Post
Topic
Board Bitcoin Discussion
Re: I am begining on a short term investment.
by
benalexis12
on 22/06/2024, 14:10:09 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.
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

You know the answer to your question is OP. What do you want to know and convey to the forum community here on this platform? Yes, it is true that we are all here to make a profit, and most of them believe that they can make a profit in Bitcoin, while others believe that they can make more profit in other top altcoins.

That means it depends on the beliefs and research done by the individual who is here in the crypto industry field. Just don't imitate others who just ride on what others say or just believe the promises they hear about a cryptocurrency asset.