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
Actually all strategies are not wrong, everything is good. Because the goal of investing is to seek profit. It's just that many suggest that long -term investment does not mean that short -term invertation is not good. Because not all of them understand short -term investment, so many people recommend investing for the long term, especially if they are still beginners who do not understand graphics and market dynamics. Then the long term is safer than the short term.
But if you are more profitable when investing in short term is good for your strategy. Needs to be maintained to be consistent. In essence, investment in Bitcoin does not have to hear other people's advice, everything returns to yourself in mastering and understanding your own startgi so that you can benefit. The key, investing in short -term or long -term goals is profit.