Topic: No save money inside Bitcoin for short term use because of price dip (Read 691 times)

Even though say this talk don plenty every where about people not to invest in Bitcoin for short term plenty people will not listen but however, it really worth reminding people about the risk involvement of their actions, Bitcoin is a coin that is best appreciated when approach with a long term intention hence it is very wrong if anyone invest in it thinking that it is a quick money making scheme, patient is needed, consistency to enable us increase the size of of our Bitcoin even as we are holding, that is the reason it is always advisable to invest with an amount we are not going to make use of, outside seeing Bitcoin as an investment, it also have so many potentials, it servers as a store of value and so many others.

Indeed, Bitcoin is a long-term investment, but the reason why people go into it in the hope of getting money within three months is because they heard the investment pays, like if you see people that are making money from Bitcoin it looks like they did ritual, so some people don't confirm, they just jump in and they want to make that kind of money that looks like blood money, but it is legit.


So, indeed, before anybody invests in Bitcoin, I advise they talk to somebody that has advanced in Bitcoin, like really have a conversation with them: how long it took them to get their first investment return, what you should know about budget investment, how to position your mindset for the best and worst, basically everything about it, how to hodl, how to trade, especially how to have a strong mind, because Bitcoin investment is not for the faint-hearted.


Especially when the market dips, I see people losing appetite, some people even crying, some getting lost in thoughts because the market dipped, and these are even people that are into the investment; talk more of people that just started, that means they will just faint.
So, before you invest in Bitcoin, I will advise you talk to an experienced Bitcoin trader, like, to guard yourself before you start. It is very profitable, but you have to go with the right mindset and directives, right on time.

The earlier wey newbies understand say volatility na the nature of Bitcoin, the better for them else them go continue to dey mistakes with their investment plan all in the name of volatility. For person to consider Bitcoin as a store of value, you must think of long-term and I done see say that na wetin some investors now understand, that's why dem go rush sell their holdings whenever price drop. I done also notice say why many investors dey panic sale when price drop na because of say dem dey go into Bitcoin investment with too much emotions, to become a Bitcoin investor you must kill your emotions, overlook pressure from the market (volatility) then get patience since Bitcoin investment na for long-term goal. Na true you talk say many newbies no get proper knowledge about Bitcoin before they invest and most of them rush into the market due to influence from the media or desperation to make quick money though Bitcoin, without making proper findings about wetin them dey do, that's why them dey reason short-term instead of the other way round.

First thing every newbie should have in mind is that investing in BTC with little capital and hoping to get much is like a waste of time. You can't expect your $10 to flip to a million in a bull, it will probably give you like $5 or $10 profits but then that's not what we want to call profits. This is reason why you continue accumulating more coins, awaiting the next bull season. This way your profits will be big and you can decide to withdraw it leaving your initial capital. Again, investment should be done with money we don't have much to do with on a long term. It should be money you have already made available for buyung BTC. That because the market is volatile and you might not see your money in the market for a long time maybe I'm the bulls.

This topic is well directed at the newbies because it is assumed that the oldies already have an idea or experience or indepth knowledge of how to make best profit from Bitcoin since it has been successful so far and has achieved more than a mile stone when it comes to the emergence of cryptocurrency and the innovations of web3 , Blockchain and virtual reality projects.

Besides the strict demand for discipline that a DCA strategy would require when an investor aims for close to a decade in wealth accumulation plan through investing in Bitcoin, the lump sum strategy and the hybrid strategy of investment would do, but the bottom line is that, Bitcoin investment is more profitable over a long term accumulation plan.

All you have described are things that should make one not to invest in Bitcoin just yet. If you do not have enough money to solve your basic problems like food, shelter, medicine and others, what are you doing talking about investment? Furthermore, when you borrow money to invest in Bitcoin, what guarantees doe you have that the investment will be able to generate profit to pay back the borrowed money and the interest? Therefore, borrowing should never be an option for anyone willing to invest in Bitcoin neither should you think about investing when you do not have enough money to cover your basic needs and possibly leave some to serve as reserve funds.

Op waiting you dey Yan na truth but the only issue way most newbies have is financial imbalance also not far from FOMO issue too as they may not truly detect the right direction to go if not with a post like this you made, before now I was of poor thinking of selling my holding once I see little increase but with several information encounter here I see my plan as wrong direction to take, that makes me believe that failure of been informed on a particular thing is a failure for not succeeding even when others succeed on that particular thing.

