Day trading or Long term

[Litzki1990]

Even if we start trading for the purpose of day trading, many times we have to wait for a good amount of profit. If we take the trade at the right time there is a chance of profit but if we take the trade at some time the market will go in the opposite direction of our idea due to which then we have money loss instead of profit and then we cannot sell the trade at a loss. If trading is done for long term then we can consider it as investment but trading is usually not done for long term. The way I trade is that I have a certain amount target each day and I am satisfied if I meet that amount each day. Maybe sometimes I make a mistake in trading due to which the money is lost for a while but when the market recovers and makes some profit, I sell my coins.

If a small amount of profit can be made consistently every day, it is better than waiting for a long time. But the business that is done for the purpose of small profit has some risk and needs to understand the market well enough and always be active.

I think trying to make steady little profits every day sounds good in theory, but in reality pulling that off regularly is crazy hard.  Markets bounce all over the place naturally, and if you try too hard for the daily wins, it's easy to end up overdoing the trades and making choices too fast without thinking them through enough which jus raises your risk and could totally cancel out any profits you were able to scrap together.  Honestly, keeping the focus on longer term trends and basics might work better over time. 

And when you talk about just waiting for the market to eventually earn back what you lost, that makes me think you've got more of a buy and hold mindset rather than being an active day trader type.

Even if our plan is to earn a certain amount of money every day, we cannot work as per our plan. Some days the market may go up and down as we expect due to which we can take multiple trades in one day but some days the market goes down unexpectedly due to which we have to wait more than a week for the market to recover. A trader may not be successful with this strategy of taking one trade each day and then succeeding in one trade and not taking any more trades. For those who are very experienced traders, it may be more than enough to complete one trade every day, but it also happens that they trade for a day and wait for the market to recover for some time.

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[Peanutswar]

So I have been trying to wrap my head around which is a better option, day trading crypto or buying for long term keep.
While they both have their pros and cons, they both come with a form of risk and they are meant to generate profit.

In day trading you can make a trade within a week, months or more so you don't need to watch the market every time, in long term trading you just need to hold your asset if you get satisfied with the profit you've got you can pull it out also you don't need to worry too much with the market volatility because your goal is to buy low and sell high. Also, it depends on your availability to make a trade, if you have more time you can make a daily trading but if not and just want to have a small portion investment every market dip go for a long term.

[Finestream]

Some may find day trading as more of a get rich quick since they can easily make profits out from a day or two, although it’s more risky but those profits are always worth the risk. But I suggest if you are still working on your trading skill and strategies, don’t jump into day trading but prefer to start with long term trading first. Day trading requires more experience and expertise in the market, that’s why newbies or beginner traders should stay away from day trading.

However, long term hodling on one side is still profitable like trading. But this will only be possible if you are hodling the right coins worth investing, otherwise your time and effort might go into waste if you end up hodling the wrong coins.

[benalexis12]

So I have been trying to wrap my head around which is a better option, day trading crypto or buying for long term keep.
While they both have their pros and cons, they both come with a form of risk and they are meant to generate profit.
The major difference between them is that day trading tend to make profit from small market volatility, while hodling make profit from the bigger change in crypto value.
  Day trading involves more techniques, self discipline and rational decision making.
Which do you prefer and think is better

If you are not a rich person and you don't have any other source of income and you don't have any other job or any other source of income, you can do day trading, which of course requires you to have a broad understanding of trading.

But if you have businesses, not just one, you can invest in Bitcoin long-term; just wait for the right time to sell it, knowing that you will have a big profit in the end.

[tygeade]

Seeing any above the other is just about preference, what you stand for will determine which you are going to see as better than the other, but in the actual sense none is better than the other they are both good depending on what you intended to achieve from any, for those who has got a day job which literary takes almost all their time, they will not comfortably be day traders due to the fact that they wouldn't have enough time to stay on the chart but for those who do not have a day job, they can stay on the chart all day trading and WI will be able to make profit. But both of them can still stay profitable as traders regardless of their trading time.

Both day trading and hodling are profitable but it's safer hodling than it is trading and it's also profitable hodling especially when you have got a good capital with which you are holding so which ever suits your preference becomes your best option.

