seconds. so you should be more careful in trading.

[Arcoin1]

The crypto was making money in the money market and in the years when we went through the daily trade in Altcoins. The depreciation of the crypto parallels this situation in the exact opposite direction. We have no choice but to buy and wait.

[kjnfmplm]

I think that it really depends on your abilities. If you know how to trade or if you want to know, then read articles and tips on how to do day-trading. But, if you want to hold for the long-term, then be aware of the market status.

I really want to know how to do day-trading, but my school works doesn't allow me. But, if I have the time, I would learn how to.