The Bitcoin market is very volatile. You can never tell whether the price of Bitcoin will increase or decrease in 10 minutes. There is a big difference between investing and trading. Investing is long-term, such as for your future, and trading is short-term. The risk in short-term investing is much higher than in long-term investing. In long-term investing, you do not have to worry about small ups and downs in the market. In terms of investing, you must have the right song about your wallet. You must have the right knowledge of financial management. Along with investing, you must have an emergency fund. An emergency fund is needed to protect your investment from unexpected financial disasters.
You said something wise enough for everyone to understand here, but apart from all that I just can’t understand why there are still people who like to invest in the short term through Bitcoin even though they also have more time to take it into the long term. So this is what sometimes makes me wonder even though they may have understood the technicalities in running long term investments such as providing knowledge for themselves and providing emergency funds to protect their own investments.
In fact, most people already know that Bitcoin is suitable to be bought and stored for the long term and this can be done slowly through the salary from our own work
and if you want to trade while investing, it is better to look at other options because we must determine Bitcoin as an asset that must be stored after being purchased for a much greater victory in the future.
You can't be trading and investing at the same time, it is totally wrong and you should not involve yourself in it. Even if other people you know might be doing it, doesn't mean it's right. As an investor you shouldn't be mixing it up. Wether it's with bitcoin or any other shit coins or other options as you referred to it. You are still making a big mistake if you think you are safe when you hold your bitcoin for long but engaging in trading with other shitty coins, It is even more dangerous that way. Avoid trading that other options you might be thinking of as well as trading bitcoin. Focus on your long term investment only and you will be fine.