We must remember that investing in Bitcoin carries a high risk and cannot promise instant profit. So it is recommended to invest money that
we can afford to lose, that way when the price goes down we can patiently wait until the Bitcoin price goes up. Because if we use money for
daily needs to invest in Bitcoin, when the Bitcoin price drops and we need the money, we are forced to sell our Bitcoins at low prices. Moreover,
buying Bitcoin with borrowed money is even more dangerous, we can have large debts and make our finances even more messy.
Therefore, before investing in Bitcoin, we should first learn all things related to cryptocurrencies, so we have the knowledge of how to profit
from Bitcoin correctly and safely.
All investments have a fairly high risk including bitcoin investment, the volatile nature of bitcoin certainly makes bitcoin experience an unexpected decline in value in the market like today, so sometimes it will make us panic a little and make our finances a little disturbed, that's why it's better using cold money to invest, because that way we can anticipate the unexpected so that finances are not significantly affected.
For those who are looking for an instant investment profit, I think holding bitcoin is not the right thing for them, because the volatile nature of bitcoin is a mystery about when the price will rise quick, so those who want to get instant profit, trading is the right alternative for them in my opinion.
It is true that all investments are risky, even investing in Gold and the stock market is also risky. The problem is that the price of Bitcoin is
very volatile, making the risk of investing in Bitcoin much greater than investing in other assets. So investing in Bitcoin not only has to use
cold money, but investing in Bitcoin also requires good analytical skills. That way we can be more patient if the market falls like it is now,
because we can predict where Bitcoin will move. So don't decide to invest in Bitcoin based on other people's analysis, but we really have
to be able to analyze the market ourselves. It is true that through trading we can get profit faster than investment, but we also have
to have good research and analysis skills. To get good analytical skills requires a long process, meaning that it is indeed impossible to expect
instant profits from Bitcoin.