Akin to the saying that excess of everything is bad,
Too much of everything is indeed bad and we must be able to maintain a boundary or let let me put it this way that a limit to everything we are doing, if we don't want to risk losing our investment fund for nothing, we must be careful of the steps we take, the way we trade or invest, the time management as well as the risk factors all inclusive on whatever decision we are taking regarding bitcoin investment, it does not end up in making the first step, but taking the right path in doing so.
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.
Knowing the nature of what the market is, we must be able to related all the necessary assessments expected of us before making an investment, after doing all these, there must be a cogent reason to why we must invest at a particular time and hold, buying and selling as we already know is a continues process, the more we go in doing it the higher the bitcoin value turns to be because of its increasing demand, so setting a particular time frame to buy or invest and then taking the right position upon our investment asset will all make it more profitable for us, now on trading, we may have to trade base on the personal convictions we have towards it, if we truly understand why and how to trade, manage the risk in trading and lots more, we are also going to make some catch at the cause of doing so over time.
Bitcoin investment or trading, of course both have their own risks, but I'm sure most people will agree that trading is much riskier than investing. So it's very clear that investment is the best way to minimize risk if you buy bitcoin. Therefore, it is only natural that currently many people choose to invest rather than trade bitcoin. Because of course everyone also wants low risk but quite satisfying results, that's why they invest in bitcoin. Because even though bitcoin investment takes a relatively long time, but if you manage to hold it, I'm sure the profits you get will be much greater than trading. Because trading at first glance looks like it will get profit faster, but don't forget that losses will really come to us quickly. That's why I personally recommend investing in bitcoin, because for me an asset as good as bitcoin, it's a shame if it's only made for daily trading.
There is no doubt that Bitcoin investment is definitely useful, even if you are alive, there is risk. Success is achieved because there is risk, you should note that the risk in Bitcoin long-term investment is much lower than trading. So you have to manage the risk and participate in Bitcoin investment. I don't know how you invest and how much money you have. Even if you have less money, you can still do the DCA method, because you can participate in the Bitcoin DCA method with a small amount of money. And you can add more money to your Bitcoin investment weekly by eliminating your daily additional expenses with this Bitcoin investment. For example, if you are involved in smoking and drinking, alcohol, sitting in the park with women, spending time in the cinema, doing such things costs money.
You have to avoid such bad things and the money that will be saved from this means that if you can invest $40 to $60 in Bitcoin weekly along with your Bitcoin investment, then you will definitely have an investment of $2000 to $3000 by the end of the year. If you can continue investing in this way, your portfolio will take a large shape in the future few years, so the only way to achieve success in Bitcoin investment is to invest according to the strategy and take risks.