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bobelr (OP)
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October 18, 2019, 11:07:15 AM |
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SNTR is now very cheap, you really lost your money, but still quite active in the hobit exchange. Anyway you bought SNTR in the last year so it was bear market then it was not good to hold. Well if you buy ethereum or binance coin this time and hold for long term, I'm sure you can make profit.
Hahaa I would have made far much loss if i had bought either ETH or BTC last year and hold cos it fell so bad. ETH fell from over $1k to around $83 this year before it rose again. The volatility is crazy. |
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michellee
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October 18, 2019, 02:11:17 PM |
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Doing day trading will need more skills because we need to choose the right coin to trade, and not all traders can do that even if they have good skills. The market can change anytime, and that will be difficult for us to select the coin. We could choose the right coin with making analysis and have experienced so we can know the pattern of every potential coin. If you think that you cannot select the right coin, then you can do long-term hold, and as long as you can choose the coin, especially if you only choose bitcoin, then you will make a profit in the long term.
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iyah adrian
Member
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Activity: 574
Merit: 10
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October 18, 2019, 02:18:54 PM |
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Doing day trading will need more skills because we need to choose the right coin to trade
Daily traders not only have skills, but must have plenty of time to do that. Daily traders can not only do the activity 3-4 hours. If you don't have a lot of time it's better to trade for the long term. |
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Ashong Salonga
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October 18, 2019, 02:21:45 PM |
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For me i prefer long term holding over than day tading because i am a busy person now, i have a lot of works to do that's why i can't focus on day trade and i also belive that holding a promising crypto like bitcoin and ethereum will be very worth it to wait. Because both of this crypto have a bright future.
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adaora2323
Jr. Member
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Activity: 344
Merit: 1
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October 18, 2019, 02:41:31 PM |
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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 prefer daily trading. Because one thing I always know if that, if you play your trades well, you can make x10 higher than someone holding. If you can be patient enough then holding is for you. |
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Mammothcoin
Full Member
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Activity: 336
Merit: 101
KoinPro
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October 18, 2019, 03:12:32 PM |
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Every individual has an investment strategy that resonates with them. Some prefer day-trading, others prefer to hodl. One cannot say one is better than the other. Even the case you mentioned is proof. Whether or not you intend hodling long term or not you should have a basic understanding of fundamental analysis and technical analysis. It will help you a lot. You can follow professional traders on Youtube while to learn basic TA.
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DDante
Member
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Activity: 434
Merit: 19
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October 18, 2019, 03:22:42 PM |
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SNTR is now very cheap, you really lost your money, but still quite active in the hobit exchange. Anyway you bought SNTR in the last year so it was bear market then it was not good to hold. Well if you buy ethereum or binance coin this time and hold for long term, I'm sure you can make profit.
Hahaa I would have made far much loss if i had bought either ETH or BTC last year and hold cos it fell so bad. ETH fell from over $1k to around $83 this year before it rose again. The volatility is crazy. Last year was a very good time to sell all your coins, last year was a selling year not a buying year, those who buy coins last year before bears take over the market are to be blame for their actions |
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taufik123
Legendary
Offline
Activity: 2520
Merit: 1721
airbet.io
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October 18, 2019, 04:41:21 PM |
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If you just want to get quick profits with your current mode, you better do day trading. I myself prefer day trading with small profits but often, my principle is HIT and RUN for now, because of the very bad market conditions. But if you want to trade Long term, choose a coin that is good for Long like DOGE, but you have to be right when you buy, wait for the lowest price, read information so you know the current market conditions and the last to use Technical Analysis
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AndRE177
Member
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Activity: 322
Merit: 10
Proof-of-Stake Blockchain Network
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October 18, 2019, 08:20:24 PM |
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This topic has been raised many times in this forum. Everyone chooses his own solution to the problem. I have seen many times when the coin rises in price in the short term, and then falls to the bottom for many years. Therefore, for myself, I think the best way to earn on the crypto market is short-term and day trading.
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Patrix_1
Member
Offline
Activity: 364
Merit: 10
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October 18, 2019, 08:22:22 PM |
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Based on my experience and awful trading skills, I prefer to hold crypto for a longer period of time instead of wasting my money in trading. In my opinion, you should earn how to trade, before getting your hands on it first.
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Anonymous100
Member
Offline
Activity: 423
Merit: 11
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October 18, 2019, 09:15:40 PM |
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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.