There is no result of short term can be merge or compared with long term venturing into Bitcoin investment required good knowledge about long term holding and also removing the mind of selling off asset or taking profit in short term just as a discussion and many post advise on other sources of income when holding BTC , that is the right thing that can scale through any one who desire the long term hold or else unforeseen circumstances will destroy the plan along the way in my opinion good knowledge is very important and one must not solely depends on the investment made on BTC as only source of sustainability.  So that the long term holding can be actualize as that is true way if making it huge in the BTC system.

My brother, you don talk well, almost all newbies investors believe say once them invest in Bitcoin, them go just grow rich overnight, them no know say Bitcoin investment no dy easy like that, you need to hold for a very long period of time to reap the full dividend of your investment, and as such e no dy encouraging to invest money wey you wan use in a week or monthly time, because due to the volatile nature of Bitcoin, when you wan sell and use the money, the price of Bitcoin fit don drop wetin no nice, and your money go also drop, so at that point,  you will be forced to sell at a loss because you definitely need the money badly, so na very nice update be this wey the op of this thread share with us.

And lastly, the way Bitcoin is structured, if you really want to benefit from it, the best way to go about it is to think of holding for a very long period of time, because short term thinking na for traders and e no go give you better results as long as na Bitcoin investment.

The reason why most persons save for a short term is because they don't have a lot of fund on them,the little the have, they don't want to loose it since it will be disastrous ,also some of them borrowed the money to invest on the short term in other to have extra fund no matter how little that comes out,they can manage it with their lives in other to  meet up their daily expenses and for them not to go bankrupt,for they feel that little drops of water makes a mighty ocean. Long term saving will have to take a very long time before they can access it, though it's more profitable than short term

Many people wey like to invest in bitcoin, like to invest for short term because them want to use the money buy something and dem think say Bitcoin go give dem very huge amount of profit at the short term investment. So me I no dey tell the to invest I short term but long term investment nai I dey tell dem to invest so that the profit sef go big small. And nai make if any newbies want to invest in bitcoin they should know the advantages of short and long term investment so that when they want to start they should know which one to start with.

But best of them all is long term investment because the benefits are more.

Even as a new investor in Bitcoin I won't even think of going for short term investment strategy because during my research I have seen that short term investment in Bitcoin is more risky. High risk and high reward but the reward part doesn't come easy because the investor stand a chance of losing both the profit and capital in the twinkle of an eye and except other coins, investing in Bitcoin should always be in a long term investment plan for better benefits, I adopted DCA the moment I made up my mind to invest in Bitcoin and it has been working for me.

Bitcoin has become one of the best digital investment due to the fact that it doesn't require technical investment techniques if not for accumulation techniques such as the Dca that's practically endorsed for newbie investors who can't afford to buy the satisfied amount of bitcoin to their assets at a higher price probably due to lack of fun to buy once and for all.
The basic fact newbies need to understand is that the market can't be controlled by emotional sentiments neither expected to actualize a quick goal but as a digital investment that grants your assets safe and maintaining potential increase of values despites its volatility unlike other cryptocurrencies or related digital trading that its volatility is extremely high with potential values to total lost. Perhaps, bitcoin isn't an investment technology for the greeds and impatient because investors could be panic to sell at lost due FOMO to a situation of market Dips but if patient and holds longer, definitely would sell at great profits because after a bear come the bull market events.

Bitcoin is one of the trusted and popular cryptocurrency among the best virtual currencies to invest in. Newbies have very little idea about investment for which they can't wait long to invest in Bitcoin and also can't follow their investment plan properly. Moreover, a new investor needs to know the market well in advance and have some knowledge about when the market volatility works. DCA should be adopted to invest in Bitcoin, but it is an easy way for an investor and here it helps him to reduce the risk. Moreover, one should not think of short term profit by investing in bitcoin, but it is best to wait for long term and hold till bitcoin market ATH. So I think if a new investor follows your advice and invests then he will surely get good profit from Bitcoin.

We need understand say the reason why dey they answer crypto Newbie nah because say them no know anything about Bitcoin, even if say them know maybe nah just few and out of misconceptions them no know the kind of money wey them supposed to use but Bitcoin because them no get better OT.
Many of these crypto newbie nah from social media them they get their Intel  from, and me and you know say many pipo for social media just need crowd for their social media pages, so many of them no really care if the informations them dey share good or not.
E dey important to invest with the money wey we no need use for over 12 months because if we talk about only 6 months holding e fit not yield any good profits by then.

