Quote from: pusaka on Today at 12:03:54 PM

Quote from: OrangeII on Today at 07:54:59 AM

Quote from: Cadaver20 on May 29, 2024, 08:40:30 PM

I prefer long term trading more than day trading. Because day trading is risky. If your analysis is wrong, you will lose a lot. And if you buy top coins and hold long term during the bear market, the chances of profit are very high. But for that you need to have extra assets that you can keep long term.

Well, I also tend to trade long term rather than daily. However, the impression of daily trading is that it is too pushy and has a profit level that is not optimal. However, there are many advantages to long-term trading, such as you can hold while adding to the asset little by little, or use the DCA method. This will result in a high increase in profits when the price rises. I have proven it several times.

If we cannot accept such a big risk, then holding in the long term is an option that we can do. Because if we force ourselves to keep trading even though we are not ready for the risks, then that is not good for us.
Holding it in the long term can make us calmer, because we are only required to be patient. However, we also have to ensure that the coins we hold are coins that are truly trusted, like bitcoin for example. We also cannot choose just any coin because not all coins have good potential, for example we cannot invest in meme coins which will only exist when there is hype, when the hype disappears then the meme coins will also sink.

Holding assets for a long time is indeed the best choice rather than having to do daily trading which might leave us trapped at high prices. But when you have a lot of money that can be used as capital, it is best to divide it into two parts for long-term holding and for daily holding which can provide money to buy food or other living necessities every day.