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.
Research is very important in every investment you want to venture into, be it long-term or short-term. I wonder how someone will venture into an investment without carrying out research to understand the cons and pros of such investment.
The discussion on this investment is centered on bitcoin, but it's also important to know that its also the same thing with every other investment. If you don't research before venturing into any investment, your chances of losing your capital is very high.
Nowadays, many types of advertisements are seen on social media related to trading. Many people get attracted towards trading after seeing these advertisements. Maybe they try to do research but they may not get the right information due to which they lose all their money.
You notice one thing, if you go to YouTube and type trading and search, then all the videos related to trading will come in front of you and if you watch a video and then if you do not watch any more trading videos. Even then, you will see that for 2 days, all the videos related to trading will come in front of you. In this way, many people get attracted towards trading.