Quote from: rose8963 on August 24, 2018, 10:15:41 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 you should not invest long term, you can see that bitcoin prices are fluctuating continuously and it is hard to guess, now the market is continuing to reduce the bitcoin price is adjusting to $ 6000 level, while altcoin current At the beginning is very strong decline. So this time you should not buy and invest long term at this point.

With the market situation at the moment, I think you can still invest in long term and bitcoin, you can see that bitcoin prices are constantly adjusting and staying at over $ 6000, here Very good signal. This shows that the market is continuing to fall and will fluctuate very strongly in the coming time. So I believe that this time you should only invest long term into bitcoin.