Any newbie wey go invest for bitcoin and he or she no understand am before investing na their problem because everything needs to be known and understand before taking any decision to invest, make any newbie no go think say because bitcoin they bring profit go invest money wey him go use chop invest in bitcoin because in the end you fit surprise with the result wey you no go like, bitcoin na better invest but e get as e be and everyone need to study am very well before investing in it.

I no mean say make anybody no invest in bitcoin oh, what I’m trying to say is that make sure say you don understand waiting you wan go chook hand for make you no go Dey spoil bitcoin name for outside because say e no favor you, make sure say you Dey capable of investing and as a newbie to start investing I will advise you to invest any amount wey you fit hold for a long time to avoid things wey no go good for you, just make sure say you know much about bitcoin before you carry your two hands go invest.

I buy your idea real good and I've learned my lesson in this regard with the market reality. It is better for investors to know the kind of investment plan they are going for and the actual investment goal they are trying to achieve with it. Many would say they want to HODL but in reality, it's the short-term investment they have nerve/mind for. This is when you see them panic when Bitcoin moves extremely lower, while some will even divest their asset at a disadvantaged price just because they fear it might go down further.

This is the price they will always pay for lack of preparation, which is why I have come across my 3 styles of investing in Bitcoin as shown below, even as I earmark different investment funds for each of them;

1. I have a portion to HODLing and come what may, I will not divest for at least 2 bullish cycles (8 years). After that, I will know my fate and further decide whether to continue HODLing or divest.

2. I have a portion for a long-term investment plan that will not be as long as HODLing. In this, I may divest when this present bull run is over, or when I see an undeniable bearish reversal that may take several months or a year(s).

3. I have a portion in which I will continue to outsmart Bitcoin. In this portion, I continue to invest, divest and reinvest depending on the market condition on the chart. And so far, this approach is earning more for me than the first two.

Na good advise be this op, because there is no way u can put money in BTC business, and u will not like to invest again in BTC wen d price fall down in d market because d profit will punish u to invest in BTC and hope for another profit in d future.

BTC is unpredictable till now, because nobody will give d newbie accurate time d price of BTC will hit d market running, which is d major thing that is making people to like BTC business because is not control by d government, and it will never going to be control by d government which is d sacrifice d founder of BTC made for d users in d world. Going for long hodling with BTC, it will help newbies to no why old BTC users prefer to hodl their BTC for long before dey can sell to accumulate profit, because d more dey hodl BTC for long d more it give them d opportunity to accumulate profit.

Wetin dey necessary for both newbies and experts na to take profits when you dey in gain, every profit matters a lot even if e small or big depending on your capital cos no body know wetin fit happen for the market tomorrow. If the price of Bitcoin go dip and you dey in loss, na there newbies dey fear go sell in loss but expert go either accumulate more or wait patiently to rise back.

Wetin people especially newbies no know be say, Bitcoin dey take time to give you wetin you want, the ecosystem no be where you come wan collect profit sharp sharp, if you asap gain then you learn technical analysis to be a daily trader or you go into forex, crypto na game of patience if you no know.

Na better thing you talk so, e good as the Op they advise the newbies so they cannot experience waiting some us pass through trading for here. Any newbie who want to invest in Bitcoin should do it for a long time and this advise is for the newbies wey get patient to hold because as Bitcoin they no be everybody get mind to dey hodl for the future. My advise for newbies that wish to invest in Bitcoin for a long term, is that If they hold Bitcoin and watch the price continuing to fall, they must not panic since the price will still increase, however, make them no afraid and sell the coin they are holding, at the proper time they will make a huge profit.

If some of us begin they tell the amount wey we don lose for short time trading, some of us for don become rich but based on say we no get anybody to guide us from the beginning that we should not invest for the short it is quite risk. But them no dey teach person twice, we have learned our lessons, we hold for the future.

Di majority of people wey de invest in Bitcoin on di short term na newbies, unto say dem think say na only pump price de go, dem no know say we de experience massive dump for Bitcoin. Experienced person for Bitcoin wey de invest for short term na wen di price de continuously pump and during bull run, dem fit to try am because probability dey say di price go still de increase. Bitcoin de volatile and di price movement fit to change at anytime from pump to dump so di investment on the short term wey plenty profit never enter de risky.

