The goodness of long-term investing in cryptocurrency

[GreatArkansas]

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Why is long-term investing good?

* Not Risky - Because you have only invested in the market for the long term, You just term or hold, there's nothing to get rid of and you can't opportunities will miss out on the market because they have invested, it's just you The others are in and out of crypto, so of course, if you are outside of crypto, you will miss the other opportunities here.

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While I think this is a good post this is the part I do not agree with, long term investing is less risky but it still carries risk, for example if you invest in a shitcoin then it does not matter that you hold it for the long term since at some point during that time it will crash to zero, and even if you hold good assets like bitcoin or gold which will most likely never crash that hard, there is still a risk as it can take a long time to recover your initial investment, and if during that time you are forced to sell by some unforeseen circumstances then you will lose money, but other than that you did a good job with this post.

Exactly. Not all projects are worth for long-term investment or good to hold for the long term.
This is already proven over time with Bitcoin and other altcoins. Try to use an example Bitcoin versus other altcoins or new altcoin that popped few years ago, that altcoin popped few years ago are already not on the spot where it was before, while Bitcoin is still there.

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[Riodarvg]

My additional thoughts

Why is long-term investing good?

* Not Risky - Because you have only invested in the market for the long term, You just term or hold, there's nothing to get rid of and you can't opportunities will miss out on the market because they have invested, it's just you The others are in and out of crypto, so of course, if you are outside of crypto, you will miss the other opportunities here.
* More economical - Of course, if you often trade in cryptocurrency, you will spend a lot here, such as trading fees, credit card fees, and so on. If you're just in prison, you don't care about such things.
* Less stress - A lot of people invest in crypto but they are always stressed or too emotional about what is happening in cryptocurrency. Like when the value suddenly increases, it's very fun, but when the price suddenly falls or drops in the market, it's very sad and sometimes even depressed, which is a normal reaction and there's nothing wrong with it, but of course, it's also difficult you always feel that you might get sick, so to reduce stress, you should make a long-term investment, like buy and forget or buy and hold or maybe after you buy you will not have any attachment to the cryptocurrency that you will buy, no first you have to check or you should check there only once, or when you have your target you just sell there, it's that simple.
* Easy - So, because it's less stressful, this kind of investing is easier, you don't need to be an expert or a good trader. You know how to analyze, signals, charts, and more. That's why you don't need those because you will only invest once, or if you always do something simple and that is just buying buy.
* Compound Return - So if you are a long-term investor, your crypto money will also grow more if you do this method over time, especially if you stake in platforms that give you a return every week or month, or year, it seems that your crypto is increasing passively.

These are just a few of the reasons why it is good to invest in crypto when it comes to the long term. Because historically speaking, it is also good to appreciate the value of cryptocurrency like what happened with Bitcoin.

And another thing that can be done if you do long-term investment here is that if you have extra money, you can also do the DCA (Dollar Cost Averaging) style method, this is investing in crypto every week every two weeks depending on you because the purpose is only This means that your cryptocurrency investment should be consistent so that you can increase your holdings of crypto and at the same time you can avoid the volatility of the market. Many well-known investors do this.

Any investment corresponds to risk. Not all crypto projects are suitable for long-term holding.
Long-term holding of cryptocurrencies may only be possible with Bitcoin. Bitcoin has proven over the years to be a profitable investment, investing in it and holding it for a long time can provide us with profits.
For more altcoins, there must be more research, choose a currency with potential in the market and buy and sell at the right time, reducing investment risks and losses.

[merekamo]

I appreciate your post, but the current state of the crypto market is very different. The effect of the FTX collapse is very influential investors on the crypto world today.

The FTX crash, which sent shockwaves through the cryptocurrency industry and made investors wary of trading in unregulated markets without understanding the risks.

Although prices have been rising slowly or stagnant over the last few months. Several major factors, including the need for increased regulation and higher transaction fees, are likely to hinder the further growth of this crypto market.

The question is whether or not investors will continue to support them during these cumulative times. If they do, we could see another spike in Bitcoin's valuation in the near future.

