What is better - cryptocurrency trading or investing?

[maisao1991]

For my own opinion, I think trading is waiting and patiently buying low and selling high, but holding BTC for a long time is that you have to earn more to be able to wait for its price to go up and sell. , so I feel that both sides are profitable, but if you have the patience to hold the potential long-term coin, there is a higher possibility of profit than daily trading that sometimes loses.

[Review Master]

As per my experience, both are great if OP has the proper knowledge of FA and TA. Also, OP can do the both crypto trading and investing into bitcoin. For an example, all profits can be converted into bitcoin for long time hodling and continue the day trading as well. But investing into altcoins is quite risky as well as profitable according to the usecase of that projects. If knowledge about TA is lower than expected, than better to go for hodlings bitcoin for long term purposes, IMHO.

[Cling18]

Both are actually profitable and your profit will depend on your patience and skills on how to deal with every market situation. You could allocate funds for your holdings and some for trading so you'll have a continuous source of profit while holding for a long term at the same time. Holding BTC could double or even triple your funds when the price strikes high but it requires a lot of patience.

[Gozie51]

there is a higher possibility of profit than daily trading that sometimes loses.

Trading is highly a risky game or activities. Yes the possibility of making the profit from trade is highly because it is daily but sometimes what is fearful is that losses are inevitable and when that happens you get discouraged to continue.

[maju69]

I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?

having that kind of thinking, that what you decide and what you believe holding bitcoins long term is a good first step.
well I will say exactly, always choose the way that later you will find satisfactory results when holding bitcoin for a long time.
The longer you hold bitcoin, the better.

[Desmong]

Trading or investing both requires a lot of risks that need to be put in consideration before attempting to enter the market. Trading is the act of placing bet on a coin pair against another coin of appreciating or depreciating more than the other. It need good knowledge of the market and how price moves.

Holding is the act of buying a coin and leaving it to appreciate after a long periods of time. It might take from a month to years of holding. It requires lesser risks than trading cause a coin can be left for years to gain value while trading occurs in shorter period. Some trading activities takes from 5 minutes to months depending on the type of trader involved.

[speedy963]

At the end of the day, what it all boils down to is the person's personal preference. Some like to invest long term, some short term while some prefer to trade and some like to diversify and do most of the things available to them. Some even incorporate all these plus gaming ever since crypto currency related games started popping out everywhere. Now, if you are looking for the best way to earn, I suggest that you focus on one thing at a time first and see which best suits you. If that works, then you can go ahead and diversify if it ever interests you. One thing you must keep in mind though is to be very careful and do not do anything without studying it thoroughly first because this will only put you in very bad situations which is pretty common for newbies, even I wasn't exempted from this.
-At the end of the day, whatever you do is up to you, this is just a piece of advice in which I hope can help.

[ninkdwi]

my mistake until now was not being able to hold coins for a long time. Somehow, I always look for ways and strategies to be able to control my mental when facing market conditions.

I know that in the future I can't continue like this. because after all, the strategy I'm using doesn't have a title at all.

[Yatsan]

If you are a type of person that does not go well into doing trading, then investment might be just for you. If you are foreseeing on which might be profitable between trading and investing with regards to Bitcoin, then I must say it still depends for we have different ways on handling the situation on which we can be good on either of investing or trading and there is a possibility to be good at both. Now, for a person that does not go actively on doing trading and just rely on the volatility of Bitcoin or any cryptocurrency he chooses, then investing might be your thing because right after you invest, it is up to you to hold or sell it already at a high price compared to trading that considers dealing actively with the market.

[Lanatsa]

I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?

Why you wont try out for yourself? You can do both if you do like and if you do like to answer the question you do have in mind in terms of profitability then its your choice to make.

But basing off with some common sense thing about profitability then nothing really beats out to someone who do make out active trades considering on the amount of profits
that they could potentially make compared to those who do simply hold but of course the risk is higher.

You would find it for yourself once you do experience on both trading actively or just simply holding.

[Oceat]

Both are actually profitable and your profit will depend on your patience and skills on how to deal with every market situation. You could allocate funds for your holdings and some for trading so you'll have a continuous source of profit while holding for a long term at the same time. Holding BTC could double or even triple your funds when the price strikes high but it requires a lot of patience.

Trading itself is a long way to earn a decent profit while I find investment as a good way to earn a good profit everytime you see a profitable price then you make some then try to reinvest if there's a cheaper price. Just like what you said trading will require some various skills and knowledge in order to gain profit plus patience and emotion control which will take some time to control.

