Are cryptocurrencies good for short term gain?
If I am solely looking for extra income within the next 1-2 years, so short term rather than long term investment, are cryptocurrencies a good thing to look into? I need something which will give me an extra sum of money within the next 1-2 years and stock options don't seem to be able to do that so I was wondering if crypto is able to give quick gains?
the increased volatility of the cryptocurrency markets can create more opportunities for traders looking to make short term gains but it's a bit more difficult in the present market than it was in 2017. If you're willing to be a more active trader and take advantage of those opportunities it can be done but the overall risk may mean that it's not worth it.