Quote from: leonair on January 19, 2023, 04:19:13 PM

Quote from: landheer on November 04, 2022, 01:02:55 AM

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?

Note the image is the Bitcoin price chart of the last 10 years. Here in 10 years the price of Bitcoin has fluctuated from only $65 to $68.7k And the current price is above $20k. In 2017, 1 Bitcoin crossed the $20k mark for the first time before falling back down to $3.5k But Bitcoin didn't stay there, then in 2021 it rose in price to $68.7k. So think for yourself that if Bitcoin can go from $65 to $68.7k in 10 years, how much can it go from $20k in the next 10 years? So definitely Bitcoin is best investment for long term.
Think- if you keep your $20k in a bank by FD then bank will give you maximum of 7% APR and if you keep it 10 years then you will get 70% return it will total of $34k amf from here income tax will be cut 10-15% you will get maximum of $32k after government vat. but if you investment $20k in bitcoin then from here you will get million of $ after 10 years If the price of Bitcoin continues to rise naturally as it has seen over the last 10 years.
Don't rush to invest after seeing my post mate. It's just a calculation looking at the charts of the past 10 years. It is possible that in the next 10 years the price of Bitcoin may fall to $100. Nothing is impossible in cryptocurrency. So before investing think about the risk first and keep it in mind

I agree with you. And you have described it very clearly. bitcoin investment must be long term to gain potential profit. it is not necessary to holding 10 years. bitcoin can do a big pump within 1-2 years. But we can't guarantee anything so if we set a time frame for 10 years then we hope to get profit. But a big problem is that we can't be patient and panic and sell our coins when the market starts to dump a bit. So long term investment is not possible for those who lack patience