Desmong
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Crypto bookmaker and casino
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December 27, 2021, 07:58:49 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 you are day trading and you are making a good project daily, then I thinks it is better to keep trading and making few dollars than to wait on what the market has to offer. The market disappoints a lots with crazy things happening which we can't predict.bkeep doing what you know how to do best and don't jump into something you are not familiar with.
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ashleyknight (OP)
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January 04, 2022, 07:21:49 AM |
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It all depends go for that which you understand better both are risky and highly volatile. It would be safer to invest but that doesn't guarantee loss free irrespective of the project. But the one you understand better would be your safe haven. Just develop your self In that which you feel more passionate about. The truth remains none is better than the other both requires risk and good analysis
I agree with you. This whole patience thing is what stopped me from trying investing in cryptocurrencies. Seeing the value dropping and still holding onto it requires a lot of patience.
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Rasa nanas
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January 04, 2022, 02:41:50 PM |
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Trading or investing are both equally good. That's how we do it, regarding risks, all must have risks, but can be categorized into 2, big and small. And I think the investment has a fairly small risk. But do not think, when the risk is small we can enter without analyzing. There are instruments that must really be considered.
Yes, that's true, basically both investing or trading is equally profitable, both do have risks and therefore we must have the knowledge and skills to be able to make decisions so that they are not too risky It is true that long-term investment and short-term investment or day trading have the same risk, but in my opinion short-term investment or day trading has a higher risk due to unpredictable market conditions. In addition the techniques or analysis used for short-term investments are much more complicated than long-term investments because a day trader must be able to guess where the market will move in a short time.
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ashleyknight (OP)
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January 05, 2022, 06:27:05 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 you are day trading and you are making a good project daily, then I thinks it is better to keep trading and making few dollars than to wait on what the market has to offer. The market disappoints a lots with crazy things happening which we can't predict.bkeep doing what you know how to do best and don't jump into something you are not familiar with. Thank you for your valuable suggestion. Are you a trader or an investor in bitcoin?
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Xinarae*
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January 05, 2022, 06:43:16 AM |
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You have good experience in trading and investing then both are profitable but better investments in the long run than in daily trading. The risk is higher when trading every day trading is not possible to properly evaluate currencies without experience is true that it is better to hold bitcoin there is no fear of losing this currency and trading is possible to make a profit in the long run even if the knowledge is less. Long term investment benefits for investors.
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rodskee
Full Member
Online
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Merit: 205
yahoo62278
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January 05, 2022, 07:23:14 AM |
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You have good experience in trading and investing then both are profitable but better investments in the long run than in daily trading. The risk is higher when trading every day trading is not possible to properly evaluate currencies without experience is true that it is better to hold bitcoin there is no fear of losing this currency and trading is possible to make a profit in the long run even if the knowledge is less. Long term investment benefits for investors.
Yes it is always best to make profit in long term but also we knew that the most profitable is Day Trading , there are many investors/traders that make huge income when they daytrade but also this is the most risky and really breathtaking experience. I quit day trading years back but i never stop checking which currency to try betting sometime so yes i am always on track of everything specially the possible findings of GEM.
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dataispower
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January 05, 2022, 07:57:43 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?
Brotherly, i seems that hodling a Bitcoin for long time is even better than going into trading of daily activities and function, if we hodl bitcoin and any altcoins for two and half years the profit of bitcoin will be profitable than the one of altcoins because bitcoin is having changes everyday by day. I will like to tell beginner's in cryptocurrency to buy Bitcoin and store for long time if the capital is there than buying a none legit project coin for trading
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Frengki_cisco
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January 05, 2022, 08:23:58 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?
What you do is both risky, trading and investing, both have serious risks of losing. For now what do you do and what knowledge you have, both of these things have their own ways and tricks to do it, if I ask you, I prefer investing, even though risky is not the same as trading, it's just that you monitor potential and cheap crypto in the market, investing in futures.
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BTC
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globalpain
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The OGz Club
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January 05, 2022, 09:38:50 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?
Brotherly, i seems that hodling a Bitcoin for long time is even better than going into trading of daily activities and function, if we hodl bitcoin and any altcoins for two and half years the profit of bitcoin will be profitable than the one of altcoins because bitcoin is having changes everyday by day. I will like to tell beginner's in cryptocurrency to buy Bitcoin and store for long time if the capital is there than buying a none legit project coin for trading However holding in the long term up to two and a half years is certainly not something that is easy for everyone, other than that in doing that patience is the key, what is clear when talking about Bitcoin there is no need to doubt it
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Peanutswar
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Top Crypto Casino
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January 05, 2022, 12:16:32 PM |
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It depends on your preferences if this is a long term or a short term investment, if you are active on the market you can joy ride with the market volatility. But if you have a trust with bitcoin you can go for the long term and wait for your assets to get the designated profit you want. In investing you are just letting your money get to the wave of the market volatilty in trading you are the one who set the sail where you go to take profit or to lose because of liquidation.
