In the current situation, about 60% of people are focused on short-term investment. When they lose all their money in short-term investment or trading, they get very broke and they start saying that all this is fake. The risk of losing your money in short-term investment is much higher. Nowadays, many people start trading by watching trading videos or hearing from someone, they never research these things to see which one will be good for them. If they did a little research before stepping into this trading, they would never have traded and would not have lost their money in trading.
If a person makes long-term investments, such as buying continuously based on his stable income, then his chances of profiting from his investment are much higher. If a person sets his goals before investing, such as how many Bitcoins he will accumulate in his portfolio, how long he will hold his holdings for, if he plans to invest in all these aspects and holds them for the long term, then he can benefit from his investment.
Information is power even in our daily life, making your own findings or research before embarking on any investment is very crucial because is through your research you can get every information needed to make your investments a successful one. Many investors has failed in their various investments over time because they failed to understand that bitcoin investment is not a get rich scheme, and before you can make something big is when you go for the long term plan.
Secondly, patient: this is another important thing that fuel the success of every investment, how long can you hold before selling? This is an important question every investors should be asking he or her selfs before investing, because so far as bitcoin investment is concerned, is how long you hold that determine your success.