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.
Normally, bitcoin is not for a short period of time if anybody has money that can be used in a short period of time. They shouldn’t invest in bitcoin; if not, there is a high possibility that they will lose that money. So for the newcomers who invest and expect a return in a short period of time, I think it is knowledge that they don’t have. They don’t have the knowledge of how the how the bitcoin market works. They thought because they heard people saying bitcoin is a profitable investment and they can invest and cash out at anytime, which is not true.
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.
DCA is the best method for bitcoin investment, especially for people earning monthly or daily or people who invest often in bitcoin. It makes the calculation of how much you have invested very simple to do, and you won’t get confused. Also, while investing, you will quickly know how much you have in bitcoin, but regardless, invest the amount you can afford to lose.