Mertayasa
Active member
Cryptocurrency investment is done by buying and selling assets in the market. In order to make a profit, people have to buy cryptocurrency assets at a low price and resell them at a higher price.
The two avenues for investing in cryptocurrency are:
1. Long Term. The goal is Bitcoin as a store of value, like gold, because over time the value of the currency decreases, along with the large amount of money printing by the governments of various countries, to deal with the economic crisis. Faced with a devaluation in the value of a currency, people want to save in valuable assets that are in limited supply, which cannot be mass-produced, such as Gold and Bitcoin.
2. Short term. Bitcoin price fluctuations that go up and down very sharply are fertile ground for traders in the short term. Because Bitcoin prices are volatile and the market is open 24/7, traders can enter and exit bitcoin investments in the short term. Traders use advanced techniques such as technical analysis, market sentiment analysis and other tools to make quick profits in the short term.
The two avenues for investing in cryptocurrency are:
1. Long Term. The goal is Bitcoin as a store of value, like gold, because over time the value of the currency decreases, along with the large amount of money printing by the governments of various countries, to deal with the economic crisis. Faced with a devaluation in the value of a currency, people want to save in valuable assets that are in limited supply, which cannot be mass-produced, such as Gold and Bitcoin.
2. Short term. Bitcoin price fluctuations that go up and down very sharply are fertile ground for traders in the short term. Because Bitcoin prices are volatile and the market is open 24/7, traders can enter and exit bitcoin investments in the short term. Traders use advanced techniques such as technical analysis, market sentiment analysis and other tools to make quick profits in the short term.