When using a long-term trading strategy for investing in the stock market, a person can rely on the historical data to make a decision. That’s not always the case for cryptocurrency as there is only a limited amount of data available.
Yet still, people who prefer to do long-term trading assess that data along with more recent and current activity in the market to forecast how a cryptocurrency might perform in the long-run.
The strategy could prove particularly beneficial to investing in cryptocurrencies that have been around for a few years.
Short-term trading:
Short-term trading takes the opposite approach to long-term trading. It aims to generate a return on an investment in a short period of time. Ideally, you invest, the price goes up,
I like long-term investments. Personally I am very bad at trading. I prefer to be hodler and when the price of my hodl coins reach at certain level , i will sold them.
Informative writeup.
My chip-in: Short term trader uses mainly Technical Analysis (TA) Long term traders combine both Technical analysis and Fundamental Analysis (FA)