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

[Speaker]

Investing in cryptocurrency involves risks, but it's a damn promising and exciting activity.

[Alichlas92]

for this promising reason, I still hold a number of altcoins, even today, which is why I am still waiting for the right moment to sell them. 

[Speaker]

now is not the best time to buy, but it is even more not the best time to sell.

[Alichlas92]

is it also not the right time to buy altcoins now? the current price of btc is around $20k to $23k, does buying alt when btc is below $23k have any hope of making a profit? I don't really understand the market conditions or the bullish and bearish phases for decades.

[Speaker]

It all boils down to the fact that it depends on market macro conditions. Now a lot of institutional funds have entered the cryptocurrency market, and therefore the reaction to growth / fall is different

[satpol_PP]

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?

Maybe we can have this mind because almost all of crypto currencies are worthless at the beginning such bitcoin at 2013.
But  we know at this time, bitcoin and several top coins become so worthed.
Yeah, I'm agree , it's good for long term investment

[Hope4life]

You need to invest carefully in cryptocurrency and be wise while choosing a project that will run for long term. It's indeed best for long-term in term you've done deep research on certain project

[Ankit1999999]

 I think who are the real holders they don't miss this dip. Even then if wanna invest in altcoin then you should take the top coins for investment. it can be- BNB , Polygon (MATIC) , ETH , Lite-coin they are also in a great dip for making profit by investment.

[nakmantu99]

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 long or short term are the best way to gain profit, it depends on your skill and fund.
I personally prefer in long term because I didn't have more time to do day trading. But maybe other have any reason to their investment.

[Alichlas92]

are funds and expertise needed more in the short term than in the long term? it's true these two options are ways to make money.

[Speaker]

expert knowledge is needed for the entire distance.There are nuances in every aspect, but without knowledge it is impossible to earn, otherwise it is already a lottery

[Alichlas92]

That's right, if there is no knowledge like lottery, after buying and then waiting for profit and loss without expert knowledge. That's why some say trading is like the lottery.

apparently they have no expert knowledge. 

[Zezari]

Cryptocurrency, which is the most popular investment for any period, has a minimal risk of loss on a long-term investment. Professionals who have been on the cryptocurrency market for a long time earn short-term deposits.

[anshor1]

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, That you said crypto currency is one of the best long term investment.
I think many investors become rich because hold coins or tokens for long term.
That's the fact.

[mahadev]

TBH, I'm  a trader.
I personally prefer do daily trading than hold for long term investment.
Because I didn't have big fund. Just a little.
So, day trading is my way to gain day  profit.