a friend of mine came to me and he asked, is it possible to invest in bitcoin and crypto for the short term,? which is to meet daily needs, and I am confused to answer because I am still a beginner in bitcoin and crypto. and I want to ask everyone about it?
No, Bitcoin is not meant for short-term speculation.
With a high degree of probability, your friend will not be able to buy a cryptocurrency cheaper, but sell it more expensive.
Currently, we are seeing a bearish trend in the price movement of Bitcoin and other cryptocurrencies. In this situation, any purchases can bring a loss (instead of a profit).
Another thing is if your friend is ready for long-term investments.....
Then the present time is a very good moment to buy the first cryptocurrency.
Right, I do not agree if investment in Bitcoin is the short term, if I can get profit in the short term then I'm sure the opportunity for long -term hold is better and promising. If the short term can profit 100% then the long term can profit 1000%.