Those who can't afford potential looses and are not comfortable with the market volatility should just stay away from investing in bitcoin, for the game in bitcoin investment is not for them
Of course, we must accept the potential losses before we invest in Bitcoin. We must also understand the nature of crypto market and knows the volatility of the price. This is fundamental things, all investors should realize them. It is strange if there are people who invest in Bitcoin but they don't accept the potential losses and they aren't familiar with crypto market.
Those seeking for short term profits should just stay way from bitcoin investment, for Bitcoin investment doesn't give short term profits, where those category of people belong is cryptocurrency trading and not bitcoin investment.
For the optimum profits, investing in Bitcoin should be long term. At least, we hold Bitcoin for 3-4 years. However, I don't see a problem if there are people who want to invest in Bitcoin for a short term. They can hold for few weeks or few months, depending on how their targets on taking profits. Bullrun season is good time to apply "short term" plan besides we keep focusing on our long term holding.
Knowledge and understanding are also essential in bitcoin investment, so those who lack knowledge and understand about bitcoin investment should just avoid it, because if they invest in bitcoin with ignorance sorry is their name.
Yep. Besides having good mentality as an investor, knowledge is also the key factor in investment. It is a bit similar with trading that knowledge has the biggest role to determine the success. So we must ensure that we have proper knowledge first before we begin our investment in Bitcoin or altcoins. If we still have lack of knowledge, the solution is to focus on learning firstly.