A little research can change your life

[Gost ms]

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.

[Obulis]

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.

Short-term investing has high risk that usually causes serious losse. In contrast, long-term investment, mostly with a planned strategy like accumulating specific assets for a long time based on stable income, significantly multiplies profit potential. Defined goals are crucial for a successful investment, likewise making thorough research. Knowing who to take investments advice from and so on...

[Mate2237]

One thing that makes people to rush into trading without having any rudimentary knowledge about trading is the will to make money quickly which to me is fueled by misinformation that they have gotten from people which is not true so doing a proper background work of what they want to go into will be of great help because it will help in making sure that people who lose their money while trading will be reduced



People should invest in knowledge because knowledge they say is powerful so when it comes to trading whether forex or crypto trading a proper research will be helpful because trading is more than what it looks like in the surface

[Egii Nna]

Coming into trading without adequate knowledge, research, or mentorship is just like jumping into the river when you don’t know how to swim. That is why many people tend to lose their money, and by the end of the day, they start viewing trading as a form of scam.

In most cases, people get involved in trading thinking it will bring an end to their poverty. They keep chasing their losses, hoping to hit a very big trade and make it in life, but that’s not how things work.

Whether you are willing to invest or trade, you need to undergo a series of lessons and conduct proper research. This will serve as a source of knowledge, helping you truly understand what you are getting into. Unfortunately, most people overlook this part and believe they can succeed in trading just by watching YouTube videos.

In both trading and investment, patience is key. Without it, you will hardly see any profit.

[fredericktaylor]

Coming into trading without adequate knowledge, research, or mentorship is just like jumping into the river when you don’t know how to swim. That is why many people tend to lose their money, and by the end of the day, they start viewing trading as a form of scam.

In most cases, people get involved in trading thinking it will bring an end to their poverty. They keep chasing their losses, hoping to hit a very big trade and make it in life, but that’s not how things work.

Whether you are willing to invest or trade, you need to undergo a series of lessons and conduct proper research. This will serve as a source of knowledge, helping you truly understand what you are getting into. Unfortunately, most people overlook this part and believe they can succeed in trading just by watching YouTube videos.

In both trading and investment, patience is key. Without it, you will hardly see any profit.

You are right. In most cases, people invest in Bitcoin without advice and research and they think that Bitcoin will make them rich quickly but in reality it is not like that. to invest or trade in Bitcoin for the long term, you have to invest consistently and follow the rules first. Newbies are mostly encouraged to invest in Bitcoin through videos on YouTube but to make the investment successful, specific knowledge, research, strategy and patience are very important otherwise it is impossible to achieve success.

[Fiasem20]

Conducting research provides in-depth knowledge about any subject we choose to explore.In Bitcoin investment,it's evident that long-term investments tend to be more profitable than short-term ones,while investing is generally less risky than trading.Many new investors fail to conduct thorough research, leading to regretful decisions later on.Trading isn't about impulsively jumping in after watching a YouTube video showcasing an influencer's success;informed decisions require diligent research and a well-thought-out approach.Bitcoin isn't a get-rich-quick investment,so investing in it for the short term may not yield substantial profits.In contrast,investing in altcoins or newer projects for a short interval might be considered,given their unpredictable nature and potential for volatility.

[Churchillvv]

I believe in action, hence I always tell myself that it's good to step in unprepared than prepare for so long and get to disappointment, when you step in unprepared you will figure out many ways and learn many lessons, have experiences, see things that people rarely see and hence you will be at advantage over someone who has been preparing and making research yet not started, of course research is good but is research better than doing it as soon as possible of course not! hence I encourage you research and take action at the same time.

[IceLincoln]

I believe in action, hence I always tell myself that it's good to step in unprepared than prepare for so long and get to disappointment, when you step in unprepared you will figure out many ways and learn many lessons, have experiences, see things that people rarely see and hence you will be at advantage over someone who has been preparing and making research yet not started, of course research is good but is research better than doing it as soon as possible of course not! hence I encourage you research and take action at the same time.

