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 is very difficult to invest short term in bitcoin and crypto just for the sake of looking for a quick profit for daily needs.
if you really want to answer your friend's question, you can give your friend an understanding of bitcoin and other cryptocurrencies which have fluctuating prices and are very difficult to expect to always make a profit. I totally understand your friend having such a question for the reason he must think it is very easy to profit from investing in crypto. so he thought instead of working in a company or opening his own business it seems that investing in crypto is more profitable and doesn't have to work hard to earn money.
so in conclusion you just need to explain to your friends that bitcoin or other crypto can't always provide profits every day to be the main job.
and give advice to your friends it's better to work in a company or open your own business for daily needs and the rest of the money from the work salary is saved in crypto or in bitcoin to get profits in the future.
What do you mean by meet daily needs?
maybe what is meant by investing in bitcoin or other crypto in the short term to get a faster profit and the profit is used for daily needs