A trader’s experiments with two different strategies have raised questions about which one is more sensible.
On-chain data analysis platform Lookonchain shared on March 23rd that a trader tried two different investment types in Ethereum.
A trader, who has been trading frequently lately, made faulty trades for 5 days, resulting in a total loss of 1.47 million dollars.
The trader executed a total of 31 Ethereum trades, with only 9 of them being successful, accounting for 29%. Despite this, the trader made a profit of 4.23 million dollars.
The reason behind the trader’s significant profit was his decision not to sell the Ethereum he purchased last year for 1 year. The trader made a profit of 6.5 million dollars by holding onto the Ethereum for a year.
According to Lookonchain, long-term investments allow for more profit than short-term investments.
0 Comment