Day Trading or Long-term Hodl?

[wildan88]

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 it all depends on capital, if we have a big capital, of course, we can get a big profits on daily trading. but for me, daily trading is very good for those who have no passive income, and I do that every day.

besides that day trading also depends on the ability to analyze market movements. Proper timing for managing buy and sell positions is the key. Besides mental and emotionality must also be managed properly, not to be greedy.

it's a fact, the most important thing is mental and emotionality. before I'm always bad at managing it. but I can learn from experience and when the bear market, I am not greedy and only take 5-10%, because fluctuations are quite risky, with my experience having lost 80%

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[Jimitieu]

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.

yeah I've held my tokens for a long time to expect their value to go up. But in fact very few people can wait long enough for their currencies to appreciate. So I think investing by day will bring you more profit. This will help you be able to do more with your capital instead of burying them in one place and just hoping and not doing anything.

[BennyK]

Day trading and HODLing for Long term are all good avenues for making profit in crypto. One can maximize the profit making ability from each of these avenues by first mastering the principles guiding them. Day trading has its own strategies to adopt and it requires the trader to stay glued to the PC, monitoring the market trend 24/7 in order know at which price to buy more and at which price to sell to make the profit for the day. Long term holders also read into the project, know its capabilities and invest and wait patiently for the project to reach its full potentials before withdrawing for profit.

[pamsugas]

daily trading is not easy, there are many daily traders that I follow on their channels, they are no longer active because the predictions they made are mostly wrong. I am very sad to hear your experience, I suggest you should just invest in litcoin, bitcoin and xrp coins that have been proven for years to be very profitable if invested.

[BChydro]

daily trading is not easy, there are many daily traders that I follow on their channels, they are no longer active because the predictions they made are mostly wrong. I am very sad to hear your experience, I suggest you should just invest in litcoin, bitcoin and xrp coins that have been proven for years to be very profitable if invested.

Day trading is possible but you cannot expect to have a profit on a daily basis and it all depend upon the market situation, if you are good in predicting the price accurately then leverage trading would be the best option but if you are expecting others to give you the prediction then you will not find any accurate prediction from anyone  . Bitcoin is profitable but the rest of the coins i am not interested to invest as the risk is higher.

[Bitfling]

daily trading is not easy, there are many daily traders that I follow on their channels, they are no longer active because the predictions they made are mostly wrong. I am very sad to hear your experience, I suggest you should just invest in litcoin, bitcoin and xrp coins that have been proven for years to be very profitable if invested.

Yes, daily trading is not easy because crypto price movements are difficult to guess. It may be profitable trading but it also carries a high level of risk and therefore trading skills are needed to make a profit. Likewise Long term, not all coins or tokens are worth keeping in the long run because many new projects may be better and prospective

[michellee]

it's a fact, the most important thing is mental and emotionality. before I'm always bad at managing it. but I can learn from experience and when the bear market, I am not greedy and only take 5-10%, because fluctuations are quite risky, with my experience having lost 80%

As long as we can make a profit, it's not a problem. No matter how big our profit, if we can survive and accept the profit, it will better than nothing. In the bear market, it is hard to do day trading because our coins will not be a potential coin because that coin will follow wherever bitcoin goes. And if that is the case, we need to change the strategy to long term hold, and we need to wait for the coin to be back to the high price so we can continue to do day trading.

[meliodas]

it's a fact, the most important thing is mental and emotionality. before I'm always bad at managing it. but I can learn from experience and when the bear market, I am not greedy and only take 5-10%, because fluctuations are quite risky, with my experience having lost 80%

As long as we can make a profit, it's not a problem. No matter how big our profit, if we can survive and accept the profit, it will better than nothing. In the bear market, it is hard to do day trading because our coins will not be a potential coin because that coin will follow wherever bitcoin goes. And if that is the case, we need to change the strategy to long term hold, and we need to wait for the coin to be back to the high price so we can continue to do day trading.

In overall, it all depends on the movement of the market. You are right that it is impossible to do day trading when the market is going down because even though you can buy at support and sell at resistance, it is still a high risk type of trading. Before you try something, you should look at it a bigger picture and think about the possible scenarios that might happen and after those process of evaluation, that is when you are going to decide if what suits you the most based on your risk appetite.

