I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?
Bitcoin is very good for a long term trade since every 4 yrs the value of bitcoin never stop rising. I suggest you not to stick with just one coin because there are lot of altcoins there that is also valuable to hodl for a long term like ADA, ripple and ethereum. Proper timing will give you more profit so goodluck.
As a good trader it is a good decision to invest in different currencies as a trader there are several types of cryptocurrencies such as bitcoin In recent years, interest in cryptocurrencies such as bitcoin etherium and XRP has grown with interest. Why it is not difficult to see a major development in financial technology could lead to a complete revolution in the crypto financial services industry.
That's right by investing in several coins it will be better than investing in just one coin,
things like that not only apply when investing but when trading too,
every coin has a chance to make a profit but we must be able to choose exactly which coin is really promising