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

[I_Anime]

Bitcoin can only be a short term side hustle to those days traders which is risky if you ask me. Because Bitcoin trading is risky due to its volatile nature and will require a high level of expertise to trade successfully to come up with gain before you can consider it as a side hustle. Because seeing Bitcoin as a short term side hustle will mean that investors will be looking for opportunities just to make a quick profits and go out of the market. These sets of person's always follow the market and only enter the market when they feel that there is an appreciation in the price of Bitcoin. The best option when it comes to Bitcoin is long term investment which is key.

Exactly , that’s why traders are fewer than those that invest . Investing in bitcoin is less stressful compared to trading , cause trading need a certain level of expertise inorder to make or earn something good from it , the reason why I create this post is to see others opinion on how they see bitcoin opportunity, in some thread I will see some users saying things about those that trades , yes trading is risk doesn’t mean there aren’t folks that are making money from it .

Best is to do what works for you, because no matter how many times we are going to say bitcoin reward those that are patient many are still going to trade , and that’s why despite you being a trader is good you are still into bitcoin for long term investment too.

[Sammye3]

I like it that you laid emphasis on both the short term trading too, because most people take bitcoin as a long term investment only which is not quite the catch.

Just as mentioned OP, one requires fundamental and technical analysis to actually trade short term and that could be the best form of income generation for most people. Personally,  I see bitcoin as a long term investment because that is what I'm building on, as trading is quite risky.

[Cgrexp]

I like it that you laid emphasis on both the short term trading too, because most people take bitcoin as a long term investment only which is not quite the catch.

Just as mentioned OP, one requires fundamental and technical analysis to actually trade short term and that could be the best form of income generation for most people. Personally,  I see bitcoin as a long term investment because that is what I'm building on, as trading is quite risky.

People prefer long-term investment because it allows them to buy Bitcoin little by little over a long period of time, overcoming market volatility. However, in one-time investment, we have to invest a large amount of money, due to which we may suffer losses due to market fluctuations. In trading, decisions are made through technical analysis, market observation, and analysis, which causes mental stress for many. Again, a small wrong decision has the potential to cause big losses because in trading, decisions have to be made through skill, time, observation, and analysis. Therefore, those who are not skilled or who do not have analytical skills can never maintain profits in trading. Although investment is everyone's own decision, decisions should be made according to their own capabilities and circumstances.

[Creeper0]

I do not believe in short-term investment or trading at all, it has no specific end point. What is the situation of those who bought Bitcoin at the price of $115k-$125k and waited for short-term profit? They are now in such an uncertainty that it takes time to protect even half of their capital. Even if we invest at today's price, we do not know how long we will be able to profit.

If it is prudent money, then short-term investment should also be profitable, buy at $66k today and sell at a specific price ($80k or $100k). Short-term investment depends on the price, not on time or goal.

On the other hand, long-term investment has a destination or a goal. I even call long-term investment as savings rather than investment. I am more focused on accumulating my wealth, which is not affected by inflation, rather than focusing on long-term profit.

[Solodoski]

I like it that you laid emphasis on both the short term trading too, because most people take bitcoin as a long term investment only which is not quite the catch.

Just as mentioned OP, one requires fundamental and technical analysis to actually trade short term and that could be the best form of income generation for most people. Personally,  I see bitcoin as a long term investment because that is what I'm building on, as trading is quite risky.

Trading is faster way to make profit, when you learn the craft of trading you will be profitable on a weekly or daily basis. In realty it is easier to plan how trading can be profitable and harder to be profitable in it. 90% of traders are not profitable, they make their profit from online courses, and brokers. I know many of them, so trading is a hustle where you don't really make the profit from the profession, you make the money from the little knowledge you know about it. It is the process of passing the knowledge to others that will earn you profit if your charge for it.

