There are many types of Bitcoin investors, some invest for long-term holdings, while others invest for short-term holdings. But one thing is true, those who invest in Bitcoin for short term are never able to achieve anything big. On the contrary, they face more losses.
every Bitcoin investment should be long-term. Because we have seen that even at the end of 2023 the price of bitcoin was 42k and as the year 2024 falls, the price of bitcoin has crossed 50k and currently the price of bitcoin is 52k. So now consider that those who invested in Bitcoin in 2023, when the price of Bitcoin was hovering between 26k and 27k, have already received double returns. So those who have been patiently holding Bitcoin since then have already reaped double the return on their investment.
not only long term holder trader also get the profit if he is an expert trader and If he can get success from trading every time. But there are very few lucky people who can consistently profit from trading. and at the same time it is very risky. that's why long term holding is very important and effective strategy to always stay relaxed and earn a good profit. But to hold for long term you must have separate source of income and only then it will be possible