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
OP, what currency have you invested in? First of all I would advise you not to invest in altcoins as a newbie. Bitcoin is the most popular and trusted currency among cryptocurrencies. If you want to invest in Bitcoin you have to decide to hold for the long term. If you invest in Bitcoin for short term then you may face loss instead of profit. Investing in short term becomes risky. So try to hold the investment for long term. If you can hold Bitcoin for a long time then you can definitely earn a lot of profit. You can still decide whether to hold the investment for the long term or hold it for the short term. Since you will hold the investment for short term, don't be too greedy and sell bitcoins only if there is a small profit. Many speculate that Bulran could start in 2025. So hope you can make quite a bit of profit in 2025.