The difference between "investment" and "speculation" in cryptocurrency ๐๐ธ
Many beginners confuse the two, but the difference is fundamental:
Investment (HODL): is the belief in the currency project for the long term (years), and not being affected by daily market fluctuations.
Speculation (Trading): is taking advantage of rapid price movements to achieve daily or weekly profit, and requires a high level of skill in technical analysis. Which team are you on? "Patient Investor" or "Quick Speculator"? Share with us in the comments! ๐ #Binance #Crypto #Investing
Many beginners confuse the two, but the difference is fundamental:
Investment (HODL): is the belief in the currency project for the long term (years), and not being affected by daily market fluctuations.
Speculation (Trading): is taking advantage of rapid price movements to achieve daily or weekly profit, and requires a high level of skill in technical analysis. Which team are you on? "Patient Investor" or "Quick Speculator"? Share with us in the comments! ๐ #Binance #Crypto #Investing