A little research can change your life

[Asiska02]

Many people dey approach the bitcoin market based on the way them get understanding of the market but not based on the way them suppose approach am. The market dey very broad and we all use different ways take come into the market to also be part of the bitcoin enthusiasts. I like as many of us they see the market on different perspectives, it opens our horizon to know more on the pros and cons of the market.

As an investor, it is important to have heard a research about the investment you want to venture into, and if you’ve made the research very well, you would know that long term investment is the best when it comes to Bitcoin investment.  Short term investment are for gamblers and those that want quick profit in the market makes them to be more susceptible to risk. Whichever method you tend to use for the market, use an approach that will make you feel safe with your investment and not panic into losing them.

[Makus]

In the current situation, about 60% of people are focused on short-term investment. When they lose all their money in short-term investment or trading, they get very broke and they start saying that all this is fake. The risk of losing your money in short-term investment is much higher. Nowadays, many people start trading by watching trading videos or hearing from someone, they never research these things to see which one will be good for them. If they did a little research before stepping into this trading, they would never have traded and would not have lost their money in trading.

If a person makes long-term investments, such as buying continuously based on his stable income, then his chances of profiting from his investment are much higher. If a person sets his goals before investing, such as how many Bitcoins he will accumulate in his portfolio, how long he will hold his holdings for, if he plans to invest in all these aspects and holds them for the long term, then he can benefit from his investment.

Anyone making short term trades must first understand that short term trading is risky due to indecisions in the market  and some temporary movements caused by manipulation from whales and economy news. I can't say for a fact that trading is absolutely bad or a wrong thing to do because some people make good money from trading, and if anyone must trade, then they have to stick to the plan rather than getting overwhelmed with the little profit and forget to close when their targets have been attained. But this is where long term investors have greater advantage Over short term,  as a long term investment little price changes shouldn't be a problem to you, because the goal Is a for a long time, could be up to a decade.

[Smartvirus]

Many people dey approach the bitcoin market based on the way them get understanding of the market but not based on the way them suppose approach am.

Obviously that’s the case and frankly, na so e suppose be. You no go expect person to approach the market with methods way en no Dey grounded in, that would only lead to more and more confusion. Our people say, “them no Dey use another person eye sleep o”.
Either it’s the way wey them suppose use approach the market or not, the good part to whatever method always is:

Were you able to succeed with the method? If yes or no, what’s the lesson you learnt from it.

Na the bottom like to whatever method you use be that. If people pursue short term gains and them see am say, e lead them to more losses in the long run, then they’ve learnt a lesson. Same applies to when you make your investment based on long term gains. You learn from your approaches.

[Oshio-man]

If a person makes long-term investments, such as buying continuously based on his stable income, then his chances of profiting from his investment are much higher. If a person sets his goals before investing, such as how many Bitcoins he will accumulate in his portfolio, how long he will hold his holdings for, if he plans to invest in all these aspects and holds them for the long term, then he can benefit from his investment.

Long-term investment is more profitable than short term investments, but if u don't have d money to carry out long term investment, u can start short term investment with little money. Research is very important in both long term and short term investments, and it will make u to understand more new things that will make u to believe in one particular strategy that is profitable, buy low and sell wen d price is high is a common strategy has lifted many traders and investors because dey got d strategy through research.