i am a newbie in bitcoin, and i plan to buy bitcoin,, and will invest in bitcoin, and i want to ask everyone? if investing in bitcoin is it better short term or long term??? but in my opinion, long-term investment is better, but what do you think?
If you can buy Bitcoin in current state then I would say it must be a long term investment. Bitcoin's next halving will be in 2024, and Bitcoin is expected to reach between $100k and $200k there. However, we have seen the highest limit for Bitcoin at $69k Considering this aspect, you must make long-term investment. So those willing to invest in Bitcoin right now should buy Bitcoin and hold it for the long term.
I would not bet on this since the price of bitcoin is still very much influenced by many factors, and no one knows precisely what it will be in 2024, especially newbies, which is the author of the thread. This may turn off many. I would not consider bitcoin - as a long-term investment for beginners.