[comchien]

Depending on the case we choose to trade daily or hold long-term Altcoin some, if experienced, should trade daily to increase profits, lack of experience and do not want to be profitable in the short term. So hold is a safe way, but must know exactly how Altcoin holds to have a chance of success.

[Botnake]

Please specify what SNTR you are referring because I search at CMC and all I see is this https://coinmarketcap.com/currencies/silent-notary/..
and based on its price history, it never reach a price of 100 usd, I think you have both a scam coin my friend..
By the way, from 100 usd to 2 usd now, that's a big loss, I just hope you don't risk a lot of money to that coin you are talking.

[Pelunize12]

Please specify what SNTR you are referring because I search at CMC and all I see is this https://coinmarketcap.com/currencies/silent-notary/..
and based on its price history, it never reach a price of 100 usd, I think you have both a scam coin my friend..
By the way, from 100 usd to 2 usd now, that's a big loss, I just hope you don't risk a lot of money to that coin you are talking.

OP bought with capital 100 USD, not the coin never reach 100 USD.
the main problem that OP did use stop loss, or even did know how stop loss is. so, let's be knowledge
the second learning is that it's very risky to trade in bearish market, like falling from zero to hero

[bobelr]

Specifically in the bear market while you are talking about the crypto trading you should trade only for day trading. If you are trade on altcoins which are newly lunched or fluctuate then trade very short period and after making a slight profit exit immediate. This because if the price is go beyond your expectations then it is not sure that the price will come again and even the whole project behind the coins go vanished. If you are trade on the giant Bitcoin, Ripple, Ethereum or any other within the top10 then if the price go adverse then you can hold this for the long time patiently.

I love this advice. Perfect for what I need. Many thanks.

Please specify what SNTR you are referring because I search at CMC and all I see is this https://coinmarketcap.com/currencies/silent-notary/..
and based on its price history, it never reach a price of 100 usd, I think you have both a scam coin my friend..
By the way, from 100 usd to 2 usd now, that's a big loss, I just hope you don't risk a lot of money to that coin you are talking.

OP bought with capital 100 USD, not the coin never reach 100 USD.
the main problem that OP did use stop loss, or even did know how stop loss is. so, let's be knowledge
the second learning is that it's very risky to trade in bearish market, like falling from zero to hero

No, i actually bought for long term hodling. bought $100 worth of SNTR and investment zeroed down to less than $3.

Please specify what SNTR you are referring because I search at CMC and all I see is this https://coinmarketcap.com/currencies/silent-notary/..
and based on its price history, it never reach a price of 100 usd, I think you have both a scam coin my friend..
By the way, from 100 usd to 2 usd now, that's a big loss, I just hope you don't risk a lot of money to that coin you are talking.

No my friend. i didn't buy scam. I bought during ICO. I bought $100 worth of SNTR not at $100 as price. and $100 worth pf SNTR then, now worth less than $3. Big loss for me. Same SNTR now swapped to CIL.

Depending on the case we choose to trade daily or hold long-term Altcoin some, if experienced, should trade daily to increase profits, lack of experience and do not want to be profitable in the short term. So hold is a safe way, but must know exactly how Altcoin holds to have a chance of success.

I have gotten more advice that says I should hodl long, so i think hodling would be better. I don't have trading knowledge actually.

[jessyj48]

Once you make sure that the coins you pick are working products just relax and go with long term hold, they will surely drop in price but that's all, its only a matter of time they will surely surge again, only bad coins will find it hard to rise up after they fall big

[bobelr]

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

Seems this is a trending style of those who want to allegedly shill their coins  but it doesn't matter now because most members of the community are well aware of that! Might as well make a thread to compare his favorite coin (for shilling) and a close competitor and let the community engage in a discussion of both project's merits and features and see which is best among them.

Anyways, I think its best to day trade if you have enough time and want short term gains otherwise you could hold provided that the token/coin your hodling is very promising that it has a high probability of gaining huge ROI's in mid to long term period.