Hmm, I would rather you say step in half prepared than saying unprepared. Unprepared means you’ve made no plans and no efforts just hoping to start and learn but that’s wrong you can’t enter into the water to swim without having one or two lessons on swimming unless you plan to drown. I tend to share the same ideology of not taking long in preparation but learn as you go, Practice is the best form of learning. Whatever you have to do learn the basics and start it don’t wait till you gain all the knowledge before you can start. The best knowledges are gained with experience which can’t gain just by theory.
I support the topic a little research can actually change your life so long as you’re ready and willing to learn, you’ll do all that’s necessary.

[Cityhunter34]

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.

OP you are right because this quick money without having the basic knowledge is actually what most new beginners are experiencing nowadays. Which is very wrong, sometimes I used to wonder why people can't exercise patient and go for long term investment than losing all in the name of chasing quick profits.

However, the most annoying part of it is that after watching those movies about making money they wouldn't still do prober research before venturing into it. Hoping that what favor the first person is also going to favor them, then at least they ended up making the same mistake everytime.

[Samlucky O]

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.

No be sey those pipu wey dey trade no sabi the risk wey dey am or Dem no dey do research, but the matter be say Dem dey only do am to try luck or take unnecessary risk to see if them fit use am collect something. Wetting I see for dere be say Dem no dey get that patient to HODL For long term. Them dey see am say to HODL Bitcoin na waste of time, so wetting dey good for Dem na to dey run trade to make quick money until Dem see the matter say e no dey easy expecialy when Dem don lose. The fact be say many people need to learn from the hard way.

[GPVibes]

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.

You have a good point, it is about target and goal setting regarding long time investment like hodling bitcoin. If you don't have such target it will also be like you are trading because greed will not allow you to cash out when you are suppose to on your suppose target and at the time you will realize it, it may start dropping where you will either cash out in losses or you decide to leave it which could dump more.

Long time investment in bitcoin is good if done at the right time but if you are a late comer, you may be buying night market when others have gone.

[Frankolala]

Let these newbies not get carried away with what they see on social medias about traders making huge profits because it's a big lie. Trading is very risky and should be avoided if you have plans to have a good size of bitcoin in future. If you trade, you will run at loss in the long run. Bitcoin is best when you buy and hodli for long term and not when you trade it.

[EluguHcman]

I think you derived this factors from the emotional effects of the short term Investors who panics to sell when the market price is going down.
Also the saying that lot of capital is required for trading because you will have to stay consistently in the market for some times because the risks on trading may not possibly bring you success in the short term rather, long term goals may be more promising for the success.

But I disagree with you on the view that short term investment and trading goals is not good plans to bring success.
Either long term or Short term investment goal, what matters most is to venture into resourceful and reliable market and then control your emotions even when there is value declines just as the experience in the Bitcoin market.

So much, Short term Bitcoin investors with good investment plans are duly making it a success and take out their profits while long term goal maximizes their profits.
You can take investing on Bitcoin with good sustainability and the shitcoins were price can crash so sudden for example.

[Mehmet69]

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.

@op You are right. In my opinion, now many people do not know whether they are investing or trading. Everyone wants to be rich. So everyone starts looking for easy and worry-free methods. Then they start listening to investment. Before investing, they think about the volatility behavior of Bitcoin. Then they think if I can buy at $103k and sell at $104k, then in a very short time I will be able to make good profit.

But they do not understand that this type of behavior is called trading. Due to this type of thinking, beginners are somewhat harmed. Beginners do not understand the real meaning of investing. Only those who have really invested for a long time know the joy of investing for a long time. Moreover, beginners very quickly lose their direction, due to which they get disconnected from investing. And start calling Bitcoin a scam.

So I would like to tell beginners that first learn, understand and learn about investing. Then start investing.

