Bitcoin na one of di best investments wey anybody fit to enter but many newbies no know say e de better to hodl am for long term. Unto say Bitcoin de volatile dat na why e de advisable to hodl am for long term because na store of value wey de take long term to reach new ATH price and give better ROI.
But I don notice say many newbies wey I know for Bitcoin matter no get knowledge about how e de work, dem de buy Bitcoin with money wey dem wan use on the short term because dem hear say e de profitable. I believe say na only wen we enter bull run proper wey Bitcoin price go de surge steadily na im investors fit to take chances to invest money for short term profits.
Nobody know exactly wetin Bitcoin price go be in di next 24 hours, weda e go pump or dump, na only speculations and predictions we fit to do. Dat na why newbies need to understand say e no de advisable to invest in Bitcoin on a short timeframe because di price fit to dip wen dem wan use di money. Invest di amount wey you fit to put aside, preferably do DCA method and no plan to sale am on the short term. Na my advice to newbie investors.
For me, a prepared newbie should be aware of the market before considering investing in Bitcoin, some newbies came into bitcoin as result of what they heard from their friends not knowing that it might not be easy as it is been heard, I'm an advocate of individual decision in bitcoin investment but i still believe that an intending investor needs to preapre themself for a longterm investment, every beneficiary in Bitcoin, has been in the market for a long-term, although it is not as if a shortterm investor cant benefit, it is just that your expectations as short term might be unrealistic because the expected events that triggers profit may not take place during your shorterm holding and you may end up being disappointed, so op your advice is in line with the concepts of Bitcoin, I think with this kind of orientation every newbie that really want to be a beneficiary would have understood the best term to hold for in other to get the positive effect of Bitcoin investment.