jaysabi
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July 24, 2021, 04:58:38 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?
I think only you can answer this question. Look at the entire net profit of all you have made day trading, and then compare it to how much money you would have if you only bought and never sold. Which is higher? If you've made more day trading than you would have made by never selling any, then you're better off doing what you're doing. If it's the other way around, then you should stop day trading immediately.
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Koro-Sensei
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July 24, 2021, 05:20:35 AM |
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Investment is kind of the best for me. Me personally doesn't like the risk of trading as I have no specific knowledge about it. I've been trying to figure it out but I'm having a loss at it so I quit. I'm into holding right now and it gives me a good profit and less risk of losing money. I know day trading is quite good in terms of daily profit but the loss is unbearable if you're not an expert in that space.
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emmybd
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July 24, 2021, 10:18:47 AM |
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Cryptocurrency investors are more 'risk-averse' than traders, since they are more comfortable with leaving their investments alone and are not concerned with the daily price volatility. However, traders are risk-takers since frequent trading incurs a much higher degree of risks. This is because the extreme volatility of short-term cryptocurrency prices can present traders with the opportunity to make lots of money but could be equally disastrous if they are on the wrong side of the bet. Additionally, traders often engage in margin trading, which is a practice of borrowing funds from third parties to trade cryptocurrencies. Margin trading significantly increases the risks of trading since the traders have the ability to make more money (as compared to using their own funds) but also increases their potential losses.
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guydin
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July 24, 2021, 12:13:52 PM |
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First of all, investment is more calm than trading, as you just buy and then wait, you don't need to check charts every day, the time works for you. Secondly, I consider trading in the crypto market to be too risky, because of this terrible volatility. As in the stock market it is not very common to see changes in price by 10% and more every day! So, my conclusion is that Bitcoin and some other crypto like Ethereum, BNB are worth investing for a long term.
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suryana
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July 24, 2021, 12:27:23 PM |
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First of all, investment is more calm than trading, as you just buy and then wait, you don't need to check charts every day, the time works for you. Secondly, I consider trading in the crypto market to be too risky, because of this terrible volatility. As in the stock market it is not very common to see changes in price by 10% and more every day! So, my conclusion is that Bitcoin and some other crypto like Ethereum, BNB are worth investing for a long term.
I agree with your opinion . I have no regrets buying and holding ETH when its value is still so low. Because I firmly believe that ETH will reach its current point. My assets also increased and I am sure that later it will continue to increase. If bitcoin I still can't afford to invest long term.
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Bitcoin Seller
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July 24, 2021, 12:41:43 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?
There were a lot of calculations on this topic, and the result was always the same both in the stock market and in the crypto: long-term investment is more profitable.Personally I stick to the strategy of having better part of your assets in different fundamental currencies like Bitcoin, BNB, Ethereum etc, but 5-10% if you have enough time you can of course use for trading, for new strange projects, as it can give you fast income, although big losses as well.
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bitzizzix
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July 24, 2021, 02:33:17 PM |
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It depends on what type of person you are if you want to trade or invest. If you are a newbie, you can make a long term investment. Just hold it for a long time. In my own opinion, I will just have a long term investment. Suppose, even if the market crashes, take this opportunity to buy again.
If you do not have reliable skills to trade in Cryptocurrencies, better not, trading is not easy and you have to be full time to control the market. if there is something simpler and quieter to do like invest why not and only take advantage of when the price is down to buy and hold for the long term and sell when the price has gone up high as you expected and it is very simple and can avoid worry and panic when prices go down. and investing is a very safe and relaxed choice for beginners as well as those who have been in the industry for a long time.
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adzino
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July 24, 2021, 03:12:16 PM |
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If you wish to make active profit, you can try trading. It requires you to have knowledge about the market though. You need to understand how the market works and keep yourself updated every moment. You will be making small profit in the short run. But the risk is also high. On other hand, if you don't want to actively engage yourself with the market, then go for investment. Hold you coins, sit back, relax and sell when you reach your profit goal.
