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?
It's possible for that but I'm not sure if it can meet your daily needs because that means you should be able to make a profit every day. And that's not investing because as far as I know, investing requires a time where the money we use to invest is not used for other things.
But if your friend wants to fulfill his daily needs, it is not investing but trading and it is possible to make a profit every day. You better suggest that he should learn about trading before starting to trade because it's not as easy as we imagine.