Safer to hold and that is why we likely hold way more than we trade. If you compare the time we hold, like even days we do not trade, you will see that majority of the crypto market just holds, and only a bit of them trades and even thy do not trade all the time. We should consider that as the most important part. I get that it may not feel like a big deal right now, but that is still a big deal and should not be important.

I believe that crypto is something you should be holding, not trade all the time. I am not against trading at all, that is not what I am trying to say here, of course you could trade, I am just saying do not risk it all that much, be careful what you are doing in order to get more out of crypto as well.

[Inwestour]

Safer to hold and that is why we likely hold way more than we trade. If you compare the time we hold, like even days we do not trade, you will see that majority of the crypto market just holds, and only a bit of them trades and even thy do not trade all the time. We should consider that as the most important part. I get that it may not feel like a big deal right now, but that is still a big deal and should not be important.

I believe that crypto is something you should be holding, not trade all the time. I am not against trading at all, that is not what I am trying to say here, of course you could trade, I am just saying do not risk it all that much, be careful what you are doing in order to get more out of crypto as well.

There are very few truly good traders, and I think that statistics tell us the truth that only a small percentage of traders, maybe about 3-5%, trade with profit, and the majority lose money.

But here it is worth clarifying that this most likely applies specifically to daily trading and possibly medium-term trading, because long-term trading has its advantages of making relatively fewer mistakes, and therefore the statistics will be better. I also notice a trend that more experienced traders are moving towards long-term trading, perhaps experience contributes to this decision.

[Emarie]

It is safer to hold that trade for long depending on your analysis. If you're bullish on the long term make sure you have a margin that can keep you in the market even if the trade is going against you in the short term

[fullhdpixel]

Be it day trading or long term hodling, the risks involved will always be there but it differs on how you manage and overcome those risks, even if we say that day trading is more risky than long term hodling itself. However, if you are highly capable to day trade because of your varied experience, then there’s no problem with that and you will less likely to lose but more on making on profits. But never underestimate hodling as well because the promising profits are also big and huge, but your patience will certainly be put at risk.

The amount of risk depends on the assets you are trading or holding, and that depends on your knowledge of the market and certain cryptocurrencies. When you are buying assets that you will hold for the long term, you need to make sure that the assets are the most trusted ones in the market so that you don't face issues in the middle of your planned holding period if that happens, you will most likely lose money because you will have to sell your assets.

And when you are day trading, you are free to trade any cryptocurrency of your choice considering you know the risks involved and have a clear idea of when you need to buy and when you need to sell it so that you don't incur any losses and manage to get some profit from every trade you make, though it's difficult to get profit from every trade, one can still try to be as efficient as possible.

[Dailyscript]

Since you are aware of the pros and cons, you should choose which suits your capacity. If you know your level of income is enough for you to risk some good amount of money, then you can start day trading because i know that if you want to start day trading, there is a level of financial comfort you should have reached so that you won't run out of cash and also that you should have experience in trading.

It is not like investing for the long term, where you buy and hold; you have to learn how to trade, watch the price movement. market chart, and so on. It takes a lot of discipline and determination to day trade, which is why i won't give myself such burdens; instead, i just buy and hold.

[adpinbr]

Yes, it is an open market for people that want to do a day-to-day trading, but that is a lot of things involved on day to day trading the risk of losing your capital or your trade is high because you are entering the market at any time. Your coin is not stable. Actually, it is good to go into the trading but for me I don’t really see much fun on daytrading I just buy hood because of my experience I have also listened to a lot of advice on Trading and the kind of coin to buy but I end up losing a lot.

[Bushdark]

It is safer to hold that trade for long depending on your analysis. If you're bullish on the long term make sure you have a margin that can keep you in the market even if the trade is going against you in the short term

There is no way we could hold trade for a longer time if we are not an institutional trader.
You need to understand that you will need to be paying fee when trading depending on how long you have been in the market.
If you don't have the kind of capital that could sustain you trade for a longer time, it would be an advise for us to go for trades we can make profits easily and not stress ourselves for weeks holding trades.

[bayu7adi]

In fact, I looked at this question before, and in retrospect, I personally prefer long term holding. This seems to be said to be an investment by some people, but what I do is just like saving in assets that I like and in this context they are usually assets with a high cap.

