Day Trading or Long-term Hodl?

[bobelr]

I have seen so many threads talking about this DX token with a different format, are you legitimately asking for an opinion or is this form of advertisement?
look at these:
https://bitcointalk.org/index.php?topic=5185591.0
https://bitcointalk.org/index.php?topic=5184283.0
https://bitcointalk.org/index.php?topic=5189356.0

just do everything you want to do and always bear in mind everything is possible in cryptocurrency.

Take a look at this, you must think that the OP is doing a promotion. Quite a lot of discussion about DX on the thread made.
https://bitcointalk.org/index.php?action=profile;threads;u=2161267;sa=showPosts
Trading is an attempt to get profit, whether you will do it in the long or short term. That is up to you, but there are things that must be considered for holding a coin for a long time. Check history and make sure the trading volume is high. That might be useful.

Thank you for your concern. I am a supporter of good projects. So, I like to talk about them in my own way. But for this topic, I really need advice as I'm about making a decision that will determine my fate in cryptospace.

[masterrex]

Before now, I have always been getting it wrong about cryptocurrency. A friend recently opened my eyes to see how I could have increase little coins I have to fortune overtime by day-trading. But I am no that type. I had always thought I could only make fortune in crypto by hodling a certain coin for long.

13 months ago, I bought SNTR worth about $100 hoping that in few months I'll wallow in milliions of dollars like Ian Balina , but the reverse is often the case in the subsequent ones I bought. Sad fact, $100 worth of SNTR 13 months ago now less than $2.

Recently, I watched several videos of how to analyse a coin or token to invest in, gained some good knowledge of the basics. I discovered day-trading tokens like DX token and Atomic wallet (AWC) could have actually make me what I hope to be If i had the right information. But its never too late. Yet, I am drowned in mentality that hodling for long can only be the fortune I hope for. Reason I need help.

I think youre not the one who experience that very unfortunate incident a kind of failure that should never happen again. In the 2018 bearished period most of my holdings are decreased in value by almost half, thats why out of my panic state of mind, i was sell all of it with just 50% of its original price value, im was hoping that i will save some of my money, and luckily my instinct was true the price of those coins/token was dip further. in the following month, thats why im always consider my personal experience before doing any decision. Hodling and trading are both risky so we better take a precautionary measures for our own good!  

[bobelr]

Day trading isn't as simple as just buying low and selling high, it just doesn't work much with altcoins in my experience you got to do it in BTC/USDT. If you take a look at the SNTR today, its almost worthless coin where you can't even see updates that can make the coin spike a bit to attract traders but with BTC the price can just swing in everyday where your chances of earning is much larger.

Briiliant, you hit it. Painful part is the fact that the SNTR team had to swap with CIL but with limited supply in relation to CIL. Also, hodlers of small volume of SNTR could not swap but to accept fate. That alone caused huge dump. Even me, I dumped all for $2 and moved on. I think both has very huge bad sides. And that is my concern as i'm sick of throwing my hard-earned cryptos into pits.

[batang_bitcoin]

Remove that mentality that it could be you who will be the next millionaire by just investing spare amount of your money. It won't happen again, I'm sorry about that but if you can invest then sure invest to bitcoin or any known coins. I don't know about that coin you've invested and I think it's gonna be hard for you to recover if you will put your hope in it. Long term is good if you have the best coin such as bitcoin and I've been looking forward to that day that I can have one good story to tell.

[bobelr]

Before now, I have always been getting it wrong about cryptocurrency. A friend recently opened my eyes to see how I could have increase little coins I have to fortune overtime by day-trading. But I am no that type. I had always thought I could only make fortune in crypto by hodling a certain coin for long.

13 months ago, I bought SNTR worth about $100 hoping that in few months I'll wallow in milliions of dollars like Ian Balina , but the reverse is often the case in the subsequent ones I bought. Sad fact, $100 worth of SNTR 13 months ago now less than $2.

Recently, I watched several videos of how to analyse a coin or token to invest in, gained some good knowledge of the basics. I discovered day-trading tokens like DX token and Atomic wallet (AWC) could have actually make me what I hope to be If i had the right information. But its never too late. Yet, I am drowned in mentality that hodling for long can only be the fortune I hope for. Reason I need help.

I think youre not the one who experience that very unfortunate incident a kind of failure that should never happen again. In the 2018 bearished period most of my holdings are decreased in value by almost half, thats why out of my panic state of mind, i was sell all of it with just 50% of its original price value, im was hoping that i will save some of my money, and luckily my instinct was true the price of those coins/token was dip further. in the following month, thats why im always consider my personal experience before doing any decision. Hodling and trading are both risky so we better take a precautionary measures for our own good! 