Normally, bitcoin is not for a short period of time if anybody has money that can be used in a short period of time. They shouldn’t invest in bitcoin; if not, there is a high possibility that they will lose that money. So for the newcomers who invest and expect a return in a short period of time, I think it is knowledge that they don’t have. They don’t have the knowledge of how the how the bitcoin market works. They thought because they heard people saying bitcoin is a profitable investment and they can invest and cash out at anytime, which is not true. 


DCA is the best method for bitcoin investment, especially for people earning monthly or daily or people who invest often in bitcoin. It makes the calculation of how much you have invested very simple to do, and you won’t get confused. Also, while investing, you will quickly know how much you have in bitcoin, but regardless, invest the amount you can afford to lose.

If anybody get money wey him go use within a short period of time, then e better make d person no even put am for bitcoin because e fit no end well. E just better make we leave money wey we wan use for naira inside our bank, or make we leave am for stable coin, but no put am for bitcoin. E fit be say na when you go wan commot d money na him bitcoin go dump, the price wey you go sell d bitcoin go don dump by then, so you will be selling at loss. If you are not investing for long term, then you have to be very careful when investing.

Na orientation most newbies Dey lack, most of them Dey reason say bitcoin na get rich quick scheme, dem believe say if dem put money, within a short period of time, their money go don grow well and things don’t really work like that, and na y e Dey easy to scam newbies.

For this recent dip, my niggas laugh me wetin no good as them see the way the price dey go down with full speed, them even dey pressure me make I sell  because according to them, say I don enter one chance, but me I no reason am as I know before say na so em dey be. I even try explain give them say all these things suppose come before bull run go start, but the more I dey straighten them, the more them dey reason am say my head no correct, so I just comot mind for them as I dey sure say them go praise me in the nearest future when the bull run start.

Na very bad orientation be that, them no suppose buy bitcoin with money wey them go need anytime soon as no one know exactly when bullrun go come, so them fit even sell in loss when needs hook them for neck.

Na this advice legit pass. DCA method go save you pressure as you dey buy am for slow and steady means. You just need get your target, so you go dey purchase small small until you reach am.

Na true you they talk because people they always think say na newbies way they always go for Short term holding forgetting say majority of people way they into short term na people way done tay well well for Bitcoin investment, so make we no they always think say na newbies be the only people way they always venture that kind of investment, so true true I like waiting you they yan because the only thing way we supposed to they do, na to they advise people way no sabi the risk way they for short term or rather trading so that them go no how them go fit make better decision for there investment because plenty people done come for Bitcoin thinking say them fit make am overnight if them enter the investment

Waiting you talk na true op as a newbie that I'm I don come to notice that this bitcoin investment no be waiting fit profit person for Short term rather na waiting go profit us in the future, most of my follow newbies they always mistake bitcoin for altcoin and memecoin way fit profit you within a short term.however  most newbie self dey see bitcoin investment as get rich quick scheme, reason is because dey no wan settle down to learn how bitcoin investment works before Dem go think of making investment.  you know if you go involve yourself in waiting you know nothing about definitely you go dey see am in different ways that is why I wan just settle down to learn how bitcoin investment works before I go start to they think of making any investment plan, As long as say money dey involved person no need to Rush make we no go experience lose in the market.

some newbies on the Forum know about trading and bitcoin and other cryptocurrencies,  been a newbies of bitcointalk no mean say they be newbies for bitcoin,  some just learn about the forum new. Some are good traders wey just wan add to their knowledge about Bitcoin. So when we dey talk about hodling na for everyone here be you newbies or legend.we all need to hold some bitcoin even if you be Dailly trader. If you wan really wan get plenty profit na through holding so this thread no be for only newbies but for everyone interested in bitcoin Investment.

E no de advisable for newbies to seek for fast profit inside Bitcoin investment, make dem just de hodl am and then begin to de learn about trading if na quick profit dem need. E de better to comot mind for quick profit inside Bitcoin investment because e de volatile and price fit to pump and dump at anytime wey fit no favor di holder. Di answer to quick profit na for inside trading but e carry im own bag of risks, as you de find quick profit quick lose fit to happen. Crypto trading na for experienced traders wey don get practical experience over a long period of time, if newbies rush enter am based on the shill for social media say na fast way to make money, most likely dem go lose all dem money inside.

