You are viewing a single comment's thread from:

RE: Long or short term investment, which is better in the crypto world?

in Cent2 years ago

I don’t think there’s a right way for everyone, people need to find their method that works.

Myself, im a little more sloth with my investments, hoping for a slow and steady growth. Right now during bear markets is the best time to DCA and think for long term. Typically the best time to “compound”.

Bull markets present many opportunities especially for those short, quick gains. Typically the best time to “take gains”.

not financial advice the best term in crypto haha

Sort:  

You are right, everyone do the ones that work for them. But don't you think that compounding can still amount to loss in the future?

It would depends what you're compounding, most things will go up (if/when we have the next bull run) so for me, compounding is the smartest strategy. DCA (Daily cost average) buying, daily/weekly is one of the best strategies for this, it gives you a nice balanced out price over the duration of your buying.