Always keep yourself away from short-term investment. Short-term investment is very risky always keep an eye on long-term investment
To be successful in investing in Bitcoin, you must plan for the long term, if you invest in the short term, you may face losses instead of profits. Those who have invested in the past and held for the long term have been successful. Now if your plan is to hold short term, if the price of Bitcoin falls from your purchase price, then if you can't hold long, you will have to sell at a loss. We can compare short-term holders to traders, as their plan is to buy at a low price and sell at a high price. Those who plan for the long term are able to hold the investment in any situation. So we need to plan for long term before investing and we need to have emergency funds.
Currently the market condition is very bad. But those who have long-term plans are not disappointed by the market, rather they will use the opportunity to buy the dip.
I think that to be successful from Bitcoin investment, you have to have long -term plans and will never be successful. Long -term means that we need to keep the investment of Bitcoin until we are able to reach the right goals until we are enough to accumulate enough Bitcoin to us. Moreover, it may be very easy to start Bitcoin's investment but it may not be easy to hold the investment properly. Because in investing, the market can put us in any situation such as the market is down and the price of our portfolio is reduced and when the market is upward, the price of our portfolio increases. So those who start buying Bitcoin by properly and taking the right procedure can keep themselves calm and be patient at any moment.