Do you see Bitcoin as a short-term hustle or a long-term opportunity?

[I_Anime]

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 .

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.

[Obim34]

Do you see Bitcoin as a short-term hustle or a long-term opportunity?

Everybody will answer from their own perspective, if we place the both terms, long term and short term, the one that has a likelihood of most successful entries will become the most talked about and because of it's profitability over short term, it will become the most mentioned and discussed.

Short term also have disadvantages, which involves the risks in trading Bitcoin, considering (losses and gain), there is always a risk factor of losing funds, while long term is close to certainty as long the keys are kept safe.

So, I consider Bitcoin to be profitable and less risk free during long term, and some how profitable for short term but has a greater risk involved. It falls in a matter of choice and able to bear the outcome.

[Gost ms]

Doing this is very risky, if a low income person does this, then if he faces a loss, he can face a very big financial crisis. Many times it is seen that due to the profit, they become greedy and focus on trading instead of saving Bitcoin. This is the matter of taking oneself towards trading and going in front of the lion and saying that eat me. No one can ever handle the greed of money, no matter how wise a person is, whenever he sees money, he may become greedy. We always need to maintain distance from trading.

The best way for a person is to continue buying continuously and hold it for a long time. The risk in long-term investment is very low and the possibility of losing your money is very low. Whenever a person tries to step between two boats, he may not be able to manage either one properly. So it is best to focus on one side. And the best way for us to survive is to take the less risky and profitable option in the future

[Donk1]

​Well if I may say yeah true A Bitcoin enthusiast can both be a long term holder and a short term trader, but perhaps it would need a lot of effort and consistency to be psychologically balanced in both areas of Bitcoin.​That said I like to believe that it's not bad to focus only on short-term gains basically. As a matter of fact, with the right knowledge, psychology, and analysis, a person can make more money from trading than they will do in their long term investments.

​Furthermore true doing both is actually the best way to be balanced as a Bitcoin enthusiast because while you are holding for the long term, you can as well make profit/ reward and loss/ experience daily. That's why one must be ready to take the risk because without risk there would be no rewards. Overall the crypto space/Bitcoin has an unlimited opportunity whereby one can make profit. So yeah making use of these opportunities requires a lot of sacrifices and commitment So to me the best way to make use of these opportunities is to study and learn more about the Bitcoin technology That's all for me bro......

[Joy- maker]

I agree with you that this crypto space is fill with opportunities, but how people are making good use of those opportunities shouldn't be your concern.

You mentioned trading as one of way people are making quick money in this space. Meanwhile, the same way trading is a quick way to make money in this space, it is also one of the quickest way to lose money in this space. Note am not saying trading is bad, but it can reduce you to zero when you approach it the wrong way and with the wong mindset.

Those who wish to trade their Bitcoin are free, but I rather accumulate Bitcoin and hold for long term instead of trading it, because trading is very risky, In a twinkle of an eye your money is gone. So I chose holding over trading for my own sanity.

[Hatchy]

This space is filled with various opportunities but how are you making use of it.

You can choose to see bitcoin as both long term and short term investment. It all falls down to your knowledge. Most people today believe that bitcoin is meant to only be held in wallet on a long term. Yes it is, but that is not the only aspect where bitcoin can play a role in our investment life. Short term traders also makes money from same bitcoin market. The only difference between them and a holder is that they don't have to wait for a long time to get their profits or losses as well. They only have to be right with their predictions of the market direction and make money on a short term..

[Jubilee58]

If you want to gain good reward from bitcoin investment, long term investment is the key. In this case you just have to invest your money with long term investment strategy.
To succeed in bitcoin investing, you need patience. The impatient investors don't always get it right.
There are people who trade Bitcoin on daily basis, these are the impatient people and trading is very risky and you can loose even all your money to trading unless you posses the required trading skills.

The most successful bitcoin investors, are Long term investors, they have accummulated Bitcoin for many years, and have kept Bitcoin in their own wallet for more than a decade. The more you are patient with your bitcoin investment, the more you gain more reward. But when you invest in Bitcoin for the purpose of making short term profit, you might likely miss the opportunity of making the right profit from bitcoin.

[Cryptomultiplier]

It's a good thought you have put out, OP and I think Bitcoin can both be earned as a passive income from short term investment like freelance jobs, quick spot trading activities and even selling of tokens and swapping altcoins gained from other activities to Bitcoin.

How one earns their Bitcoin is limited to their scope of reasoning and backlog of information at their disposal, which of course is a product of indepth personal research, which is why I concur that Bitcoin could both serve as a short term hustle or a long-term opportunity cost with gains.
Without this mindset is the best option to DCA or hold long term so as to reduce risk of loss or liquidation or something like a scam or wrench attack.

[Frankolala]

OP if I may ask you, how much have you made from short-term investment. If you haven't, then don't say it as if it's easy because that's a weong way to progress in the cryptospace. Long-term investment is the bomb because it lowest the risk of the volatile nature of bitcoin and it gives you the opportunity to buy more bitcoin with DCA overtime.

[Stalker22]

Absolutely!  You can do this, but it does not happen often, at least not in my experience.  If you have the technical skills and the appetite for risk, you could absolutely use short-term market fluctuations to increase your stash of bitcoins.  However, for the average person, "trading" is simply another way to gamble with your money, but with a few more steps involved.  Although life is full of potential for loss due to risk, it is important to understand that many individuals would not be able to afford a loss on their bitcoin due to believing that they were able to make money trading.

Have you actually tried splitting your stash into two separate piles to see which one performs better over time?