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conected
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July 24, 2021, 03:31:14 PM |
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It depends on what type of person you are if you want to trade or invest. If you are a newbie, you can make a long term investment. Just hold it for a long time. In my own opinion, I will just have a long term investment. Suppose, even if the market crashes, take this opportunity to buy again.
If you do not have reliable skills to trade in Cryptocurrencies, better not, trading is not easy and you have to be full time to control the market. if there is something simpler and quieter to do like invest why not and only take advantage of when the price is down to buy and hold for the long term and sell when the price has gone up high as you expected and it is very simple and can avoid worry and panic when prices go down. and investing is a very safe and relaxed choice for beginners as well as those who have been in the industry for a long time. - Trading also has many types of division into short-term and long-term, so the time per day will also be reduced a lot if we tend to focus on the long-term, but perhaps this is just a variation of investing, more precisely, we design the steps down to the smallest detail, instead of adopting the old fashioned approach. No case of the market can confuse us as long as we actively coordinate, do not look for a reckless as future and intraday
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Sayeds56
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stead.builders
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July 24, 2021, 03:55:37 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?
It all depends what are your priorities if you want to generate passive income then Trading is best but you have to learn rules of the game, means when to make entry and when exit by using Technical Indicators as well as safeguarding your trade by sop loss but if you are preared to hiold it for long term then be rest assured BTC will again beak its ATH most likely by the end of 2021. NOT A FINANCIAL ADVICE. DYOR
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cute nmp
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July 24, 2021, 06:43:18 PM |
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Both trading and investing have their own advantages and one can make profits from both.Investing is more safer when the right choices are made and does not involve lot of risks unlike trading.I have lost alot to trading but some professionals have made alot from it so the choice totally depends on you to choose the one you are better at.
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Nathrixxx
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July 24, 2021, 08:20:40 PM Merited by Symmetrick (1) |
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As for me, trading and investing is good on a long run, I develop quality time on both, study the market trends and follow daily updates, I don't rush to sell nor to invest but the idea is that we all have different opinions and preferences and either going for trading or investiging it is better to understand when to strike (invest) and when to withhold.
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Viscore
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July 24, 2021, 09:46:26 PM |
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As for me, trading and investing is good on a long run, I develop quality time on both, study the market trends and follow daily updates, I don't rush to sell nor to invest but the idea is that we all have different opinions and preferences and either going for trading or investiging it is better to understand when to strike (invest) and when to withhold.
It's best to try indulge yourself into trading and investing and when you get there, you can already make a comparison which one suit your capabilities and skills. I guess its the experience that will help you chose the better. Well, there's no bad in trading as long as you know how to do it rightly and you were able to make profits even if the market is crashing. If not, then better stick into investing and chose those coins who has high potentials to buy and hold and sell them only when your target price has been achieved.
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MoneyJ
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July 25, 2021, 12:40:07 AM |
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Crypto investing is still the right strategy in my opinion because mass adoption has not yet been embraced. Plus the fact that Tax laws are now being implemented around the globe. Never would you gain more with frequent trading scheme because capital gains will always lessen your profits.
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Victorycoin
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July 25, 2021, 07:46:15 AM |
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Cryptocurrency investing is better if you study the market situation lots of cryptocurrencies are available in the market the two main influential currencies are bitcoin and etherium. Most cryptocurrencies are driven by blockchain technology and each has a different level of volatility. Currently their potential greatly affects the financial markets of all sizes and sizes opening up investment and business opportunities for them.
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South Park
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July 26, 2021, 09:00:45 PM |
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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.
Once you make your investment you are right there is not much to do except accept the losses when the market is down and enjoy the profits when the market is going up, however before you make any investment there is in fact a lot to be done, many people just invest in whatever coins that they like but a real investor takes the time to look at every aspect of the asset in which he is interested and only after months of investigation he will invest in the asset, which means that being an investor is also a lot of work and it is not as easy as it may seem at first.
