Long-term and short-term contracts, which can make you rich faster? The truth about making money in the cryptocurrency world!
In the cryptocurrency world, many people have been confused about the question of whether 'long-term contracts' or 'short-term contracts' are more profitable.
In fact, this is not a simple choice; it depends on your personal trading style and market sentiment.
Short-term contracts: Rapid profits, higher risks!
Short-term trading is a typical 'fast-paced' approach that allows you to quickly seize market fluctuations, but the risks are correspondingly magnified.
Successful short-term traders can often turn the tables quickly amid volatility, but they require a very strong market sense and technical analysis skills.
For beginners, this path is not easy; one careless move can lead to a margin call. However, once you grasp the short-term trend, you might be able to make a substantial profit in just a few days.
Long-term contracts: Steady appreciation, patience is key!
Unlike the high-risk, high-reward nature of short-term contracts, long-term contract trading resembles a 'slow bull' investment approach, focusing on long-term value growth.
With longer holding periods, market trends are relatively stable. For those who are good at analyzing macro trends and grasping industry cycles, long-term contracts are a more prudent choice.
They may not be as exciting as short-term contracts, but profit growth is more stable and sustainable.
The key to choosing: How much patience do you have?
Short-term contracts are suitable for those traders who are 'daring' and can accept severe fluctuations in the short term. In contrast, long-term contracts are more suitable for those conservative investors who are willing to hold positions for the long term and wait for market returns.
Ultimately, which is more profitable depends on whether you can make decisions at the right time and maintain patience.
If you pursue rapid returns, short-term contracts may be your choice;
If you prefer long-term stable growth, long-term contracts may be more suitable for you.
