If you have confidence and are more comfortable with buying Bitcoin for the long term, you can do that. but what many traders do nowadays is buy altcoins and trade in the market to make a profit. Each person has considerations according to their skills and experience.
Buying altcoins and making short-term trades is an option, as altcoins that have a large volume will be very good for quick trading or scalping.
This will provide a decent profit for those who understand the market movements that occur.
Bitcoin will be a long-term asset that has its own price target and after the halving occurs, Bitcoin is also looking for its bottom point again so that the cycle is not the same as the previous halving.
I also trade for Altcoin which has a large volume, although the results are not so large the benefits are at least we can get daily profits, because we know the market conditions that are difficult to predict are not easy to be able to predict prices accurately. Good expertise and analysis is needed, fundamental and technical analysis.
Be careful when you trade altcoins because currently there are many altcoins whose price movements and trading volumes are manipulated by whales who want to lure new traders who do not have much experience in determining safe altcoins for daily trading. Sometimes when we already have expertise in analyzing the market with any method when the whale makes a short movement, it will change all existing patterns and plans.
Exactly! This actually happens every single day wherein whales are successfully beating those who has limited ideas in trading and yeah this happened to me just this year when I tried to buy altcoins and since crypto movement is unpredictable especially for a newbie like me then I end up losing my investments and that hurts me a lot. That is why it is better to prepare and aquire enough knowledge before jumping into the real battle.