Long or short term investment, which is better in the crypto world?
Hello friends of this wonderful community.
Looking at what is happening right now in the world of crypto, I thought about the best way of investing in crypto that will be more profitable, short or long term?.
Gone are the days where only the long-term investors make gains in cryptocurrency investment, now the short-term investors are making lots of profit if not more than the long-term ones. we see coins nowadays which just pump at the first time it was launched and next thing it is going down to where the price continue to struggle in making it, you agree with me that this becomes a very big disadvantage for long-term investors.
We are currently in the bear market which has lasted for months although there have been some bullish sign but we are not certain yet. The long-term investors has been the patient dog right now while the short-term are making their gains why it last.
No matter how it looks like, it is still a good questions to ask because we still don't know which way is better, should we follow the short-term method as coins price are fluctuating up and down? or we should be expecting another huge bull run that will really benefit the long-term investors once again.?
The question is simply asked like this; long-term or short-term investment which is better in cryptocurrency?
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I don’t think there’s a right way for everyone, people need to find their method that works.
Myself, im a little more sloth with my investments, hoping for a slow and steady growth. Right now during bear markets is the best time to DCA and think for long term. Typically the best time to “compound”.
Bull markets present many opportunities especially for those short, quick gains. Typically the best time to “take gains”.
not financial advice the best term in crypto haha
You are right, everyone do the ones that work for them. But don't you think that compounding can still amount to loss in the future?
It would depends what you're compounding, most things will go up (if/when we have the next bull run) so for me, compounding is the smartest strategy. DCA (Daily cost average) buying, daily/weekly is one of the best strategies for this, it gives you a nice balanced out price over the duration of your buying.
I don't think it can be applied to all of the people, because there are some who are in for a short-term investment, while some others might prefer the longer-term investor. But I think what matters the most is it can give you some profit in each investment style.