Quote from: Ziskinberg on Today at 10:49:38 PM

Quote from: Shenzou on Today at 09:39:51 PM

Quote from: Lubang Bawah on November 02, 2021, 03:43:57 PM

It must be understood that all types of investments have risks, such as bitcoin which is a very risky type of investment, because it is too risky so I recommend investing only the money you have in hand, never dare to sell property or other assets to buy bitcoin. it's better to have a special budget to buy bitcoins on a regular basis by setting aside some of your salary to buy bitcoin.

That is true but we can all agree on the fact that long term investment in bitcoin is way safer than investing in anything else, if you asked me about investing in bitcoin three or four years ago i would be hesitating and i would recommend otherwise because back than there were no regulation for it, and it seemed like government were against it, but today we are seeing not only big multi billion dollar companies invest in it, but entire countries accepting it and making it as an accepted currency, and due to its nature and limited supply the price is always going to go up so in terms of long term investment it is safe, but the other alt currencies not so much.

Thus, we can't push or encourage people to choose long-term investments as it was too difficult for doubtful people. It is very common that these people will think about what ifthe price will dump? the market will collapse? They are not totally sure about their decision but rich people can make it. That's helped me to think that talking about the long-term will also base the status of our life. Having multiple sources of income (like rich people) could make it but if you are poor or coming from a third world country that is something rare, most come and decide on a short-term investment goal as they think this could safeguard their money.

I agree on your point. Long term investments is good enough if you are not needing immediate money as you do have other sources of income to depend on. This may be possible for rich investors but never so easy for poor ones as they always need immediate money to sustain their lives. So they prefer for short term investments.

However, either you go for long or short term investing, the risk will always be around. You have to be good in risk management, otherwise volatility will beat you and end up seeing yourself losing. I would say that even investing in bitcoin has a high risk too, but knowing it has high potentials to survive, then you still have bigger chances to make profits particularly if you go on for long term investment.