But, I later switched finally to long term trade in which i buy at low price, hold, and later sell at high price. This is where I gained more than 500% of my capital this year alone. I still trade on short term bases, but the cryptocurrencies i used is 5% of what I used to trade on long term bases. I profit from both but the profit from long term can be higher but take long time
Cryptocurrency trading is not particularly different from gambling
It can even be considered a form of gambling in its own right. How so? Because cryptocurrencies are a zero-sum game mostly, which means that someone has to lose so that someone else could profit (think of it as musical chairs). And what adds insult to injury is the fact that there is something which can be loosely construed as house edge
These are the parties to the trade which never make a losing trade (exchanges, arbitrageurs, insiders, and their likes). In other words, if they ever trade they always win, and that leaves us, simple folks, with less trading chance since their profits are our losses, as simple as it gets