This has been the question running through my mind since I got introduced to Cryptocurrency. Should I trade or invest?
well, the truth is Cryptocurrency is volatile which is more reason why investors buy Cryptocurrency for long-term growth potential like assets, then don’t have to worry about short-term price swings.
Whenever there is a fall in price emotional reaction can cause investors to act rashly and make decisions that result in losses on their investment.
So the best suggestion for someone like me who is new to Cryptocurrency is to forget about your Cryptocurrency but keep yourself updated each time there’s a price swing whether up or down.
I bet those who invested in currencies like bitcoin a very long time ago are now benefiting from it but the question remains, can you be patient enough.
Unlike Cryptocurrency investment, Cryptocurrency Trading, on the other hand, is a short-term approach to making a profit that involves buying digital currencies in the hope they increase so you can sell to make a profit.
Having a good trading strategy is very important because of the high volatility in the market. Traders of these cryptocurrencies have to speculate the crypto market putting into consideration the price history and other market data which might make it difficult to trade.
