Know that, if we take ETH and hold it for some time and trade, we see a good profit. But many times it happened that after buying ETH, if its price drops, we have the possibility of loss in the trade. Due to many movements in the crypto market, we should trade wisely.
Should we invest long term??
When it comes to crypto currencies, emotions are not too friendly to the system.
As a matter of fact, when trading, for new traders, FOMO is a trap that meets up with some traders, old and experienced traders do have to face this challenges too, when it is not prepared for. When the market is on a bearish move, if you are selling, it should be at the early time of the bear, so that you can easily gain profit when the bull starts again, otherwise, hold for the period until bull.
For ETH, it is most times being affected by the bull of Bitcoin, cause all traders and investors wants to get along with the bullish market and secure some profits, while altcoins like ETH face some price consolidation. At the time of Bitcoin price correction, ETH and some other coins starts making significant uptrends.
The possibility of losses in trade is either one is not experienced, left the market too early or entered the market at a wrong timing. Trading is profitable, to all coins, so long you know your way in the market.
Should we invest long term??
Investing long term is most times more profitable, than short term investors. This is because the crypto industry after a time of price correction and bear, the bull will always come. And as a long term investors, having a price mark at heart, you will wait till that price is broken or meet before selling for profit.