[Hyphen(-)]

OP if I may ask you, how much have you made from short-term investment. If you haven't, then don't say it as if it's easy because that's a weong way to progress in the cryptospace. Long-term investment is the bomb because it lowest the risk of the volatile nature of bitcoin and it gives you the opportunity to buy more bitcoin with DCA overtime.

That’s the same question I am also about to ask OP, but I then remember that some people with bigger capital can actually make some money through short term trading especially if they buy much, but the profits will not be that much because the Bitcoin price has been in one range for long and I don’t expect much profit for short term investors unless future traders with higher leverage which also think will lose money well because it is very risky.

I see daily trading or short term trading in Bitcoin as waste of time in my opinion, it is just a stress in my opinion because you have to take your time to keep monitoring the crypto market always just to find entry and also monitor it to take profits. Unlike investors who buy and hold for long, you don’t need to monitor the price, all you need is to buy and hold using any method you wish.

[Churchillvv]

When you say short term what duration is that? Full blown cycle can be a short term, and months or weeks can also be short terms it now depends, however in my own experience, you can do both but I prefer doing the 4 years kind of short term which I will always be part of, but bitcoin now, save it for the next bull run sell, buy again next bear market and sell bull run, that’s short term but then you still have the once you bought for the long term with you, hence you keep them until the time is due.

[Jegileman]

Some are really not interested in the long term or short term concept of Bitcoin, what they’re just interested in is if they can make money from what they’re doing or not. If they risk small or big amount of money, can they get the result for what they’ve risked, that’s what their most concern is at that time. What matters most is can I get value for the money and time investing into this? The range to which they’ll get profit doesn’t matter most of the time. Investing to some people are long term gains for investors and trading are short time gains for traders who are looking to have a means of making money through Bitcoin again.

[Jaycoinz]

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 .

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.

There is always the power of choice and if you venture into using it via any means and it suits you very well then what's the essence of changing but the fact just still remains that with buying on a long term you will have bigger opportunities and greater chances of actually making good profit in the future coming. Am not writing out the fact people won't make from short term deals and trade but the risks involved is just a little higher with short trades.

[Tonimez]

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 .

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 me I choose to handle bitcoin as a long-term holding because I don't have the strength for trading. Bitcoin has taken many years to prove itself to a level that is almost beyond doubts. We're going fastly into a world of digital economy, anyone who embrace the innovation will flow with it while anyone who decides to ignore it may regret soon. Bitcoin as a long-term asset implies that an investor has to HODL for at least 4 to 10 years time and even more. When you hold for a long-term, it does through several cycles and gives rise to several all time high that would cumulatively grant you the financial liberty you have been looking for.

[I_Anime]

I agree with you that this crypto space is fill with opportunities, but how people are making good use of those opportunities shouldn't be your concern.

You mentioned trading as one of way people are making quick money in this space. Meanwhile, the same way trading is a quick way to make money in this space, it is also one of the quickest way to lose money in this space. Note am not saying trading is bad, but it can reduce you to zero when you approach it the wrong way and with the wong mindset.

Those who wish to trade their Bitcoin are free, but I rather accumulate Bitcoin and hold for long term instead of trading it, because trading is very risky, In a twinkle of an eye your money is gone. So I chose holding over trading for my own sanity.

I’m only suggesting , and the main reason for this thread is to drop your own opinion concerning this , and beside quick profits is difference from short term profits, mate when we are talking about long term we are taking about years , not even months , short term what deal with weeks, months even more . And beside I said for only those who have the knowledge on how take such advantage of the market without tampering with your bitcoin investment so don’t make it sound am misleading anyone .

[Janette014]

‎Not every one is interested or is patience enough in holding Bitcoin for long term, some prefer to trade instead and make quick money.
It's easy to trade Bitcoin in short term and get your profit so both it's a personal choice. Still let's not forget the risk of trading in the short term, easy way of profit comes with risk which a trader can lose everything with just one mistake. Personally I prefer holding Bitcoin for a long term. Not ready for the risk and the time to keep monitoring every price rate.

[Josefjix]

Let me be sincere with you my friend, don't be deceived by those who leaves the lifestyle of making money online through day trading, you may feel they getting it right, but that's not true.

Those using it as a short term hustle are deeply crying all day long secretly, they never and hardly tell the public their bitter losses, it's not easy as you may see it.

The best trader that continues to enjoy the benefit of Bitcoin is long term holders, no matter the time it takes, they are the winners in this investment journey, even CZ has confirmed this too, always emphasizes on long term plan than daily hustle.

Daily hustle keeps you in a trap, the same way gambling does too, they both influence the same way. So you gotta be careful when dealing with daily Bitcoin hustling, extra extremely careful I must repeat.

[Coin_info]

This space is filled with various opportunities but how are you making use of it.

The opportunity in this space is mostly the exposure that you get and the information that is being circulated here concerning crypto and other crypto related things. Information is power, so it is safe to say that the forum members wey dey consistent well well, na powerful members.

For my side, I saw bitcoin as long-term opportunity, na why i dey hustle to fit try get more because I know say e go better my life later.

[Mpamaegbu]

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 .

Wetin make a lot of people dey see Bitcoin as a long term hodl na bc of sey dem nor dey trade. Every trader wey dey profitable sabi sey Bitcoin get opportunity to make persin money on short term too. In fact, nor be just short term sef, e get ability to vomit money daily if persin sabi wetin dey for Futures trading.

Those wans wey dey target long term only get wan way of profiting from am and dat wan na wen price begin rise. Futures traders nor get dat disadvantage. Whether rise or fall, a good trader go make profit from price movements. In order words, anything wey persin conceive of go depend on wetin dey within wetin dem know.