Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Zed0X on February 07, 2021, 08:05:44 AM
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(https://i.ibb.co/p12q31j/INVSTRvs-Trdr.jpg)
I don't know about your strategy but if we check the numbers, it's the long-term investors who has a higher success rate compared to traders. IIRC, there was even a research that says 90% of traders ends up in a loss.
I'm not trying to discourage you to trade short term. I guess you just have to balance the right strategy for you.
- If you plan to trade, master your craft. Plan your trades, evaluate the results, and make necessary adjustment/s.
- If you plan to invest long-term, do in-depth research of what you're buying and stay updated on project developments.
You can also come up with a hybrid approach. Split your money to have funds for long-term investments and for short-term trades.
Speaking of split, your strategy could also depend on your current budget. Most people would say do not put all your eggs in one basket but you might as well do it if you only have two eggs at your disposal.
Disclaimers:
Image is obviously not mine
Posted a similar thread on another forum
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100%. And that also happens to me. If I compare the coin which I Hold and trade. The final result that will give me big profits is the coin that I'm holding. Maybe the reason because sort-term trade, it's easy to manipulate by FUD, emotion, and more. But long term investment we will enjoy it and don't care about anything
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Short trades are only suitable for someone who has a lot of free time and knowledge of reading good charts, and of course trading management too.
But unfortunately many traders prefer to play short-term, which in fact he knows he often loses rather than profits.
I always say to novice traders,
"It's better if you rarely buy but can get maximum profit, than you often buy but you get little profit".
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This is truly an educative post and also the things happening to most traders in crypto, when I was new to crypto I do loose alot to short term trades and gain more from the ones I held for a long term, back then I liked the day trade so much because I taught it could fetch me alot of income than just holding while I never had a good knowledge and experience about crypto trade, since I never knew how to analyze chart I lost alot from day trades and gain more from my long term holdings then I quit short term and day trading and resumed when I got good knowledge.
So I think long term is a very good way of making money even without much experience in Crypto, if you can't hold for long then you won't make money.
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I opened two trading accounts. On the first account, I bought ethereum and keep the position open and have a profit, and I successfully zeroed the second account since I started trading with leverage.
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So I think long term is a very good way of making money even without much experience in Crypto, if you can't hold for long then you won't make money.
That is the advantage of long-term trading, a trader does not need much experience to trade long-term, as long as buying when the market is bullish, he will make a profit.
But in some cases long-term trading includes passive investors, holding onto it for too long and eventually having to wait until the coin's price target is reached.
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This is truly an educative post and also the things happening to most traders in crypto, when I was new to crypto I do loose alot to short term trades and gain more from the ones I held for a long term, back then I liked the day trade so much because I taught it could fetch me alot of income than just holding while I never had a good knowledge and experience about crypto trade, since I never knew how to analyze chart I lost alot from day trades and gain more from my long term holdings then I quit short term and day trading and resumed when I got good knowledge.
So I think long term is a very good way of making money even without much experience in Crypto, if you can't hold for long then you won't make money.
By and large, trading for a long period is a practical investment for a short period, the only thing is that an inexperienced user can always monitor the cryptocurrency market and follow the trend, thereby getting the opportunity to sell and buy their assets on time, which are chosen for this activity. Today, when the market moves up a little, there is a great opportunity for long-term trading.
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If you choose a strong project with very high potential and hold their coins for long term and sell it in portions as price increases you will get a very high profit. This strategy is very successful. It will give you high and sure profite.
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Nice thread Zedox. You showed us the two perspectives on how a person succeed or fail.
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100% agreed with you, join the market in parts with your capital so you will have multiple entry prices which means big profits in the future and also exist from your altcoins in parts so you will make sure to exit with the most profit you could and also you dont regret if you sold and the price went up again, you will end up having a part of your altcoins as well,nice topic OP
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An excellent post, long-term investment and proper study of projects will surely lead to success! Trading is good, it brings a lot of emotions, but without proper experience, it is hard to earn here! Long-term investments will require a good deposit!
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Trading is very good when the market is in a bullish mood and every day all altcoins are rising. But as soon as the market falls, it becomes more difficult to trade and you can lose all your funds. I agree that 90% of traders suffer losses sooner or later.
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Lately found out Utopia. Looks like they are coming with uniqueness on music field, there is lack of transparency. Through the UOP, artists will be able to ask their fans and investors to crowdfund their projects. Their tokenized songs are attributed to The International Standard Recording Code (ISRC), which entails the right to collect revenue for the song, and the ability to distribute the revenue to the people who have sponsored the track. While this is easy to take for granted, the archaic structures of the institutional music industry have limited such seemingly straightforward accounting mechanisms, as evidenced by the Black Box, where billions of dollars are lost every year
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I am not a professional Trader but i agree that Long term investment is too good and profitable for Investor but for more profit need patient and also need good analyse about the following Coin.
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I am not a professional Trader but i agree that Long term investment is too good and profitable for Investor but for more profit need patient and also need good analyse about the following Coin.
Indeed, long term investment is the best option if anyone do their research well enought and get the best gem. BTW, trading will be profitable for those who can control their emotion when market is going through corrections. Also, initial capital matters a lot for both investment and trading.
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I am not a professional Trader but i agree that Long term investment is too good and profitable for Investor but for more profit need patient and also need good analyse about the following Coin.
Indeed, long term investment is the best option if anyone do their research well enought and get the best gem. BTW, trading will be profitable for those who can control their emotion when market is going through corrections. Also, initial capital matters a lot for both investment and trading.
Long-term investments are profitable not only due to the income received, but also due to the saved free time and nerves, which are very much spent during the trade. at least a long-term investment is less of a concern.
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I personally have traded and have invested, and even without this post, have come to realize categorically that investing is the best strategy to accumulating wealth in the long run, though personally, am yet to find that coin, that gem that will change my life for good forever, but am still glad that am on the right path cus I hear most of my friends who are day traders say that investors are wasting their time storing coins which if traded, can be earning them good profits everyday, they forget that not everyone is good with day trading, investing is the path I've chosen and I know God will make me a great man through it.
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Good post, appreciate you sharing this. Telling people religiously not to trade is a duty, it is the land of the wrecked. If you are going to do it, go long. Holding pays
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Long-term investments are profitable not only due to the income received, but also due to the saved free time and nerves, which are very much spent during the trade. at least a long-term investment is less of a concern.
It's true that long-term investment is better for both mind and portfolio. When correction is going on, few traders are being into panic and don't able to select what to do next, Hodl or sell off. It becomes a problem of mental health. So, it's better to go for long-term investment as there isn't any stress for doing that.
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Long-term investments are profitable not only due to the income received, but also due to the saved free time and nerves, which are very much spent during the trade. at least a long-term investment is less of a concern.
It's true that long-term investment is better for both mind and portfolio. When correction is going on, few traders are being into panic and don't able to select what to do next, Hodl or sell off. It becomes a problem of mental health. So, it's better to go for long-term investment as there isn't any stress for doing that.
The fact is that one person cannot cover the entire field of activity in the cryptocurrency market, because a person is either an investor or a trader. basically the trader makes money through day trading or on longer positions. And investore buys cryptocurrency, hoping for profit after a certain time. Even corrections in the cryptocurrency market can be a weekend for a trader and an investor at the same time, but psychologically, investments are really much easier, but it is doubly destructive to be sprayed on these two types of activities.