Quote from: hyudien on November 04, 2022, 07:56:56 AM

Quote from: Bazzu on October 29, 2022, 02:17:02 AM

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?

Looking for profits in crypto especially Bitcoin in the short term in my opinion is not very effective. But maybe if your friend understands spot trading with all the good strategies, that's fine. Or trying to trade Futures? Unfortunately, everything that is targeted in the long term, especially just to satisfy needs, is not the right place because it has a higher prestige. In addition to the risk, in the end your friend will meet a deadlock and it can be a loss.

Short term trading in the crypto world is like paddling against the waves in the sea. If you are really good then you could potentially still do it, there is nothing that say its impossible, but it is also very hard to do so if you are a newbie then you are going to just get dragged along where the price is going.

However, investing long term is like sailing with the right wind, you will go wherever you want to go without ever touching a single paddle, the winds will take you there even while you are asleep and not doing anything. Some people prefer to do the harder one, no idea why but I guess they want a quicker result, but people like me prefer to work with the wind.