Focus on knowledge, build up belief, then investment plan, success will come.

[dekafee79]

When you spend more time in Bitcoin market, you will read more news about this market and Bitcoin. You will read many criticism or just hilarious and jealous comment that Bitcoin investors got profit because they were lucky.

You will get to know about all these you stated, but as you begin to ride on with the crypto market, your level of experience and exposure to the market begins to change that someone shouldn't bug themselves with the kind of information they receive about Bitcoin. What they should focus on is how to invest rightly during the bear market and sell at a high price during the bull market. That's what counts, to make profits at the end of the long term investment plan one chose

If we already have plans for long-term holding, we should not be influenced by the news, because this will only disturb your focus on remaining patient and holding your coins.  I agree with this, because we should stay focused on our goals.  If a correction occurs, make a purchase if you still have capital.

I still read the latest news, because besides holding for the long term I also do daily trading. so I need updated news that will affect the crypto market. Some friends who only hold for the long term, they only buy and hold waiting for a bullish event, this is also good if they don't have time to monitor the market.

I also do both as a holder and a trader, so I also read the latest news. Actually, I'm not that busy in the real world with my work, so I can still trade when there is a free team and still monitor market prices at all times. Many only focus on crypto, but I prefer real world work so I have to be able to divide my time.

[Jating]

For traders they prefer short term because that is where good profits came from given that they are more knowledgeable on that field but for investors who has no in depth knowledge about fundamentals and technical analysis they prefer long term hodling

anything can be learned if you have enough motivation to do so if someone wants to get into trading they would need to learn about both types and then decide which one is most suitable for them

Yes, if we really have the desire to learn and motivate ourselves then it's going to be very easy as it you will also be having fun along the way. Of course, we might lose some money, but still if you look at it like a new experience under your belt, then it's not a lost at all.

we all start with no knowledge so after learning about the basics of both kinds, you will have to then evaluate yourself whether you can do long term or short term and in which will you be most successful

Just learning new things every day is already big, and then as we evolved, we might learn new investments like stocks and so we can diversify our portfolio so that we will have multiple source of income and that is one secret of successful people, they don't just rely on one source, they have different ways to make money.

So in crypto you can just buy, and then hold. But then you have stocks as well and maybe similar approach. And then if you have other business then that is another source for you.

[nakmantu99]

Just learning new things every day is already big, and then as we evolved, we might learn new investments like stocks and so we can diversify our portfolio so that we will have multiple source of income and that is one secret of successful people, they don't just rely on one source, they have different ways to make money.

So in crypto you can just buy, and then hold. But then you have stocks as well and maybe similar approach. And then if you have other business then that is another source for you.

I think diversification in investment is a good way for us to do so that we can benefit from many opportunities. In addition to investing in crypto, I also invest in stocks and property, I do this because I need a lot of income for my future and my family. Moreover, currently the crypto market is experiencing a correction, I can only buy and trade but am less focused because there is a concern that the price will suddenly drop sharply.

[Pastaral]

One should be very knowledgeable and experienced in the field of investment as it plays a very important role for investment.  However, our long-term planning and proper preparation when it comes to investing is really important for achieving financial success.  A get-rich-quick attempt is usually risky and many people suffer losses because they are not equipped with the necessary knowledge and experience.

[Hisbullah]

One should be very knowledgeable and experienced in the field of investment as it plays a very important role for investment.  However, our long-term planning and proper preparation when it comes to investing is really important for achieving financial success.  A get-rich-quick attempt is usually risky and many people suffer losses because they are not equipped with the necessary knowledge and experience.

Knowledge and experience are very much needed in investing. Stay away from emotions that want to get rich quick, because everything needs experience. If you want to get rich quick by relying on luck, this is certainly a big risk, do we dare to take that risk because the probability of winning is very small.

[Wiseman]

Everything is correctly said by the topic starter, but there is one point that faith has nothing to do with it, when you have knowledge, you don’t need faith, I don’t mean faith in God, but faith in the growth of the asset that was written about, the point here is that having knowledge you don’t need faith, you just follow your strategy and if it is violated, you change plans and follow new plans, you can’t just build one plan, start acting on it and believe in it until the very end, since everything changes and your plan can lead you to bankruptcy, working with money always goes hand in hand with working on new knowledge and new strategies.

[legend45]

When many people immediately invest without studying first, that is the wrong step. We should first study the coins we choose for investment, so that the money you use for investment remains safe and will not be lost. Patience is indeed an important key to achieving success in the investments we make.

In investing, we must learn and have knowledge. and over time if we already have experience we can make analysis and predictions in choosing coins that we will buy for investment, because the character of each coin is different. If you do not understand the character of the market and coins, you should do research first.