[Mr. Magkaisa]

* Not Risky

Maybe a better term is "less risky". Although we do know how volatile cryptocurrencies are compared to stocks, forex, gold, and real estate, at least responsible long-term investments negate the effects of constant ups and downs in the market. But I will never call long-term cryptocurrency investing not risky. If it is not risky at all then there is no need to create tips like watching its volatility and investing only a portion we can afford to lose. If there is no risk, then we can just all-in invest all our funds allocated for long-term goals.

   - I stand corrected for this you've mentioned Sir, thanks for the heads up. I just posted the wrong term for this one, anyway long term is good only if anyone are sure about the coin that will give a nice profit in the future. And the risk might only come in if you feel doubt about the coins you'd like to buy and at the end of the day you still like to invest in it.

That is why the portion of invest what we can afford to lose is very suitable for the long term in my own assessment and perception as well.

[bittraffic]

* Not Risky

Maybe a better term is "less risky". Although we do know how volatile cryptocurrencies are compared to stocks, forex, gold, and real estate, at least responsible long-term investments negate the effects of constant ups and downs in the market. But I will never call long-term cryptocurrency investing not risky. If it is not risky at all then there is no need to create tips like watching its volatility and investing only a portion we can afford to lose. If there is no risk, then we can just all-in invest all our funds allocated for long-term goals.

   - I stand corrected for this you've mentioned Sir, thanks for the heads up. I just posted the wrong term for this one, anyway long term is good only if anyone are sure about the coin that will give a nice profit in the future. And the risk might only come in if you feel doubt about the coins you'd like to buy and at the end of the day you still like to invest in it.

That is why the portion of invest what we can afford to lose is very suitable for the long term in my own assessment and perception as well.

It's about investing in a currency that you actually own irrespective of how much its value could be because of the volatility. Because that's what you invest in. Not just because of the price consideration.

You investing in USD/EUR today and you might actually see its price dipper when the inflation finally runs away. And the fact that they are in a bank account or stablecoins that are on the ETH network where can be seized, that's riskier.

[Ayers]

I would totally agree with you if you only talked about bitcoins and no other cryptocurrencies. However, if you said that altcoins are also suitable for long-term investment, I would disagree with your statement. Altcoins can also give us big profits, but they only last for a while or cannot sustain their growth. They are not like bitcoins that always recover from a drop. Many say that holding top altcoins will generate profits, but they still need to learn that, over time, the top altcoins will be replaced by newer altcoins.
Long-term investing is only true for bitcoin, not for altcoins.

[gunhell16]

From what I see in OP's topic, he only shows and explains what can be benefits and criteria if you are a class of long-term investors here in the world of crypto. And in addition to that, OP also shared based on his experience how to chosse and gave a criteria in a cryptocurrency although he did not say or specify what crypto is good for long-term investment.

There is truth in what he said in his statement and there is a point as well, it is a given that bitcoin is leading in long-term investing.
Now, when it comes to another cryptocurrency, it is not correct that others say that bitcoin is only one good for long-term investment, for me this is a wrong belief and view as a crypto enthusiast.

Because I see a lot of altcoins (alternative coins) that have the potential to be held long-term and I know that the rest of us here also know that. And all cryptocurrencies as well have an attached risk, maybe just different in the percentage level of crypto.

As long the long-term for me is good and as long as I am ready to lose the capital that I will use here, because what I look at in the long term are positive things and there is no room for negative thoughts, even knowing if there is a risk.

[Strongkored]

Good day to all the community here in this forum, Do you want to know why cryptocurrencies are good for long-term investment? Why is it okay to invest in the long-term and what are the strategies and criteria to choose cryptos that we can invest in?

Cryptocurrency also means altcoins, for me it's still risky no need to explain about all the drama that appears in altcoins but it proves that long term in cryptocurrency is very risky and I don't like it, even though the coin is listed on major exchanges it's still not a guarantee that investing long termcrypto will be safe, when investing in long term in altcoins it will be better to prepare yourself for big losses than big profits unless we can choose the right coin.

[Nhebu]

I thought being a trader is a good idea for me since I am working and I want to add my source of income. I tried to learn basic future trading and started my execution last August 2022. I gathered 40 dollars for my first try and I was so happy because I thought that it would be easy on me.

Until my beginners luck ended. I became greed and invested my 300 dollars in margin. Unfortunately, my position was liquidated. Until now, I don't know what to do to regain my losses. Luckily, I have spot position and staking assets for long term. Now I am planning to be in a long term hold than a shorter one.

