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?
This depends and this kind of principle should be applied in all kinds of investments.
Be wary that investing into cryptocurrencies are risks that must be controlled and taken advantage off. Given that they are volatile in nature, you can either accumulate tons of profit short/long-term depending on the market price. But if there is one thing that must be taken into consideration, you should definitely consider short-term investment or as soon as you see your initial investment profit. If there is one thing that I learned from BTC, that is to never be greedy!
Risk is the most important thing to pay attention to. short-term or long term depending on how you can take advantage of every opportunity properly. Crypto has high volatility and this is its main risk, fast price fluctuations can be used for short-term trading and for the long term it may be possible to target a predetermined price. Greed is a trait that will be detrimental to any investment, as long as greed cannot be controlled, there will be no profit to be had.