Its pathetic to see you lost almost 70% of your investment. I lost very huge but now, I struggle to take my stand and don't wanna be a victim anymore. I'm thinking just do a little day trading with Dx for a test cos it seems the token does quite well as my friends on whatsapp tell it.

Remove that mentality that it could be you who will be the next millionaire by just investing spare amount of your money. It won't happen again, I'm sorry about that but if you can invest then sure invest to bitcoin or any known coins. I don't know about that coin you've invested and I think it's gonna be hard for you to recover if you will put your hope in it. Long term is good if you have the best coin such as bitcoin and I've been looking forward to that day that I can have one good story to tell.

I have ignored the mentality. Bitcoin is cool but to me, i see it that it is meant for thee whales as they control it. I buy more DX, AWC, and BNB cos they seem doing quite well. I believe you will have good story to tell if you also believe you will and work towards it.

[Landak]

in a situation like this, I think the method of holding for the long term can no longer be used, just look at what you've experienced has ended badly. I would prefer daily trading might be difficult but it seems this way is more efficient than long-term hold.

[GreenStox]

if you want to do daily trading then at the current exchange place is not good you better make long-term investments and hold bitcoin coins because soon bitcoin will do halving day and the price of bitcoin has the potential to increase, take advantage of this opportunity to get a lot of profit.

You can hold another coin but it will be dangerous and has a very high risk.

[Meowth05]

Recently, I watched several videos of how to analyse a coin or token to invest in, gained some good knowledge of the basics.

and you think that's enough to be successful? i would recommend you to let the trading stay.
if then at most with small amounts and as a hobby but not with the prospect of big profits.

Knowledge itself is not enough in trading. Experience is the most important you'll need to learn. It is easy to gain knowledge but the real challenge is that how will you execute them in real situations.

Hodling can give you good profit but not in all cases, meaning not all the coin you hodl. Before hodling, you can check if the community is active and this is important. If the coin is in cmc, you can easily check there to know the direction that it is and how it can grow in the future. You have to study a coin before investing in it. I have invested blindly too and seeing price slump painfully.

That is why you should go for the token that has high potential to give a return. There's a lot of coins to hold but only few of them are worth to put your investment. I would recommend that you should go for coins that has proven through their long time of existence, go for high volumed coins are most volatile.

[btc78]

13 months ago, I bought SNTR worth about $100 ”hoping that in few months I'll wallow in milliions of dollars “like Ian Balina , but the reverse is often the case in the subsequent ones I bought. Sad fact, $100 worth of SNTR 13 months ago now less than $2.

That highlighted part is the most stupid word I hate to read whenever I am surfing this forum,where in the world that you ge that Idea?who told you that it was the way we must treat crypto investments?if that’s what you want here then I might say you deserve to lose hat amount 😂

Never forget that this market is for future and not for our dreams now,just HODL more ,it’s too early to claim for profit if you’re a true holder

[VDraci]

Before now, I have always been getting it wrong about cryptocurrency. A friend recently opened my eyes to see how I could have increase little coins I have to fortune overtime by day-trading. But I am no that type. I had always thought I could only make fortune in crypto by hodling a certain coin for long.

13 months ago, I bought SNTR worth about $100 hoping that in few months I'll wallow in milliions of dollars like Ian Balina , but the reverse is often the case in the subsequent ones I bought. Sad fact, $100 worth of SNTR 13 months ago now less than $2.

Recently, I watched several videos of how to analyse a coin or token to invest in, gained some good knowledge of the basics. I discovered day-trading tokens like DX token and Atomic wallet (AWC) could have actually make me what I hope to be If i had the right information. But its never too late. Yet, I am drowned in mentality that hodling for long can only be the fortune I hope for. Reason I need help.

They both have their advantages and disadvantages, you are tired of holding because the coins and tokens keeps loosing value but remember that you still got same quantity when you are holding, many decide to trade to increase their token in quantity and end up losing all

[JCviggen]

Hodling can give you good profit but not in all cases, meaning not all the coin you hodl. Before hodling, you can check if the community is active and this is important. If the coin is in cmc, you can easily check there to know the direction that it is and how it can grow in the future. You have to study a coin before investing in it. I have invested blindly too and seeing price slump painfully.

when you invested blindly in the coins - most likely in 95 percent of cases you will lose your money or you just have to keep these coins for a very long time.

[pidie]

in my opinion, if we want to get a large profit, then we better invest in the long term. because, investing in the long term has good potential in making a profit. even someone who wants to succeed and make a big profit always chooses investment in the long run. as long as the way we take is right and there are estimates in investing.

