Day trading or Long term

[shawonngp]

Long term trading has always been a preferred choice for me, because I know the risks involved in day trading and how it has affected many lives who engaged in it.Day trading is something we wish to comprehend and know the strategies to use in tackling it,but if you want to make profit,the best option to me is holding it for a long term,and making sure the investment done is on a profitable and promising coin, because there are coins that will just stall without it bringing out a good result.
Therefore,holding is the best to me,and it is only long term holding I can endulge in.

well, I think, most people who are serious about trading will choose to trade in the long term. There are many advantages to this, and one of them is being able to maximize profits. Actually, day trading also has advantages, but it is very difficult to make optimal profits. However, I prefer to trade in the long term, but it all depends on the situation. Being flexible might be better.

But patient is everything in trading to make profits or losses, definitely i would like to trade in the long term, it's more safest trading and maximum profits is possible. Day trading is not for everyone, it's very risky, high pressure and high chances to make wrong trades, so a lot of stuffs you need control. In the long term trade, a big advantages is you have high chances to get enough profits to leave a project.

[Fivestar4everMVP]

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

As someone who is into making money from crypto, you must learn not to depend solely on one means or way of making money, try as much to diversify your means and strategies.

So, concerning what you are asking, I would say the two, since they don't counter each other, you can be a day trader even while a long term holder at the same time.
Buy some really good coins and keep them for the long term profit, and do day trading as a way of making money from crypto on a daily, if you become really good with trading, it's possible to make consistent profit, and you can use some of this profit to invest and strengthen your crypto investments, which also acts as your crypto portfolio.

And just to add, it's possible to make really good amount of money from trading crypto, but then, having one or more of your crypto investments of a long term pay off can be life changing, depending on the price you sold it, and the number of coins you have.

[Bitcoin_people]

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

Basically, day trading is profitable if the market is good, and if there is volatility in the market, it must also face losses. But we know both long term and day trading are risky, but I will always choose long term because it is less risky. Day trading requires a lot of patience and experience, moreover, it is never possible to make a profit, rather you have to face losses if you do not have good experience about the market. But here I think it is best to invest for long term and here risk is less and chances of profit are more I plan for long term. I also agree with you but in order to make profit a trader must have enough knowledge in day trading. But I don't think about trading constantly but plan to hold the investment for a long time and this I think will be good.

[EarnOnVictor]

day trading is profitable for people that borderline speculating with high leverage, usually with 20x - 100x leverage, a slight price movement already results in either big loss or short loss, people are usually using that to keep them from wasting too much time, but of course it requires extensive knowledge and experience for anyone to be able to profit.

if you don't leverage then you will need big capital for your trades to be actually meaningful and can give you good enough profit otherwise if you use small capital then the profit will be really small too.
it's always the higher risk the higher profit kind of thing.
so if you think the profit is too small with day trading maybe your strategy is wrong.

I don't know, I am kinda scared if such leverages, to be honest. I understand that they give you much more opportunity to make significant profit even on a small deposit, but if the price goes in the wrong direction, your position can be liquidated in a matter of seconds and this is dangerous. I personally have never traded with leverage higher than x5, so it’s hard for me to imagine how people take x100.

The x5 up to x10 leverage is actually safe, regardless of the amount of the fund that you will make a futures trade on the exchange. Just don't go as high as x20, especially if you're not sure about something like this.

But the only people who often do that are those who are in a hurry to make a lot of money in trading and are greedy for money to get huge in the scenario.

That's good advice, we should consider our risks and how we would manage them before we can be successful in trading. The issue with futures trading is that it is trading margined products and this can never be taken lightly by any trader as they must utilize leverage to be able to gain something substantial from the market. But if you have enough money, I advise that you use the low level, and if it is possible, you should use x1 so that the fee will be reduced and so is the trading risk.

This will enhance the right management as well as there must be the right risk-to-reward ratio when trading, but sadly, most traders overlook all these, their minds are centred on the money to be made, and this is certainly not good. This can only explain why some traders want to trade long-term but are using x50 leverage or more and are also taking the full risk with that high leverage. It won't be long before the whole money will be wasted. This is avoidable as our risks, management and our trading style must align for our good.

[Baki202]

But patient is everything in trading to make profits or losses, definitely i would like to trade in the long term, it's more safest trading and maximum profits is possible. Day trading is not for everyone, it's very risky, high pressure and high chances to make wrong trades, so a lot of stuffs you need control. In the long term trade, a big advantages is you have high chances to get enough profits to leave a project.

When you start crypto you have to build your foundation on patience and faith because you need all you can because if you are not patience enough then you might even want to sell at a very low price because you might be discouraged that things might not go well. And trading for a very long time is also good, and since I trade and I have idea from those that are holding and holding is safer, because you don't need to do anything the only thing you need to do is to just buy and keep but when you want to trade you can get lost money especially if you are doing futures but to me spot is even safer, you don't do to much but you see having control is important and that is why you don't get involve until you have knowledge about it, so that you can even decide which one you want to do either holding or trading.

[Krishna1942]

Day trading requires lot of discipline, money management, emotional control, proper trading plan otherwise you will  loose capital. After a loss you try to cover by another trade which lead to more losses. Long term trading with proper entry and exit gives good profit.

[shawonngp]

Day trading requires lot of discipline, money management, emotional control, proper trading plan otherwise you will  loose capital. After a loss you try to cover by another trade which lead to more losses. Long term trading with proper entry and exit gives good profit.

Exactly, day trading is too difficult to handle your money, if a day trader can not control it proper way then loss is confirm at end of the day, so it's not for beginners. Long term trade is safe to exit with good profit, and everything can easily control systematically, i recommend and i would like to trade in long term.

[Yeesha]

For most of the beginner traders, I won’t suggest for day trading since the process is quite tough and more risky. It requires a highly skilled and strategic trader so he can be profitable with his trades despite of the high risk. While it offers bigger amount of profits for those who are good in day trading, it can also be a source of instant losses for those who are not skilled enough. So day trading while performing high caution is always recommended.

However, long term hodling is always the safest option for the majority. Though the profits may still takes a longer time before it can be yours, but I would say its massive amount will bring higher satisfaction on us.

Exactly, holding is the safest way unlike a day trading, it is very risky and tough, long time holding is very beneficial to a trader because they afford a lot of profits at the end, that would be able to fulfill a lot of responsibilities, a day trading is not prohibited neither unlawful, but in term of safety precaution it is not safer than long term holding, it benefit only the expert and if care is not taken the money will be at stake.

[sulendra12]

Which do you prefer and think is better

For me personally with the real life workload, for most of the case I don't have time to do day trading where you constantly need to check the chart of your assets regularly to make sure everything is under control. With that hassle, doing long-term trading and in my case DCA is the best and comfortable strategy for me because it requires little to no effort to check and you can forget it for few years and grab more if necessary.

[Fredomago]

Which do you prefer and think is better

For me personally with the real life workload, for most of the case I don't have time to do day trading where you constantly need to check the chart of your assets regularly to make sure everything is under control. With that hassle, doing long-term trading and in my case DCA is the best and comfortable strategy for me because it requires little to no effort to check and you can forget it for few years and grab more if necessary.

Yeah right, if you don'thave time to keep engaging yourself and monitoring how the market behaves then better to use that long term investment style, just buy and set your target and leave the market, you only need to monitor once the market is on its way pumping just to check if you already reached your target and collect the earnings that you think is managable to earn.