The first thing you are told to decide when you are going to jump into trading the bitcoin market is your attitude when it comes to investing. Do you want to make money fast? Do you think that bitcoin is the future and holding it long term is the best option? By understanding your investment period, you can find out which trading strategy is more suitable for your needs. If you're someone who thinks bitcoin could be worth millions someday, then you're probably going to stick with a long-term strategy. If you only intend to profit from bitcoin price movements, this is very suitable if you use a short-term strategy.
In my experience, I think this depends on each other's perception because it is possible for some people to use a trading strategy, both for daily trading and for scalping, but I think if you look at it from the side of long-term investors, it doesn't really matter because Indeed, what I see from long-term investors is that they don't really care about temporary corrections and don't really care about increases and decreases in the daily timeframe, they only focus on long-term prospects that are indeed their target, whether it's 5 years or 10 years. they are just aiming there not caring about the ups and downs because they believe the long term is very good.
- Somewhat selfish and personal bigotry, athough I know each person's wishes are more important than personal selfish desires but human personality is governed by our inner surge and it doesn't help us in crypto trading, refine each ratio and adjust each strategy but a little surge inside ruined it all. While on the investor side are just the most ordinary gestures of a person, not elaborate and flowery about the plan, just quiet to go to the end of the horizon, so I think this horizon is something better than the rhetoric of trading
Well, quick profits investing in BTC is possible, but only if you have a touch of luck, that is, if you buy BTC at $ 46k, you can move it up to $ 64k even much more, some think it can reach $ 100k, in fact according to some economic models it is established that it can reach the target, according to the S2F model.
Now, investment is based on or its fundamental idea is to buy and wait as long as necessary until it makes a profit, and this is where the attitude of many investors comes in, some enter but exit the investment even in less than that it was reversed and there is the error of many, they do not know how to wait or have patience.
The best investors when they put money, they only follow up, and forget about that money, they only look for profits regardless of the time that has to pass, at least in the stock market it is like that, since it takes around 8-10 years to make An important movement, while not in BTC, it takes at most between 3 or 4 years, after completing its accumulation phase.