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.
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?
Holding... you dont make money until you sell for a profit.
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? Im curious how many trades a trade does a month on average to make any decent money.
Bitcoin is a long-term investment opportunity, surely trading it would at least seem weird. The same holds for all the top coins, I think, because eventually they will become something big and so why waste time on trading instead of simply waiting for the right moment. What is good about trading is that you have monthly income out of it. However, trading is a lot harder than investing, because you have to see the dips and highs not just on hindsight. Plus, it should be at least a part-time job with hours spent on it every day. Moreover, trading can make you addicted to it, so you'll keep bringing money into the process and indulge to your emotions.