Quote from: Z_MBFM on June 19, 2024, 05:32:59 PM

Quote from: Cryptohygenic on June 19, 2024, 01:03:04 PM

As a beginner to this bitcoin market, I have understood that long term investing and holding is most beneficial to investors that short term holding.
But I being a beginner, I might not be affordable to hold too long because I have read about investors holding their coins for over 4 years.
Although I might be reprogrammed to long term investment in the future but I need to be practically convinced in reality based on what the market hold for Investors on long term and short terms.
As being speculated of all cryptocurrencies, they are all volatile so I am set to take my profits whenever I can and then the outcome potentials while I am Investing in this bitcoin industry would determine if I will have to hold for long. I don't think I will listen to all that advices of holding longer. We are only here to make profits and face our today's challenges and also prepares for future challenges. So I don't think that investors on the short term goals are at the wrong side because the Speculation of long term holding is excessively making it feel like short term Investors are on the wrong decision

The price of Bitcoin or other crypto coins is not stable. This is why they need to be held for a long time. They are volatile and your coin price may go down or go up after investment as you don't know which way your coin price will move after investment so you should invest with the preparation of a long term holding. Like if the price of the coin drops you can hold it until it recovers and profit or if the price of the coin goes up immediately you can profit from them very quickly. It will be better for you.

We all know that the cryptocurrency market is extremely volatile and virtually unpredictable in the short term, so most people prefer long-term investing because it minimizes risk. But there are also some people who like to take risks and are confident in their ability to analyze the market, so they will take advantage of short-term fluctuations to make profits during the day. There's nothing wrong or too bad.

It is true that it is not easy to make profits or be successful in trading but that does not mean that no one can do it, there are still a few people who have done it. So just because I can't do it doesn't mean someone else can, don't impose our thoughts on others. In my opinion, whether investing is short-term or long-term depends on each person and it doesn't matter because as long as it brings the results we expect, we are right.