I have a small cloth shop. Currently everything in my own country is very expensive, so we are facing many problems in our life. The shop I have used to sell well. But now due to the increase in price, there are not as many customers or sales as before. Again. On top of that I have to pay rent for the shop which has become a bit difficult for me. After entering this platform I got to know Bitcoin. Then after browsing many places I realized that I can earn money by investing in Bitcoin. So I want to invest in Bitcoin. So I have my weekly I decided to invest in bitcoin from a profit share. I think I made the right decision. I hope that I can use my bitcoin profit for other purposes. Hope you guys can help me with good advice.
If you are aware and ready to fully acknowledge the risks due to being unpredictable and prone to market volatility, then I guess it's ideal for long-term investment.
It's like you are doing DCA (dollar-cost averaging) with Bitcoin by committing a portion of your clothing store's profit every week. As long you can afford to lose that amount weekly, then you have no problem with it even if the price is going down.
BTC and ETH are good for long-term while the rest of the altcoins are only good for short and mid-term.