Not everyone has money they want to keep locked away as an investment in cryptocurrencies. Many would prefer to invest with a shorter time horizon. But this requires an appetite for risk. It would involve buying and selling fast, as well as being deeply involved with how and why the value of different cryptocurrencies change.
Experts only recommend this method for people who feel confident enough to time the coin markets, knowing the fundamentals well enough to consistently buy at a lower value and sell at a higher value. Some people may even buy the same coin at different price points, using dollar cost averaging, provided they’re confident of selling enough at a profit.
As expected, this approach would mean a lot of trades being done, so the per-transaction fees and tax (GST) would need to be considered. In addition to exchange fees for depositing and withdrawing investment in cryptocurrencies, sizable gains would be subject to income tax — so the actual profits in hand may be lower than what is visible at face value.
This method does not always yield the most profits, but it is usually the one where people lose the most on their bets.
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