The main difference between short term trading and long term trading is emotional control, where each long term holder usually does not involve emotions because of daily candle movements alone, but their vision is more long term.

The task is indeed easier, but the potential profit in % may take longer to get a high ROI. And most importantly, the risk is not as big as that of daily traders.

[Hypnosis00]

Asking which is better day trading or investing? Well, that depends on your capacity and risk appetite. The most important is we need to assess ourselves and what we think suits us because it is not just we are talking about how much we possibly earn but we are talking about which one is ideal for us.

I can choose trading if I know myself I can do well or choose to just invest because there is less risk and no pressure. Or we can take them both. But why I suggest investing over trading because it is the simplest thing to do. Just Buy and Hold it for a few years, we can already earn money. But in trading, we need to exert effort in dealing with the day-to-day market volatility and also carefully analyze the situation before placing an order. That is a lot of hard work and patience.

[Oneandpure]

Daily trading we can earn profit every day or short term trade and potential to earn up to few percent every entry without holding for long term, but daily trading can't reach up until hundred percentage of profitable difference with long term trading.
But in long term trading need more patience waiting the coins or bitcoin up drastically and take longer time with more long term holding has chance to earn bigger profitable.
Depend with your financial condition if stable and have passive income in other side you can make cryptocurrency for long term trading, seems difficult without have side or main job to make bitcoin or altcoin investment become long term trading without earn any income yet in daily day difference for investors they have main job and side income.

[boyptc]

Best is to wait and do nothing.

I've been on this game for long time and I can say that I am definitely one of the long term investors out there that have been monitoring the markets as much as I can.

Not giving a lot of effort but when it comes to investing, that's where I am putting my all when I am confident that it's the best time to buy.

[shawonngp]

I am trading in day trading and long term trading, i would like to day trading with meme coins because those coins pumping and also dumping in every day, now hype coins are going crazy and i am holding shiba inu,pepe and floki and i sold a few times with profits. Long term trading is BTC,ETH and some other alt coins. I did both of trading.

[xandriel]

It depends on what coin you hold. Only hold the top 10 coins for the long term. Even if they are in the top 10, they can still become dead coins at any time. For meme coins, most of them are not suitable for long-term holding. 

[BD Technical]

If you want to date during the day you have to do binary trading with very little profit or risk.  In that case if you do binary training you must be skillful and you must have idea without idea or without your basics you can't profit from trading in life.  Also now everyone is into trading because everyone is seeing price rise in pir coin because everyone is buying and keeping in bitcoin buying and keeping bitcoin will bring good profit in your future or your dividend.  But bro, I suggest you do long term test because the risk is less if you have a fever, but if you are on a diet, your loss is a little more.  But if you have a lot of profit in bhaginai trading, I understand that you will be profitable, your profit will increase but your loss and probability should be understood at 80%.

[boty]

Best is to wait and do nothing.

I've been on this game for long time and I can say that I am definitely one of the long term investors out there that have been monitoring the markets as much as I can.

Not giving a lot of effort but when it comes to investing, that's where I am putting my all when I am confident that it's the best time to buy.

Choosing to be a long-term investor will certainly mean that we don't have too much risk from holding the number of coins that we own and we can buy and hold for the period of time we want to be able to make a profit from holding a coin and if we know it well the right time to buy and sell, of course we will be able to easily make a profit from holding the number of coins we want and we have to be patient in holding and don't let ourselves be tempted by the market situation which is rising while we still believe there will still be another increase

[God bless u]

Yes, it is an open market for people that want to do a day-to-day trading, but that is a lot of things involved on day to day trading the risk of losing your capital or your trade is high because you are entering the market at any time. Your coin is not stable. Actually, it is good to go into the trading but for me I don’t really see much fun on daytrading I just buy hood because of my experience I have also listened to a lot of advice on Trading and the kind of coin to buy but I end up losing a lot.

It is only fun when you are getting profit from your trades even if it isn't the case for each trade but most of them. One doesn't need to have perfect consistency because that isn't possible, even the experts in the market would have failed trades because it is a volatile market and you can never perfectly predict the future outcomes of certain cryptocurrencies.

So, if someone wants to start day trading, they need to gain enough knowledge before they get into it so that their experience stays fun throughout the journey and as I said, that is only possible if one is profitable in their trading activities despite their losing trades.