I appreciate your advice on futures and leverage trading. You are right, they are not for beginners and they involve a lot of risks. But I also think they have some benefits, like leverage and hedging. Leverage lets me trade more with less money, and hedging helps me protect my spot position from price drops. Of course, I always have a stop-loss and a profit target in place, and I never risk more than I can afford to lose. I respect your choice of investing in crypto for the long term, but I also enjoy the thrill and challenge of trading in the short term. To each their own, right? 😊
I like long term trading. And I still respect short-term traders like you. You have the advantage of buying several altcoins that have the potential to rise and then selling them at a certain price. This cannot be done by long-term investors because investing in many altcoins for the long term risks losing your investment funds. Because not all altcoins can last several years (
Dead Coins: Over 50% of Cryptocurrencies Have Failed). Long-term investors can only invest in certain coins that have good fundamentals.