Quote from: jerry0 on September 19, 2017, 07:29:38 AM

So many people mention that holding coins is more profitable than trading. If you trade, then its possible for you to make consistent income if you buy it low and sell at high. But if you hold, then you don't make any money until you sell which could be a very long time.

The thing is aren't there coins that are more profitable to trade than hold and vice versa? For example, i believe bitcoin is a coin to hold and not trade. Because in the long run, if it keeps going up, you will profit. If you keep buying when it dips then sell when it goes up, you make money but it seems a bit more work than holding it. Do people agree or disagree? The thing is people predict it will only go up. So if it only go up, wouldn't that mean holding makes the most sense? Now let say you buy it at a dip and then sell it when it goes back to the price after the dip. Yes you make money but probably not that much because you need a lot of money to trade bitcoin if you want to make decent money.

But with altcoins... isn't buying it at dips and selling when it goes back probably a very good idea? For example let say there is a coin that is 5 dollars or so. You dont see this coin going up high in the future where it could go up like BTC or ETH. You think the coin will stay around this price but maybe go max 15 dollars and just doesn't see it going 50 or more etc. If thats the case, wouldn't these type of coins be the perfect coins to trade assuming these coin prices keep going between say 3 dollars and 12 dollars? Because many times you notice many altcoins would go to 3 dollars then go back up to 6 dollars. If you keep repeating it, wouldn't that be profitable as long as you don't sell for a loss? The thing is what about altcoins that you think in the future could go up like ETH prices. If thats the case, wouldn't those coins be great coins to hold? Now if you buy these coins at dips and then sell them when it goes back up, yes you make money. However imagine you bought 1000 coins of a coin at 3 dollars when it dip. Then it goes back to 5.50. Then you make a 2500 dollars or so etc. Now let say it dips and goes back up many times and every time you do this you make 2k or so. Thats great right? However my thinking is if you think this coin could go up to 50 or 100 dollars, wouldn't trading it be bad idea because you could have bought 1000 shares and sold it many times where if you kept all those shares you make more money and less work etc?

However i feel like trading could make you consistent money. Holding... you dont make money until you sell for a profit. Do people agree/disagree with this? I believe the coins that you should hold for profit would be BTC and maybe ETH. However, wouldn't majority of altcoins probably be best for trading if u dont see that coin ever hitting that high of a price. Like the coin would hit max 10 dollars. But most of the time be between 2-7 dollars etc? Thus buy these coins when there is a huge dip...... then hold until it goes back up to possibly close to double the price or even 50 percent of the price and then sell for profit? Because if u dont sell when price falls after you buy, you dont lose money.

However to those people that trade altcoins especially when buying it in dips, how long typically do you hold these coins to before selling it and locking in a profit? Like if a coin drops from 3 dollars to 2 dollars in a huge dip. If you buy it at 2 dollars, if it goes to 2.50 in a few days, do you just sell it? Do you just sell it if it goes to 2.50 in the same day and cash in the profit? Im curious how many trades a trade does a month on average to make any decent money. If i had to take a guess, someone probably would need to buy at least 2-3 altcoins and buy a lot of shares like 1000+ minimum each time to lock in a profit when it price goes up right? Of course you could buy a coin and it drops down and it takes weeks or even longer to go back up. So how long do you traders hold before you sell it since you are daytrading?

It seems simple to buy coins at huge dips and then sell them when prices go back. So wouldn't it make sense certain coins are great for trading. But certain coins are horrible for trading? I don't really think there are many great coins to hold besides btc and ETH etc. Does anyone here agree/disagree with this? It seems like those altcoins that cost 25 dollars and less seem to be great options to buy during huge dips... then sell it once prices go back up but issue is you dont know how long it would take. However, when was the last time a top 50 coin fell all the way down to almost nothing. Does anyone know? It seems like any coin in the top 25 that isn't btc or eth would be great to buy during dips right? And it seems like during dips, doesn't it seem you could buy any altcoin in the top 25 since when btc goes up, all other altcoins seem to follow? And when btc goes down, all altcoins seem to follow? My thinking is during dips, it doesn't seem to really matter that much which altcoin you buy because when btc goes up, almost every altcoin does the same etc.

Does anyone here say certain coins are great to daytrade since they keep going from one price range to another price range but never gets higher than that? Like if a coin drops to 2 dollars, then it almost always seem to go back to 3 dollars. Thoughts on this?

Very difficult to comment accurately on this. Obviously you do not realise profit until you sell. Timing is everything. You need an incentive to HODL your coins. Believing in the coin and the future of the crypto world in general is a great reason, but some coins are just destined to fail. The market is quite saturated with various coins with no long term prospect. As with any investment, you need to go into it knowing what you want out of it. BTC is a great long term investment because it is the standard, will always be there and is the most well known. Smaller coins are better for short term gains.