Bitcoin Up More Than 123% in the Last Year, But Short-Term Investors Struggle With Choppy Bitcoin Price Action.
Bitcoin is currently trading at $57,877 and is up 123% in the last year, but Bitcoin investors who invested at the March 2024 highs have been struggling with choppy Bitcoin price action since then. Most long-term investors are still profitable but most short-term players have to struggle with volatile markets, which is why I prefer to invest for the long term. I have no doubt that Bitcoin will explore new highs in the future, but it is really difficult to fight against its volatility. If you are a long-term investor, enjoy it, but if you are a short-term investor, you should be very careful.
I believe that Bitcoin will bounce soon, but no matter how high the price goes, I will wait until it hits $240,000.
This is not investment advice, I am just writing my own thoughts. Please do your own research before investing.
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