Topic: investment in bitcoin should be short term or long term. - page 5. (Read 1587 times)

I have 2 plans in trading and investing. i.e. Day trading (my job every day) and long term trading or investing (money that I always set aside from my daily trading profit).

to be honest if my circumstances can afford then I will answer that long-term investment is the best. but my economic circumstances forced me to have to continue to trade daily. because I have a family to support.
for some people, day trading may be used as a main job looks difficult to accept and high risk. and I thought so at first. but after I went through several years with ups and downs between loss and gain. now the experience has become a valuable lesson. and now I rarely lose in day trading. because I have implemented risk management, financial management, profit and loss management in trading and combined with technical and fundamental analysis which must be prioritized. so trading is not speculative.
but of course I wouldn't recommend day trading to anyone. because the risk is high and if we are not good at controlling emotions (emotional management) then it is not surprising that more people lose money from day trading. I was forced to do it out of necessity.

and I even do day trading is to be able to support my family and save some of the profits to invest in Bitcoin for the long term. and fortunately I know this forum so that it helps me a little to support my family from signature payments ($40/week).

so the answer to this question is if you are a financially capable person, or you are working, and you have extra money to save then long term investment in bitcoin is the best.

even if the price of bitcoin is now down. but if you regularly look for information related to bitcoin then you will be surprised because now the wallet that holds at least 1 bitcoin has exceeded the new ATH. meaning that every day bitcoin holders continue to grow. meaning that people are competing to buy bitcoins from the current low prices.

Most of the new comers always keep to tell that they'll buy when it's very low. But what happens? when the low comes, they will tell another metric that it should be lower than before because they think that the dip will continue and it's going to be worse than the first price that they've said.
As the price continues to drop, there will be a lot of emotions being played by the market itself and that's going to make everybody worry from their own decisions being done. But as you can see, if many have bought during the $15k a while ago, they're already in profit because the price of bitcoin flashes back quickly to $17k and about to enter again $18k.

If you believe that btc will hit a very high price and you have lots of patience then you will go for long term but if you are the opposite of that then short term will be the way to go. How can you say that btc is going to hell? Because, you are seeing reds or its value is dumping a lot? Hell is not in the vocabulary of btc.

It was only the news who influenced the price of btc to drop more evenly but there will always be a force that prevents btc from falling in a very low level in case more negative news pops out. Those who have less knowledge in btc shouldn't be afraid of it but they should use this fall in price as their advantage to stack/stock up more coins.

But when is the right time to buy? When it's on ATH? Before you buy, try to study the fundamentals and technical analysis first. Many newcomers say they will buy low, but when? Because they didn't know much about it, they bought it at a high price, and when the price of bitcoin dropped, they had to sell it at a low price. You need to learn it first to avoid losses. So try to read and watch videos about bitcoin.

November 6 Price of Bitcoin $ 21K. While today is $ 16K. This is an advantage if we choose long -term investment in the type of investment that is full of fluctuations.
We hope that OP can survive with the type of investment chosen. The message of encouragement from us for those who have chosen Bitcoin in investing, this situation will change.

Most people will choose long-term because long-term holding is simpler, doesn't take as much effort, and doesn't require as much market knowledge as short-term investing. Short-term investment is trading, to make a profit in trading, you have to invest a lot of time to gain knowledge, and experience and even lose money to get practical lessons. Trading is not for the masses.

Long term or short term investment is up to you, bitcoin is just a tool to help us make profit and how to use it to generate profit is up to us, not bitcoin.

Well we will all agree that Bitcoin should be a long term investment. It may feel like BTC is going to hell but in my opinion it is definitely not. It’s always hard to tell when the rebound will happen but historically bitcoin's price has responded extremely positively after every correction.
It’s hard not to let your emotions get wrapped up in it when you’ve invested into the technology. But it’s important to remain detached and objective.
The reality is after nearly every correction in the past bitcoin has reached new highs so see this is an opportunity to get in cheap. Personally, I'm not buying right now but rest assured if bitcoin drops below 15K I will consider adding more to my portfolio.