Omor the thing they clear, if we no get any source of income make we no think of to invest for Bitcoin and no be just source of income o, e suppose be sustainable source of income so that e no go worry us. No be say small problem come out we done run go touch our investment because no money they to use solve am. The pattern wey ah done keep na him still de make me fit invest inside Bitcoin small small.

For inside that year 2021 some wey invest no still touch their investment too. While some fear con sell. And na only those people wey sell that time na him come later regret. The people wey keep their own by now they rejoice say they no sell. My own be say no be to invest o, we get patience?

No be only newbies dey invest in bitcoin for short term, plenty experienced people na trader when dey buy bitcoin to sell and make fast profit. Although e good to advise newbies to put attention for long term hodl rather than looking for quick profit because na this one go help them more. The experience people don already learn trading and plenty other ways of earning profit from bitcoin wey the newbies them never learn so them fit dey make mistake untop am come lose their money.

Many of us wey don trade before know as we lose that time and if to say person give us the orientation of holding from that time till now, we for get better bag of bitcoin now. Even if person wan trade or buy for short time, e good make the person make another arrangement to take hodl. The two fit dey go on at the same time.

That is why they need to understand bitcoin well first before investing in bitcoin so that them no go confused themselves again. As you talk am na so many newbies dey do once people tell dem say bitcoin dey make money, na so dem go rush invest thinking that dem go get better profit within 24 hours. But dem no know say na something of volatile wey be say dey go up and down. And di best time to invest in short term na di time of bull run and not in the bear market. And now dat di price dey $55k sef e no good to invest for short term but na long term.
And anyone wey dey invest for bitcoin now na to invest foe long term and not foe short term. And according to Brainboss na because of the gambling gains and di Ponzi schemes wey dem dey get sharp sharp money dey make dem to think say bitcoin say e dey like that. And w no good to use money wey one want use to invest in bitcoin because you no go reap am within few days. Investing in bitcoin means you must be patient, and must endure the long term investment period and have a specific time to sell them.

True true, no be today this general misconception don dey, especially for most of these newbies wey just dey lap the crypto space, them go just hear or see where them talk say Bitcoin investment na e sure pass because you go just put your money inside, then wait small, Bitcoin go rise, gbagam, you cash out big time, lol.
Although na true say na like that e supposed be, but them fail to realize say for every business e get things and things wey dey involved, people wey dey enjoy for the Bitcoin matter today no be clear eye, wetin I mean be say their eyes don see many many things and as e be like that, them don Sabi how to take dey manage dey navigate the market make them no for go loose guard, so e no possible for newbie to enter today (without doing the due diligence) burst everywhere tomorrow, na only for film those ones dey happen.
Make we for dey try use our head dey reason well.

Wetin you talk na true talk walahi...
Ever since I learnt about Bitcoin matter, and the potential wey e carry, na so I tell myself say na here I suppose dey, salary work no be for me, although my holding never reach where e supposed reach due to say my income level no really high like that, but with the small small DCA I dey do every week, iffa look my portfolio i dey smile because assuming say i been dey wait make the money for plenty make i lump-sum or I been dey reason my small income flow, i for no fit do anything, but like my teacher talk when i dey secondary school, say na small small them dey catch monkey, and with DCA i dey catch the BTC small small.

For me, a prepared newbie should be aware of the market before considering investing in Bitcoin, some newbies came into bitcoin as result of what they heard from their friends not knowing that it might not be easy as it is been heard, I'm an advocate of individual decision in bitcoin investment but i still believe that an intending investor needs to preapre themself for a longterm investment, every beneficiary in Bitcoin, has been in the market for a long-term, although it is not as if a shortterm investor cant benefit, it is just that your expectations as short term might be unrealistic because the  expected events that triggers profit may not take place during your shorterm holding and you may end up being disappointed, so op your advice is in line with the concepts of Bitcoin, I think with this kind of orientation every newbie that really want to be a beneficiary would have understood the best term to hold for in other to get the positive effect of Bitcoin investment.

Let me just relate this your message to the short dip that is happens recently, just imagine that you bought Bitcoin now for some kind of short term hold thinking that since Bitcoin was already $62k that it would be maybe go up abit to $70k or $72k  then you probably sell off and get the profit and then you wake up with the price shifting down more to even $57k, I believe if you are not strong enough you would probably sell off with the fear that it won't pump or maybe the time frame in which you had for the investment might have elapse and sold at that $57k which indicates a big loss for you. That's why going with the short term investment mentality in Bitcoin is really never the best option as it is always better to HODL for long to atleast get a tangible profits to your investment in the future.