I've been there in cryptocurrency for almost 5 years yet I don't have luck. Every time I hold my position, something bad happened to my life. And before, I didn't have job. But right now that I am working in abroad. I have a chance to hold for five years my cryptocurrency. Hopefully, this time I will become successful.

[KaliLinux]

Generally, if we talk about investment whether it was long-term or short-term still it corresponds to risks. But the good thing about holding term especially if you are investing potential coin like Bitcoin it removes your stress from what you have seen in daily market changes because you know that your invested coin will grow in the future.

But why do many people make it hard and become impossible? It is because holding long-term is not their comfort, and worries still in their mind that influence their decision and weaken their courage.

I agree that crypto investment is still risky whether it bee in long or short-term investment, however, some people see an opportunity of accumulating their crypto assets even if it is Bitcoin when the market is dipping rather than hodling through the season so that they can buy back at a lower price and not necessarily because of weakness. A long-term investment is good if you are the type that doesn't have time to monitor the market along with the noise that comes with it.

[Tony116]

...A long-term investment is good if you are the type that doesn't have time to monitor the market along with the noise that comes with it.

Even if you spend much time watching the market, long-term investing is much better than short-term, long-term investments are less risky than short-term investments. As we all know, bitcoin is unpredictable, and chart analysis will only be partially correct, not giving 100% accurate results, so short-term investments will sometimes lose. I am also a long term investor, not a trader, I still follow the news daily, and I did the right thing. Following the market closely helped me capitalize on the FTX crash, and I bought some bitcoin for $15.7k, a price that will be hard to see again in the future.

[Yamifoud]

...A long-term investment is good if you are the type that doesn't have time to monitor the market along with the noise that comes with it.

Even if you spend much time watching the market, long-term investing is much better than short-term, long-term investments are less risky than short-term investments. As we all know, bitcoin is unpredictable, and chart analysis will only be partially correct, not giving 100% accurate results, so short-term investments will sometimes lose. I am also a long term investor, not a trader, I still follow the news daily, and I did the right thing. Following the market closely helped me capitalize on the FTX crash, and I bought some bitcoin for $15.7k, a price that will be hard to see again in the future.

No, you can't say that because in some cases short-term investing gives more profit. Just look into hyped projects, they are meant for the short-term but as you can see, many people got involved with this even though it was risky because they are certain about earning a profit without waiting for Bullrun. Even long-term investment gives you losses but that will only happen upon investing shitcoins. If you are doing a long-term deal, make sure that you are investing the right coins, otherwise, losses are what you get in the end.

[Fundamentals Of]

Long-term investment in cryptocurrency is actually a double-edged sword. I can attest to this with my own personal experiences. I have actually accumulated many altcoins in 2017. A number of them multiplied in price after weeks and months, but I stayed loyal to them, didn't sell, and decided to keep them for a longer term. They all seem promising. Little did I know that almost all of them are actually short-lived. Corrections happen after corrections. Eventually they all hit the bottom and weren't able to recover from there.

The lesson is not to go for long-term plans with your altcoins. Treat them as hypes or trends. Most of them are ephemeral. Bitcoin is the best choice in the end.

[sulendra12]

Generally, if we talk about investment whether it was long-term or short-term still it corresponds to risks. But the good thing about holding term especially if you are investing potential coin like Bitcoin it removes your stress from what you have seen in daily market changes because you know that your invested coin will grow in the future.

There is always a statement that it doesn't matter if they bought it when the price was at the highest price possible and when they hold it for 4 - 5 years the price went down and difficult to reach at that point again.
For example to people who bought it at Nov 2021 when the price was at $66.000+, they need to wait until to reach that point again to sell it with reasonable profit. People should take that into an account before doing long-term investment. Don't invest it once it reaches ATH, if you want to reduce the stress because of price drops.

[Maidak]

From what I see in OP's topic, he only shows and explains what can be benefits and criteria if you are a class of long-term investors here in the world of crypto. And in addition to that, OP also shared based on his experience how to chosse and gave a criteria in a cryptocurrency although he did not say or specify what crypto is good for long-term investment.