But AWC tokens are very good. Fairly stable prices. Increasing the number of Atomic Wallet users will also affect AWC prices. I have studied for a long time, since the bounty was launched. But for now I only hold a small amount, because they run out of capital. |
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Pelunize12
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October 18, 2019, 10:01:37 PM |
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If you just want to get quick profits with your current mode, you better do day trading. I myself prefer day trading with small profits but often, my principle is HIT and RUN for now, because of the very bad market conditions. But if you want to trade Long term, choose a coin that is good for Long like DOGE, but you have to be right when you buy, wait for the lowest price, read information so you know the current market conditions and the last to use Technical Analysis
crypto has high volality so if we just take small profit wont get good reward risk ratio even if we have more winning ratio, but if not have good reward risk ratio will be useless, we will lose in trading that's why i prefer to have good RR rather than winning ratio |
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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October 18, 2019, 10:12:21 PM
Last edit: October 18, 2019, 11:52:21 PM by seleme |
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if you want to save coins for the long term then the main thing is to buy bitcoin, and don't buy a familiar alt, haven't you tried it and your investment dropped by 98% in value.
so I suggest you buy btc and altxokn top ranks, it might develop a long time but it will provide security for your investment.
and if you want to get short profits try some IEO from binance
Hunting for the profit from IEO is risky concerning my investment knowledge but buying the top altcoin will not leave the investors upset if the bullrun comes in the next years. Staying in the moment costs more than doing nothing and I understood after all these years. Suffering from losses is the emotional problem and controlling yourself can give continuous positive results for the long term hodlers. Anyway, keeping balance is the best in my opinion. |
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KnightElite
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October 18, 2019, 10:17:59 PM |
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trading is not for everyone. If you will ask me about what is better between day trading and long term trading, my answer will be depends on traders skills. I'm a trader and I do not have enough patience to wait so short term trading is better with me.
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Shasha80
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October 18, 2019, 10:33:20 PM |
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Everyone has their own opinions, so if the question is which is better, day trading or long-term hold? I will answer according
to my ability, in my opinion long-term hold is more promising to make a profit. Because day trading day is more at risk of loss.
Day trading also has very good analytical skills in reading the market, meanwhile Long-term hold is easier for anyone to do.
No need to have skills for long-term hold, just hold in time a few years of coins that have good potential such as BTC and ETH,
the profit then flows by itself.
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yulionoo
Sr. Member
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Activity: 756
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
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October 18, 2019, 10:34:56 PM |
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doing daily trading or long-term investment in my opinion depends on the coins we choose. there are some coins whose increase takes a long time like bitcoin. I always use bitcoin for a long term investment. and usually use altcoin for short-term investments. but unfortunately now the altcoin market is weak there is no increase. so now I prefer to make a long-term investment hodl.
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Pet240
Jr. Member
Offline
Activity: 486
Merit: 3
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October 18, 2019, 10:39:07 PM |
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Both require some forms of expertise, although, day trading is much tougher. If you can successfully day trade, you might also be able to invest for long term, excerpt you decide not to.
Long term trading is more effective with a project that has good product and a working team.
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Pinkris128
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October 18, 2019, 10:42:08 PM |
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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.
Aside from the price of the coin, one must also consider the trading volume of the cryptocurrency. Both short term trades and long term investments have risks. Only the period of investment is their difference in general aspect. Long term could earn more only when the coin has constant and solid stand in the market. Short term trades could be best applied to te coins that have dynamic and chaotic position in the market. Both are difficult to determine accurately and will all depend on the investor. |
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19Nov16
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October 18, 2019, 11:18:43 PM |
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For me long term hold is a better strategy than dayy trading, of course not all coins or tokens can be used for a long-term investment, competition is too tight to make a lot of coins die so I only focus on the top 25.
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Burogh
Member
Offline
Activity: 644
Merit: 10
COVIR.IO
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October 19, 2019, 12:34:01 AM |
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For me long term hold is a better strategy than dayy trading, of course not all coins or tokens can be used for a long-term investment, competition is too tight to make a lot of coins die so I only focus on the top 25.
Investing for the long term might be suitable for coins that are in the top 10 but may not be suitable for coins that are above the rank 200. As for trading, in my opinion it is profitable as long as we understand the price movements in the market |
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