As a beginner to this bitcoin market, I have understood that long term investing and holding is most beneficial to investors that short term holding.
But I being a beginner, I might not be affordable to hold too long because I have read about investors holding their coins for over 4 years.
Although I might be reprogrammed to long term investment in the future but I need to be practically convinced in reality based on what the market hold for Investors on long term and short terms.
As being speculated of all cryptocurrencies, they are all volatile so I am set to take my profits whenever I can and then the outcome potentials while I am Investing in this bitcoin industry would determine if I will have to hold for long. I don't think I will listen to all that advices of holding longer. We are only here to make profits and face our today's challenges and also prepares for future challenges. So I don't think that investors on the short term goals are at the wrong side because the Speculation of long term holding is excessively making it feel like short term Investors are on the wrong decision
Nobody is saying that short term investment cannot be profitable for you but the chances of making that huge sum of money you’re anticipating to get when you put your money into bitcoin can only be realized if you keep them for a long term. The market is volatile and moves to any direction it wishes at anytime, but it is certain that after some certain period of time, a time will come that it will be on the upward trajectory that will be beneficial for all. That period doesn’t last long and it’s the bull period.
Between the bear season and bull season, a lot of changes happen when bitcoin can go up or come down within a short period, those are the times some short time investors get their profits from the investment and due to the high risk of volatility and been in the bearish period, that is why it has been advise to stick to long term investment rather than the short time the will make your investment worthless.
Its not for everyone, especially those who cant stomach a little risk. The day traders arent the true winners here, though. They see the big picture. They are aware that there are other aspects of Bitcoin than simply getting quick money.
Bitcoin is about trust. Its about removing the middlemen and giving the people control once more. People, its a revolution; you can either join it or get left behind. Long-term ownership of Bitcoin goes beyond simple asset investment. Your investment is in yourself. You are funding a future in which the system functions for you rather than against you.
This is no quick-rich scheme. This is about development of the individual. Its about seizing charge of your financial future. It has to do with trusting something greater than yourself. Thus ignore the noise. Think long term. It will, I promise, turn out to be the best investment you have ever made.
