Day Trading or Long-term Hodl?

[Blue_oxen]

When the market is good, day trading. When the market in bad shape, I have to become a long term holder and wait. Pretty sure a few day traders also sort of becoming long term holders since they make mistakes when brought in too high.

The answer of the question depends on the situation of the market and also on the choice of everyone. l mean it is changing from investor to other investor. As you above mentioned when the event of the market is great, it is recommended to make daily trading. On the other hand when the market is bad like right now, long term investing is right choice. l think long term investing is not for everyone, that is why everyone can not be enough patient.

Consider the condition of the market like right now, I think it's the best to do daily trading. However, you can hold some coins for a short-term profits such as ETH and BTC since those two coins are recovering from the recession. I think the market condition is not too hard right now, we can choose to do both depends on our own goals. However, keep in mind that the market is not as stable as before, any unpredictable thing can happen!

[Denamen]

When the market is good, day trading. When the market in bad shape, I have to become a long term holder and wait. Pretty sure a few day traders also sort of becoming long term holders since they make mistakes when brought in too high.

The answer of the question depends on the situation of the market and also on the choice of everyone. l mean it is changing from investor to other investor. As you above mentioned when the event of the market is great, it is recommended to make daily trading. On the other hand when the market is bad like right now, long term investing is right choice. l think long term investing is not for everyone, that is why everyone can not be enough patient.

Consider the condition of the market like right now, I think it's the best to do daily trading. However, you can hold some coins for a short-term profits such as ETH and BTC since those two coins are recovering from the recession. I think the market condition is not too hard right now, we can choose to do both depends on our own goals. However, keep in mind that the market is not as stable as before, any unpredictable thing can happen!

The market is always volatile and will never be able to predict anything, so before investing should consider carefully before making a decision. Bear markets can come back anytime and can definitely cost you money, so it takes a reasonable strategy to invest. The only thing that I feel better is the increasing investment demand and this will help the market to increase in the next few years.

[Docbee]

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 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.

Both day trading and long term hodl are good based on individual purpose and plan.  In my own opinion, I do recommend day trading to those that are experienced in crypto trading and those that are have enough money for trading.  Because buying small quantity of a particular token/coin is not profitable for day trading.  In the other hand, long term hodl is good for those that do not have enough money for trading provided the prospect of the project to be held has been ascertained to be good.

[takana212]

for now, the quality of coins is very influential in cryptocurrency investments, my advice you can choose the top coins now because they have good prospects to be used as short-term or long-term investments.

[ElmedoRator]

If you do not have trading experience then I think you should choose long-term hold. It will be a great investment for newcomers to this market, and if you have been in this market long enough and knowledgeable then trading will be the best option.

[IvugeoEvolutionCoin]

It is a totally different game than hodling coins. Day traders often use technical indicators by themselves or apply it with news or fundamental analysis. DYOR before diving into trading on daily basis. No easy task

Day trading only favors me when there is FA on a coin for quick profit. Day trading requires setting tight stop loss which hits more often, that's the main reason why I switched to midterm trading which has been favorable. Once my technical analysis is done, I place my buy and when it picks, I place my sell target and stop loss. For instance, once I spot golden cross on weekly and daily chart, RSI is not overbought, and MACD crosses the signal line from top with other confluences to support the TA like candle stick patterns (say bullish pinbar, or bullish engulfing), I do not hesitate to enter the trade.

[bukham88]

in crypto trading nobody gets rich overnight, because we need analysis and experience in trading, now daily investment is more profitable than a long-term investment.

[giammangiato]

It depend, the day trading is only for altcoins with low volume and great variation of the price, for the good projects I suggest to HOLD, HOLD, HOLD and when the price go down buy! The good projects are very rare but when you find it you can't lose the opportunity to a big gain for a daily trading!

[InwardContour]

It depend, the day trading is only for altcoins with low volume and great variation of the price, for the good projects I suggest to HOLD, HOLD, HOLD and when the price go down buy! The good projects are very rare but when you find it you can't lose the opportunity to a big gain for a daily trading!

