People look at the value of Bitcoin for a number of reasons. Paying attention to the Bitcoin market does not mean that recruiters sell Bitcoins. Checking daily prices means finding a very good time. This reduces the stress of long-term holders and increases common sense and motivates them to invest in Bitcoin, as well as they can relate to market dynamics. Bitcoin market is very volatile in nature, it can go up in a short period of time and fall in an instant.
The consistency of profits should be measured over a long period of time, for example, month after month or year after year.
We all know that before an investor can be successful with his bitcoin investment, he will have to hold his bitcoin for a long time, like 4-10 years or more. But I want you to understand that profit in bitcoin is not only measured by how long you hold your bitcoin but is also measured by how much money you have invested in bitcoin and the quantity of bitcoin you have accumulated.
A long-term Bitcoin investor has many dimensions of his personality, such as finding the ideal strategy, observing market volatility, choosing the right time and mastering effective trading strategies.
A long-term bitcoin investor doesn't need to master any trading strategies because they will not be of any help to him in accumulating bitcoin. What a long-term bitcoin investor or a newbie should know is his finances to know if he will have discretionary funds that will allow him to invest in bitcoin. Trading is not what a newbie like you should adopt because you lack the knowledge and experience that will guide you to be successful in trading. Just focus on accumulating bitcoin with the money you will not need for 4-5 years or more and also build up your emergency funds as you are in your accumulation journey, which will allow you to solve your unforeseen problems anytime they arise and leave trading for those who have enough money to throw a few dollars in trading.