Misconception say wetin dey happen here na only gambling and ponzi scheme na wetin make people dey believe say dem fit invest money today and become dangote tomorrow. We dey believe everything wey we dey see for internet say this person make like this amount and like that and we go just think say na so e be. Sometimes self I no dey blame the newbies  again because na the lies wey dem tell them to make dem use their referral code register for some of this exchange na wetin make them dey believe say the industry na where to not take am serious and just behave like say dem dey play bet9ja.


You no fit dey wrong with this method, e sweet pass when you get work and you dey get salary. Even though you no get salary work self but if you dey receive money and you fit plan yourself well on how you go dey run the monthly investment, before you know you dun put better money for the market than to they wait make you get better block to use buy one time. DCA makes investing in Bitcoin simple and more profiting, just know that one and sha only dey invest money wey no go too much for you if you lose am.

Most people always like to dey swing trade with their bitcoin , because anything way be short-term, are mostly identify as trading because trading nah mostly deal with short-term profit. While investment nah the main main that's when one is talking about long-term holding of Bitcoin is mostly years . And for one to gain better profits from that long-term investment one need to think of ways he or can sash enough bitcoin for their portfolio.

Because if you no hold better quantity of bitcoin your profits might not reach anything. For instance imagine say person dey hold just $10 worth of bitcoin this time around wey bitcoin price big like this ( and more increase in price coming very soon). So that $10 go give like 0.000172 of bitcoin base on the recent price , so that person con manage hold am reach when bitcoin price hit $100k , the person go only endup with $17.2, so you can see that the profit nor too nice because of the low quantity of bitcoin stash so if you fit better stash of bitcoin and bitcoin hit such price range ($100k) you go endup with nice ROI.

On a serious one, bitcoin no be cryptocurrency way person gat buy for a short period holding, you go only the wound yourself and time wasted too say na small money you take the hold for bitcoin the find better profit. Na for long time hodling na there you go fit make better profit with bitcoin onto say you go still gat to use better money invest am.
Na altcoins na dey go well for short term holding and nah there the quick  profit dey even with small money but nah no go area for any newbie or person wey no get money wey him go fit afford to lose cause the risk for altcoins it too high. You fit even go jam coin wey go just dump no rise again or rug pull, nah make people the avoid altcoins but na there the RBS dey for people wey no get shishi to use buy beta amount of bitcoin except say you wan dey do DCA.

Then the title of the thread for just be "Long term investment for newbies". I think  you done try by passing out the necessary information. Though I done see similar discussion for other threads, but I think by making this thread, you dey help me and others remember watin we done learn, which I will commend you for that.

And as for this part wey u specify say :

I think e go dey quite complex, since no be every newbie go fit dey consistent on such approach, because no be everybody go get continuous stream of income to take do regular DCA. Or e get any other method wey u fit suggest to Newbies wey no get better source of income?, but dey see money once-once?.

I think a lot of people are confident in the market and buying more despite when it's obvious there is a double top as stated by some traders but because some people think we have not experience real bull run yet but it will be down on our eyes that this will be the last all time high we will see in this circle or I maybe wrong, people that actually think the bull run is yet over will benefit later if the market rebound but the risk is higher, it's better to wait for it to go down more.

I wouldn't even advice DCA yet, not because it's not a good strategy but because Bitcoin price is way to high from the supports we have, there is major support around $38, it would be a good but if we put some orders around that range and any further decline DCA will be good from that moment whether we later go up or down, it's going to be a win-win but it should never be with the emergency funds.

I agree that bitcoin is one of the best investment platform but disagreeing with you that anybody can cope with it while emphasized on the volatiled potentialities where it drives emotional investors crazy when the market gues Dip.
It's also not abominable for an investor to indguge on short term aside long term. We're Just in this same industry with the same goals but different strategies on how we can meet those goals.
I specifically agree with you that the strategy to venture at the safer side in the crypto markets can be unknown to the newbies which may have them those excitements that once you invests on bitcoin you automatically becomes rich without.
Literally fails to adhere that the bitcoin industry is most favourable on long term holding and accumulating at when is best affordable for various investors.

DCA na term wey we de use for Bitcoin investment and di meaning na Dollar Cost Averaging. Na method wey investors dem de take buy Bitcoin periodically, e fit to be weekly or monthly, as e go take de convenient for you to de comot money on a particular dates or time to de buy Bitcoin. A Bitcoin investor wey wan do DCA method suppose to get atleast one regular source of income to de get money to buy Bitcoin.

