Quote from: NicNacCoin on September 17, 2024, 06:38:15 PM

Quote from: casey15 on February 09, 2024, 11:50:23 AM

So I have been trying to wrap my head around which is a better option, day trading crypto or buying for long term keep.
While they both have their pros and cons, they both come with a form of risk and they are meant to generate profit.
The major difference between them is that day trading tend to make profit from small market volatility, while hodling make profit from the bigger change in crypto value.
Day trading involves more techniques, self discipline and rational decision making.
Which do you prefer and think is better

In fact, if you are experienced in trading, you can earn money from any trading. Here I can't earn money from trading if I am not experienced about trading if day trading and long trading. Now if I am experienced in trading then I can profit from both trading. But long trading is good for making money and waiting for less experience because a less experienced person can make money by long trading. But you can't rush trading platform, you can never make money if you rush.

To earn money through trading you must gain experience and own a decent holding so that it becomes much easier to take profit by applying any trading method. But long-term investing can be a much better decision than short-term trading.