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 the basic foundation of knowledge, and so before we go into or start anything in life we are suppose to make research to know how to go about it, it's so unfortunate that most persons don't even care to have knowledge about a particular thing they chose to do .
Trading has a lot of research to be made before going into it, if not you will lose all your money within a short period of time, most persons never even watch videos or any article on trading, all they do is that they are based on speculations and rumors that trading is very profitable without understanding and knowing the risk aspect of it, all they are after is getting quick money not wanting to know how to make it.
Although research is the main basic of knowledge, traders do not have the patience to do research because most of them expect high profits in a short period of time. If you want to be a successful trader, you should do research because it is important to know the issue of risk management in trading. This involves the tendency to be greedy. Along with proper management of funds, it is also important to ensure the process of meeting daily family needs and proper use of discretionary funds.
Just as emergency funds are needed in long term investments, this fund is also needed in short term trading because if the coins you buy is dumped, you should not tend to sell it at a loss. Therefore your fund management should be established on a solid foundation because through trading or investment you must ensure a stronger financial position.