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While the common approach is to view Bitcoin solely as a long-term investment, it's worth considering an alternative perspective – that of an active trader. By delving into trading strategies, it's plausible to generate a daily income ranging from $20 to $30, provided one has a sound grasp of the market dynamics.
Yes, that is true. Because daily or weekly Bitcoin trading will definitely be profitable. But the problem is, it requires quite a large amount of capital to be able to make a profit with the amount you wrote down. Meanwhile, quite a lot of bitcoin investors only have capital under $500 in bitcoin. So achieving a profit target of $20-30 per day will definitely be very difficult, even almost impossible. So to trade Bitcoin on a short-term or daily basis, quite large capital is required. The minimum is to have $5k worth of bitcoin assets. If it is below that number, in my opinion it will be very difficult.
Additionally, I personally prefer investing in bitcoin for the long term. Because I think investing over a long period of time really saves time, for example not always monitoring market movements every day. Because what I experienced, monitoring market movements every day was very tiring and other activities became a bit disturbed.
However, perhaps some bitcoin investors who have quite large capital and do not have other activities can definitely trade bitcoin in a short time period/daily. Because if there are no other activities and you have large enough capital, you will definitely be more focused and the profits you will get will definitely be more optimal.
That is the true aim of a crypto trader in the commercial industry that we live in. As traders, our main goal is to make a profit, not to forecast an uncertain profit. That is why some people in our society continually teach and emphasize the importance of trade knowledge.
We have approaches and means to benefit in the crypto business field because of our knowledge. And Bitcoin is the major thing that is good and proved to generate extremely big profit if you store it for a long time, especially now that Bitcoin halving will begin next year, just a few months from now.