Post
Topic
Board Economics
Re: friend I want to invest short term in bitcoin and crypto. to meet their living a
by
Doan9269
on 05/11/2022, 14:14:33 UTC
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?

Good question, being a beginner it is very important to note that starting an investment eith bitcoin is the most preferred advise you can get from this forum because it set you on a safer edge from other fraudulent source of investment that many get involved and end in disappointments, bitcoin investment is not what you can be getting a daily return on your investment each day as profits as other cryptocurrencies or centralized exchanges do promise, all you need is to invest and hold for a longer time of two or more years for you to realize a rise from the initial buying price to a new all time high value before you can then sell and realize your profit, this means you buy the dip and sell high whenever it surges, bitcoin isn't like other ponzi schemes, it's a currency and an asset you could rely on it future profitability, i would have also advise you go for trading but since you're a newbie this could be more dangerous to you because you may equally end up loosing since you don't know how to do so.