Day Trading or Long-term Hodl?

[bettercrypto]

Day trading and holding in the long term, both of them can make a profit together and everyone must have their choice according to what they can do. For me personally to do day trading we need to understand more about trading and how to read charts to estimate what we will get and determine the right point to get out and buy the coins we have.

Absolutely correct mate, we all have our choice in whatsoever we do in real world and also in cryptocurrency. Day trading is good for me since I got into the industry. I have made a lot of gains while doing day trade but, sometimes its get messier.
Long-term holding at  this bearish market look more profitable to me because, loose is been minimize to it nearest minimal.

Though we can do what we want. We need also to look for market condition. This is not a joke or a play. Trading requires capital and time. If you just trading for the sake that you want and you are the owner of your own ship, it might be the reason why you will fall. Day trade and long term holding is matter of market conditions.

[styca]

I used to do quite a bit of trading, but nowadays I am entirely long-term hold.
The reason for this is tax. Obviously it varies from country to country, and often the law is vague... but in the UK at least, you are supposed to pay capital gains tax not just on crypto-to-fiat 'cashing out', but also on ALL crypto-to-crypto trades. We are all responsible adults - or at least all adults - and it is up to us as individuals whether we pay tax or not, but personally I like to pay what I owe, and I don't like the idea of the authorities suddenly coming to me years later with a huge bill.

[Bim abk]

Day trading and holding in the long term, both of them can make a profit together and everyone must have their choice according to what they can do. For me personally to do day trading we need to understand more about trading and how to read charts to estimate what we will get and determine the right point to get out and buy the coins we have.

Absolutely correct mate, we all have our choice in whatsoever we do in real world and also in cryptocurrency. Day trading is good for me since I got into the industry. I have made a lot of gains while doing day trade but, sometimes its get messier.
Long-term holding at  this bearish market look more profitable to me because, loose is been minimize to it nearest minimal.

Though we can do what we want. We need also to look for market condition. This is not a joke or a play. Trading requires capital and time. If you just trading for the sake that you want and you are the owner of your own ship, it might be the reason why you will fall. Day trade and long term holding is matter of market conditions.

investment and trade do indeed have to have a goal because investment discusses the funds spent. so we cannot play around while doing it, therefore we must prepare everything properly. we must prepare mentally, the potential of time and certainly capital and therefore investing will indeed train us to keep thinking

[Gheka]

I used to do quite a bit of trading, but nowadays I am entirely long-term hold.
The reason for this is tax. Obviously it varies from country to country, and often the law is vague... but in the UK at least, you are supposed to pay capital gains tax not just on crypto-to-fiat 'cashing out', but also on ALL crypto-to-crypto trades. We are all responsible adults - or at least all adults - and it is up to us as individuals whether we pay tax or not, but personally I like to pay what I owe, and I don't like the idea of the authorities suddenly coming to me years later with a huge bill.

I don't understand why crypto taxes can be imposed on your country while as far as I know, crypto is virtually anonymous and no country can set taxes or control users here, but if tax occurs, it only happens when we convert crypto into fiat, long-term holdings or trading transactions also need a cumulative time to convert, not necessary to convert every day, so tax is not an issue. You said you made a lot of trading but you still have good appreciation on holding while many traders here have shown too great disadvantages of this method, maybe you need to think more about this method

[Mega_crypto]

day trading can be super profitable and at the same time over-stressed, nervous is not the place here. The choice of long-term investment should be made when you have a large deposit.

[styca]

I don't understand why crypto taxes can be imposed on your country while as far as I know, crypto is virtually anonymous and no country can set taxes or control users here

Yes, there is the question of whether you can just not say anything, and get away with it. I wouldn't like to follow this route, from an ethical perspective - but certainly when you cash out to fiat there will be the question of where that money came from, and the possibility of tracing it back to previous trades.

if tax occurs, it only happens when we convert crypto into fiat, long-term holdings or trading transactions also need a cumulative time to convert, not necessary to convert every day, so tax is not an issue. You said you made a lot of trading but you still have good appreciation on holding while many traders here have shown too great disadvantages of this method, maybe you need to think more about this method

The position in the UK is fairly clear - HMRC have issued guidance that crypto-to-crypto trades are taxable events for capital gains.

[Magkirap]

Day trading and holding in the long term, both of them can make a profit together and everyone must have their choice according to what they can do. For me personally to do day trading we need to understand more about trading and how to read charts to estimate what we will get and determine the right point to get out and buy the coins we have.

