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Author Topic: Do you see Bitcoin as a short-term hustle or a long-term opportunity?  (Read 469 times)
TokenTikas
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Today at 01:54:55 AM
 #61

Both short-term and long-term approaches offer chances to make profit, as both are possible but if you focus on the short term, it tends to be more risky, while the long-term approach is more stable and easier to manage. Long-term planning gives a better sense of assurance, whereas short-term strategies come with higher risk, even though some people who understand bitcoin and the market very well can still make profit from it. Personally, I do not prefer taking high risks, so when it comes to bitcoin, I give more priority to the long-term approach.

BitBakerr1
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Today at 02:21:49 PM
 #62

Short term bitcoin investment, which is also known as trading is something that people are using to make money and it is working very well for them. However, the risk is too much a lot of people are losing money day by day because of trading and so it is advised to only focus on long-term bitcoin investment however, if you can manage the two at the same time comfortably, then you can do it, but I will advise that if you are trading use only 10% from your discretionary income to trade then use the rest 90% for a long-term investment. If you are doing this, you will not have any issue in the future but if you decide to use 50% from your discretionary income for trading and 50% for longtime investment then you will get yourself into a big mess, your financial status will be affected so to be in a safe side use 10% for trading and 90% for long term investment.











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Wiwo
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Today at 03:30:42 PM
 #63

I know many will belike I see bitcoin as a longterm opportunity (which actually true ). But it can be both , let’s be real to ourselves there are folks at there making money from short term market wave while still having some Bitcoin stack in their wallet for longterm gains and stuff .
You mean to say the leverage trader's, yes this are set of bitcoin investors who gamble on the price of Bitcoin,  their are not actually investing in bitcoin since they dont buy bitcoin directly, but just owning a multiplier position in bitcoin,  the risk with trading is that even with your knowledge of the market, short term market uncertainty via volatilities could put you at risk of losing.
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Where folks missed it is focusing on shortterm alone, while you can actually do both yes it may not be for everyone only those who are knowledgeable to take good advantage of bitcoin . There some folks at there that are equipped with both fundamentals and technical knowledge about bitcoin, and some are even using that knowledge to make shortterm profits by trading (even making use of spot trading ) , yes it come with high risks compare to that of holding but (Life is inherently risky).  If you endup getting the hang of it , it can help improve your bitcoin accumulation.

This space is filled with various opportunities but how are you making use of it.
For the newbies, trading the Bitcoin spot market is the most appropriate and less risky.

Those with knowledge can speculate the market via leverage positions for short-term gains, but should be well-grounded with various trading techniques and skills to succeed in that market.


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