Quote from: xiamin on January 08, 2025, 03:52:54 PM

Quote from: POPOLUV on December 27, 2024, 10:05:57 AM

Investing your Bitcoin in long term purpose is the best that anyone knows how Bitcoin works, because sometimes Bitcoin meant fall in the market and also raise with time. So l will advise that long term investment is more preferable to short term investment.

Bitcoin price is volatile and risky to invest if you are managing it for short term. If you have the capacity to hold this valuable asset, then keep holding for a longer period. Since your responsibility is to maintain your assets and get high profits in the long term, 4-5 years. Long term advice It is a good decision to continue depositing Bitcoin. Every investor should understand that short term trading is much more risky.

Anyone with the mindset of investing on for short-term purpose is wasting their time since Bitcoin as an asset class has no business with short-term goals. Longitivity is the goal and every holder is bound to hold for a full circle and more which is ( 4 - 10 years) before they could even think of taking profits from it, well an investor may decide to keep holding for longer before they choose to take profits or some portions of their profits rather but anything below the minimun means that such investor is going against the concept of investing on Bitcoin and involving short-term goals to it which is a wrong decision, risky and commonly done with Altcoins rather. Bitcoin invest is for future purpose therefore patience is highly required to maximize profits, involving Bitcoin with short-term goals would make an investor sale on lose and would definitely regret later when the price surges multiple times than when they sold their coin, that's why patience is highly required which is holding for a long-term.