A trader’s attempts with two different strategies made us think which one makes more sense.
In an on-chain data analysis shared by Lookonchain on March 23, a trader was mentioned who tried different investment types in Ethereum with two different strategies.
Lately, the trader who frequently trades made faulty trades for 5 days. This investor incurred a loss of $1.47 million in those 5 days.
The investor carried out a total of 31 Ethereum trades, and was only successful in 9 of them which corresponds to 29%. Despite this, the investor made a profit of $4.23 million.
The reason behind the investor’s high profit is recorded as not selling the Ethereum bought last year for 1 year. The trader made a profit of $6.5 million from the Ethereum held for a year.
According to Lookonchain, long-term investments allow more profit than short-term investments.
