sincerem
VIP Contributor
Do you consider BTC being better for long term investment or short term investment?
To me, I'll simply say BTC is best for long term investment than short term investment. I see risk in trading BTC at the short term basis. Look at what happened just today, as BTC fell from $50,000 to $43,000 within an hour after El-salvador's BTC formal grant to use BTC as a means of legal tender currency for both local and international transactions.
Such decision took the price of the coin down swiftly which is surprising to investors who hoped it will continue moving up beyond $52,000 and even up to $60,000 within September to October.
My honest opinion is best to holdl BTC for longer time interval.
To me, I'll simply say BTC is best for long term investment than short term investment. I see risk in trading BTC at the short term basis. Look at what happened just today, as BTC fell from $50,000 to $43,000 within an hour after El-salvador's BTC formal grant to use BTC as a means of legal tender currency for both local and international transactions.
Such decision took the price of the coin down swiftly which is surprising to investors who hoped it will continue moving up beyond $52,000 and even up to $60,000 within September to October.
My honest opinion is best to holdl BTC for longer time interval.