Some novice investors think that if they invest a small amount of money in Bitcoin, they can make a lot of money from that investment within a few days. People who come into investment with such ideas most of the time do not stick with the investment and in a short period of time they get too excited. And in excitement they sell their investment with a relatively small amount of loss and they don't want to believe that the investment yields a good amount of profit.
Some investors confuse trading and investing. That is, investors start investing for the purpose of investing, but when they see some amount of profit after investing, they immediately sell their investments, and there is a class of investors who cannot accept temporary losses and even at that time they get excited and sell their investments. The real purpose of investment is not all this, before investing, the investor must be patient enough and also have enough confidence in his investment. Market changes every moment, changes are not only positive changes but also negative changes. If after investing we cannot accept these temporary positive or negative changes in the market then we will never reach our goal.
Investors who are serious about investing should know about investing and then proceed towards investing. I've heard of some investors who are so serious about their investments that they keep a separate fund to invest in Bitcoin consistently. The advantage of having separate funds is that if an investor ever misses a series of investments or after a financial crisis, the investor can maintain a series of investments from his emergency fund. Before we invest we should be so serious about our investment then we will be successful in our investment.
Such mentality always ends up in disappointment and those who are with such mentality and are yet to invest would learn the hard way when they finally make up their mind, I wonder what they're even think, if Bitcoin is some ponzi or whatever, the earlier most of these shitcoin traders who see themselves as investors or risk takers rather get to realise that Bitcoin is a different cryptocurrency altogether and to profit from it requires buying and holding for a longer period, the better for them cause they'll keep getting disappointed.
I consider anyone that comes into Bitcoin just to invest and take profit in a short period as a trader cause that's the attribute of traders,
I hear people saying that Bitcoin has the short-term and long-term aspects of investment and I laugh at them for being ignorant, there are some compulsory stuffs relating to Bitcoin investment and it's patients, discipline and consistency, among others, all those are not linked with short-term investment so I wonder where they got
that narrative that bitcoin is classified into short-term and long-term, there's only one concept I know of and it's buying and holding for long-term. you don't have to laugh them, because that saying that bitcoin is classified into short term and long-term is correct, for the short term is called trading, which involves buying and selling of bitcoin within a short term, in other to take advantage of the price Volatility, and holding of bitcoin in the short term only last for few days which is trading.
While the long term is called investment, which involves buying and holding bitcoin as a store of value, which long term investment in bitcoin can last for several months to seven years or even a decades.
In as much as bitcoin is classified into short term and long-term, it is advisable to approach bitcoin for long-term investment, because bitcoin holding for long-term is more profitable and less risky than short-term holding which is known as trading.