Andrea
Sun Oct 06 2024
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7 answers
1566
What is day trading & cryptocurrency hodling?
Could you elaborate on the concept of day trading in the cryptocurrency market and how it differs from the strategy of hodling? Day trading refers to the practice of buying and selling digital assets within the same trading day, aiming to profit from short-term price fluctuations. In contrast, hodling is a long-term investment strategy where investors hold onto their cryptocurrencies, often through periods of market volatility, with the belief that the value will increase over time. What are the advantages and disadvantages of each approach, and how do they fit into different investment goals and risk appetites?
