oHnK
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July 17, 2021, 04:43:50 PM |
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For trading, you can use any good pairs but none I can recommend.
When you are trading, I think that coin who is suitable for trading is the hype coin. That means when you are guess the coin is potential to be hype, you should have to own it then you can sell for several times later. Based on what kind the trader you are, are you trader for minutes term, hours term, daily term, even weekly term.
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Bitstar_coin
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July 17, 2021, 06:32:10 PM |
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Investing it is for me, trading is a time consuming and challenging thing which is not for everyone unlike investment, for anyone to be a successful trader requires understanding all the details in trading not to loss money while investing don't require any rigorous learning, just buy any suitable coin for long or short term and you will be fine, plus the risk of losing your funds is much higher trading than just invest and hodl.
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tygeade
Legendary
Offline
Activity: 2282
Merit: 1061
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July 17, 2021, 07:01:36 PM |
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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?
If there is one topic that has been discussed the most in this community, it must be "Investing vs Trading" or "Trading vs Holding" and even today we don't have an undisputed outright winner. According to me, investing is a much better and safer option than trading especially in crypto because the market can swing in any direction but because the scarcity factor is always there, the value in the long term is only going to get bigger. It also depends on the individual, if one is good at fundamental analysis they must look to invest generally while if one has a good ability to read charts and analyze technically, they should always trade. Overall, if you analyze though, the one who invested $100 worth in BTC at around 2010, and holds them now must be more profitable than a trader trading the same $100 worth of coins again and again and chances are high that he might have lost hem to panic selling.
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Davidvictorson
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July 18, 2021, 03:27:31 PM |
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The answer to this question is dependent on several factors like goals and personality. While some people buy and hodl because they are bad traders, some just want to have digital assets added to their portfolio in addition to stocks and real estate assets. For some others the goal is to be rich through crypto trading. These folks have seen the potentials to make big bucks and the high ROI crypto offers. Despite the volatility of the market, they have decided that it's either they get "rich trading or they cry 😭 tryin."
So which is better "trading or investing"? Both are. It just depends on what you want and how bad you want it.
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uneng
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July 18, 2021, 04:12:55 PM |
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In my opinion investing is much better and benefical on long run, because trading is similar to gambling (especially day trade), since you are counting on a speculative volatile market which moves up and down without apparent reason sometimes, being impossible to rely on market analyzes and patterns to guarantee your daily profit trading. That is very dangerous if you are using money you can't afford to lose. On the other hand for people who have fixed income it's not a big issue and trading can be even considered a hobby activity.
But for people who are looking for safer ways to grow their funds, investments are the best option, but only if they consider it on long run. There aren't solid investments on short run, because businesses take time to show positive effects or profit. And if there isn't any real business behind the investment in question, it's not a good investment at all and should be avoided.
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jossiel
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July 18, 2021, 04:15:54 PM |
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So which is better "trading or investing"? Both are. It just depends on what you want and how bad you want it.
Both are recommended if you're open to it. There really are chances that you're not a good trader but you're a good investor and also a risk taker. Whilst in the side of trading, you can also good there but you're always get rekt with investments.
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South Park
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July 18, 2021, 04:53:21 PM |
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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?
Sometimes it is better to not ask ourselves such general questions and instead to try to ask ourselves what is better for us? Trading is more profitable than just holding but can you do it? If you can then maybe you should consider trading and if you enjoy it then that is great, but even if you can profit from it if you are miserable while you trade as the activity is too hard then maybe it is a better idea to become and investor and earn less money but be way more happy about it as you do not want to be in front of your computer all day making trades.
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fuguebtc
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July 19, 2021, 03:08:58 PM |
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Trade and Hold are two very different methods of trying to profit in the markets. The investors seek profits through buying and holding coins for long periods of time. In contrast, traders take advantage of market volatility to enter and exit positions within a shorter time frame, reaping smaller and more frequent profits. Investing have a long-term approach to the market and are often used for purposes such as retirement accounts. Trading deals with short term strategies to maximize daily, monthly profits.
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Sir Legend
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July 20, 2021, 04:32:22 AM |
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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?
For me trading is better and more profitable than investing, with trading we can still get profit even though the market is red, investing is very risky because crypto is difficult to predict in the future because many have been delisted from the market.
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Kiley33
Member
Offline
Activity: 168
Merit: 19
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July 20, 2021, 06:56:56 AM |
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If you understand the cryptocurrency market, I recommend that you use 80% of your funds to buy Bitcoin and 20% to buy altcoins and make investments. Because Bitcoin is long-term, you can make a profit by holding it for a long time without selling it. Altcoins are generally short-term swings, which can make profits more easily.