I was day trading SYS and missed the big move today, little did I know there is a strong FA about big news on 23rd. The most important thing in trading is building a good strategy, then stick to it till it doesn't work. I do both day trading, mid term trading and long term investment, hence I'm somewhat dynamic. Even a coin I made 50% on later does 100%, I still won't regret taking profit. If you HODL all coins you buy, then that doesn't make you a trader, you are an investor if so.

[alik111]

Day trading is not suitable for all except Technical Analysis based traders.Day trading is actually very risky for newbies.But if you talk about long term hold then anyone can choose and invest on a coin which has a great fundamental and technical support team.

[FOPL]

When you invest in good projects long term hold is a great idea. However, when you day trade or possible you actively follow the market for opportunity you can increase your holdings gradually. For example you can short and buy low whenever there is a dip as you still. At the long run, you will more tokens as compared to holding.

[southerngentuk]

I do not have much experience in analyzing the market, which is why I chose the long-term hold to make a profit in this market. I need to wait a long time to get profit and need to be very patient with it. If you know how to trade, everything looks easy

[SistaFista]

Both option have some risks and advantages too. In day trading, usually you won't lose your money too much because you can sell the coin on the same day you buy it before it going worse. In long term holding, we must have patience to hold even if our coin value go down too much, and hopefully few years later the coin will value will rise.

[Dhoe]

I do not have much experience in analyzing the market, which is why I chose the long-term hold to make a profit in this market. I need to wait a long time to get profit and need to be very patient with it. If you know how to trade, everything looks easy

It's the right choice, if you don't understand how to analyze market prices. But if you want to learn daily trading, then you need to give enough time to monitor price charts, and that's not easy. You need to learn technical and fundamental analysis so that your trading can runs smoothly.

[lienfaye]

Both option have some risks and advantages too. In day trading, usually you won't lose your money too much because you can sell the coin on the same day you buy it before it going worse.

You have a point but sometimes if you missed the timing to sell it can get worse if the price didnt recover, so choosing a good coin with unstable price is best for day trading.

In long term holding, we must have patience to hold even if our coin value go down too much, and hopefully few years later the coin will value will rise.

Yes for long term holding patience is necessary since we are not certain when will the price going to increase and so we can take profit.

[elewton]

Both option have some risks and advantages too. In day trading, usually you won't lose your money too much because you can sell the coin on the same day you buy it before it going worse. In long term holding, we must have patience to hold even if our coin value go down too much, and hopefully few years later the coin will value will rise.

I prefer long-term investments because I do not have to worry too much about this investment and I do not have much time to see the price because my work is very pressure. In my opinion, only day trading when you have a lot of time to focus because any mistake of the day can cost you money. Each person will have their own strengths and you should choose to invest according to your ability.

[shaheer001]

Split your free money into two parts buy stablecoin with about 50% and start trade with the remaining 50% in crypto coins. I am sure you will never lose your original money even you did not get profit.

[Blue_oxen]

Both option have some risks and advantages too. In day trading, usually you won't lose your money too much because you can sell the coin on the same day you buy it before it going worse. In long term holding, we must have patience to hold even if our coin value go down too much, and hopefully few years later the coin will value will rise.

I prefer long-term investments because I do not have to worry too much about this investment and I do not have much time to see the price because my work is very pressure. In my opinion, only day trading when you have a lot of time to focus because any mistake of the day can cost you money. Each person will have their own strengths and you should choose to invest according to your ability.

Well, somebody considers this as their main income. Therefore, they always want to earn as much and quick profit as possible. I have to say that doing daily trading or long-term holding completely depends on each person's goal! For me, I consider this is a part-time job besides my main job. Therefore, I allocate my money half and half. Half for investing and half for trading.

[OptimusPrime_3]

It's quite understanding how day trading could work better than holding, but trust me, some very volatile coins doesnt support that to some extent, I recently tried day trading on a coin. I sold the initial when price was high, then bought back the tokens, had more.  Then greed made me sell again when price went up, only that this time, it kept going up for 1 month plus and that's how I couldn't buy back.
So in essence, volatility matters

[bluebit25]

I do not have much experience in analyzing the market, which is why I chose the long-term hold to make a profit in this market. I need to wait a long time to get profit and need to be very patient with it. If you know how to trade, everything looks easy

You should practice market analysis and altcoin. Do not invest without knowledge of it, if you have knowledge of this market, I believe you will easily make a profit from it in the short and long term.