Post
Topic
Board Bitcoin Discussion
Re: I am begining on a short term investment.
by
Cookdata
on 20/06/2024, 19:47:15 UTC
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.


Whether you are going to be a short term trader or long term trader, the amount of Bitcoin you hold determine how much Bitcoin your are going to make in short term or long term. For example, you have 1 Bitcoin which is worth $65k, let's say you bought when Bitcoin ETF was approved around April when it was trading at $40k and you sold when we hit the previous all time, you would have made $20k but imagine that your capital is $2k, and you want to hold for short term, you wouldn't be able to make anything.

My advice is that whether you are holding for long term or short term, make sure you have enough capital to start with something reasonable, imagine how it's going to look like after holding $1000 for long term, it seems that investment will have to take another 5 years to be able to make 2 times of that original value and I see that as a waste of time and energy.