Considering the present market situation, which one will be more benefiting whether Daily trading or holding cryptocurrency for long time? Please let me know.
I do day trading Bitcoin. But also I do trade for long-term only on altcoins. I just buy a ton of them and wait it out if they pump and I do try to separate them so that I will not lose all of them.
Anyone who is day trading at this kind of period really must either be some high level risk takers or someone who just does not understand the nature of the market. The market is highly volatile at the moment and based on the way the downward impulse is pretty fast, day trading is one of the most risky moves right now. Long term positions though can be a good moment for anyone to start buying and hold, which I prefer personally.