Long Term approach is better in Crypto

In the Crypto market, people can have two types of approaches where one can be short-term and another will be long-term. Short-term means people buy and expect better returns on the same day or in just the next few days which can also be considered a kind of intraday trading. Some people also call it day trading. Day trading can be a good opportunity sometimes but I believe that in most cases it does not bring a bigger opportunity.

Now if we talk about the long-term approach where we buy and hold for the long. That can be a few months and can also be a few years. I have seen people making a good amount of money with a long-term approach to crypto and I never consider crypto as an easy quick rich scheme because that's not possible. I do not deny the fact that some people are lucky enough that they made a hell amount of money in just the short term but that percentage is too low and I don't think we can say it is more than one per cent.

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The reason why I like the long-term approach is because we have the holding power and even if things are not going well then also we are ready to hold for a long period till the time over goal is not met with the investment and this is one of the best part about it. The market is completely unpredictable and I do understand that it is highly volatile as well but this volatility is more of an opportunity I believe because we can make a profit in such situations. We can also buy at low prices in situations of higher volatility and this is why this is a plus point about this crypto market.

I'm a person with a long-term approach where I don't think that investing for the short term is the right and this is why on this platform itself I am building my stake for the long term. The long term is better and on my stake, I'm able to earn a reward which is called delegation reward or the curation reward depending upon the scenario but overall this reward is significant and all this is possible only with a long-term approach. People in the short term cannot avail this because it is not a day game. So what are your thoughts about the investment in Crypto and are you someone believing in long-term or short-term strategy?

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