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Bigmikie
Newbie
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Activity: 28
Merit: 1
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July 20, 2021, 11:07:07 AM |
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Before going into what i have to say concerning Cryptocurrency, I want to start by saying that Cryptocurrency trading is simply the means of digital currency with either fiat or other assets with the sole aim of making profit while that of Cryptocurrency investing is all about investing digital currency for a longer period of time still to make profit. Now coming down to the differentiation between the duo, When we say we are trading, it simply means that we put our money into different goods and services inorder to buy and sell to make profit in no distant of a time. while that of Investing means putting our money into a particular goods or services for longer period of time. The first is characterized by profit maximization for a short period of time with many goods and serviices, while the Later is still aim at Profit Maximization for longer period of time especially with few goods or services.
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Golftech
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July 20, 2021, 11:14:13 AM |
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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?
For me trading is better and more profitable than investing, with trading we can still get profit even though the market is red, investing is very risky because crypto is difficult to predict in the future because many have been delisted from the market. In particular, if you'll going to hold Bitcoin the chance to gained decent amount of money is very possible, knowing that this coin have that capabilities to bounce back, if you trace those previous market run, it can be said that by holding the profits is really high, but if you are a risk taker and can do handle pressure with trading, it's also a good place to invest just managed to work with your daily targets.
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monineklutak
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July 20, 2021, 04:57:45 PM |
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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?
For me trading is better and more profitable than investing, with trading we can still get profit even though the market is red, investing is very risky because crypto is difficult to predict in the future because many have been delisted from the market. Everyone has their own views on which is better, whether trading or investing, but for this I prefer to trade as you choose because it is more profitable than investment, even so, trading is not as easy as we imagine because the risk will always be there
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Princejebs
Member
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Activity: 560
Merit: 26
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July 21, 2021, 05:13:01 PM |
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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?
Every day trader or traders in general has their PNL in their profile, you can easily compare and contrast that with your trades and bags you are holding. Been holder has its advantages as you never miss every pump but the other side is, you don't sell and you may easily loose those profits but when it comes to trading, their risk management, you know when to enter a trade and to exit a trade.
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macson
Full Member
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Activity: 1134
Merit: 151
Catalog Websites
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July 21, 2021, 08:20:28 PM |
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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?
evaluate your own abilities then ask yourself and you will definitely get the best answer. if you do not have knowledge in trading and also patience then investment is the best for you and vice versa (i personally think long term investment is more profitable for me so i can save time and keep doing my offline work). other people's suggestions can only be your benchmark because after all only you know which one is best for you.
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cute nmp
Jr. Member
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Activity: 1834
Merit: 3
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July 21, 2021, 08:45:08 PM |
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I will definitely go with investing rather than trading.Trading is very risky and can easily lead to loss of funds unlike investing where you can easily made profits especially when you made the right choices and invest in good project with a hard working team and a great working plan.
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[ PredX.ai ] Multichains Prediction Market Powered by AI ● Politics ● Crypto ● Sports ● Stocks ● AI ● Others
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19Nov16
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July 22, 2021, 04:27:18 PM |
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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?
I think trading is better and more profitable than investing, I emphasize that this is crypto, price increases can occur hundreds of percent so that we have more opportunities to develop money without waiting a long time.
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South Park
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July 22, 2021, 08:14:35 PM |
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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?
For me trading is better and more profitable than investing, with trading we can still get profit even though the market is red, investing is very risky because crypto is difficult to predict in the future because many have been delisted from the market. By the way you are saying this you are making it seem as if trading is safer than investing and nothing could be further from the truth, between the two trading is more risky as you are trying to time the moment you invest in a coin and then get out as soon as things seem to go in the wrong direction, when we add the fees, taxes, the possibility of the exchange where you are trading being hacked and even more factors that escape my mind at the moment there is no doubt that trading is more risky albeit more profitable.
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tabas
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July 22, 2021, 08:16:10 PM |
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I will definitely go with investing rather than trading.Trading is very risky and can easily lead to loss of funds unlike investing where you can easily made profits especially when you made the right choices and invest in good project with a hard working team and a great working plan.
Well, both of them are risky but yeah, the risk goes more with trading and you need to keep grinding for you to always win the market. While the investors, there's only a needed thing to do and that's to have a good amount of capital and wait until it nourishes through time. That's making the right choice but salute to those folks that are doing the same thing and making trading as their daily source of income.
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Kong Hey Pakboy
Member
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Activity: 1120
Merit: 68
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July 24, 2021, 03:38:16 AM |
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For me, investing is a good one because it requires the least effort since all you do is just watch your investment grow and in the right time, take the profits that you have incurred over a period of time during the investing.
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