It is not even right for newbies to invest in bitcoin and also chase after short-term gain in bitcoin at the same time because if they are stuck in chasing short-term gain in bitcoin, they will have no choice but to depend on their bitcoin investment to get their daily expenses sorted out, and it can possibly get them off the game at the same time. And since newbies are low coiners or no coiners who are just planning to start their bitcoin investment, they should focus mainly on investing in bitcoin for the long term only so that it will help them to build up their bitcoin portfolio in the long run, and if they are patient enough to hold their bitcoin portfolio for a very long time, they will achieve amazing gains.
I thought we have said this many times, anyone with a mindset of buying and selling for the short term should be considered a trader. Once someone buys Bitcoin and aims to sell it within a short time hoping the price will go up, they might be lucky to sell at bitcoin increase price.However, they will surely likely to buy back at a lower price and sell high price again, and that's where predictions start to go wrong. The price might not decrease as expected, and it may not even reach their target level. By doing this, they end up missing out on the benefits of Bitcoin investment.
Some people have missed great opportunities because of this short-term buying and selling strategy. This approach has turned individuals who initially aimed to be investors into traders, causing them to lose some of their funds in trading.Let us understand that investing in Bitcoin requires patience for the long term. Only through a long-term perspective can we achieve meaningful returns. This is why Bitcoin real investors focus on consistently accumulating Bitcoin, with the aim of holding it for the long term.