Quote from: OrangeII on May 30, 2024, 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.

I only consider daily trading if i were to use future's leverage, I think thats the most viable way to profit, otherwise as you said, the profit wouldn't be maximal, when crypto rises, sometime it rises multiple folds breaking the records and such opportunity you won't find with just daily trading where probably you gonna cash it out when the price hitting 5% increase, but with leverage trading that 5% turned into 25% and so on, depends on the leveraged capital and how much risk you willing to take with the margin profit.
the future leverage feature proven to be helpful when i'm trying to profit from volatility but never mistaken it for easy money because the slightest sudden price correction means we are losing our highly leveraged capital.
meanwhile with long term trading its safe and sound.

I think it is a fair exchange, with long term trading you sacrifice the leisure of getting profit in fast manner while in fast paced daily trading you sacrifice the potential of the massive profit for holding it longer or in other word becoming a diamond hand which many times I think most people just fail to do this challenge.

Quote from: MRY on May 30, 2024, 11:37:20 PM

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.

Honestly if the money is abundant it might make sense to invest the money into some kind of flexible saving or some thing that gives promised APY but also give the safety, since we are just seeking in fulfilling basic needs, I think those APY of 5% are fine if our capital is big, but if we have small capital, trading is definitely the way to go.
it always comes down to being flexible based on our own capital and capabilities, i personally think many other also using the same strategy.