One of the advantages of DCA method be say Bitcoin na long term investment, so you no go worry or panic to sale your Bitcoin wen di price de dip. You no go worry about short term price speculations because on di long run price go always increase and reach new ATH (All Time High) and plenty ROI ( Returns On Investment) wey be plenty profit go add to your investment capital.

E dey good say when u get interest for something try find out how de thing dey work, so u sef go get brain on how e dey take dey work. Before we put our monie inside any investment, make we ask questions get information for our sef first before we go put our monie so that our monie no go loss inside. I don see am say some of all this bad bad talks wey people dey talk about bitcoin na result of people wey no understand how Bitcoin investment dey, dem no get Knowledge dere mind think say if u put ur money u go get profit instantly but ee no dey work like that. Our money dey important to us well well so ee better make we put am for investment wey we understand so ee go balance with our expectations.

If u dey put money for Bitcoin, dey expect say u go get profit or take am back for short time ur calculation dey wrong. Unless u dey trade bitcoin, and trading no dey advisable for newbie. If u wan invest money for Bitcoin make u get understanding say Bitcoin price no dey steady ee dey move up and down that's y dem dey advice to invest for long time with good plan like DCA so that benefit go come.

Bitcoin no be short term investment,even if most newbies wan invest their fund into Bitcoin dem dey get the thought say when dem don invest their fund the price go increase the next week or month,dat one na just deceive dem dey deceive themselves.Every newbies suppose do their own research know say Bitcoin no be get quick rich scheme,and so Bitcoin no be stable currency, Bitcoin dey fluctuate you fit buy Bitcoin when the price dey $67k just to wake only to see sey the price don drop to $63k.E dey important to note say make no newbie go save e moni put for Bitcoin dey think say the moni go dey increase every seconds that one na big lie.Many people don see the reality,I dey hear of cases wey student dey invest their school fees for the short term with the mindset say the coins go profit dem for the short term and when price continue to decline for the short term na expectation=regret dem go see.

I always object newbies to first understand and grab quite a good amount of valuable knowledge about Bitcoin. Depends on how people might see it, but personally Bitcoin is an investment and it should be treated as such. We don't invest and in the run get to tamper with what we worked to put together. Before investing there should have been enough readiness to solve every financial need that may arise that is were the emergency/reserved funds comes in. The market could be red aswell be green but rest assured we often get to see investors make good fortunes from their holdings.

@Obari is not the OP. OP means the original poster, the owner of the topic thread.

Investing in Bitcoin for short term is a wrong move , in order for you to be more profitable in Bitcoin investment, it has to be for long-term within 5 years to 10 year or even more, with sure mindset,you have to plan your other aspect of life too ,so that it will not affect you during your investment period .

 As a newbie rushing into investment is wrong, and that is why you rush out ,you need to get yourself prepared by having alternative source of income in other for you to be stable while investing.As a newbie,you need to start with DCA Strategy which is the best for newbies, where you buy and accumulate gradually, until you have understood the processes and various strategy that you will decide the one that will be convenient for you.

OP no really vexs ohh I no no if this thread na the correct places to ask this question which one be DCA what the meaning of it in terms of crypto.

Op you don try for this your thread and I sincerely appreciate your effort to bring something like this but I wan also let you know say, irrespective of wether investor wan do long term or short term, wetin really master be say, you Dey make profit and you Dey only invest the amount wey you fit afford to lose.
A lot of newbies Dey enter the cryptocurrency industry with the very wrong mindset of ponzi where they expect to make profit as soon as they invest a little amount but the reverse is always the case as they at some point even get liquidated.

As a newbie, the best approach is using DCA so you wouldn’t have to get stressed trying to invest.

If anybody wan really get better thing for their investment in Bitcoin then having the mentality of saving your coins for long term na the way forward because if na because of watin you hear na make you come rush use your money put hoping say you go get profit with short period dem you are likely going to lose because Bitcoin is an investment that worth better and done safely if it is done on a long term basis. Just forget about any quick quick money idea wey you get because the volatility of Bitcoin fit fuck you up especially when you don already put target say na so so time you go actually get the profit.

