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To Day Trade Or To Hold/invest Bitcoin - Investment - Nairaland

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To Day Trade Or To Hold/invest Bitcoin by RedimIT: 11:17am On Mar 04, 2021
Considering the Bitcoin trend lately, is it advisable to Day trade bitcoins or hold with the hope that it keeps appreciating?[b][/b]
Re: To Day Trade Or To Hold/invest Bitcoin by malcom1X: 11:23am On Mar 04, 2021
Bitcoin is going to crash on August when the bear market starts, the time for hodling Bitcoin is over, I believe day trade will give you small profits.

There were some pump and dump back in the days I don't know if they still exist.

You can invest in real estate now if you have a large amount of Bitcoin.
Re: To Day Trade Or To Hold/invest Bitcoin by RedimIT: 12:03pm On Mar 04, 2021
So are you saying bitcoin investment right now is not a wise decision? Cause we have a lot of pro bitcoin traders advising people to buy and hold once there is the slightest dip.

malcom1X:
Bitcoin is going to crash on August when the bear market starts, the time for hodling Bitcoin is over, I believe day trade will give you small profits.

There were some pump and dump back in the days I don't know if they still exist.

You can invest in real estate now if you have a large amount of Bitcoin.
Re: To Day Trade Or To Hold/invest Bitcoin by Tenshades(m): 12:22pm On Mar 04, 2021
RedimIT:
So are you saying bitcoin investment right now is not a wise decision? Cause we have a lot of pro bitcoin traders advising people to buy and hold once there is the slightest dip.


That's his own best prediction...his own belief that holds no solid explanations and evidences.
Re: To Day Trade Or To Hold/invest Bitcoin by namedo: 5:53pm On Mar 04, 2021
You make more money from other upcoming altcoins. Bitcoin will not rise above $100,000 this year. And that's 100% increase but some altcoins rise above 2,000%
Re: To Day Trade Or To Hold/invest Bitcoin by malcom1X: 8:27pm On Mar 04, 2021
RedimIT:
So are you saying bitcoin investment right now is not a wise decision? Cause we have a lot of pro bitcoin traders advising people to buy and hold once there is the slightest dip.


The time for buying and hodling is over. I'm not a pro so don't take my word for it. But if I was you or anyone else I'll be making the transition into something else.
Re: To Day Trade Or To Hold/invest Bitcoin by RedimIT: 8:58am On Mar 09, 2021
Hmm quite interesting. Thank you for your inputs on this. It was quite insightful

namedo:
You make more money from other upcoming altcoins. Bitcoin will not rise above $100,000 this year. And that's 100% increase but some altcoins rise above 2,000%

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