I am more like an investor than a trader, but you are right, I think it's my personality, I just don't stress myself a lot about the market, especially when I know that the stuff I invested in are solid.
I don't just put money in stuff based on rumors, I need solid proof before I invest in something, I think this is where the success is. And the variance in the price is just noise, you just have to sit through and not stress your life about it.
Well said. I'm slowly becoming an investor, while I trade on the side. An investor has a different mindset than a trader, one can argue which side is better, depends on how much of loss each investor/trader can stomach. Cheers
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think in the crypto world there is no difference, an investor invests based on valuation and usually holds and plans longterm, a trader usually invests reactionarily based on news and recent events to gauge the price.
Well you can't short in most exchanges here, and even if you could I would not go into margin trading, it has too many risks by itself. The crashes here are very soft, and you have to be a big cowboy to short a bullish market overall.
So a trader here basically just buys at dips and sells at the top, while an investor just buys and holds. So a trader is hunting the variance in the price, an investor the longer trend.
But it's all in the same context since it's an overall bullish market, both profit from rising prices.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit