Post
Topic
Board Economics
Re: What is better - cryptocurrency trading or investing?
by
DoublerHunter
on 10/02/2022, 23:02:40 UTC
Hodling works great if you want long term one instead of short term. About trading, I don't have much knowledge and experience about it since I did not do much trading before and doing technical analysis needs a lot of time where it is one of the important things to do to predict the price. In trading, you can do it daily which in my experience you can earn profit and also loss if the price suddenly decrease but mostly profit and much faster but with higher risk of losing profit.

Since trading is not something that can be learned overnight, technical analysis and fundamentals will take time. Others will need months or years to learn trading and develop their own strategy, which will take time. Without a sound business strategy in place, it is almost impossible to make money. Yes, you can make money regardless of whether the market is good or bad. Trading while holding is not beneficial unless you are making an investment. If you hold your trade for an extended period of time without setting a target profit or stop loss, you will suffer a significant loss.
^ Both are profitable but it depends on how you will manage those stuff and all of them need capital.
Trading cryptocurrencies can be very profitable, but it does necessitate certain abilities and knowledge of which cryptocurrencies to trade in order to be successful. And for me, BTC investing and holding it for a long time will work better and is most reliable than trading because it is not always feasible to make a profit from cryptocurrency trading since the market often behaves in an unforeseen manner. In terms of BTC, just buy it and hold it for a long time. With the most profitable asset, it's not worth getting too sophisticated. However, if you truly want to know which one is better, I recommend that you try both to see which one works best.