When it comes to the investment, many newcomers or people with frequent requirement find it difficult to invest for longer amount of time. Here by short investment i mean any investment which is less than year old. That investment has been cashed out within a year. And by long term investment I mean investment which will be kept for more than year ( ideally 10 years or so).
What do you think which is more beneficial short term investment or long term investment
In my opinion, it is better to have both short and long term investments for you to be flexible in trading.
In short-term investment, you really need to get yourself always updated about the current news about Bitcoin or altcoins because you are awaiting for the price to pump up and then sell. Applicable strategy is to wait for the lower price to buy then sell once you are satisfied with your earnings.
In long-term investment, you can invest anytime you want to, since your strategy should buy coins and then hold until you reached the desired income. You need to know what are the stable coins like Bitcoin, Ethereum, Dash, etc., for you to be secured about the stability of such top coins.
Moreover, just try to consider both coins for you to experience both strategies to become a good trader someday and be resilient about the future.