Topic: Short-term trading vs long-term crypto trading (Read 69 times)
For me the strategy is simple i am in for long run in the coins that i trust the most or have more confidence like btc, eth, xrp, ltc etc while short term trading is good for new coins or high risk category.
In the fast-moving world of cryptocurrency, savvier investors come prepared with a strategy tailored to their specific goals to take advantage of market volatility.
Factors to consider before diving headlong into the crypto pool include identifying:
* which currencies fit one’s trading profile
* how investments will be funded, and
*how much groundwork will be put to better anticipate market swings
Long-term trading, for instance, deals in speculation that a cryptocurrency will grow in value over a longer period of time. It’s ideal for a lay trader or those wishing to take a more passive role in their long-term investment, banking on currencies which appear most promising.
For those with shorter trajectories, riskier speculation could pay dividends as investors play on the violent ebbs and flows of the market to earn big on more immediate returns—or just as quickly lose.
Whichever strategy hopeful investors employ, it’s essential to understand what role cryptocurrencies will command in one’s portfolio. Study up on market indicators to inform predictions, but foremost, be prepared to make amendments to the plan midstream to minimize losses and capitalize on opportunities. Check out our tips on how to become a crypto trading guru, and also how to choose which cryptocurrency to invest in!
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