Absolutely correct mate, we all have our choice in whatsoever we do in real world and also in cryptocurrency. Day trading is good for me since I got into the industry. I have made a lot of gains while doing day trade but, sometimes its get messier.
Long-term holding at  this bearish market look more profitable to me because, loose is been minimize to it nearest minimal.

Like what you've stated you see long term holding now as a better option and i think that concludes that we should be able to do both day trading and long term holding so that we can utilize each thing and maximize the profit that we can possibly earn here in the crypto world but of course it requires you extra effort because you need to know how to do both day trading and long term holding.

[rahmathidayat93]

day trading can be super profitable and at the same time over-stressed, nervous is not the place here. The choice of long-term investment should be made when you have a large deposit.

Large deposits can also be very profitable if we take advantage of daily trading, because if we have a large deposit amount, the profits automatically through trading will also be very large.

[upyem2k]

Hodling is currently a monetary suicide for cryptocurrency investors nowadays. Selling within minutes of listing on exchange is the only through which the loss can be avoided or be at the barest minimum.

[jcarlo]

Hodling is currently a monetary suicide for cryptocurrency investors nowadays. Selling within minutes of listing on exchange is the only through which the loss can be avoided or be at the barest minimum.

In my opinion, for the case of crypto which is in the top 10, Hodl for the long term can be a rational choice. Maybe for many tokens, in the current market conditions it is not good to hold long-term conditions because prices are down and trading is the choice of many people. I think the style of people in investing is different and in my opinion trading is not suitable for certain people

[znation]

it is due to the way you choose the wrong altcoin to hold so over time that altcoin does not have the potential to grow and its value also fades over time, while day trading is a must for experienced people to have The daily trading or long-term hold are two different directions.

[RussiaUkraineTranslation]

It's difficult to make money trading in a bear market, a better play might be to buy an exchange token like bnb or ecxx. This way you can profit in a bear or bull market.

[princecharles]

Day trading is actually much more lucrative compared to long term hold. If one is waiting for long term gains in cryptocurrency it could take a much longer time considering the situation of the market presently. The major challenge with day trading is to know the right tokens to trade. Some tokens are better to be traded daily or in short term because of their volatility ratio within a short period of time.

[Ezio_Auditore]

I have only recently started using day trading and it is already profitable. I'm not in a hurry or trying to make big x's. But every day I have a small increase to my balance and it seems to me that this is correct.

[fortunecrypto]

It's difficult to make money trading in a bear market, a better play might be to buy an exchange token like bnb or ecxx. This way you can profit in a bear or bull market.

You can still make a profit but not big enough compare when you are trading in the bull market, it's good to do arbitrage when all the coins are pumping, but of course you need a lot of time to track each coin's performance in various exchanges and you need big funds as well, but it's worth it.

[rahmathidayat93]

It's difficult to make money trading in a bear market, a better play might be to buy an exchange token like bnb or ecxx. This way you can profit in a bear or bull market.

It seems like you are a fan of binance and ecxx, because you always refer to both exchanges and token exchanges, even though the other tokens are also many good ones, like the top 10 tokens on coinmarketcap.

[kesmex]

it is due to the way you choose the wrong altcoin to hold so over time that altcoin does not have the potential to grow and its value also fades over time, while day trading is a must for experienced people to have The daily trading or long-term hold are two different directions.

I think if you buy it in the accumulation zone now altcoin is very feasible to buy, some predictions have also come out, altcoin season will come in some time, maybe in 2020 Q1

[Kezacky]

if you are ready, then both are good choices. such as short-term trading and also long-term investment. Another day you will get double the benefits if you do it with cryptoqurrency which has great potential and when the market has improved. even I am personally currently doing both ways.

[biddicoin]

It's difficult to make money trading in a bear market, a better play might be to buy an exchange token like bnb or ecxx. This way you can profit in a bear or bull market.

what is different bnb/ecxx with others coin in the bearish market?
How could those make money in bearish market?

Idk what you mean. I think those are same can be pump and down too as others coins
even ecxx is worse exchange as far I know, there is no data showed in coinmarketcap

[Spider A4]

At the moment I recommend you to trade daily because the market is not stable. The long-term method of hodl is very risky because if the market is unstable, altcoin price movements can go down at any time

This is not perfect way at the moment. Overall market is going on the downtrend i think now daily trade is too difficult also huge risky.
Daily trade is profitable when market something stable and growing but bear market is not suitable and i am not depend on the long term trade.