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rajakulam
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August 23, 2021, 05:17:11 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?
Each trader has his own method, if you are more active in watching and analyzing bitcoin price movements, you better trade daily, but if you are busy in real-world activities, I think you are better off investing in the long term, for the benefits I think it's the same, it's the same like you work take daily salary or monthly salary |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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husencoe
Full Member
 Offline
Activity: 658
Merit: 100
Eloncoin.org - Mars, here we come!
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August 23, 2021, 07:08:47 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?
The profit of investing bitcoin in the long term all depends on future market movements, but unfortunately we can't predict the future of cryptocurrencies, if the price of bitcoin in the future goes up, of course you will get double profits, but if the price goes down, of course you have to. be patient again to get profit for you |
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Mkmanik
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August 24, 2021, 08:48:51 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?
Holding Bitcoin is the best investment, Trust me. But for this, you need to choose some proper way. I would suggest you use Dollar Cost Averaging Bitcoin bot. In this way, you can buy Bitcoin at the best rate. I have seen most people like to buy bitcoin with DCA. Pump and dump will come and your buy price will be low. So it's good for you. You can buy any amount of Bitcoin daily/weekly/monthly whatever you want. I have also seen Kucoin also offering this bot. |
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lixer
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August 24, 2021, 12:27:13 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?
The profit of investing bitcoin in the long term all depends on future market movements, but unfortunately we can't predict the future of cryptocurrencies, if the price of bitcoin in the future goes up, of course you will get double profits, but if the price goes down, of course you have to. be patient again to get profit for you The futuristic value of BTC is quite obviously a lot. As a trader it might be difficult to predict the market movement for the next week or month but from an investor's point of view, they can just buy BTC, save the private key and forget about it completely for a few years. Investing is easier than trading but it requires more financial stability such that you can block a large sum of money without having to worry about it. trading is about actively using the funds to make more money. In simple words, if you have a lot of money but lack time/skills then go for investment in crypto. If you have a lot of time and skills but lack funds then trading is the right choice for you. |
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BigBos
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August 24, 2021, 01:04:14 PM |
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there is a lot of money in crypto trading. The biggest reason for this is the Movement in the crypto market. If you trade properly, you can earn a lot of money. But it is important that you understand the intricacies of crypto No matter what coin your trade but choose top coins in, it is important to keep an eye on bitcoin because bitcoin has an impact on the entire market.
you are right. a lot of money in trading, it's just that sometimes people don't have time to study it, and do analysis in a hurry. anyway, the advice I can give in this case is if you have a lot of free time, perhaps trading will be more profitable, because it requires extra attention so as not to cross the high point. However, if you don't have time for it, and focus on other things, investing is the path you need to take, because when you decide to invest, you need to wait for it. choose the one that suits your needs. I choose both, and both of them provide great benefits if you choose the right investment, or trade. |
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Ibrahim60
Full Member
Offline
Activity: 1176
Merit: 100
The OGz Club
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August 24, 2021, 03:48:44 PM |
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When the market is pumped you can convert your capital buy usdt any time can trade good
He can convert his capital in any time. Not only that time when the price is pumped but also in the time when the price going to decrease. I will sheer you can invest on TRX caused it can pump hard anytime.
For long term investment he can choose Bitcoin, Litecoin, Ethereum, BNB etc potential coin. I think this will be more beneficial for him for long time investment. |
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jossiel
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August 24, 2021, 03:51:54 PM |
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The future prices are certainly difficult to predict, I tried to learn various techniques and analyzes that can predict bitcoin prices on a daily to annual basis, but the fact is not 100% true, maybe we just speculate that bitcoin prices will rise so now buy and hold.
Bitcoin is a speculative asset and we're all speculating what's with it in the future. But the catch that it's here to stay and most of the predictions that have been said to it lately is positive. Let's just be welcoming with anyone's speculation, high or low as long as there's a valid point given. |
Signature for rent
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kenskie
Newbie
Offline
Activity: 68
Merit: 0
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August 24, 2021, 03:56:03 PM |
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As far as I know, investing in BTC, ETH, and BNB is the best choice. Also some presale tokens and trading it  |
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topbitcoin
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August 24, 2021, 04:32:09 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?
Both will be worth especially if you are already good in it. Maybe you can try to do trading and save profit in BTC then hold it for long time. In other side, you can use that BTC as back up capital if your day trading activity facing a problem, then you can spend the rest for your daily life. So when you get profit you can withdraw for daily life and saving it as BTC and then holding it until your next target price. |
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xSkylarx
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August 24, 2021, 04:52:01 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?
Both will be worth especially if you are already good in it. Maybe you can try to do trading and save profit in BTC then hold it for long time. In other side, you can use that BTC as back up capital if your day trading activity facing a problem, then you can spend the rest for your daily life. So when you get profit you can withdraw for daily life and saving it as BTC and then holding it until your next target price. This is something I agree with! We all have our own preferences because we are the ones in charge of our assets, but I believe that doing both, holding and trading, is the best option. However, trading is extremely stressful, and you will lose some of your money as a result of your mistakes; however, if you know what you're doing, it can be profitable. On the other hand, holding a bitcoin is also beneficial and stress-free; however, if you can do both, it's ideal. |
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wheelz1200
Legendary
Offline
Activity: 3612
Merit: 1406
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August 24, 2021, 05:33:04 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?