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Hulhala15
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July 27, 2021, 04:22:02 AM |
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Tastes differ. It depends on what goals you want to achieve and how much money you are ready to invest and for how long. These questions should be answered in order to understand waht is better for you: trading or investing. Investing is usually made for a really long time. Some people invest in order to have much money after retirement, others invest in order to afford their children go to college, some people don't like high volatility which is a characteristic feature of cryptos and they want to invest their money in order to keep it safe. There are plenty of other reasons but they are all united by a long planning horizon. Investing presupposes keeping the stocks for 10-20 years, even more. The advantage of investing is that you don't need to check your portfolio every day, you can just reallocate the assets twice a year. As for trading cryptos, there are a lot of different risks like above mentioned high volatility. You'd better to close the deals fast in order not to lose all the money because it is hard to predict the long-term movement of cryptos' prices. If you need to make some money in a relatively short period of time, cryptos are more suitable for this goal than investing. If you want to preserve your money and make huge profits in the period of 20 years, you'd better invest in stocks or invest in real-estate.
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TheGreatPython
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July 28, 2021, 05:32:39 PM |
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Cryptocurrency investors are more 'risk-averse' than traders, since they are more comfortable with leaving their investments alone and are not concerned with the daily price volatility. However, traders are risk-takers since frequent trading incurs a much higher degree of risks. This is because the extreme volatility of short-term cryptocurrency prices can present traders with the opportunity to make lots of money but could be equally disastrous if they are on the wrong side of the bet. Additionally, traders often engage in margin trading, which is a practice of borrowing funds from third parties to trade cryptocurrencies. Margin trading significantly increases the risks of trading since the traders have the ability to make more money (as compared to using their own funds) but also increases their potential losses.
I honestly believe that there is a good chance we could end up with a lot of profit only if we could ignore the price. I have done that for a very long time now and I am very happy with the results. I am not only invested in bitcoin, I am invested heavily into eth and bnb as well and making profit in both of them, and I have invested in some smaller coins as well like uniswap and cake as well and making a profit in both of them as well. In short, the ability to ignore the price allowed me to make a good profit in the long run, and for some people that is not easy for some reason, but an investor could make a profit 100% guaranteed given enough time whereas a trader may end up losing money all the time forever if they are bad at it, or they could make a lot more profit than an investor if they are good at it, so it is a risk that you take while becoming a trader.
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suryana
Sr. Member
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Trphy.io
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July 28, 2021, 05:56:42 PM |
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Tastes differ. It depends on what goals you want to achieve and how much money you are ready to invest and for how long. These questions should be answered in order to understand waht is better for you: trading or investing. Investing is usually made for a really long time. Some people invest in order to have much money after retirement, others invest in order to afford their children go to college, some people don't like high volatility which is a characteristic feature of cryptos and they want to invest their money in order to keep it safe. There are plenty of other reasons but they are all united by a long planning horizon. Investing presupposes keeping the stocks for 10-20 years, even more. The advantage of investing is that you don't need to check your portfolio every day, you can just reallocate the assets twice a year. As for trading cryptos, there are a lot of different risks like above mentioned high volatility. You'd better to close the deals fast in order not to lose all the money because it is hard to predict the long-term movement of cryptos' prices. If you need to make some money in a relatively short period of time, cryptos are more suitable for this goal than investing. If you want to preserve your money and make huge profits in the period of 20 years, you'd better invest in stocks or invest in real-estate.
Yes, it's true, if you refer to the short term it may be better to trade for short term profits. But if you intend to go long term, invest. It's just that depending on the goal, you want to keep it safe.. that means it's not crypto, but if you want to speculate on the value of big risk, big results and risk of loss, crypto is also quite good
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kapalmabur
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July 29, 2021, 08:39:17 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?
As long as you can continue to make profits then daily trading is more profitable, the market is always unpredictable so holding for the long term doesn't guarantee profit, this has happened to me when I bought bitcoin at the end of 2017 at a price of $15200 and held it for almost a year and actually I panicked and sell with lost around 53%. Yes the cryptocurrency market is difficult to predict and the cryptocurrency market is completely different from other markets, it is very volatile and when we hold it in the long term not everything ends in losing money, what is certain is that investing or trading in cryptocurrencies is not as easy as we imagine
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