Hello my dear Bitcoin brothers.
I would like to ask you about your experience with day/swing trading vs. long term investing and also,
what was more profitable for you and what are pros and cons for both ways of trading?
This question interests me since market is very volatile and it can get quite easy to exploit daily range for a quick small profit.
Thank you fellas.
I think the choice lies on the profit margin you are aiming to get. If you want a bigger profit, then a long term investment is better for your to choose because it would yield you more return. However, the return would not be possible without a patient attitude and accepting the fact that the investment may drag for months at a time before a great and big return would surface. On the one hand, short term investments are better for earning fair enough return, but not as big as long term investments may yield. Also, the risks for short term investments are lesser because, at least, it's more real-time in terms of showing you if your venture would give something good or not.