long term or short term crypto investment which is better?

Kingsley

Valued Contributor
Investing in cryptocurrency is a very lucrative business but the question is whether to prefer long term investment or short term investment. So I would say that long term investment is much better because those who bought Bitcoin in 2011/12 are now billionaires earning billions. Crypto Currency keeps rising in long term investments and trade when the time is right.

Although If I do decide to start investing in crypto, I would prefer short term investment. I will be taking advantage of daily or weekly changes on price of Altcoins. I definitely don't have the patience for long-term investment especially for crypto assets. It's a volatile investment, one which you probably won't have time to keep an eye on for long.

What's your take in the topic?
 

sincerem

VIP Contributor
You can't get any satisfying replies on this kind of topic, cos as a trader you enter the market based on your preference. Both long term or short term trading formalities, they look good it depends how you want it. Those who invest long term doesn't face high risk trading short term, they trade hoping for that coin's long time success.
 
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Wisdom01

Valued Contributor
It depends on your plan to trade many have invested on a short period and they still earn some amount of money ,while some still invest on a long term basis and still find it easy to earn ,do you proper learning of them market and know how and when to trade to earn and some amount of money off trading ,this are major key issues you need to focus more on before trading
 
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btaliat

VIP Contributor
I may be wrong but I know of only two ways of making money on cryptocurrencies. It is either by trading which to me involves short term investment because you can decide to make money any day you feel like trading and as well we have the long term investment which include keeping of coins for some time. When it is high, then it will now be sold.
 
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Good-Guy

Valued Contributor
I think short term crypto trading might be better option because you tend to gain profits quickly. However, you must have good crypto trading skills in order to earn money from crypto trading. Long-term crypto trading is riskier because of volatile nature of crypto and constant price fluctuations.
 
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funmi

Verified member
As for me, I prefer long term trading of cryptocurrency. At times people loss a lot while trading short term. Long term trading will make you to panic less and worry less about the what ever what is happening on the platform. You will just keep your mind at the time or period you have fixed to withdraw.
 
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Sotherefore

VIP Contributor
If you are investing in cryptocurrency for short term you may not be able to enjoy the full potential profit of that investment, if you are thinking of enjoying a reasonable profit with cryptocurrency you should consider it for long time because that is when the coin will yield a desired profit.
 
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