The first thing you are told to decide when you are going to jump into trading the bitcoin market is your attitude when it comes to investing. Do you want to make money fast? Do you think that bitcoin is the future and holding it long term is the best option? By understanding your investment period, you can find out which trading strategy is more suitable for your needs. If you're someone who thinks bitcoin could be worth millions someday, then you're probably going to stick with a long-term strategy. If you only intend to profit from bitcoin price movements, this is very suitable if you use a short-term strategy.
While this is important at the same time this is just the beginning, after all we must understand that even if we would like to become an investor or a trader that does not mean that we actually have what is necessary to become one, maybe you want to become an investor but you realize that you have great talent to trade the markets and no patience to hold for the long term, in that case it is better to become a trader instead of a long term investor as you have more chances of making money that way.
Eventually when you already into this business you'll be able to find this attitude towards the business, either way the main thing
remain the same, you are here trying your luck to earn decent compensation. Whether it's trading or investing you alone can decide.
Many failed during their short stay as they did not work well with how they should treat this field of business.