Well sometimes you no go blame these newbies sef because na lack of orientation or if at all you wan blame dem e go be on the aspect say dem no really get the patience to actually research about watin dem dey get involved in and the reason why I say this na because say many of them sef don actually place Bitcoin investment as something wey you fit just cash out now now now (GET-RICH-SCHEME) which na very big lie. If anybody really wan get better profits or promising growth for their Bitcoin investment then the person go gats know say him gat hold am for long term.

My OP I agree with wetin u yan ohh most newbie dey always think say bitcoin na something wey u fit invest in today and then com back tomorrow com cash out, but I gist there's is more to it ohh, that your friend just be like me years back too, when I been no no anything about bitcoin all my through be say I go just drop money then e go pump then I cash out but far from it, in just this little words I go Express bitcoin investments to the newbies" The patient dog go eat the fattest done one day" this dey try tell you say if you no dey patient you can not invest in bitcoin.

the thing is that within an interval of 24 hours, it's less likely that Bitcoin will go as high as 5× or 10× of its present value which would have placed an average newbie in a massive profit for the short term. At the early phase, Bitcoin experienced those kind of bull and although we hope and speculate such kind of things playing out, in the real sense it might not play out that way and what we might likely witness will be a gradual bull that would most likely not happen too sudden.

Once you're investing your money for the short term purpose your expectation wouldn't give you rest of mind and any thing that appears like a bull will seams like a perfect moment to sell while the bears that are supposed to be moments of buying more Bitcoin could tense you up.

this isn't just for newbies and sometimes when we talk about newbies, we paint the picture as though they are the only ones that don't know how to do things the right way. Regardless of how long you've stayed in the forum or the general Bitcoin sphere, if you aren't investing the right way and using the right strategies, you're going to face the same fate that's peculiar to the newbies.

Many people dey miss this thing, dat why even if aggressive buying dey good somehow, na who get where to fallback to wen market nor move as he/she plan go enjoy bcos dem fit HODL till bitcoin price raise again while  others way dey buy without no place to fallback to, wen need be go sell for even lost just to survive even if they know say the price go still raise with time.

This na one reason why them always dey talk say nor invest all your money for bitcoin, inside  2021 people speculate say bitcoin go reach $100k 2022 but external factors cor affect the price market cor dip well well, people sell for lost but nor be all sell bcos them nor know the truth but bcos dey invest too much (aggressive buying) and then Market nor cor go as they plan so they go sell for loss just to cover expenses while we know those wey buy even at the ATH 2021 and HODL don even gain m this year while if they continue to buy the dip join watin they get before them go for gain m well well.

Wetin you Yan na true, person wey wan invest for bitcoin no sopos use Moni wey e wan use do something wey dey temporary come put am for bitcoin. Because if na money you wan use for important something and E come drop, you go dey put Bitcoin for your prayer point make E just go back to the price you carry buy am make you recover the amount wey you don lose for the short period of time. I get friend wey wan use him money do business, but base on how E dey hear as people dey Yan too much about bitcoin him come carry him business money go am for bitcoin, for that time bitcoin dey $70k bitcoin fall to $60k naso him business money fall, naso E no dey sleep. every day na to check if bitcoin don manage reach $68k but E no gree. When bitcoin manage reach $70k, out of greediness him dey wait make E climb above $70k to maybe $72k, before him know btc don drop again since that time him never gree to sell the bitcoin because If E sell am now E don lose. So as you talked Naim be the koko. Who no say E no go fit bear to invest for long time no sopos use him business money or any urgent money go gamble for bitcoin for short time. Though the person fit gain sha but the risk dey high too.

Bitcoin na one of di best investments wey anybody fit to enter but many newbies no know say e de better to hodl am for long term. Unto say Bitcoin de volatile dat na why e de advisable to hodl am for long term because na store of value wey de take long term to reach new ATH price and give better ROI.

But I don notice say many newbies wey I know for Bitcoin matter no get knowledge about how e de work, dem de buy Bitcoin with money wey dem wan use on the short term because dem hear say e de profitable. I believe say na only wen we enter bull run proper wey Bitcoin price go de surge steadily na im investors fit to take chances to invest money for short term profits.

Nobody know exactly wetin Bitcoin price go be in di next 24 hours, weda e go pump or dump, na only speculations and predictions we fit to do. Dat na why newbies need to understand say e no de advisable to invest in Bitcoin on a short timeframe because di price fit to dip wen dem wan use di money. Invest di amount wey you fit to put aside, preferably do DCA method and no plan to sale am on the short term. Na my advice to newbie investors.