- Why is Bitcoin called digital gold?
Many people say that Bitcoin is digital gold because it has characteristics that are almost similar to gold. However, Bitcoin is not digital gold. Bitcoin is Bitcoin, and digital gold is digital gold. They are two different things.
- Does Bitcoin automatically go up and down or is it managed
by any company or person?
It is not managed by anyone. Bitcoin is decentralized; no one controls Bitcoin. As for the price of Bitcoin, it is influenced by buyers and sellers. If there is higher demand, the price goes up, and if there are more sellers, the price will go down.
- If I buy Bitcoin, will it be more profitable to hold it for a long
time or for a short time?
Long-term investments are more advisable to secure profits and minimize short-term risks. This is because, in the short term, Bitcoin prices tend to be volatile.. and with a long-term strategy, you don’t need to monitor the charts every day.
- As a beginner, what should I do here? Should I slowly start
learning from here or should I try to invest along with learning?
It depends on you, whether you want to learn first and convince yourself until you can invest, or you can invest while learning. The point is that you need to understand the risks and basic knowledge about Bitcoin investment first. Don't jump in without preparation, as you could end up selling at a loss when the market is not in your favor.