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?
the price of bitcoin is very volatile, (become a short-term / day trader) it is still possible for your friends to take advantage of it to make a quick profit but remember, just one wrong step can make your friend lose his money.
there is one more way. although it is risky but the income from staking can be tried even though it is very small, if your friends have a lot of bitcoins, the reward distribution can be large.
you better explain to your friend to make Bitcoin as a long-term investment, he's better off looking for outside income and investing in bitcoin for the long term.