I heard about bitcoin from my uncle and he has been talking about bitcoin since February 2022 and have been hearing how bitcoin pays and support youths. If invest in long term. And he also warned me that bitcoin is not get quick rich scheme and there are different ways one can get bitcoin. And the ones he told me were:
1) buy bitcoin and store it in the wallet for the next bull market to come. And he told me to buy it in the bear market and invest it for a long term investment for like 3_5 years period, so I am planning to invest for the long term.
2) trading is the buying and selling of bitcoin in the market at all time or anytime which gives you profit if you can trade well. But trading is more risk than investment.
3) mining is the solving of mathematical problem through computing system when someone send bitcoin to a recipient, a miner must mine the coins in the blockchain before the recipient will receive the coin.
Conclusion:
In my curiousity to know more about bitcoin, he told me to register in bitcointalk so I will learn and know more from there. So if I make any mistake in any of my writing, please correct me. I am open to correction.
I mean not so bad, welcome to the forum just continue to learn here, and for sure you're going to earn in the future as soon as you are ready with that knowledge.
For sure buying Bitcoin and storing it for years is a good strategy but this wasn't really an easy task to apply when I learned about cryptocurrency I already knew this kind of thing but It wasn't really easy to apply it, I ended up selling most of my Bitcoin the last time just because its really difficult to HODL especially if you doesnt have multiple sources of income and when the time I was just getting started in investing I usually depend on my profit on cryptocurrency.
I wouldn't really recommend it every time on the market, there are a few daily traders in the market but in my experience, it would need a lot of time and research in order to do daily trading to speculate and predict the movement in the market to possibly make a profit daily.
Goodluck on your cryptocurrency journey, continue to post here in the forum over time you're surely going to learn more and apply that to your investment, you can easily ask anything here in the forum since we have a lot of experienced members here that could help you, you could easily learn from others mistake if you do that.