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
It is a free choice, as long as you can live with it then there is nothing wrong with your choice regarding short-term investments. But I think, it seems like short-term investing is all about trading because after all, you will make quick purchases and sales or price movements occur. Therefore,it can be assumed that at least you are looking for quick profits and you will also make another round when you have made a profit. It's different if you invest long term,because you won't care about price movements that occur in a short time. Because, if you make a long-term investment then obviously, you don't need quick profits, so differences like this are very significant. But yes, in essence there is nothing wrong with these two things, because the most important thing is that you can do it in a good way and not be depressed when prices continue to fall.