Close Menu
Soup.io
  • Home
  • News
  • Technology
  • Business
  • Entertainment
  • Science / Health
Facebook X (Twitter) Instagram
  • Contact Us
  • Write For Us
  • Guest Post
  • About Us
  • Terms of Service
  • Privacy Policy
Facebook X (Twitter) Instagram
Soup.io
Subscribe
  • Home
  • News
  • Technology
  • Business
  • Entertainment
  • Science / Health
Soup.io
Soup.io > News > Business > Short Term Crypto Investments
Business

Short Term Crypto Investments

Cristina MaciasBy Cristina MaciasJuly 30, 2021No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Short Term Crypto Investments
Share
Facebook Twitter LinkedIn Pinterest Email

Risk will always be a part of any investment, whether it be stocks, commodities or cryptocurrencies.

Time-wise, there are 3 different ways on how you can invest in cryptocurrency- hourly, daily and weekly. Let’s explore all of them and see the pros and cons of each.

Aggressive Short Term Trading

Believe it or not, you can already make a tidy profit within hours of buying Bitcoin or any other cryptocurrency.

This method is often referred to as day trading, and it’s used in the stock market as well. The whole goal of day trading is to earn as much money as you can by trading cryptocurrency within a given day.

Although it sounds very appealing, not everyone can take up day trading. It requires a lot of time and dedication, and you’ll have to be in front of a computer or your smartphone all day. Plus, you’ll need to focus on the task at hand because jumps in value can be fleeting and temporary.

If you’re okay with the conditions, it’s recommended that you start small and build up on your capital. The money you sink in should be expendable, which means you should still be fine even if you lost that money.

Range and Swing Trading

If you can’t be bothered with day trading then there’s another way for you to make money by trading cryptocurrency.

Both swing and range trading are good options for profiting several times a week. In order to become successful you will need to learn how to read trends and assets that have experienced both highs and lows on a regular basis.

Once you see a pattern, then the next action will be to time it right so you buy when the price is low and sell when it’s high. To accurately predict the movement you will need to complete a technical analysis or go with a site like http://the-quantum-ai.com/nl/login.

This trading strategy works well for those who work a day job and still have extra time to make money when they’re at home.

Position Trading – For Long Term

Lastly, we have position trading which is an excellent strategy for holding your assets and making a profit long term.

This isn’t as lengthy as other methods such as HODL, but you can make a profit every week or so. It works just like swing and range trading but with other indicators such as support level and resistance level.

For optimal position trading it’s wholly recommended that you keep your cryptocurrency in a cold wallet or hardware wallet to keep it from being stolen or hacked online.

The first step involves identifying a trend, then waiting for the pullback and buying the crypto as it exits the pullback. When the asset is riding up again you can sell at the resistance point and make a tidy sum of money.

All these short term trading strategies can be cycled, which means you can do them over and over as long as you have the capital and reintroduce your profits into the cryptocurrency market.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleResearch Paper about NFTs as a Curious Economic Phenomenon
Next Article Day Trading Tips to Succeed in the Crypto Market
Cristina Macias
Cristina Macias

Cristina Macias is a 25-year-old writer who enjoys reading, writing, Rubix cube, and listening to the radio. She is inspiring and smart, but can also be a bit lazy.

Related Posts

Why Used Golf Balls Are a Smart Choice for Golfers of Every Level

September 17, 2025

Discover Top AI Agents Examples That Transform Business

September 16, 2025

Why D&O Insurance Could Be the Key to Attracting Top Board Talent

September 16, 2025

Subscribe to Updates

Get the latest creative news from Soup.io

Latest Posts
Why Used Golf Balls Are a Smart Choice for Golfers of Every Level
September 17, 2025
Spenser For Hire Series On DVD: Release Date Ahead
September 17, 2025
Mobland Series Guy Ritchie: Paramount’s Renewed Faith
September 17, 2025
Exploring Adjustable Paylines in Virtual Online Games
September 17, 2025
Blowin Money Fast Starz: Tips from Blowing Money Fast
September 16, 2025
Paramount South Park Streaming Rights Lawsuit: What to Expect
September 16, 2025
Condo Amenities that Support Parents and Children
September 16, 2025
Discover Top AI Agents Examples That Transform Business
September 16, 2025
What is the Connection Point Between Social Games and Real Money Gaming?
September 16, 2025
A Christmas Store in Los Angeles Worth the Trip
September 16, 2025
Why D&O Insurance Could Be the Key to Attracting Top Board Talent
September 16, 2025
Find work-life balance as a nurse working in a tough job
September 16, 2025
Follow Us
Follow Us
Soup.io © 2025
  • Contact Us
  • Write For Us
  • Guest Post
  • About Us
  • Terms of Service
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.