[ejikeme24]

What is the situation of those who bought Bitcoin at the price of $115k-$125k and waited for short-term profit? They are now in such an uncertainty that it takes time to protect even half of their capital. Even if we invest at today's price, we do not know how long we will be able to profit.

I'm sure that majority of them might decide to sell regardless and that's very bad because it is obvious that they are selling at Lost, a very big one at that. i don't know why  most people are finding it difficult to invest and HODL for Long term or is that they are afraid of losing their money in the future? If that's the case then what makes them think that they can actually make profit when they focus on the short term, even if we invest for the Short term still there's no certainty that we will make profit but when you invest and HODL for Long term there's a little hope of making profit since we will be buying from different amount.

[Mate2237]

I just feel that anyone who can't buy and hold Bitcoin for a long time is not fit to invest in Bitcoin. Because the concept of Bitcoin is for investors to have patience and perseverance to hold for a long term. Short term minded people should know that they are doing gambling by investing in Bitcoin because, profitablity is guaranteed only on a long term.



Bitcoin is a long term investment plan, any hustler coming to Bitcoin should take note of this fact so that they don't get discouraged at the end because Bitcoin will not pay you on a short term plan for the investors.

[Johnlomape]

Omo this question na question wey we supposed think well before we answer and I know say many of us honesn think say making money for the Bitcoin matter supposed be for long term. Everybody supposed know why they enter the crypto market and watin dey dey find for the market. E no go easy for people why no get tangible reason why they put yansh for the crypto market.
Na follow follow make us join crypto. Imagine say you see one of your friends wey dey do crypto and him dey make money, that one no go stop you to ask am make him teach you crypto so that you fit dey make money too.

[Smartvirus]

E no go easy for people why no get tangible reason why they put yansh for the crypto market.
Na follow follow make us join crypto. Imagine say you see one of your friends wey dey do crypto and him dey make money, that one no go stop you to ask am make him teach you crypto so that you fit dey make money too.

One way to always Dey involved with something and hope to stay in that thing for long and progress with the thing be say, you go always fine way to define am to make sense to you. Na why I find this your comment about “tangible reason” to Dey very valid.

If you are able to find good reason why you should invest in a thing or join a course, you go get a very active core and good principles way go help you to stay true to that course. Same applies with Bitcoin or cryptocurrency in general, if you say your motive na short term gains and you fit do am well, nothing still spoil and if you Dey for the long term, e still sure too.

[Out of mind]

Bitcoin can be used in both short-term and long-term, depending on the mindset of a person. Those who invest in the short term will have less profit potential and will have risk if the market starts to fluctuate, but will not lose money. And for those who plan for the long term, even if the market is volatile, the risk is much less and long-term investments always have more profit potential. Short-term investments are not very good, but here the impact on price fluctuations is high, resulting in a lot of risk. However, there are long-term benefits, an asset for the future that will give high profits and there will be no risk, so most people plan for the long term when investing and they hold Bitcoin.

[Grace333]

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.

Sure there are folks making money from short term trading and there are still folks losing money from short term trades and those who made money happens to be among them nothing good comes in handy so when you focus of short term trading for quick profit you should be certain that it's a 50/50 probability of making profit or loss and those odds aren't quite fair as you'll also need to have enough knowledge to be at the 50% probability chance, meaning those without knowledge have quite a low probability chance or even securing a win.

[BluebloodCXVI]

I think the short and simple answer is that it totally depends on the perspective of that particular individual, how they see bitcoin is totally up to them and I believe people have the right to be able to make their own choices as long as they’re ready to take responsibility of the consequences that may arise as a result of their choices made.

[Crypto_Timothy]

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

There is something we call "update", it is not specific to any field or profession but if you receive update in your line of work, you will see yourself doing better, i feel like that is the same thing as someone who has the knowledge  and know how to be able to take advantage of short term markets and earn profits. Then if you can do both then man, thats just the jackpot itself ....To me, Bitcoin is a long term opportunity because I'm not actively exploring any short term hustle with it so its a long term investment.