I am astonished with how you think. I really don't have good knowledge of trading. Maybe that accounts for my huge loss on SNTR. Even hodling had been devastating on my portfolio and that was because I hodl the wrong coin just as you said. Now i know better. I added DX and AWC with Matic to my wallrt. I look forward for more good coins to hodl.

Once you make sure that the coins you pick are working products just relax and go with long term hold, they will surely drop in price but that's all, its only a matter of time they will surely surge again, only bad coins will find it hard to rise up after they fall big

Thank you a bunch

This is my personal experience, so I originally aimed to trade with an initial capital of $ 100, I observe every day on the market, there is no significant movement. only +0.1 or less and more than that. In the end I didn't withdraw, and instead I kept hodl, so it would be a long-term investment. therefore the situation also determines for trading or long term.

So did you ever make any loss with that initial capital while day-trading?

[zeze18]

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.

For newbie, they can follow signals analyzed by the pro traders. There is a website which show professional traders analysis such as tradingview.com there you can learn how to do short term analysis to start daily trading

[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.

Holding doesn't work too well these days. You should probably focus on holding few top cryptocurrencies especially Bitcoin.
SNTR is SilentNotary, right? I guess it's currently abondoned as it's worth almost nothing on coinmarketcap. https://coinmarketcap.com/currencies/silent-notary/

Yes It is. SNTR now swapped to CIL but with limited supply. So many hodlers accepted bad fate given by the team.

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.

For newbie, they can follow signals analyzed by the pro traders. There is a website which show professional traders analysis such as tradingview.com there you can learn how to do short term analysis to start daily trading

Thank you for the info. Quite useful at this time.

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.

Currently the price of SNTR is $ 0.000001, the value is very cheap, why does the OP keep SNTR coins for so long when this coin has no potential, only 2 exchanges have SNTR volume.

I agree with you that it's better to trade daily with BTC / USD or BTC / ETH with great opportunities and you can play with your strategy.

I guess cos I didn't have any trading knowledge as at when I bought it. Now, I know better.

[Bitbtc8]

I know many are still going to go with day trading, its true you can double your coins or earn daily but its not safe compared to long term hodl, in crypto space seasonal changes is a must, bear season and bull season, the hardwork in holding coins is the long time waiting, if you can get over this you will make it unless you invest in bad coins

[bobelr]

I don't want to take the bait and get into the tokens you are shilling. I will just proceed to answer your question. Actually, this question has been asked countless of times already both inside and outside this forum. There will be more than just yes and no in the answer. I do day trade but very seldom, only when a very reliable signal is available. When none, my tokens are inside my wallets sleeping for the long term. But everything will still depend on your skills. You have to consider that as well.

Some consider it shilling but to me, I just talk about coins i found with good potentials and try to make some wise decisions by not relenting on my intelligent alone cos it has failed me severally. I really appreciate your contribution.

[TelolettOm]

For myself, I currently prefer to divide it into 2 financials, one for daily trading and one for long-term investment. I will not check or open long-term investments before there is an increase in price according to the target. but for day trading I choose as my income every day because there are rules that have been set in trading

[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.

Of course, do not let that be a worry for you, crypto is not in a good season so its normal if 100$ worth of token turn 2$, SNTR is not the only project that suffers huge loss but we can't categorized it as loss until you sell the 100$ worth of tokens for that 2$, there is profit in holding so do not be bother, you can find other means like trading

  I count it as loss already cos SNTR is dead. Team swapped to CIL with limited supply while many investors/hodlers stuck in SNTR. swapping was restricted to high volume which was very unfair practice even after huge loss, I can't spur in my hard-earned cash again.

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.

The same period Eth and BTC was down. I could remember that BTC fell to around $5k. Almost same or worst if I bought BTC or ETH instead. But the difference is that BTC will always come back to life at least.

as uses with returns on work with evaluation to follows of details of personal competence parties to gains as distinctive on limit as might to deliver with numbers on returns as nominal with profit to complete within the terms of plan.

Friend! This tough a bit for me to understand. I would appreciate if you can simplify it for me.