Post
Topic
Board Trading Discussion
Re: Holding BTC vs Day trading or short term trading.
by
ipanks
on 01/08/2018, 07:21:15 UTC
So I have been in crypto for a while now, February precisely, and regrettably I wish I had never dabbled into day trading or short term trading. I have been burnt a lot trying to play the game of trading. Often times I end up buy too high thereby becoming a bagholder, and when I finally sell, it's at a loss.
So I can't help but wish I had just held on to my BTC. Would have been grinning from ear to ear today.  #Lessonlearned
I think at this point you can completely invest in bitcoin and also trading day, the market in the past few days are fluctuating continuously and you can see that bitcoin prices are constantly rising and are uptrend in short term. Bitcoins will be able to rebound to $ 10000 in the coming days so you can buy bitcoins at the moment.
If he don't feel confident about trading in this market and his decision than what is a point of day-trading? In my opinion this is just too risky if you have never trade before.

yes, and the solution for him is just to use the long-term trading at this moment because he doesn't have any knowledge to do day trading. he needs to learn some basic rule of trading before he can start day trading so he can prevent getting lose in trading. investing in bitcoin is a good choice for him to use long-term trading/holding because this will work well for him and he doesn't need to risk his money with day trading.