Is crypto for long term investing?

[itsherlossNVM]

I’m just trying to make 1k for personal reasons but people on Reddit make it seem like day trading crypto is the most difficult thing in the world, how true is this?

 

[Lokki]

If you want long term buy stocks. Call up your local bank and ask them if they have an expert that could help you invest your money.

 

[itsherlossNVM]

If you want long term buy stocks. Call up your local bank and ask them if they have an expert that could help you invest your money.

Nah I just want to make a little bit of money in the short term, mostly through day trading.

 

[piec]

people on Reddit make it seem like day trading crypto is the most difficult thing in the world

if you are braindamaged even pouring water into a cup can be challenging

Nah I just want to make a little bit of money in the short term, mostly through day trading.

if you never invested, you will only lose day trading at first

 

[itsherlossNVM]

if you are braindamaged even pouring water into a cup can be challenging

if you never invested, you will only lose day trading at first

Any sites you would recommend where I could learn a more about trading? All these YouTube videos are filled with nothing but bots and trash yters.

 

[piec]

Any sites you would recommend where I could learn a more about trading? All these YouTube videos are filled with nothing but bots and trash yters.

what do you want to trade? anyhow i recommend you just practice yourself

 

[2marc1]

I’m just trying to make 1k for personal reasons but people on Reddit make it seem like day trading crypto is the most difficult thing in the world, how true is this?

trading is not really made for the poor, and for past experiences trading cryptos is the worst day trading you could do, ill recommend you starting trading with some stocks with new trading or shit called like that. You could snipe memecoins too its not that difficult you just need some experience

 

[IngrownDicktipmaxx]

I’m just trying to make 1k for personal reasons but people on Reddit make it seem like day trading crypto is the most difficult thing in the world, how true is this?

Day trading isnt hard at all when you learn to do analysis and control your emotions and use strict risk management. i personally trade cryptos on multiple funded account so i really don’t have much to lose.

 

[itsherlossNVM]

what do you want to trade? anyhow i recommend you just practice yourself

Just the regular cryptos btc eth ect. Nothing too fancy.

 

[piec]

Just the regular cryptos btc eth ect. Nothing too fancy.

just study the chart and practice yourself with little sums until you are profitable

 

[itsherlossNVM]

trading is not really made for the poor, and for past experiences trading cryptos is the worst day trading you could do, ill recommend you starting trading with some stocks with new trading or shit called like that. You could snipe memecoins too its not that difficult you just need some experience

Got it.

 

[itsherlossNVM]

Day trading isnt hard at all when you learn to do analysis and control your emotions and use strict risk management. i personally trade cryptos on multiple funded account so i really don’t have much to lose.

yea risk management dosent really apply too much to me and my 15$ .

 

[IngrownDicktipmaxx]

yea risk management dosent really apply too much to me and my 15$ .

just use leverage and gamble at that point

 

[chudlite]

I’m just trying to make 1k for personal reasons but people on Reddit make it seem like day trading crypto is the most difficult thing in the world, how true is this?

not true me and several other users daytrade crypto and are profitable

 

[2marc1]

not true me and several other users daytrade crypto and are profitable

after blowing 10 accounts maybe jfl

 

[chudlite]

after blowing 10 accounts maybe jfl

literally a bull market you have to be a retard to not profit right now

 

[eduardkoopman]

I’m just trying to make 1k for personal reasons but people on Reddit make it seem like day trading crypto is the most difficult thing in the world, how true is this?

they are correct. daytrading = losing money and time/

BTC is best and most afe-sih for longterm

 

[eduardkoopman]

not true me and several other users daytrade crypto and are profitable

even if you are profitable enough.
it's stil a wrong statement. Daytrading SUCKS

 

[DeadmansWonderland]

they are correct. daytrading = losing money and time/

BTC is best and most afe-sih for longterm

You think just hold and only invest when BTC crashes? Like right now for example would be a terrible time to get into the market. (Sadly I am not in as I only just started getting an income)

Other crypto you just want to short? For example, right now, since the market is bull? I assume this is the case, which I see as annoying and like you suggest, losing money and time. Rather than just throwing it into etfs or stonks.

 

[poloralf]

I’m just trying to make 1k for personal reasons but people on Reddit make it seem like day trading crypto is the most difficult thing in the world, how true is this?

yes day trading you'll get rekt, if you stick to big exchanges you should be good and make 5x or so holding for the next few months but you need to sell then otherwise you're fucked.

 

[itsherlossNVM]

yes day trading you'll get rekt, if you stick to big exchanges you should be good and make 5x or so holding for the next few months but you need to sell then otherwise you're fucked.

Would it be better to hold for a year due to tax implications?

 

[poloralf]

Would it be better to hold for a year due to tax implications?

fuck no kek, you can hold the profits in usdt if you want though