Cryptocurrency Day trading involves making trades that last within short period for example, seconds or minutes, taking advantage of short-term fluctuations in an asset's price. With day trading, all positions are opened and closed within the same day. Long-term investing, on the other hand, consists of making trades that stay open for months, and often years.
How to Invest In Cryptos for the Long Term
Cryptocurrency investment is a question of getting in at right time, into right cryptocurrency and at the best possible price.
Long term investing in cryptocurrencies involves:
If the trader wants to invest in cryptos but does not have tolerance for hefty intraday volatility of cryptocurrency market.
If the investment will be made in cryptocurrency with real-life use cases, with potential for mass adoption by populace in future. There are already several of such cryptos in list of top 30 most capitalized cryptos, and many are not even up to 20 cents a coin in price.
Investment should be done with lowest risk possible.
It will involve aiming either invest in an ICO featuring project with real product or service that is already in the market, or buying into an existing crypto project where prices are at their baseline levels.
IN CONCLUSSION
Bearish period is the best time to invest in cryptocurrency for long-term.