And if you are just a newbie or trying to trade for the first time, you will lose more and more money in the long run before you even make a decent amount of profit.

[Danydee]

I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?

That's depend,
If you have time and skills to trading, trading and especially in cryptos can be very profitable if you know what you are doing
But that does not prevent you holding for long some well established cryptos, that is allways a good idea/deal.

[Similificator]

I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?

Honestly, there really isn't a rule that says you need to do some specific investing strategy or something. Just go ahead and do what suits you best or what investment strategy you are most comfortable with since it is you who will be investing and not others. People can give you options regarding investment strategies but you should be aware that their suggestions would mostly consist of strategies that works best with them which may not work for you since most of these strategies people suggest are made for specific life, time, interest or financial conditions that they have(of course this only applies for the people who invest strategically and not just randomly gambling with their money and efforts). What you can do though is take note of the suggestions you encounter and try them out yourself then see if you are comfortable with one, more or all of them so you can be at ease in adding it to your investment plans.

-Hope this helps, good day.

[breathlessz]

in total I prefer investing, although I am also learning to trade. by investing we just wait for the price to rise and sell it or we keep it for a long time, the most important thing is that we invest in trusted coins. different from trading which I thought, I personally haven't been able to make a lot of money from it, because I know that trading certainly requires a learning process

[traderethereum]

in total I prefer investing, although I am also learning to trade. by investing we just wait for the price to rise and sell it or we keep it for a long time, the most important thing is that we invest in trusted coins. different from trading which I thought, I personally haven't been able to make a lot of money from it, because I know that trading certainly requires a learning process

Making investments will not always make us check the price every day, reducing our panic if the price is down.
Although we need to wait for some period, as long as we can feel okay with holding the bitcoin, we will make a big profit.
It proves this year, when people already invest in bitcoin from 2018, even if they bought bitcoin at $19k that year, they already make a big profit by selling at $64k yesterday.
But day trading is not bad if you want to have additional income from crypto, but before you decide on day trading, you learn some lessons that can help you trade.

[Kittygalore]

Trading takes time and you have to be knowledgeable about trading and have a lot of capital and experience and even with all that it's not even a guarantee that you will make a lot of profit. Investing on the other hand, all you need is patience and faith to the cryptocurrency you are investing and you won't need much faith if the cryptocurrency you are going to invest in has a big potential like bitcoin and Ethereum. If you want to make money for short-term, try your luck on trading but if you are on the long-term, try your luck on investing but no matter which you choose, always be wise and smart with what cryptocurrency you are dabbling in because there's a lot of shitcoins out there hungry for your money.

[lienfaye]

I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?

Based on my experience holding bitcoin for long period is more profitable and convenient because it doesnt require a lots of time to monitor the market and its stress free. I tried to be a day trader before and though you can earn huge amount for choosing the right coin and buying/selling according to your plan it doesnt suit me because it gives me headache. Plus you really need to manage your time which I cant do because I also have day job. Well if you're curious to know which more is profitable then you have to try it first.

Nevertheless regardless what strategy you choose if the coin is btc its profitable compared to alts.

[LogitechMouse]

I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?

Doing both would be better . Best choice
Now if you see that one of them isn't giving you profit or worse you are losing on it them better leave it or focus on one.

In terms of profitability, day trading would be better compare to just holding but on the other hand the chances of you losing money is higher in trading. High risk = higher reward as they are saying . Just do both of them and if you see that you are earning profit on both of it and you aren't stressed doing both of them then just do both .

[Obito]

It's pretty stupid but I think that it's a much better option since it's safe and it covers both long-term and short-term, I think both of them can work together, you do trading while at the same time investing and hodling some of your cryptocurrencies that has a potential for long-term growth. I think that utilization of both facets of making money in cryptocurrency is a much better option compared to choosing just one.

[Reatim]

I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?

actually you can answer that literally mate because you will only comparing what profits you made in the Day trading strategy and what can holding brings you.

Lets say You daytrade bitcoin or other coins , and you choose to stop loss for at least 5-10% ups or down .

or think of those Holders that use to buy bitcoin last 2020 when the price drops down to 4000 and hold it for 1 year when the price climbs up to more than 60k.

what do you think is profitable? actually i only use Bitcoin as an example but of course Ethereum and other altcoins do the same growth or even much higher.