Post
Topic
Board Bitcoin Discussion
Re: Invest in Bitcoin, for long time Holding
by
Ale88
on 26/03/2024, 20:05:54 UTC
Yes there are many types of investors who have different investment plans some invest for long term and some invest for short term. Most people invest in Bitcoin for a long period of time because if they do not invest in Bitcoin for a long period of time they cannot expect the desired results. The price of Bitcoin was $42000 a month ago and from there the price of Bitcoin has increased to $56000 today.So if someone had invested in Bitcoin back then and held onto it, he would have made a lot of profit today.
I do not have anything against holding, but I will only hold when I have a very large quantity, and then I will have in mind that I will have a large profit. That is the only way I see that I can make money from holding, and if I should invest a large amount, mine will not be short, nor will I prefer to trade for now since I don't have my desired amount to invest in Bitcoin. because I will need money to sustain myself. I know it is not every time I will make a profit, but when I trade, I will make a small amount of money.
Of course if you have a big quantity of something, it doesn't matter if it's bitcoin, stocks, cash, whatever, everything is easier. If you have, let's say, one million in one asset, and that asset in one moves up just 2%, we're talking of $20k of gain. Many people don't even own $20k in their bank accounts. If you are a whale you are playing a different game.