Quote from: andriarto on Today at 09:48:05 AM

Quote from: LastKiss on Today at 05:48:07 AM

Quote from: ashleyknight on July 12, 2021, 06:48:21 AM

I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?

You can do both actually, it's great to have time for doing day trading because if you can get 1% profit a day and in a month you can get around 30% profit. But if you only have a little time for doing day trading it's better to hold for a long time tho because we already saw that crypto always gets their ATH in a few years. Dont forget to add more bags if you holding bitcoin as long as now it's price got a correction

Mathematically it is true that doing daily trading has a large calculation if it is accumulated in 1 month, but trading is not that easy, because sometimes we experience losses. for those who are smart, I think choosing both will be better, but for those who are not consistent in trading, I think it will be better to focus on investing, in addition to learning to trade with less capital.

In trading the risk is much greater I think than investing,
so we have to really prepare carefully before starting to trade because otherwise we will only experience losses and lose money easily for sure,
it is very important to learn more about various things about trading