Bookwormlux
Valued Contributor
Many people are getting to know about crypto currencies and attention seems to be majorly on Bitcoin as it is the king of all other crypto currencies, making significant increase in value since from the time of its inception.
With this development, it is always best to make sure one learns the basics of Bitcoin trading before venturing into it, as it is a very volatile thing. You can make fortune in a day and also lose everything in a split second when prices drop.
With all these, what kind of investment would you advise a new investor to settle for? Long term investment or short term investment.
Short term investment could involve them putting just a little amount of money and then waiting for a while to see how things go before deciding whether or not to invest more.
Long term investment would involve the person putting in a huge amount of money and then forgetting it for at least 6 months or even up to 2 years with the hope that it would have appreciated to a very great extent.
Which of the two options is the best?
With this development, it is always best to make sure one learns the basics of Bitcoin trading before venturing into it, as it is a very volatile thing. You can make fortune in a day and also lose everything in a split second when prices drop.
With all these, what kind of investment would you advise a new investor to settle for? Long term investment or short term investment.
Short term investment could involve them putting just a little amount of money and then waiting for a while to see how things go before deciding whether or not to invest more.
Long term investment would involve the person putting in a huge amount of money and then forgetting it for at least 6 months or even up to 2 years with the hope that it would have appreciated to a very great extent.
Which of the two options is the best?