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

[Nostoman]

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?

There are many coins and many types of projects for long term investment. But I think you should invest in crypto currency for long term investment. Because it is possible to make a lot of profit from cryptocurrency by making long term investments. So I think if you invest in something other than cryotocurrency then the profit margin will be less. However, if you invest in cryptocurrency, the amount of profit will be higher. So you can invest in top level coin. Such as Bitcoin, ETH, BNB, LTC and defi token DIA.

[sidik7]

learn first before investing and understand some of the level risk that exist , indeed cryptocurrrency is quite familiar in this world but we need to pay attention to what cryptocurrency can we hold in the long term and we also need to ask those who are experts.

[LogiC]

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?

You can buy the top coins on the market. Those that are still have funds for long term investment can secure funds and bought some now while the price is not yet matured. How matured? Cause as per speculation bitcoin could reach so far and almost 100k I believe this will happened but not yet now. So its better to have secured funds when this happened.

[bubbalex]

It depends on which crypt currency we are talking about and in what period. Of course investing in bitcoin or ethereum when buying at a drop in price is a profitable long-term investment, but for most altcoins long-term investments when buying at medium/high prices almost always lead to long-term losses. Very few coins can not only hold their price, but also increase it all the time, most of them fall steadily down with periodic rebounds since launch. That's why it makes sense to invest in such altcoins in the short term or compensate the price drops through mining/staking.

[pelana vreo]

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 have enough capital for a long-term investment, but there are several altcoin options on the crypto market that are low priced to have.
the main purpose of investing is to get a profit and avoid losses, but all types of investment will have risks, you can choose a low price altcoin that has a high trading volume to avoid the coin dies at some point in the future.

[Lutera94]

IMHO, not all cryptocurrencies are suitable for longterm investment but only those top-ranking cryptocurrencies such as Bitcoin, Ethereum etc. because these cryptocurrencies are already stable in price and market capitalization, unlike those low ranking altcoins that are not stable in MarketCap including its price stability.

i noted this & its true that low ranking altcoins are not suitable for longterm investment . lots of cryptocurrency have good support, so we can follow this. now Chainlink is one of them, this is very good altcoin which is give you more profit. recently coinbase platform listed this currency.

[shadowdio]

It's up to you what is your strategy to make money in cryptos, you can hold for short term only or go for long term. If you want to hold for long term make sure you hold a potential altcoins like ethereum or else you will lose money in the end if you pick a coin with a bad project. 

[gunhell16]

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?

Some of the cryptocurrencies at the moment are really good for long term investment, and one of the best of these are of course Bitcoin is the first then BUSD, Link, Ethereum, Nem, Bnb, Vet, Ada, Sc, Band and Lend.  But the majority of the cryptocurrency is not good to hold in the long term.

[babu10]

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?

If i compare 2017 to 2020 year crypto market, there is 50/50 chance to gain investment. Actually as it is unpredictable market it can dump any time or pump also. So you have to take chance by luck or fate. But good sign that in pandemic situation people are more engaged with crypto market and good news every where. So i think this may be holding time for big investors so that it can give huge benefit at the end of the year 2020.

thanks.

[Rafiq]

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 think cryptocurrency is one of the best means for long term investment. However, for this, you should invest in the coins in the top 10 of the coinmarketcap, as these investments have low investment risk and no long-term loss potential.

[Rafiq]

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[trendcoin]

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?

Cryptocurrencies are among the best long-term investment tools. Crypto coins are limited assets, limited assets definitely pay off in the long term. For example, gold is a limited asset, it has continuously earned its investors at the end of the long term. I think all the coins in the top 10 will pay off in the long run.

[Bobcrypto]

Crypto, no doubt is a good assets for the long term investment plans. Investing in bitcoin is similar to investing in stocks but a little volitile and can also hit a good all time high. I think investing in Bitcoin is good for the long term especially if you a good knowledge in crypto assets manegment.

[Vx1]

Looking at the changes in Cryptocurrency prices that can be very fast, I think it's true that Cryptocurrency is a long-term investment.  But if you want to invest in Cryptocurrency, my advice is to choose Crypto coins that are at the top ranks such as Bitcoin, Ethereum, BNB and others.  Because if you choose a new cryptocurrency there is a high risk that you will lose money.

[TERMINO]

Some potential altcoins can be found not in top 100 coins rather below 300 or top 500. The potential coin will slowly ranking from one step to another until the time everybody knows about it and will invest. Other potential coin could be not yet listed coz they are in ICO stage.