lienfaye
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July 29, 2021, 09:08:59 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%. Daily trading is profitable and you can earn more than holding, however it depends on us on how to make it happen because not all traders are able to earn by doing so. On the other side, you bought your btc in time the bullish season is almost over, year 2018 is the correction phase of btc and it didnt recover fast thus some investors became tired of waiting including you. Patience is a must if you want to hold for long period because we'll never know when the market is going to bounce back consistently.
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South Park
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July 31, 2021, 03:09:21 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. You have much better chance to pick the right project when you invest your time doing your research, investigating the project which includes the team performances, it helps you a lot to know and understand what possible purpose the project have to offer, from that part, the chance is quite high in choosing which asset is better both long and short turned around. While your chances improve dramatically when you do your due diligence at the same time you will need to invest an incredible amount of work, after all for every good cryptocurrency out there there are probably one hundred that are completely useless and this means that you are going to need to read hundreds of white papers, websites and developers profiles in order to find that coin and that can be incredibly exhausting and I'll not be surprised that many people give up before even finding one good coin.
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nakamura12
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July 31, 2021, 06:16:34 PM |
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Hodling works great if you want long term one instead of short term. About trading, I don't have much knowledge and experience about it since I did not do much trading before and doing technical analysis needs a lot of time where it is one of the important things to do to predict the price. In trading, you can do it daily which in my experience you can earn profit and also loss if the price suddenly decrease but mostly profit and much faster but with higher risk of losing profit.
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famososMuertos
Legendary
Online
Activity: 1932
Merit: 3050
LE ☮︎ Halving es la purga
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August 01, 2021, 03:00:33 AM |
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It is not about justifying that it is better, it is about understanding and adapting. The bitcoin has had a winning band between $ 30k and $ 35K although for some it was a great tragedy, but there are traders who obtain profits sometimes the sum of these gains has a positive impact on their assets, so much so that they double their investment.
To do this requires time and experience, also seasons, intuition, the trader as the main means of income leaves a lot of profit but it is not for everyone, just as you are able to be happy for winning a bitcoin you must be able to maintain the balls so you don't cry when you lose 2 bitcoin, the only thing you know is that you are going to get it back, it's a job to build bankroll, build emotions, every day ...
... it's complicated, that's why some do it sporadically or just go hodl, that is, there is no time to start selling the art. If bitcoin were a valuable painting, many can only appreciate her beauty by hanging the painting in the living room of her house (hodl)
Not because you have a Picasso painting you have to start selling his works.
I have already mentioned this example on other occasions, but I just like the art that is on Bitcoin and Picasso.
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xSkylarx
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August 01, 2021, 05:29:52 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?
It's not a bad thing to hold bitcoin for the long term. Especially in the class of bitcoin, which maybe we already know what it's like all this time. Since bitcoin was founded until now bitcoin has shown that it deserves to be the best coin so far. We hope the future of bitcoin will be better in the future. Hopefully other coins will also follow suit. So don't hesitate to keep your bitcoin long term. Agree, but continue to trade while holding bitcoin. Holding a bitcoin takes time, but you're not doing anything but watching the price, so while you're waiting for the price to rise, do some trading if you have some spare cash. Though both are risky, holding a bitcoin has a better chance of yielding a large profit. However, the decision is yours; this is simply my opinion.
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monineklutak
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August 01, 2021, 06:29:52 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's not a bad thing to hold bitcoin for the long term. Especially in the class of bitcoin, which maybe we already know what it's like all this time. Since bitcoin was founded until now bitcoin has shown that it deserves to be the best coin so far. We hope the future of bitcoin will be better in the future. Hopefully other coins will also follow suit. So don't hesitate to keep your bitcoin long term. Agree, but continue to trade while holding bitcoin. Holding a bitcoin takes time, but you're not doing anything but watching the price, so while you're waiting for the price to rise, do some trading if you have some spare cash. Though both are risky, holding a bitcoin has a better chance of yielding a large profit. However, the decision is yours; this is simply my opinion. That's good advice and I'm sure people who have been here for a long time will definitely do that, when holding bitcoin of course it takes a long time because bitcoin is good for long term investment, so if at the time of holding we do nothing I think it is very unfortunate because after all we can take profit of making trades
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qwertyup23
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August 01, 2021, 08:08:51 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?
Depends but like what I previously mentioned to questions like this one, beginner day traders lose 97% of their investment and only 3% earn as much as a bank teller. If you aim for long-term, I highly suggest that you focus on investing than trading. Remember that day trading can be profitable but the risks are so high that a beginner trader may put himself in a lot of risks. If you have any prior experience as to trading, then you can do both trading and investing at the same time. But if you have no knowledge or anything whatsoever in trading, then I highly suggest that you HODL for long-term than day trading.
