Post
Topic
Board Bitcoin Discussion
Re: I am begining on a short term investment.
by
Kelward
on 20/06/2024, 15:53:04 UTC

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
Bitcoin is most suited to hodl on the long term to guarantee you ROI, if you research from the time of it's creation till now you'll understand that it has proven to be a store of value. It's an asset that has continued to increase in price since it's creation, so there's no question about it not being profitable. It's true that Bitcoin is volatile, that is the more reason why it's best to hodl it on the long term because it's history has proven that it's price will continue to increase and reach new ATH price in every bull run.

You can trade cryptocurrency on the short term and make profit or lose, also you need to understand it's fundamental and technical analysis to minimize loses because trading is hard. There are many altcoins that you can hodl on the short term to make profit but you have to DYOR to avoid scams projects.