Post
Topic
Board Economics
Re: Central banks and financial instutions selling gold to retail to buy crypto
by
tottong
on 14/05/2025, 01:31:40 UTC
From the little knowledge that I have in bitcoin, I feel that those people who are after short-term profits are short sighted on the big picture of bitcoin in future. It's when you're more after short term profits that you can make wrong decisions which will make you regret your actions of selling for little profits in future. Bitcoin is not a get rich quick scheme and I don't think that any short-term profit chaser can make maximum profits within a short time because bitcoin price will increase far higher than what he sold and would make a better profits if he holdi for long-term.

Anyone can take advantage of the short term or long term in investing in bitcoin as long as they have the knowledge to avoid losses and there may be many people who are doing short term investment in bitcoin for now.
The knowledge is wrong on one level because when someone says bitcoin can be run for the short term, the reason must be because they want to get rich quickly, everyone has a strategy in investing and what they are after is only profit based on small risks.
If short term is difficult to apply in investment then surely people will choose long term as a definite step.

Remember one thing, that capital greatly determines the amount of profit we get while the size of the profit can be adjusted to the investment pattern that is carried out based on the capital owned.
That's why some people take a short-term approach because even though they know the profit is small they can do a repetitive pattern in carrying out investment.