Post
Topic
Board Altcoin Discussion
Re: Day Trading or Long-term Hodl?
by
Dalmar
on 11/11/2019, 12:55:02 UTC
in my opinion holding long-term coins is also not necessarily able to profit. I think right now short term trading is suitable even though profits depend on our capital and at what price goes up

It depends on the market condition, if we have seen that the market behavior at the moment is uncertain, unpredictable, it is unlikely to do day trading, so the best thing to do is to calm at the moment and just convert fund to stable coin first, but if we are holding for long term, still for me it is good way to convert our fund first, so it won't hurt that much, it is better than panicking seeing the price is declining.
Short term or ling term trading depend which one market condition after I make investing with bitcoin and altcoin, if market support with short term trading  I will sell my altcoin and if need for waiting long term I keep hold my assets after raise with higher price later, but many people like for investing with bitcoin and altcoin in long term period.
It is more about the skills and potential of the asset that the holders hold. With bitcoin, a person can trade in any season and make good amounts of profit only if he is skilled with trading and understand bitcoin well. Long term holding is done by people who do not prefer trading but understand the worth of their asset. Day trading is occupied by people who can keep track of changing value very well.
Trading skills are as important as the management skills and the crypto traders never ignore the fundamental factors for getting the maximum profit from the crypto markets. The potential of the crypto asset depends on the market conditions and the market circumstances dominate the profit-risk ratio. Every person without any financial management background can buy the financial asset and hold it for the long term. Day trading is hard of making the same amount of BTC from the altcoins.