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Having a strong strategy or plan for your investments is usually the best way to minimize risk and can multifold your chances of ending up a trade with profits. A plan works as a map to guide your crypto trading activities as well as helps you not avoid taking bad decisions. So, when you are looking to make more profits from crypto trading, read and follow these essential crypto investments strategies for a better outcome. Why do you need an investment strategy for cryptocurrencies? Investing in anything without a plan or strategy is risky. And when you are trading something as volatile as cryptocurrencies, you have to have a plan, to not only trade right but also to exit your trades at the right time. In fact, you should try and find the right crypto investing strategy even before you start looking for the best cryptocurrencies for investment. On that note, let’s talk about crypto investment strategies. All the cryptocurrency investment strategies can be loosely divided into the following two categories: . Long-term crypto investment strategy . Short-term crypto investment strategy Let’s talk about each in detail here. Long-term crypto investment strategy As the name suggests, a long-term strategy is a plan put forward with a focus on long-term results. In the crypto space, long-term investing is termed as HODLing, which refers to the act of buying and holding tokens with a long-term perspective. There are many benefits of long-term investment. First, the risk is minimized over time. Second, your assets get ample time to grow. Third, you get the benefit of compounding. Also, when investing for the long term, you do not have to dedicate a lot of time. The process is rather easy and automated. It can be done even without a lot of technical knowledge or ability. All you have to do is stay invested in good cryptocurrencies. One thing to note here is that long-term investing only works with assets that have a high potential and a real chance to grow given time. It’s therefore essential to find and invest in good cryptocurrencies if you are looking to hold your assets for a year or more. Short-term crypto investment strategy For crypto investors looking to make good profits in the short term, this type of investing strategy is the best. Short-term crypto investing is when you buy a cryptocurrency with the hope to sell it again soon (usually within a day or two) for a profit. This investment strategy is highly rewarding, but also has higher risks. For instance, your short-term trades might not always end with profits. The probability to incur losses in the short-term is always high, while in the long-term, you’ll almost always end up with profits if you are investing in a good asset. Short-term investing can be particularly beneficial in the crypto market, as the prices of cryptocurrencies change very frequently and abruptly because of their volatile nature. So, an investor might make significant returns in a very short period by investing in the right coin at the right time. Conclusion Finding the right cryptocurrency, something that you can relate to and one that you truly believe in is not easy. With so many crypto-coins out there, it can be really intimidating. You should know that Bitcoin is no longer the only cryptocurrency you can invest in. There are other, better crypto coins with a higher potential to grow while helping users in their respective communities. Libra Coin, for example, is a digital payment coin that grants access to a multidimensional blockchain e-commerce system with next-gen global payment solutions and e-commerce features. You can buy Libra Coin at https://www.xt.com/tradePro/lc_usdt Originally published at www.medium.com