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

As a beginner there's no harm in holding Bitcoin though , the Reason why most time newbies are literally advise to go into long-term holding is because is more easier to minimise your losesse when you are holding than when you are trading with your Bitcoin for short-term profits (short-term investments) , as long is bitcoin the chances of you selling in loss on long-term holding is low compared to short-term, but still you can still do what is beat for you but I still advice you have some portion of Bitcoin that you are holding for long-term while you trade , expecially at this time around every one is expecting Bitcoin to undergo a new breakthrough. So aslong is bitcoin you are holding you will definitely be in a safer side though there's no guarantees but base on Bitcoin performance in the past years , Bitcoin still has the potential to do more in the nearest future.