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Ngemmeng
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SOL.BIOKRIPT.COM
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January 05, 2022, 04:53:33 PM |
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You have good experience in trading and investing then both are profitable but better investments in the long run than in daily trading. The risk is higher when trading every day trading is not possible to properly evaluate currencies without experience is true that it is better to hold bitcoin there is no fear of losing this currency and trading is possible to make a profit in the long run even if the knowledge is less. Long term investment benefits for investors.
most people do choose long-term investments because they are safer and do not require complicated analysis. but not a few also choose to make short-term investments because they want to get a quick profit and use the profit earned for capital to get a bigger profit. It doesn't matter if you want to invest long term or short term, the most important thing is according to the skills you have.
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ReiMomo
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Duelbits - $100k Bonus/week
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January 05, 2022, 06:08:35 PM |
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You have good experience in trading and investing then both are profitable but better investments in the long run than in daily trading. The risk is higher when trading every day trading is not possible to properly evaluate currencies without experience is true that it is better to hold bitcoin there is no fear of losing this currency and trading is possible to make a profit in the long run even if the knowledge is less. Long term investment benefits for investors.
most people do choose long-term investments because they are safer and do not require complicated analysis. but not a few also choose to make short-term investments because they want to get a quick profit and use the profit earned for capital to get a bigger profit. It doesn't matter if you want to invest long term or short term, the most important thing is according to the skills you have. Yes It depends. Even many who day trade, will choose for a long term investment. Its up to individual. As said, If you confident on yourself and have experience and been successful in trading, then you can continue to do day trade. For those who are new to trading but have much confidence on any coin especially on Bitcoin, then yes, go for a long term investment. You can certainly have a deep break, sit back and relax on a long term investment.
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Lanatsa
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January 05, 2022, 10:48:31 PM |
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You have good experience in trading and investing then both are profitable but better investments in the long run than in daily trading. The risk is higher when trading every day trading is not possible to properly evaluate currencies without experience is true that it is better to hold bitcoin there is no fear of losing this currency and trading is possible to make a profit in the long run even if the knowledge is less. Long term investment benefits for investors.
most people do choose long-term investments because they are safer and do not require complicated analysis. but not a few also choose to make short-term investments because they want to get a quick profit and use the profit earned for capital to get a bigger profit. It doesn't matter if you want to invest long term or short term, the most important thing is according to the skills you have. Yes It depends. Even many who day trade, will choose for a long term investment. Its up to individual. As said, If you confident on yourself and have experience and been successful in trading, then you can continue to do day trade. For those who are new to trading but have much confidence on any coin especially on Bitcoin, then yes, go for a long term investment. You can certainly have a deep break, sit back and relax on a long term investment. When trading then it could neither be long term or short term but on general speaking it is still an investment because you had put up something for you to earn something. I don't know on why it isn't considered that trading isn't an investment? So its a personal choice whether which one you do engage on but put up in mind that both things are just the same. It do only varies or differs on the duration on where you do take out profits but on general sense it is just the same.
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Pamadar
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January 06, 2022, 04:10:55 PM |
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You have good experience in trading and investing then both are profitable but better investments in the long run than in daily trading. The risk is higher when trading every day trading is not possible to properly evaluate currencies without experience is true that it is better to hold bitcoin there is no fear of losing this currency and trading is possible to make a profit in the long run even if the knowledge is less. Long term investment benefits for investors.
most people do choose long-term investments because they are safer and do not require complicated analysis. but not a few also choose to make short-term investments because they want to get a quick profit and use the profit earned for capital to get a bigger profit. It doesn't matter if you want to invest long term or short term, the most important thing is according to the skills you have. And adding to that, this kind of investors understand the value of their investment. They stand to their point that for holding the asset, the chance of maximizing the profits is really high, choosing this kind of strategy also lessens your stress. You just buy the asset you trust, then hold it till it reached the target profits that you projected, not stressful like dealing with day trading..
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judaspriest
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Activity: 1330
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C O M B O
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January 07, 2022, 01:05:50 PM |
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You have good experience in trading and investing then both are profitable but better investments in the long run than in daily trading. The risk is higher when trading every day trading is not possible to properly evaluate currencies without experience is true that it is better to hold bitcoin there is no fear of losing this currency and trading is possible to make a profit in the long run even if the knowledge is less. Long term investment benefits for investors.