Well, bitcoin is still in a low price right now so definitely a good time to buy. And the fact that bitcoin is prone to price volatility, then set your bitcoin investment for long term. And if we can hold it for a year or two, much better since bitcoin halving is fast approaching. And when that happens, we will gain huge ROI especially if we start buying bitcoin at its bottom price.

If you have long term profit goals, then always go for long term investments. Most particularly with bitcoin because it will only give us good and profitable amount once we start hodling it for long term. Although short term may also be profitable sometimes especially if you bought bitcoin at its cheapest price, but for best outcome, invest bitcoin for long term.

Since you are a newbie then it is a better idea to take your time and become a long term investor, becoming a short term investor or more accurately a trader is too time consuming and difficult for most newbies to pull off, now there are a few newbies out there with amazing skills which can do something like this and become traders from day one, but if you are not one of them then save yourself the trouble and the headache and become an investor instead.

I'll recommend long-term investment especially for those who wish to contribute to the Bitcoin Project and possibly benefit from its price increase. So investing longterm is better, but you free to sell part of your investment whenever you need money to solve other important issues in your life. You can always contribute ideas/efforts for the development Bitcoin which can also qualify as investment.

I would not bet on this since the price of bitcoin is still very much influenced by many factors, and no one knows precisely what it will be in 2024, especially newbies, which is the author of the thread. This may turn off many. I would not consider bitcoin - as a long-term investment for beginners.

I agree with you that long term bitcoin investment is much safer and more profitable than short term investment but if you say trading is gambling then I definitely disagree with your thinking. If you trade without any knowledge then I agree you are gambling but if you have knowledge and skill, it's not gambling. Trading can actually be profitable for you and it is based on your ability not luck so it cannot be considered gambling.

In my opinion, I’ll say if you plan to day-trade then it can be short term. But if you plan to invest and HODL, then you should make it long term.

Everybody can make money online, with or without bitcoin, it's that crypto or at least bitcoin can give someone a huge profit, but you have to accumulate and hold long term and that's what makes it more difficult here. It's because of the mental aspect. In also involved that you have the psychological ability not to sell too early or to late in order to maximize your profits here.


Yes and that's what separate crypto to the rest of financial markets. It's so volatile, but you can take advantage of it as what daily traders is doing. But for the majority, just a simple strategy of buying cheap bitcoin and accumulate over the years.

yes, and I have now bought it and I will hold it until the time comes to sell it. because I believe one day the price of bitcoin will be very high. and I will sell it when the market is bull run. but of course I have to be able to get through every obstacle that is to be able to fight the panic when there is a decline in prices.

Bitcoin is a good investment for long term. If you track the price history you'll understand why. But it doesn't mean you have to hold forever, just set your target price to sell and for how long you're willing to wait.

However, this still depends on your strategy, you are free to do what you think is best for yourself. Either short or long term, what matter is you'll benefit from the decision you made. Much better to have plan so you can timing the market on when you will engage yourself. It takes guts hence be prepared whatever the result is.

Investing in bitcoin should be long term. Sort-mid term investment also possible but from my opinion BTC is suitable for long term.

BTC works like a rocket if there is any hype. We saw this 2-3 years ago. So, we should invest long term to catch it up.

What about trading? I think it should also be called a short term investment and many people are trading day to day and making a profit.

Right! Whether it is a short or long term investment, investing in bitcoin is very risky because of its volatility, so it is advisable to invest only with idle money or money that you can lose. Bitcoin investment is not always profitable and remember it is not a get rich quick way.

Definitely, if you invest for a volatile investment, then always choose for long term. Aside from you can maximize your expected profits, you can also avoid panic selling once the value crash because you know your target is long term hodling. You will only get to sell when there is huge profits waiting for you, and not for short term that only give rare chances to become profitable.