So my best advice would be to start following gold,silver platinum, and palladium. You need to be really familiar with how world events and different products coming along that would make these prices rise.
Bitcoin is pretty close to the way metals work. Bitcoin follows world events but just like metals has certain times of the year which are the time to buy or to sell.
I told everyone here at ugmuscle to buy silver and as much as possible. At the time silver was 13$ now silver is almost 30$ an oz
I told everyone to buy btc at the beginning of the year because the hackers had brought the price down to 3000 and I knew what the hackers and everyone else should have known was that btc had a halving this year and that’s what brought it above 20,000 the china virus also helped and we even had mass adoption take place this year. I mean who would have thought paypal would ever have gotten into the btc business smh.
So if you’re looking for long-term investment in btc that can be done they are actually offering savings accounts for btc with 21% apr right now this tells me that btc is not only here to stay but is going to be the global currency that its meant to be and in a yr and a half is the next and final halving that’s when you will really make huge money and everyone is going to try and get in because they have all finally realized that btc is the real thing.
I would say definitely invest money in btc but remember only invest what you can lose when I invest my outlook is that the money is gone.
If it pays out then my outlook is that the money is here and there’s more of it
I will say if I had say 3000 to invest I would wait until after the holidays and then at a dip in btc buy 3000 worth.
Then again if I had 3000 to invest I would probably put 1500 in btc and then use 1500 to buy gold or silver bullion. Gold and silver have topped off from there big run which was amazing but with biden entering the white house I believe that silver and gold have even more value to be added the thing about gold and silver is that there needed in everything we use basically. There both super conductors of electricity. Since were going back to space and this administration says that solar and wind is going to be a priority.
All 3 require tons of gold silver platinum and palladium so do cell phones and cars and basically everything nowadays because everything needs to be a smart device and super fast.
To really answer your question though is you can’t really ride the waves because of the cost of the transfers and if you’re using an exchange they also want there piece. Then also if you wanted to liquidity it in to actual cash then the bank wants a piece and they also want to give you a hard time because btc could eventually put banks out of business and it worries them very much.
When investing in btc you have to know how to get btc without crazy fees then it needs to make money and then you depending upon the amount made can pay the fees to make it cash or you can get creative.
I hope that I helped when I wrote this I was all over the place if you have a specific question just let me know brother I got you