Anyone who wants to get rich with money are the one who will become rich. Money is important to do buying Bitcoin and Ethereum for long term holding until the highest performance to hit the moon. No money is the baddest part when the opportunity is there knocking at the door. Bitcoin is definitely for long term investment up to x4 return is possible.
Bitcoin and ethereum are known for their long-term investments and have become a trend in themselves from the start of bitcoin. usually changes will always occur for 4 years or the halving period of bitcoin, which will be a sharp increase from bitcoin and ethereum and other altcoins.
but it seems that now there is a renewable trend that bitcoin has become a short-term investment and has even become a day trade. because the difference between the ups and downs is quite significant, which is certainly very promising for profits who want to do daily trading. unfortunately the price of bitcoin is quite high at this time so it requires large funds.
Day trading is for absolute professionals. If you buy from a correction to sell again in 2-3 weeks, it is no longer day trading. Of course it can be profitable, I did it myself several times. When the market is bullish, it's very easy too.
But in the long run and if the market is bearish for a long time there is nothing better than Bitcoin and Co. to HODL
I like to repeat, Bitcoin has been bringing in 230% profit per year for 10 years.
If you are out for quick money, if you are a gambler, then you can try to sell Bitcoin at the top in the daily corrections, for example, and buy it again at the low. So promise to become better than the market. I won't recommend this to anyone without knowledge and that's why I say that is only for the professionals.
So, it always depends on your goals, if you want quick money you will also trade riskier. But that doesn't always mean that this is the smarter version of an investment.
In my opinion long traders live longer