There is truth in what he said in his statement and there is a point as well, it is a given that bitcoin is leading in long-term investing.
Now, when it comes to another cryptocurrency, it is not correct that others say that bitcoin is only one good for long-term investment, for me this is a wrong belief and view as a crypto enthusiast.

Because I see a lot of altcoins (alternative coins) that have the potential to be held long-term and I know that the rest of us here also know that. And all cryptocurrencies as well have an attached risk, maybe just different in the percentage level of crypto.

As long the long-term for me is good and as long as I am ready to lose the capital that I will use here, because what I look at in the long term are positive things and there is no room for negative thoughts, even knowing if there is a risk.

To be fair, bitcoin is the best long term investment but altcoins are still good for long term investments and I won't say that there are many but very few and rare altcoins that can be invested for the long term. More realistically, look at CMC, only ETH is the only altcoin that has existed with bitcoin over the years, the remaining topcoins have all been replaced or disappeared from the market. In the case of choosing altcoins for long-term investment, I will only choose ETH and BNB, the rest is really not worth holding long-term.

[Dart18]

Short-term investment is like trading so I don't do that anymore, it's too stressful for me. I do choose long-term investment instead but it have to be a good project to maximize the profits in the long run. Out of ten that I picked way before the dump this year, I can still say I made profits from altcoins on the top 50.
I'd rather stick with what was recommended by the rankings that add more risk in finding gems that may end up just scams or rugpull projects.

[tvplus006]

Obviously, a long-term investment should coincide with market cycles. Thus, the start of investments should be at the end of the bear market and continue until the end of the bull market. And in order to get the maximum profit, it is necessary to choose correctly not only the coin, but also the investment time.

[Nrcewker]

Cryptos are really underestimated when it comes to long term investments. People shows more trust on FDs, SIPs and golds for long term investment. I mean they do it so as they don’t have complete knowledge on the cryptos. Cryptos can really be a great asset to invest for long term. And if we compare the history stats, then definitely the investors have got more than 100x profits in some years. I completely agree that the risk involved is pretty high, but guess what the returns is also high. Now we need to just analyse the risk and invest accordingly for long term in these brilliant cryptos.

[Sayeds56]

Cryptos are really underestimated when it comes to long term investments. People shows more trust on FDs, SIPs and golds for long term investment. I mean they do it so as they don’t have complete knowledge on the cryptos. Cryptos can really be a great asset to invest for long term. And if we compare the history stats, then definitely the investors have got more than 100x profits in some years. I completely agree that the risk involved is pretty high, but guess what the returns is also high. Now we need to just analyse the risk and invest accordingly for long term in these brilliant cryptos.

I agree with your opinion that good crypto projects in general and Bitcoin in particular, are the best assets to hold for long term and no other class of asset can compete with Bitcoin when we compare the growth, it achieved (Bitcoin returns are outstanding). It has registered tremendous growth during the past 15 years. But we need to be very choosy in picking crypto assets, Bitcoin and Ethereum are considered best investments for long term but make good research before investing in all other projects.

[xSkylarx]

Cryptos are really underestimated when it comes to long term investments. People shows more trust on FDs, SIPs and golds for long term investment. I mean they do it so as they don’t have complete knowledge on the cryptos. Cryptos can really be a great asset to invest for long term. And if we compare the history stats, then definitely the investors have got more than 100x profits in some years. I completely agree that the risk involved is pretty high, but guess what the returns is also high. Now we need to just analyse the risk and invest accordingly for long term in these brilliant cryptos.

I agree with your opinion that good crypto projects in general and Bitcoin in particular, are the best assets to hold for long term and no other class of asset can compete with Bitcoin when we compare the growth it achieved (Bitcoin returns are outstanding). It has registered tremendous growth during the past 15 years. But we need to be very choosy in picking crypto assets, Bitcoin and Ethereum are considered best investments for long term and make good research before investing in all other projects.

However, most experienced investors already knew which altcoins they would be investing in, whereas newcomers will always buy bitcoin because it is well-known and provides a guaranteed profit in the long run. If you don't want to hold a bitcoin, the top five altcoins are the best to invest in because they are safe and secure. For the time being, avoid new coins because they are not safe and usually die after a few months, unlike well-known and established coins where you can get news every day and keep track on a daily basis.