most people do choose long-term investments because they are safer and do not require complicated analysis. but not a few also choose to make short-term investments because they want to get a quick profit and use the profit earned for capital to get a bigger profit. It doesn't matter if you want to invest long term or short term, the most important thing is according to the skills you have. And adding to that, this kind of investors understand the value of their investment. They stand to their point that for holding the asset, the chance of maximizing the profits is really high, choosing this kind of strategy also lessens your stress. You just buy the asset you trust, then hold it till it reached the target profits that you projected, not stressful like dealing with day trading.. Day trading does sometimes make us stressed because we have to really keep abreast of developments and price movements because if we don't do it then we will lose the moment, but after all, whether it's trading or investing, each has its risks, so indeed to make a profit we need effort and hard work
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Isallonda
Copper Member
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January 07, 2022, 05:37:25 PM |
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I saw this topic and I find all your answers very interesting watching from my standpoint (which is either a trader or an investor)
Like said its up to every individual to choose, but I think when you have the knowledge how to trade properly it can be more efficient then to HODL. Everyone who wants to go for trading can learn it, but he needs to do it right and with proper risk management. I see it on a friend of mine: He is in a known and small group where he learns to trade right. You pay monthly for it, which is definitely worth it considering the amount he makes in a month. Sure to find and get in such a good group is not easy and fast, but he trades for a living now and gets every day better in it. Another point is, that the person needs to have time for it, when you can’t watch the market it can be dangerous to your trade. The crypto market is a fast living market, so you need to watch your trades.
As the investor side I think not only BTC is a long-term investment (depends on your knowledge on the market / upcoming gems or not) you can definitely go with the common one like ETH or upcoming FTM for example. Otherwise is Hodl over long term always better. Crypto can be relatively fast living which makes it “dangerous” or “very beneficial” in short term. But setting those stuff up for more than 2 years usually ends up in way more money than a “common” investment.
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Alisha FR
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January 07, 2022, 07:01:05 PM |
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If you have the skills, you do both, by day trading and holding bitcoins for long periods of time. To me both are interesting in terms of crypto, this is inseparable from our knowledge. This ability is not only financially based, but analytical skills are also very important. I recommend holding bitcoins, but you should also do day trading.
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Oilacris
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January 07, 2022, 10:46:31 PM |
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If you have the skills, you do both, by day trading and holding bitcoins for long periods of time. To me both are interesting in terms of crypto, this is inseparable from our knowledge. This ability is not only financially based, but analytical skills are also very important. I recommend holding bitcoins, but you should also do day trading.
You could actually do both if you are really that capable but of course you do need funds too for you to invest on because this is the main requirement on dealing both things. As long you do know on what you are doing and able to handle it out on your vacant time or even going with full time then this is really an advantage but you should mind about the risk involved would be double since you are dealing with both things but once you do able to make profit on both things then that would surely give out some significant one.
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xSkylarx
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January 08, 2022, 01:11:48 PM |
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You have good experience in trading and investing then both are profitable but better investments in the long run than in daily trading. The risk is higher when trading every day trading is not possible to properly evaluate currencies without experience is true that it is better to hold bitcoin there is no fear of losing this currency and trading is possible to make a profit in the long run even if the knowledge is less. Long term investment benefits for investors.
most people do choose long-term investments because they are safer and do not require complicated analysis. but not a few also choose to make short-term investments because they want to get a quick profit and use the profit earned for capital to get a bigger profit. It doesn't matter if you want to invest long term or short term, the most important thing is according to the skills you have. And adding to that, this kind of investors understand the value of their investment. They stand to their point that for holding the asset, the chance of maximizing the profits is really high, choosing this kind of strategy also lessens your stress. You just buy the asset you trust, then hold it till it reached the target profits that you projected, not stressful like dealing with day trading.. Day trading does sometimes make us stressed because we have to really keep abreast of developments and price movements because if we don't do it then we will lose the moment, but after all, whether it's trading or investing, each has its risks, so indeed to make a profit we need effort and hard work Agree wether you are choosing between investing or trading as long as you are earning profit it is okay. It depends on the person on what is really working on him like if he earning a lot in trading but in investing a coin is not working on him then let him do trading . Choosing between those two really depends on the person as long as earning a profit it is okay
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ashleyknight (OP)
Jr. Member
Offline
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January 10, 2022, 06:42:43 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?
Brotherly, i seems that hodling a Bitcoin for long time is even better than going into trading of daily activities and function, if we hodl bitcoin and any altcoins for two and half years the profit of bitcoin will be profitable than the one of altcoins because bitcoin is having changes everyday by day. I will like to tell beginner's in cryptocurrency to buy Bitcoin and store for long time if the capital is there than buying a none legit project coin for trading However holding in the long term up to two and a half years is certainly not something that is easy for everyone, other than that in doing that patience is the key, what is clear when talking about Bitcoin there is no need to doubt it Exactly, holding is not as easy as some people believe. As a trader you can always close your position when you feel that the value is going lower than what you expected. But when the price keeps falling and you have planned on holding, it gets really difficult emotionally. You feel like quitting all the way and then when the price rises again you feel guilty.
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