Post
Topic
Board Trading Discussion
Re: Day trading or Long term
by
PuertoLibre
on 31/05/2024, 10:33:42 UTC
Leverage is definitely a double-edged sword! It can amplify your profits, but if you're not careful, it can also lead to huge losses. I've seen too many people get greedy with leverage and end up losing everything. On the other hand, hodling is a slow and steady strategy. It's like planting a seed and watching it grow over time. It's wise to think about your capital and how much risk you can handle before jumping in. There's no shame in playing it safe if that's what you're comfortable with. But if you're up for a bit of adventure and can stomach the volatility, day trading can be an exciting way to try and grow your crypto holdings.

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.
Both day trading and hodling have their roles in the crypto world. For those who just starting out, I'd suggest beginning with hodling. Picking  some solid projects you believe in and let them sit for a while. Once you get the hang of things, you can dabble in day trading for a bit more excitement. Taking some profits now and then – it's always great to see  gains turn into real money. Anyways crypto is a long game. We're still in the early days of this revolution, and the growth potential is huge.