Holding cryptocurrency for the long term, good or bad?

[Starmix]

Holding cryptocurrency for the long term, good or bad? We always hear that long-term investment is good because it yields high profit or returns and is not easy to withdraw anytime. It is one way to keep it and will only be claimed once the right time comes. If you still want to put some money directly into the cryptocurrency market after all of these warnings, that’s also fine. And whatever market you have chosen to invest in that’s the best way to increase wealth holding your crypto in the long run. What is good in a long-term plan is, it is about pocketing compound returns over many years, just like in the stock market.

 

[King Belieal]

You would have to understand that crypto investments are very volatile and are not in any way fail proof. But keeping it for long gives you a good chance of reaping a high yield from it.

 

[Suba]

Crypto is no different from stocks, not all crypto is good or profitable for long-term investment, so investors must have the skills to choose stocks or crypto that can be used as long-term investments. Crypto investments are stored in a personal wallet so we don't need to withdraw them, we can even send them anywhere or sell them on a crypto exchange.

 

[Starmix]

Crypto is no different from stocks, not all crypto is good or profitable for long-term investment, so investors must have the skills to choose stocks or crypto that can be used as long-term investments. Crypto investments are stored in a personal wallet so we don't need to withdraw them, we can even send them anywhere or sell them on a crypto exchange.

Thank you, my friend, for the clarification. I am still, ignoramus on a crypto thing hehehe. Anyway, I am not that interested in crypto. I am interested on US dollars

 

[eLdavis]

I guess it depends on the situation of the market. Does who hold for long are usually at an advantage though, since they can wait out the market until things are on a positive note.

 

[Suba]

Thank you, my friend, for the clarification. I am still, ignoramus on a crypto thing hehehe. Anyway, I am not that interested in crypto. I am interested on US dollars

Whatever the method, be it investing, doing business, basically we aim to make money, be it USD or local money, and we are only looking for what is best for ourselves, which may not necessarily suit other people.

 

[Xtynehappy]

In my opinion the holding up of the cryptocurrency for long-term basis is very profitable as one would reap higher profits on the long run.

 

[Starmix]

Whatever the method, be it investing, doing business, basically we aim to make money, be it USD or local money, and we are only looking for what is best for ourselves, which may not necessarily suit other people.

Agree with you on that, whatever it is as long as we are saved by the kind of money we may produce. Life is getting harder every day. Prices never go down, so we have to do what we believe is right like believing in crypto as best when it is served long-term or short-term.

 

[deucher]

This is not good, it is an ideal idea, because very often many beginners buy cryptocurrency and think that in a couple of months they will get rich, but losses are very easy. If you do not have knowledge for speculative trading, then it is better for you to just buy and wait, preferably bitcoin and ethereum, because with other cryptocurrencies you need to conduct a deep analysis

 

[Starmix]

I am afraid to invest in crypto. I am not skilled on it. I may not be able to recover losses in case failure happens because of risks.

 

[Kirubel]

From the experience we have with cryptocurrency and the histories that we have holding cryptocurrency for a longer time, we have a good profit, but its not about holding it for a long time; its about choosing the right coin to invest in because some coins have lost their value, and if you invest in those kind of coins, then your investment will be lost too.

 

[Stardom22]

For me l can say that the holding down of the crypto currency for long term is the best thing to do ever especially for the newbies that are not conversant with the basic principles for the crypto currency investments.

 

[mrki444]

For long term choose only BTC, LTC or ETF. Maybe BCH. All other small coins are not trusted.

 

[King Belieal]

For long term choose only BTC, LTC or ETF. Maybe BCH. All other small coins are not trusted.

You were generous enough to include LTC in that mix. For me, that crypto has been largely disappointing. It should have had more value than it has now. I would choose BNB over it.

 

[mrki444]

You were generous enough to include LTC in that mix. For me, that crypto has been largely disappointing. It should have had more value than it has now. I would choose BNB over it.

You are acutally right. BNB jumped over 200$ per coin while LTC 20$.
Check coinmarket charts.

 

[magnus2022]

Holding cryptocurrency for the long term, good or bad? We always hear that long-term investment is good because it yields high profit or returns and is not easy to withdraw anytime. It is one way to keep it and will only be claimed once the right time comes. If you still want to put some money directly into the cryptocurrency market after all of these warnings, that’s also fine. And whatever market you have chosen to invest in that’s the best way to increase wealth holding your crypto in the long run. What is good in a long-term plan is, it is about pocketing compound returns over many years, just like in the stock market.

It depends on individual trading skills. I prefer short term holding . Daily traders make more profits thanclongcterm investors. Daily cryptocurrency makes some moves which may result incloss or gain of vslue of tour coin. Therefore, you can explore the benefits in short time interval .

 

[Augusta]

Keeping it for long gives you a good chance of reaping a high yield from it.Byt crypto investments are very volatile and are always fluctuating in price

 

[Starmix]

It depends on individual trading skills. I prefer short term holding . Daily traders make more profits thanclongcterm investors. Daily cryptocurrency makes some moves which may result incloss or gain of vslue of tour coin. Therefore, you can explore the benefits in short time interval .

Yes, you are s right, even though I am not a crypto expert. I am only riding for a tide. I am scared of course. I was always scammed on trading and am now skeptical about the crypto thing.

 

[King Belieal]

Yes, you are s right, even though I am not a crypto expert. I am only riding for a tide. I am scared of course. I was always scammed on trading and am now skeptical about the crypto thing.

Trading in crypto is different from investment. Crypto trading is just like a daily or frequent business. Crypto investment involves holding the crypto for a long time to yield for you.