cryptocurrency is one of the best long-term investments is it?

[Delgado]

This statement is not true for all cryptocurrencies. The cryptocurrency market is very similar to the securities market. If you have invested in a promising cryptocurrency, then over time you will make a profit, if not, then you will incur losses.

[Ten Ryuu]

In your opinion, whether cryptocurrency can be an option in making long-term investments? and what advice would you give to do that? whether to buy bitcoin or the like?

It is always best to buy Bitcoin for long term investment.  You can add ETH, Utrust, XRP, on the list.  Though I stated some good cryptocurrency to invest in, you must do your own research to verify everything.  At the end of the day, it is your money you are spending so you better be careful and do your own research before embarking on an investment venture.

[Alcor]

In your opinion, whether cryptocurrency can be an option in making long-term investments? and what advice would you give to do that? whether to buy bitcoin or the like?

So far, long-term investment has paid off in relation to a small circle of cryptocurrencies. For example, more than 95 percent of my tokens since 2017 have either ceased to exist or do not generate any income. Therefore, investing for the long term should be treated very carefully. You always need to be aware of any changes in the projects where we have invested our money. It's like the stock market. There you need to watch the market very carefully and make an appropriate decision quickly. There is a cryptocurrency that deserves investment for a long time, but the situation with them can change at any time. Therefore, there can be nothing permanent in this market.

[Hisbullah]

In your opinion, whether cryptocurrency can be an option in making long-term investments? and what advice would you give to do that? whether to buy bitcoin or the like?

Bitcoin is the first choice if you asked which crypto currency is one of the best long term investment.
Etehreum and BNB are the second, I think.
So, I personally still believe in top 5 coins.

[silkytakyaan86]

You are right. Cryptocurrency is a good platform to invest for long term. However there is risk in it. But it is. Which has the power to give you double profits.

[Anrate]

Yes, crypto currency is one of the best long term investments. But because of its high volatility and fluctuations, investing without knowledge can be pretty risky.  The extreme volatility of cryptocurrency is a key characteristic. While you could make a lot of money, you could also lose everything. Furthermore, there is no guarantee that a cryptocurrency will remain operational in the long run. For example, only seven of the top ten cryptocurrencies by market value in 2013 are still operational today, with bitcoin remaining constant. That is why investing in cryptocurrency can be profitable in the future, only if one has knowledge about it, and knows how to accommodate to the changing market.

[Bobcrypto]

It is very obvious that crypto generate a huge returns on investment on the long term and many the early investors has made great returns. People who had investment in 2013 has earned more than double of their initial investments. I think Bitcoin has actually made many guys very rich and more people who has invested will earn in the future.

[Afony]

It is very profitable to invest in cryptocurrency for a long-term investment and due to the high liquidity of the market, it is better to earn on cryptocurrency than on other stock quotes.

[Speaker]

Cryptocurrency is just a tool.You can make money on it, or you can also make money on the stock market. Cryptocurrency is very volatile and interesting in terms of development.

[Astra]

It is very profitable to invest in cryptocurrency for a long-term investment and due to the high liquidity of the market, it is better to earn on cryptocurrency than on other stock quotes.

The claim that cryptocurrency is one of the best long-term investments is not a general rule. Now there are more than 20,000 different types of cryptocurrencies on the cryptocurrency market, and probably 90 percent of them will not bring profit in the long term. It all depends on which cryptocurrency we invest in. As a general rule, cryptocurrencies with a high level of capitalization represent the least risk.

[pacar_tiri]

In your opinion, whether cryptocurrency can be an option in making long-term investments? and what advice would you give to do that? whether to buy bitcoin or the like?

As many people said, if you have free money I think hold.for.long term is the best way to do.
But you can do trading too.
I have did both, trading and hold.
Both are good way.

[KaliLinux]

In your opinion, whether cryptocurrency can be an option in making long-term investments? and what advice would you give to do that? whether to buy bitcoin or the like?

I am just going to leave this here. If you ask people about what is the Best commodity to invest in for a long time some people will immediately call GOLD, I don't have a problem with that, you can make a little profit and it is more stable but there is no comparison between Bitcoin and Gold in terms of ROI over the same period of time.
Black Line= Bitcoin
Gold Line= Gold

Source

[bayiajaib]

In your opinion, whether cryptocurrency can be an option in making long-term investments? and what advice would you give to do that? whether to buy bitcoin or the like?

Yeah buy bitcoin will low and hold for long term investment.
For now, I still wait the bottom of bitcoin and will buy more for hold until 2024 or 2025
But I see the crypto market is starting to recover again now.

[Alichlas92]

now or 10 years into the future still effective, if you want to make long term investments and buy BTC this seems like a very good time. Like in the next few years if btc doesn't reach the new ATH at least and hopefully reach the highest ETH until the end of 2021 beforehand.

[collinsjie]

In your opinion, whether cryptocurrency can be an option for making long-term investments? and what advice would you give to do that? whether to buy bitcoin or the like?

The cryptocurrency investment is the best investment I have ever ventured into. With good projects when you do your research very, cryptocurrency is the best long-term investment that can guarantee the future. Cryptocurrency made me who I am today.