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glendall
Legendary
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Buzz App - Spin wheel, farm rewards
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August 02, 2021, 02:56:05 PM |
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both are equally good, where you trade daily you get profits and some of your profits are invested for the long term, be a multifunctional person, being able to trade is an option. and investing is an obligation
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SacriFries11
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August 03, 2021, 11:28:08 AM |
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If you're not knowledgeable in trading, trading is good for you. But you must also hold a certain part of your investment for savings. You earn profit in trading but there is also a possibility that your long term investment may earn. It is therefore a win-win situation for you. With trading, if your capital is small your return is also small.
The risk in trading is high because cryptocurrency is very volatile so you should carefully study the fundamentals and technical analysis of a cryptocurrency.
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molsewid
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August 03, 2021, 12:31:32 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.
I am a newbie trader and investor ar the same time of cryptocurrency but I am already a long time member of this forum. Yeah, sounds silly because I just knew cryptocurrency long time ago but recently I decided to myself to trade but later on it turns out a trading and investment at the same time. How do I do it? At first its just a terial on the token I choose to trade and after 2 weeks the token get hype and I take my profit now I my wallet with a x5 of my principal, and yet the token value keep on climbing and this is where my investment I guess started.
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Luke Briggs
Jr. Member
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Merit: 5
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I am an investor, but I also occasionally do some transactions. Who doesn't want to have more money? You can invest in valuable long-term cryptocurrencies, and you can learn about meme coins in your spare time, because this is a relatively large increase, and often high returns are accompanied by high risks. You must first understand the currency market and don't invest blindly.
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Issa56
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August 04, 2021, 10:07:18 AM |
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I think you buying and holding bitcoin for a long time will definitely be better than trading, but seriously am not saying trading is a option the only thing I notice is that in Cryptocurrency I believe everybody has his/her own format I believe you should always do anything that work's for you because what works for me might not work for you. Before you can buy and hold any coin I believe you will have a lot's of patience because if you don't have patience you might endup selling your coin at lost which is very bad. But a day trader don't really have to hold there coins for a long time. Am a investor and I believe in that because I really make my money from investing.
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jossiel
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August 04, 2021, 10:20:08 AM |
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For trading and investing each have advantages, disadvantages, characteristics, and mechanisms. Investment should be made based on current capabilities and situation because if you push yourself too much to get big profits in a short time, it will be detrimental and give you a high burden.
There are people that are new to investing but despite the bad situation that they've got and with the little investing capital that they have, they're managing to grow it a little by little. The situation is really a struggle for every one of us but that shouldn't be the reason for one to stop investing.
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blue_nexus15
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█ J A X N E T W O R K █
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August 05, 2021, 04:17:13 AM |
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Personally, investing seems to be better, long-term investment, I have more time for my family such as taking care of children, cooking, doing housework, investing makes me more comfortable, less pressured is transaction
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marilynmanson21
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August 05, 2021, 01:28:34 PM |
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salute to you, being able to trade daily, I may be the type of person who is impatient, so I'm better off investing, and looking for capital from following the bounty on this forum and I bought bitcoin, it's true that a trader needs patience and thoroughness
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TribalBob
Sr. Member
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DGbet.fun - Crypto Sportsbook
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August 05, 2021, 01:44:08 PM |
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I prefer to invest than trade where I often feel pressured when the coins I have are sold an price a coin go high if i invest i just wait for the right time when i take profit without any stress
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romero121
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DGbet.fun - Crypto Sportsbook
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August 05, 2021, 05:50:16 PM |
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Investing is for everyone, whereas trading is for users who have developed themselves through continuous learning and experimenting. The term 'investing' on cryptocurrency is similar to buying and holding it on a secure wallet. Investing is risk free whereas trading requires separate knowledge. Invest and don't let the fund be accumulated for a long. Inbetween we'll get opportunity which needs to be used to sell and buy it back generating good profit.
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South Park
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August 05, 2021, 09:35:30 PM |
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both are equally good, where you trade daily you get profits and some of your profits are invested for the long term, be a multifunctional person, being able to trade is an option. and investing is an obligation
I'm not so sure that I agree with the statement that both are equally good, you can earn money with both strategies but it is widely known that trading is more profitable than investing, the issue is that the difficulty level is way higher as well and as such the majority of people do not have what is necessary for them to become profitable traders, and because of this many decide to become investors which is still difficult and it is not easy at all to make profits but at least it is easier than trading.
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jakdanyel
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kycfree
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August 05, 2021, 09:57:41 PM |
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There is no certain belief about this actually. People who have a lot of experience in day trading can claim that it is the best way. And HODLers who have invested a lot so far and make a great profit can claim that it is the best one. But these are both opinions of course. It's up to you to choose the best one for you by trying out both of these ways.
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inoes
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August 05, 2021, 10:49:21 PM |
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if you want to invest well in bitcoin / others coins then buy as much as possible when the price dips. it's always DWYOR. An investor certainly doesn't want to think about things like indicators. Investors are only people who have large capital and are looking for profits. Becoming a trader is the right thing when the bitcoin price is stable. if bitcoin is being dumped then you should do a limit order of -10% to -30% . patiently waiting for it to be executed. it's better that you don't get coins than you lose money.
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