[Byakuga]

Trading
With day trading i believe you will be able to double or triple the quantity of your coins or tokens but be extremely careful, make sure you learn trading very well before you give a try or its good bye to all your coins

Long term Hodl
Do not expect quick gains from this, thats why its called longterm hodl, take your eye off even if price keeps going down as far as you invested in good coins, in the mist of the long term journey for holders there will surely come good season when you can take out profits if you like, the most important thing is hodl solid coins

[HabiebRiziq]

Before now, I have always been getting it wrong about cryptocurrency. A friend recently opened my eyes to see how I could have increase little coins I have to fortune overtime by day-trading. But I am no that type. I had always thought I could only make fortune in crypto by hodling a certain coin for long.

13 months ago, I bought SNTR worth about $100 hoping that in few months I'll wallow in milliions of dollars like Ian Balina , but the reverse is often the case in the subsequent ones I bought. Sad fact, $100 worth of SNTR 13 months ago now less than $2.

Recently, I watched several videos of how to analyse a coin or token to invest in, gained some good knowledge of the basics. I discovered day-trading tokens like DX token and Atomic wallet (AWC) could have actually make me what I hope to be If i had the right information. But its never too late. Yet, I am drowned in mentality that hodling for long can only be the fortune I hope for. Reason I need help.

Long-term hodl or day trading I think everyone has their own way of making profits in cryptocurrency. And if we hold coins to invest in the long term, I would suggest you invest in BTC even though lately the price does not match what is expected. And for day trading, you must learn first before starting to do daily trading so that what you do does not end in failure again.

[matchi2011]

Hodling can give you good profit but not in all cases, meaning not all the coin you hodl. Before hodling, you can check if the community is active and this is important. If the coin is in cmc, you can easily check there to know the direction that it is and how it can grow in the future. You have to study a coin before investing in it. I have invested blindly too and seeing price slump painfully.

Lesson learned should be use to continue and try harder, researching and studying the full concept of any coin that you will going to invest using your hard earned money. This market have a lots to offer but it's no linger a lucky base investment which happen wayback 2017, all projects needs to be assess and if possible buy those active coins that really have good communities around. Those people are same like you who also trying to catch up with project that they've believe hat will bring them fortune in the long run.

[Bim abk]

Before now, I have always been getting it wrong about cryptocurrency. A friend recently opened my eyes to see how I could have increase little coins I have to fortune overtime by day-trading. But I am no that type. I had always thought I could only make fortune in crypto by hodling a certain coin for long.

13 months ago, I bought SNTR worth about $100 hoping that in few months I'll wallow in milliions of dollars like Ian Balina , but the reverse is often the case in the subsequent ones I bought. Sad fact, $100 worth of SNTR 13 months ago now less than $2.

Recently, I watched several videos of how to analyse a coin or token to invest in, gained some good knowledge of the basics. I discovered day-trading tokens like DX token and Atomic wallet (AWC) could have actually make me what I hope to be If i had the right information. But its never too late. Yet, I am drowned in mentality that hodling for long can only be the fortune I hope for. Reason I need help.

Long-term hodl or day trading I think everyone has their own way of making profits in cryptocurrency. And if we hold coins to invest in the long term, I would suggest you invest in BTC even though lately the price does not match what is expected. And for day trading, you must learn first before starting to do daily trading so that what you do does not end in failure again.

In short-term trading it must have the ability to analyze its movements and this requires experience. while for long-term investment may be easier but still have to use analysis as well so if you want to invest in the long term investments it's better to find the crypto with the best ranking

[Colt81]

in my opinion, if we want to get a large profit, then we better invest in the long term. because, investing in the long term has good potential in making a profit. even someone who wants to succeed and make a big profit always chooses investment in the long run. as long as the way we take is right and there are estimates in investing.

It's true that we can get a large profit by just investing in a long-term, but it takes a lot of time. In my own opinion, it will be better if you will do day trading because you can earn more money faster or earn in a short period of time. We all know that day trading is risky because you need to check the market charts everytime and you might panic if the market goes down, but if you are used in experiencing day trade you will not worry any of this risks because you will always make a profit from it.

[kaneki007]

You must need proper analysis if you want day trading and experience is needed to get profit. And if you want to hold for long-term you must prepared when price get dump
Both of them have high risk to do, just follow your heart and confident of your choice

[Samayuki]

Day trading is good for those who knew how to trade and follow market movement very well, they aren't greedy and they are always not in rush, if you are in haste you will lose but long term holding is not that bad, just because crypto keeps losing value today doesn't mean it won't recover tomorrow

[key4co.in]

I do both day trading and long term holding. SNTR you mentioned, I made fair gains doing short term trading on it when it was listed on KUCOIN, but didn't hold for long term believe it doesn't have the features I look out for in a long term project. You also have to be very careful while day trading if you don't use stop loss and also remove greed entirely from your mindset, take profit when necessary.