Post
Topic
Board Economics
Re: What is better - cryptocurrency trading or investing?
by
RavenTimmy
on 14/01/2022, 04:49:36 UTC
If it can be two, why should it be one, that's roughly what I want to say. I think both are the same thing, but only differ in terms of time, between short and long term. Especially when we already know the analysis in the long term, it seems not too difficult to analyze the market in a short time. Vice versa.
I personally do both very often at the same time, meaning I invest in coins that are good for the long term and make daily trades to complete the profits in very small sizes because it really helps me in reaping profits when the market is friendly.
Yes doing both between day trading and also investing in the long term I don't think it's for everyone,
they must really be able to divide or manage well,
as long as it's profitable I think we should make the most of it
Day trading and investing are very different in terms of analysis. To day trade, you depend on technical analysis but investing can only be done by fundamentally analysing all the underlying factors that are responsible for the long term future of an asset.