Quote from: denisaardelean on August 08, 2018, 10:46:28 PM

Quote from: cryptoman1ac on May 08, 2018, 05:21:20 AM

Trading is indeed difficult to do.

Long term trading may take weeks, months or even a year or so. You may call it as "long-term holding" or simply "holding".

Long-term trading is good for those who:

want to invest
has a job that requires at least 8 hours a day
want to earn extra income
non professional traders or beginners

But of course you will have to consider these things before investing:

invest money that does not limit your ability to meet other financial needs
should be willing to lose some
higher investment, more risky and higher potential of loses and/or rewards

These are the benefits of long-term trading according Anne Chapman (2015):

You are not required to find new opportunities every time. Just hold on the coins you believe has a potential. Do not bother yourself with other cryptocurrency focus on your work and family.
You have more time to plan and study the charts for analysis of trend
You only need to employ simple techniques.

   First, identify major areas of support/resistance (does a trend have room to develop?

   Second, look for chart/candlestick patterns (do they reinforce a trend continuation?)

   Finally, look for a logical and high probability point of entry and manage the trade

You will experience less stress since you do not have to monitor the charts, price, trend etc. every time.
You only have to work less. Check your coin in a month or weekly basis, etc

Thank you.

A more detailed explanation can be read here at: http://thedynamictrader.com/advantages-of-long-term-trading/[/list]

I think that at this point you can start buying bitcoin and investing in long term. You can see that the $ 6000 mark is a very strong support level, bitcoin prices are falling dramatically this time and then back up, so I believe we can start buying bitcoin at this time and keep long-term. The market is showing signs of a slight recovery after the bitcoin price falls to $ 6200, so increase the number of bitcoins you own as much as possible.

Although I am a day trading and mostly do short term trading in different currencies, but as I have invested money in bitcoin when it was trading in its peak so now I have to wait for a long time so that the bitcoin price can easily reach to its previous high price at least where I previously bought it.