HODL has always been the best strategy and don't think that changes today. Day trading usually tends to be a losing proposition unless you are highly skilled at it. Besides the stress from watching charts hour by hour is not healthy. Buy, HODL, go outside. |
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Cosmicdude001
Newbie
Offline
Activity: 2
Merit: 0
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August 24, 2021, 05:56:49 PM |
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Cryptocurrency trading is actually very high risky business compared to any other types of trading be it stocks, shares, gold, forex etc, so trading it is definitely risky as compared to simply buying and holding it, which is much more safer if you are planning to hold for a very long time, but it has its own risk as well, because the market is so much unpredictable, even we can't say with guarantee that it will go up in long run, as in we just can't exactly say how much time will it take before the fruit of long run is redeemed.
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5thFear
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August 24, 2021, 06:05:53 PM |
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I have tried crypto trading, like day traders and i have also tried investing for long terms and let me tell you that as a naive i have lost money in trading while made money in investing.
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Mkmanik
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August 27, 2021, 07:39:52 AM |
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I have tried crypto trading, like day traders and i have also tried investing for long terms and let me tell you that as a naive i have lost money in trading while made money in investing.
Trading and investing are not the same thing. Trading means you are doing long or short. Generally, traders like to do trade short term, swing trade, etc. most of the trade like to close their trade within a few hours. For trading, you need to know proper knowledge. Without proper skill, no one can able to gain profit from the trade. Most of the traders lose their money doing trade. only 10% of traders can able to make a profit from the trade. But investment is not like that, People make an investment for a long time. There is also risk available. You need to buy some legit coin for this. For long-term investment, I would suggest you buy Ethereum, Bnb, Cardano, Tron, Solana, etc. Before making any investment you need to do a lot of research where you are investing your money. |
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herurist
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August 27, 2021, 05:33:49 PM |
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I have tried crypto trading, like day traders and i have also tried investing for long terms and let me tell you that as a naive i have lost money in trading while made money in investing.
This may return to your observation and foresight in taking a position. Don't think that being a day trader who does scalping every day is an easy job because this requires carefulness, continuous observation and is smart in taking momentum and proficient in taking positions. This is a very difficult thing and not everyone can do it. regardless you lose money trying actually it is a first step process and maybe if it's like this you will probably not be able to continue to the end. and when this happens it is enough for you to be an investor who only does it in the long term this will be better for you than you try to continue and continue to be a day trader but always lose, maybe you just don't fit there and your style is suitable to be a long term investor. |
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South Park
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August 27, 2021, 08:47:33 PM |
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Cryptocurrency trading is actually very high risky business compared to any other types of trading be it stocks, shares, gold, forex etc, so trading it is definitely risky as compared to simply buying and holding it, which is much more safer if you are planning to hold for a very long time, but it has its own risk as well, because the market is so much unpredictable, even we can't say with guarantee that it will go up in long run, as in we just can't exactly say how much time will it take before the fruit of long run is redeemed.
Regardless of the type of asset that you decide to day trade it has always been an incredibly risky strategy and one that you are only justified to take if you have the skill to produce profits with it in a consistent manner, if not then you need to stop to day trade as simply the stress is going to be enough to decrease the quality of your life by a significant level, however that does not mean that holding is easy either but at least it is way easier than day trading by a wide margin. |
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Baihaki Khaizan
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August 28, 2021, 06:19:36 AM |
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The first thing you are told to decide when you are going to jump into trading the bitcoin market is your attitude when it comes to investing. Do you want to make money fast? Do you think that bitcoin is the future and holding it long term is the best option? By understanding your investment period, you can find out which trading strategy is more suitable for your needs. If you're someone who thinks bitcoin could be worth millions someday, then you're probably going to stick with a long-term strategy. If you only intend to profit from bitcoin price movements, this is very suitable if you use a short-term strategy.
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ljubomir821
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August 28, 2021, 09:26:14 AM |
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I'm sure investing is better. It takes less time, it is practically a passive type of income. All you need to do is analyze the project at the very beginning.
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Selling eBay and PayPal accounts 100% verified with real public data records |
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CaptainCrapper
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August 29, 2021, 04:26:27 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?
On trading, I can tell strongly everyone needs to control emotions. If you are a day trader you can succeed on trade cause if you buy any alter coin if dump BTC it will must dump so then if sold it you will must lose, so I think you have to attend a strong project and you have to wait sometime you will get the best feedback. or If you invest BTC for the Long term you will get good feedback must. |
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celot
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August 29, 2021, 05:45:38 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?
If the money you are going to put is savings money and will not be taken, it is better to invest it in my opinion, it is better. Because the value of bitcoin is getting higher and higher. And you can plan when you can withdraw it according to your profit plan. If trading you spend a lot of time and must always be in front of the monitor. |
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