newbie question whats more profitable for you trading daily(5% gains) or trade for a weeks like you hold the coin for days or weeks until it price goes up 100%-800%?
I think holding for the long term is what my choice. We all know the profits from long term holding as we experienced with the legend coin like Bitcoin and ETH. They are all time high and are not stopping at all but juts pumping like crazy now a days. Now there is no point in entering into their trades because we will not cover that much profits as one would get who held it since long time ago or may be just a year ago. :-)
Thats the strategy which work with popular coins, the coins with huge market capitalism and thus the gains are 100% for long term holding. I am sure that day trade also works for many people but that is not my choice and it really needs time to keep tracking the market for 24 hours or so. Thought here are automated trades available but we can't always rely on them. So its better I choose the long term holding.