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

[mohdelayo]

In my humble opinion from the experience I have gained from over the years, cryptocurrency holding for long term are generally the best strategy for me. However one must important thing to not neglect is your entry point, if you got a good entry point, your long term holding will be a definite success!

[Alichlas92]

taking profit by day trading seems far from risky.. in my opinion someone will become a day trading expert with sufficient capital and transacting between exchanges. may lose in the beginning, but it is smarter to analyze the inter-exchange market in the future. Is that true?

[zilzylian]

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?

Of course, you can see the Bitcoin price increase in 10 years, no one wants to buy BTC at $5 and right now I'm interested in Coins forking on the Bitcoin network, there are some coins under $1 and I'm sure when the BTC price goes up then the price will go up

[gurunanakji777]

Yes, one should plan for long-term investments in cryptocurrencies to get the maximum profit but the coin selection should be good and the portfolio should be well diversified. Bitcoin and Ethereum are the gems if you don't have knowledge about the crypto I would advise you to stick with only Btc and Ethereum only apart from this I am expecting Matic, Solana, and ADA would be the next big coins in the coming years.

[Astra]

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.

Only some cryptocurrencies can be considered as a good investment in the long run. Now there are more than 20,000 different types of cryptocurrencies on the market, and the vast majority of them should not be considered as promising for long-term investments. And the rest cannot be considered as clearly promising for a very long period. It must be taken into account that the cryptocurrency does not develop on its own, it largely depends on the attitude of states towards it. And they have not yet fully decided on their attitude towards cryptocurrency.

[Jamal Aezaz]

I think everyone has his own strategies but the thing is that always stick to your plan alwayss... if you’re going positive in a trading keep the stoploss close to it so if the trade goes against you still one can get profit and you’ll gain confidence as well when market respect your levels. But sticking to my own plan and TA is my strategy. However I’m a newbie but sticking to my own plan makes me more confident and i achieve my goals as well and 90% of my trades are according to my plan. Even if it gets against me still i get some profit.

[Speaker]

compliance with the risk money management strategy and unwavering adherence to it is the key to great success

[owmivmen]

Historically cryptocurrencies provide higher returns than other investments but you have to be mindful of the risks as well. Crypto values ​​and prices are very volatile and you should understand before investing in cryptocurrencies

[Alichlas92]

in addition to providing higher returns, it also provides higher losses. looks like it should be repeated about the risk.

[Max Way]

in addition to providing higher returns, it also provides higher losses. looks like it should be repeated about the risk.

As long as you understand the risks and have confidence in the coins that have potential, I think this can be a consideration for long-term investment. But of course I myself also don't have all the assets I have in crypto, I prefer to use money that is not used in the near future.

[iamwarhawk]

yes, crypto is undoubtedly a long term investment, as we already saw what BTC did it started from cents to now being the top contender, anything can happen in the crypto market, holding coins with good background and usage in real life can be life-changing they can indeed grow in the coming future.

[Alichlas92]

As long as you understand the risks and have confidence in the coins that have potential, I think this can be a consideration for long-term investment. But of course I myself also don't have all the assets I have in crypto, I prefer to use money that is not used in the near future.

yes like that, at least the potential that exists is a reason for long-term investment.
I don't understand the long term meaning of a project that doesn't have a physical presence, maybe the long term is the next 10 years, the rest may stay or disappear, I see one problem with a project that is pretty good but it doesn't last long and it hasn't been 10 years since launch .

[Severus Snaoe]

According to me, in case of crypto it cannot be for so much long term because i myself is experiencing loss from past 10 years i dont see any profit. instead of this one may prefer Systematic Investment Planning that will lead to massive profit. Just a thought.

[Alichlas92]

yes I agree with you, the long-term purpose is very limited. how does it mean to choose a Systematic Investment Plan that will yield huge profits. what kind of method is that?

[gurunanakji777]

No doubt for the long-term this is the best investment plan. We all know the crypto market is highly volatile but if you are a long-term investor and do not get panic about the huge fluctuation then you are in right place to make money.