Ask yourself why are you here in the crypto space, to look for short term profit (weak hands) which will end up putting you in losses in the long run or you are here to build a future for yourself through your long term bitcoin investment.
Im here for soo many reasons that are not even listed here. I have, thought, looked for strategies, and have decided to settle for bitcoin after having the knowledge about its pros and cons.
My numerous reasons aside, lets talk about investment. The idea of holding for short term is not investment, even if we should put bitcoin aside, what investment do you even think will give you quick and legit money?
Giving this crypto space a chance and expecting that by the next morning, there will be a rise and youll just sell off then theres no difference between you and a gambler.
So personally, its long term or nothing.
What are the challenges that will disrupt a new investor one from being a long term investor.
Let's discuss.
The only reason is lack of knowledge, information, awareness and patience. Whatsoever you want to think of again will still be in alignment with what i just listed.
Because if youre really informed you should know its a longterm deal, and if an individual is fully informed, the only factor can be impatience.
So the idea of trying your luck doesnt work with bitcoin.