I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)
There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now
1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?
edit:
Update:
I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.
For me, I do both. Actually, in that order as well. First, when I get my coins from my other ventures such as campaigns or ICOs, I wait until it gets registered, and then, I trade it for one of the better altcoins around or Bitcoin. That way, I have more chances of trading or exchanging it for money in the future. Usually, I do that process because that's a more clear way of converting my coins into money. Also, if I would just try to gather up coins and hold it for years without any clear plan on how to encash it, then it would be a waste because the market keeps on changing day in and day out.