[Egii Nna]

A little research can transform your life to something you never thought of because just imagine if you were a researcher in 2010 who can across bitcoin and delved deeper to know more about the whole thing. And later on decided to take a bold step to patiently wait for his investment till 2025 u will have not less than $100k as your profit jus because you research about it and know more about it and invested.
 
Let come back to present time, research will improvise you with knowledge you need to know about something let take for instance, there are many people that are into short-term bitcoin investments out there and I think why they are into such is because they think it is more profitable, while long term investment is the most profitable type of investment. If as a researcher you find out about that and decided to patiently hold to long term investments your life will probably change in the time u never expected.
 Research is a very important tool for archiving success.

[Josefjix]

I have said it before and I'll still say it again, for anybody to come into trading, they must decide to choose the kind of trader they are, short term or long term. Untill they decide what suits their view and journey, that's when success is their story.
The only thing that keep you focus is knowing these and keeping yourself conditioned into that.

Another view, you can't choose these if you haven't gotten a good mentorship around you as you said OP. Infact, in almost everything, someone that mentor you serves as your pathway to the luminous heights in everything.

[Dr.Bitcoin_Strange]

Well, the importance of doing a proper research before venturing into any investment can not be overemphasize, but an investor or anyone that is seeking for means to grow their wealth must kill fear in other to move forward, trading is risky but profitable and it's not a short term investment, the reason people keep losing money is because they want to turn trading into a short term profitable investment, but it doesn't work like that, trading doesn't make you millionaire overnight unless it's just by luck. Do your research properly and you will hear the story of successful traders telling you that they have been doing the trading for more than 2 -4 years before they finally became successful.

If you actually want to go for trading, do your research very well and if you want to hold Bitcoin, also do your research very well. But, never involve yourself in Ponzi schemes that tells you that they can make you millionaire in a few days or weeks.

[Marykeller]

Ones it's quick money, you will find some people eager to do it without doing research. Idon't know whether na only crypto such a happen d happen that people forget to do the right thing, to research on wetin d hear of from influencer for social media.

I find this kind of attitude as unfortunate one that some people don't want to learn from, not to watch before they leap to avoid making financial mistakes. Trading is known as a big type of risk to make in crypto space that requires deep knowledge and understanding. If the knowledge no d, it is advised for peso not to try am to avoid financial losses. But the quest for quick money no go allow some people to stay away from am. Them go rather prefer to jump into, to later regret their actions taken.

[Bitcoin.com97]

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.

Information is powerful and it enables people gain knowledge ,that is why it’s alway advisable to carry out research before going into any investment, many people are losing because they never source for good knowledge, even the videos they are watching or hearing it from people without carrying out proper research can also mislead them. , that is why most people are trading , maybe who they are listing to is also a short term investors , at the end they lose their money instead of buying and holding for long they end up selling and be at lost .

[Lembo69]

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.

Information is powerful and it enables people gain knowledge ,that is why it’s alway advisable to carry out research before going into any investment, many people are losing because they never source for good knowledge, even the videos they are watching or hearing it from people without carrying out proper research can also mislead them. , that is why most people are trading , maybe who they are listing to is also a short term investors , at the end they lose their money instead of buying and holding for long they end up selling and be at lost .

A little knowledge is dangerous, just like a little knowledge is dangerous. Short-term investment in the field of investment is also dangerous. Short-term investment will bring you profit some time but most of the time you will have to lose. Short-term investment is a bit like gambling, it depends on luck. But it is not the case with long-term investment, this is because if someone invests for a long time, he will face some cycles, he will be disappointed and surprised. Those who are long-term investors are profitable most of the time. But those who invest for a short time lose the main reason because they invest for a certain period of time. The crypto market is a place where people lose everything in seconds and get more than that. However, those who have been involved in crypto for a long time do not like to take risks. So they always belong to long-term investment.

Those who invest in Bitcoin always expect to make a profit. However, short-term investments cause more losses than gains. Short-term investments cause excitement and thus create mental stress. Due to mental stress, investors always make wrong decisions. Therefore, short-term investments are not logical at all.