@serendipity
a year ago

What's better? Day trading or long term investment in cryptocurrency?

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Not for the vast majority of people as your gains get chewed up in brokerage and spread. I know people that have claimed to have been day trading successfully but all gave it up in the end as it's so damn boring, sitting in a room staring at a screen. FWIW, the people I know that had, or at least claimed, some success were mostly momentum trading: buying stocks that were going up and selling those that were going down. They also weren't using huge amounts of leverage as while leverage will juice returns they add a whole lot of risk to what is already a pretty risky proposition. Good luck if you decide to do it; day trading wouldn't be for me though.
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Both are good I must say. Whether long term investment or day trading. In fact, i do both. However, if you really know how to trade daily especially what to buy and what to sell, I can assure you, you will make more than what you stake for long term investment. It depends on you. what's good for you and how well you can do it?
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I believe that the daily trade is better. If you don't invest too much you can't make long term invest in this unstable market conditions.
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Both are good if you follow Technical Analysis
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Daytrading, you can make gains even in semi-sideways markets.
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Long term investment always has good returns
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Swing trading your long term investment is the best idea IMO Hit the weekly Stoch RSI and your a winner every time.
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Depends what you invest in and how good of a day trader you are.
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Cryptocurrencies are not available for trade on most of the stock exchanges across the globe. Wherever they are, intraday trading promises for higher returns but risks are also too high. However, long term investment doesn't gives same returns as intraday trading but also carries very less risk. Moreover, over long term, value of cryptocurrency shall shoot up as and when various governments allow their trading on share markets and when they get accepted more globally.
And the probability for this acceptance is really high.
So, I would suggest someone to focus on long term investment .
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Depends yours
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