[Versatile_choice]

I think the short and simple answer is that it totally depends on the perspective of that particular individual, how they see bitcoin is totally up to them and I believe people have the right to be able to make their own choices as long as they’re ready to take responsibility of the consequences that may arise as a result of their choices made.

Yes, this is just the best answer to his question. As a matter of fact everybody have to speak for themselves, personally I don't treat bitcoin investment as short term hustle or Investment whatever. Rather my intention is to invest and HODL for Long term investment because I believe that if I invest and HODL for Long term I will be able to make a huge profit, This is my own personal believe I don't know about other investors but if you really want to enjoy bitcoin investment then focus on the Long term investment because this way your Investment will get matured instead of investing for short term and start selling it premature.

[Fiasem20]

The fact still remain the same , the only way one can get good profits it’s from long term, long term is the real goal of Bitcoin , anyone that is hustling for short term is a trader ,because real investors won’t even think of selling instead they accumulate for as much as they want, but it all depends on individual and what they really want , but investing for long term is where one can get a good portfolio.

Exactly,bitcoin investment profits more in the long term though one’s profit may come from trading but it’s certain that trading involves a whole risk,and the chances of earning more profits isn’t an easy task.It requires deep learning and a lot of practices,anyways that’s not the point we’re talking about.Personally,I see bitcoin as a long term investment not an opportunity,because bitcoin investment isn’t a get quick rich scheme so I wouldn’t want to disturb myself with little profits that comes from the short term.

[Bright0515]

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.

It can be both because a lot of people actually trade Bitcoin and make profit from it but this depends on your choice. Trading is considered to be more riskier than investment that's why a lot of people avoid it but that doesn't mean that it is not actually profitable. When using Bitcoin as a short term hustle you must be very careful so you don't end up over trading or becoming overly greedy. Some traders try to make profits from the market everyday which isn't really possible if you're someone that's experienced with the market.

[Dr.Bitcoin_Strange]

Bitcoin can give profit both on short term and long term but the long term goal is more simple and befitting to a lot of people because the short term goal of making profit from Bitcoin is more risky than just holding for a long time. Personally, I do trade Bitcoin futures contract on centralized exchange and I make profit sometimes, while I also end up losing my money completely but the coins which I hold for long term are also there, when price go down below my bought price, it doesn't liquidate my capital the way it does on futures option. That's why i do both, one must be successful at the end or both can also be.

[Yablee0]

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.

Yes, I know Bitcoin got different means of making petty profits from it but the real  question is how long can it last? probably you might be lucky enough to get something today and tomorrow you end up losing ten things more, that's sad because that's actually not the bigger picture we're talking about, to me the real essence of it is to secure a life time fortune that can last me till eternity.
 
Furthermore, their are some tendency of making shot terms profits through trading but that can exposed you to bigger risk then usual and isn't healthy to you as an investor. However, having a strong holding power has being a better way of distinguishing a real investors from a fair weather investors and it also stand you tall in the game and being a real investors is not just about temporary gains but how far you can see beyond and that's the bigger picture we're talking about.

[Dareo]

Bitcoin can be used in both short-term and long-term, depending on the mindset of a person. Those who invest in the short term will have less profit potential and will have risk if the market starts to fluctuate, but will not lose money. And for those who plan for the long term, even if the market is volatile, the risk is much less and long-term investments always have more profit potential. Short-term investments are not very good, but here the impact on price fluctuations is high, resulting in a lot of risk. However, there are long-term benefits, an asset for the future that will give high profits and there will be no risk, so most people plan for the long term when investing and they hold Bitcoin.

It is not right to say that short term and long term are good or bad separately. Both have their own place. The risk is higher in the short term, but if you have the right skills, it is possible to make consistent profits from there. And the long term is certainly comparatively safe, but it is not exactly no risk either because market cycle, timing and patience are big factors here. Not everyone can hold on for the long term, and panic sells in the middle.