Post
Topic
Board Trading Discussion
Re: Day trade Vs HODL
by
kiloiko
on 25/07/2018, 05:15:14 UTC
For a very busy person who got a regular job, i think day trading is not easy to do. You need to have enough time to do day trading that's why i am just hodling my crypto assets and wait for a while until the cryptocurrency's price goes high.
Yeah you are right a busy person cannot trade on daily basis. For him holding is better option. If I have extra money I will invest in cryptocurrency and wait for long time. Hope it will give me profit because the price will go up with the passage of time. For free person day trading is one of the most profitable businesses in the world because no other business will give you such a huge profit.
That actually depends. What if you have bought your coin in such high price and now prices are down. You can’t just buy bitcoin at this moment and can’t just sell them either. So what is your choice at such integral and critical point? Think over it with cool mind. Things are there for you in either case of win or loss. But don’t just make yourself complicated. Think better and then decide.