Cryptocurrency Investment Strategies
Time Horizon: Long-Term vs. Short-Term
Long-Term
A long-term investment strategy involves holding onto your cryptocurrency for several years, believing that its value will grow significantly over time. It’s like buying a vintage car and keeping it for decades. You’re not worried about its value going up and down in the short term; you believe it will be worth much more in the future.
Short-Term
A short-term investment strategy focuses on making profits over a shorter period, such as weeks or months. This approach takes advantage of quick price movements. It’s like buying and selling seasonal items to make a profit during a specific period. You’re looking to make quick gains rather than waiting for long-term value growth.
Next