Cryptocurrency investments can be categorized into long-term and short-term strategies. Long-term investors, also known as “HODLers,” believe in the long-term potential of specific cryptocurrencies and aim to hold onto them for an extended period, regardless of short-term market fluctuations.
Short-term traders, on the other hand, take advantage of price volatility by buying and selling cryptocurrencies within shorter timeframes.
Understanding your risk tolerance and investment goals will help you choose the strategy that aligns with your objectives.