Day Trading or Long-term Hodl?

[Kez1817]

For me much better to trade daily rather than investing in a coin with out a clear destination. Day trading can give you small profit if you have knowledge on it. Anyway profit is depends on your capital. Trading is risky but helpful for me specially this time of covid.

[1715038355]

1715038355

[militiariko]

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.

I think there's another way around this, instead of worrying so much about your capital, invest an amount that you are able to lose without fretting, then trade with it, remember that the higher the capital, the higher the profit margin.

Always dyor

[southerngentuk]

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.

Why did you decide to invest in stablecoins? It's an unprofitable investment for you, stablecoins will always be stable over time. It only works to help you not lose when the market collapses

[jajorforce]

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!

Correct, daily trading time is getting over day by day. Upcoming time is only for holding. Look at the coinmarketcap, altcoins prices are getting higher every day, so daily trading can't be profitable. The topics of new coins are different, wait for the correction time before buying them. I think, now every top coin is good for a long time holding.

[Jamalmg]

It’s defend, if you understand trade then i think do trade but you want big profit on crypto so think hold long term Altcoin also it’s defend on investment.... Use Trusted coin like ETH, LTC it’s no risk to hold...    

[404edson]

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.

Yeah I agree with you for daily trading BTC/USDT or BTC/eth really works. You can either buy long or short it means you don't depend on the scenario of making the coin going high since you can bet into low direction. It only depends on how your charting and marking analysis run.

[monineklutak]

It’s defend, if you understand trade then i think do trade but you want big profit on crypto so think hold long term Altcoin also it’s defend on investment.... Use Trusted coin like ETH, LTC it’s no risk to hold...    

Long term trading has its risks, don't assume that you save your money on LTC or ETH will always be profitable,
it's better to short term and read the analysis

[MCobian]

I would rather recommend day trading than long-term trading, because day trading makes profits faster. Although the risk must be borne
much bigger than holding coins for long-term. We in life must dare to take risks, in order to become successful people. Do not let us play
too safe and there is no progress in life.

[TEX-LXRY]

First of all sorry for your loss.

Secondly the whole point is depend on your patience and how hard you want money in your life, If you have a good capital and can invest into coins for long term (higher profit/Higher loss) then you should go for it but i Believe instead of investing in coins you go for gold? maybe. If you capital is low and you cannot afford to put your money locked in for a month then day trading is the best as you can loss less from it and can have track for every moment.

TEX-LXRY

[Golftech]

Yeah I agree with you for daily trading BTC/USDT or BTC/eth really works. You can either buy long or short it means you don't depend on the scenario of making the coin going high since you can bet into low direction. It only depends on how your charting and marking analysis run.

I'm against daily trading, either putting you all day in trade. Even stopping limit loss can't help you with daily trading in this cryptocurrency situation.

If you are not good anticipating the market movement day trade won't be your friend, as volatilities will hurt you from time to time.

When the market is getting higher and higher, your daily trade can't save money. Yesterday the BTC price was 9.1k, but today you have to buy Bitcoin for 9.4 USD. Hope you understand my calculation.

The very reason you need to learn about calculations and anticipations, once you understand everything, it won't be hard to
expect what will be your next position and how long will it takes to execute.

Make investments weekly if price dumps don't make any investment or can make low investments.

Everything that into your knowledge will let you to position yourself, if you see that dumped is coming you can place your
order to a much lower price, wait till it's fills up then wait for another cycle before selling it back.

[StephenJH]

It’s defend, if you understand trade then i think do trade but you want big profit on crypto so think hold long term Altcoin also it’s defend on investment.... Use Trusted coin like ETH, LTC it’s no risk to hold...    

Long term trading has its risks, don't assume that you save your money on LTC or ETH will always be profitable,
it's better to short term and read the analysis

l think it absolutely depends on cryptocurrencies, l mean some altcoins are good for long term investments like top altcoins, but others can be a good choice for daily trading. No doubt long term investing is riskier than the short term, you must make a good research about the coin, which you will invest in in the long term. as l said top altcoins like ETH is the best choice for long term investing.

[TheClownSong]

It’s defend, if you understand trade then i think do trade but you want big profit on crypto so think hold long term Altcoin also it’s defend on investment.... Use Trusted coin like ETH, LTC it’s no risk to hold...    

Long term trading has its risks, don't assume that you save your money on LTC or ETH will always be profitable,
it's better to short term and read the analysis

l think it absolutely depends on cryptocurrencies, l mean some altcoins are good for long term investments like top altcoins, but others can be a good choice for daily trading. No doubt long term investing is riskier than the short term, you must make a good research about the coin, which you will invest in in the long term. as l said top altcoins like ETH is the best choice for long term investing.

Agree, some altcoins are worthy of a long-term investment and in my opinion many altcoins are only suitable for short-term investments. Altcoin price movements are sometimes very volatile and I don't think we need to hold it for the long term unless the coins or tokens already have a large transaction volume and also a large market cap value

[mariaana]

I think it depends upon your decisions. You can day trade and earn, also you can keep a potential coin and hodl it for future use. Both methods has made several investors and traders earn so much. However, long term trading is risky and you have to be very patient. Because the duration might be too long for you to earn.

Funny enough, crypto market is really risky for long term investments and more safe for day trading.
On the other hand stock market is the complete opposite

[radjie]

I myself prefer daily trading, because the risk is smaller than the long term, we do not know the future of the coin, it would be wise to choose the daily or short term trade

You are mistaken, you did not mention what type of coins you apply for day trading, if you trade bitcoin then you probably will not get a big profit at this time, even you might lose a little money that you have done in day trading

[TastyChillySauce00]

It’s defend, if you understand trade then i think do trade but you want big profit on crypto so think hold long term Altcoin also it’s defend on investment.... Use Trusted coin like ETH, LTC it’s no risk to hold...    

Long term trading has its risks, don't assume that you save your money on LTC or ETH will always be profitable,
it's better to short term and read the analysis

The price movements that happened on the LTC and ETH depend on the bitcoin. It can't be assumed when there's someone invested into these coins meant he has already got guaranteed to get a profit.
I do agree if the short term trade is the best thing this time.

[Shohag123]

If you have enough time and good amount of money then you can think about day trading.Btw you should have proper knowledge about the project you are choosing to trade and ability to read about the chart then I think day trading will be perfect for you.

On the other hand you have a little amount of money then you can only get a little amount of money from day trading.Thats why you can think about to hold a good projects coin for long term.Its price can boom and it can give you the money you desired from this project.

Btw long term hold can be little risky if you hold a unknown or bad reputed coin.For long term hold you should choose Top 50 crypto according to CMC.Then you don't have to bear any losses.But you never know what will happen in Crypto.Good luck to you and  if you are good enough for day trading then you should give a try.

[joinfree]

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 know right! the days where people bought into coin just because it was announced by so called Crypto analysts are over. These days everybody is well enlightened to do their own research about any cryptocurrency they want hence these schemes actually don't work.

[Dondeon]

I don't want to believe you are advertising the coin you mentioned. I feel it depends on what you are comfortable with, some are ok with day trading while some are fine with long term hold. Whichever choice you make, just make sure you are very careful about it.

[Pecunia non olet]

I would recommend to everyone, please hold your cryptocurrencies, do not try to trade them! I know that you see some traders that are earning a lot of percents a day, but they won´t you tell about the bad days and how much they can lose in one day! 

[key4co.in]

If you have enough time and good amount of money then you can think about day trading.Btw you should have proper knowledge about the project you are choosing to trade and ability to read about the chart then I think day trading will be perfect for you.

On the other hand you have a little amount of money then you can only get a little amount of money from day trading.Thats why you can think about to hold a good projects coin for long term.Its price can boom and it can give you the money you desired from this project.

Btw long term hold can be little risky if you hold a unknown or bad reputed coin.For long term hold you should choose Top 50 crypto according to CMC.Then you don't have to bear any losses.But you never know what will happen in Crypto.Good luck to you and  if you are good enough for day trading then you should give a try.

I think it's high time people stopped thinking it's only cool to hold top 50 coins on CMC for long term. Personally I've made more profit with mid/low cap coins with very solid project and team. Holding top 50 is just to reduce risk. Also for day trading, if you are very good with TA, you can make use of low time frame charts to scalp some trades with little profit. Also, if you get a good FA in time, you can make quick daily gains too.