How long have you been involved with digital currencies? Do you know how to get the best profit out of this brand-new business world? How not be hit by the flood of competitors occasionally!?
If you are a beginner and you are confused with all these subjects and people’s suggestions on whether hold a coin or trade it, this article is for you. . .
To enter this very exciting wide world of crypto, your doubts and uncertainties are required to be reduced to the least.
You may ask how,
For beginners, investing is by far the easiest and safest option. Investors are usually thinking in terms of years, so short-term price changes aren’t that important. A decision to invest is based more on the fundamentals of a coin which means how solid is the project and how likely it is to succeed in the long run.
Trading aims to make short or medium-term gains through regular buying and selling. Becoming a good trader takes a lot of time and practice. A trader needs to develop more complex strategies, dedicate more time to analyzing markets and trading platforms, and handle more risk. They also need to consider the money spent on trading and transaction fees.
To summarize all the said things above, some prefer to invest and not worry about short-term fluctuations. Others prefer to trade often in an attempt to maximize profits. Some even do both at the same time. It all depends on your strategy, profile, and risk tolerance.
Again, the decision is yours, but you should never invest or trade with funds that you cannot afford to lose!